The bill was introduced in the evening and has not been published yet, but it is already causing a stir. Crypto Twitter calls it a “nonstarter.”
FinCEN News
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- News
The court left the issue of the subordinacy of government claims open; Bittrex received multimillion-dollar credits from FinCEN and OFAC.
14012 - News
Bittrex owes $29 million in penalties for sanctions violations and may still face penalties in a case brought by the SEC.
2249 - News
There were almost twice as many state actions as federal in 2022, although both the feds and the states broke previous record by significant margins.
2423 - News
FinCEN placed Binance next to the darknet market Hydra as a major counterparty receiving Bitcoin from Bitzlato.
6866 - News
A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks.
3710 - News
“I’m just a regular Bitcoiner caught in the crosshairs,” claimed Mark Alexander Hopkins, also known as Rizzn, prior to serving their prison sentence.
11864 - News
It says users in the United States can expect digital asset services to come in the future.
2680 - News
Him Das said FinCEN’s current authority under the PATRIOT Act would likely not stop actors from engaging in illicit transactions for ransomware attacks and darknet markets.
1806 - News
“Prompt reporting of suspicious activity contributes to our national security and our efforts to support Ukraine and its people,” said FinCEN acting director Him Das.
4580 - News
The Treasury will consider imposing KYC regulations on transactions involving self-custodied wallets.
2959 - Breaking news
Former CEO Arthur Hayes and other executives at the firm are still likely to face charges on alleged violations of the Bank Secrecy Act.
6097 - News
FinCEN digital currency adviser Michele Korver believes cryptocurrency is a natural evolution in financial technology.
4266 - Opinion
The SEC’s approach to crypto must be modified to more clearly articulate how securities laws should apply to digital assets.
19527 - Expert Take
Michele Korver’s appointment to the U.S. Financial Crimes Enforcement Network promises to reduce illicit financial practices within the crypto space.
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