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Paul Munter, the Chief Accountant of the United States SEC, seemingly dialled back to ease the tough criteria of the SEC’s Staff Accounting Bulletin-121 (SAB-121) during a speech. SAB-121 has been a considerable regulatory barrier, especially for banks trying to provide crypto custody services. Munter’s comments imply a possible way for banks to avoid the […]
In May, United States congressional lawmakers voted to repeal Staff Accounting Bulletin-121 in a 228-182 bipartisan vote.
The upgrade deployment script failed to call an important initialization function, leaving the vote threshold at zero and allowing anyone to withdraw without signature.
US House of Representatives votes on Senate Bill 121, affecting cryptocurrency industry, potentially restricting banks' management and causing concentration risk, requiring Democrats' support. (Read More)
Ethereum co-founders Vitalik Buterin and Joseph Lubin reflect on the state of the network a decade after its creation.
During a period when major metaverse projects are struggling to gain traction following the bear market of 2022 to 2023, Sandbox announced that it has added over 330,000 unique creators.
The House Appropriation budget may prevent the SEC from enforcing SAB 121, with a policy rider blocking fund use for the rule.
The post Upcoming House budget bill could restrict SEC’s funding for SAB 121 appeared first on Crypto Briefing.
President Joseph R. Biden Jr. has vetoed House Joint Resolution 109 (H.J.Res. 109). This resolution sought to disapprove the Staff Accounting Bulletin No. 121 (SAB 121) of the U.S. Securities and Exchange Commission (SEC), which provides guidance on firms’ accounting practices for safeguarding crypto-assets. President Biden highlighted the importance of SAB 121 in his decision, […]
President Biden vetoes bipartisan resolution to overturn SEC's controversial crypto accounting guidance, emphasizing the need for consumer and investor protection in the digital asset market.
The post Biden vetoes resolution overturning SEC’s controversial crypto guidance, says repeal would ‘jeopardize’ consumers appeared first on Crypto Briefing.
The impending closure of zkSNACKs CoinJoin service has been described as a setback for Bitcoin developers and privacy proponents.
BTC derivatives show moderate bullishness, paving the way for further gains above $70,000.
Learn more about Enjin's legal team's recognition at the ALB South East Asia Law Awards 2024.
The U.S. Congress bipartisan vote has overwhelmingly demonstrated its rejection of the SECs SAB 121. President Biden threatened to veto the overruling. Will the executive branch overthrow Congresss decision?
US lawmaker Wiley Nickel urges SEC to repeal SAB 121, arguing it hampers crypto growth and pushes investors offshore.
The post US lawmaker urges SEC to repeal controversial crypto custody rule SAB 121 appeared first on Crypto Briefing.
Recent regulatory action against Consensys and Samourai has instilled fear among other crypto service providers operating in the United States.
Market makers, despite operating discreetly, are posing a significant threat to various cryptocurrency projects. These entities play a critical role in providing liquidity to the market, but their actions can result in negative consequences for projects in the long run. Market makers are professional traders or firms that create liquidity by simultaneously placing buy and [...]
The post How Market Makers are Sabotaging Cryptocurrency Projects with Covert Deals appeared first on Crypto Breaking News.
Sablier Labs announces a successful $4.5M seed funding round led by prominent crypto investors to enhance its innovative token distribution platform. (Read More)
The Bybit CEO, Ben Zhou, gave an update regarding the investigation of the funds that were stolen in the recent hack that targeted the exchange. In an X post, Zhou provided some details about the investigation and stated that the hacker used Bitcoin mixers to cash out 500k Ether and about $1.4 billion in assets […]
Recently, there has been speculation in the crypto community that President Trump may be intentionally causing instability in the cryptocurrency market. This comes as a surprise to many, as his actions are usually not directly linked to the crypto space. However, with recent tweets and public statements regarding cryptocurrencies, some believe that Trump is using [...]
The post Is Trump Sabotaging the Crypto Market on Purpose? appeared first on Crypto Breaking News.
Users will once again be able to selectively spend their UTXOs via the Wasabi Wallet interface.
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