UNITED STATES
CFTC Commissioner Questions VCs' Due Diligence
Investor due diligence in the failing crypto-exchange FTX has sparked concerns from the Commodity Futures Trading Commission (CFTCP). VCs had to write down their multimillion-dollar investments to practically nothing, raising "serious doubts" about their responsibility.
Deal Box offers $125M blockchain and Web3 venture fund
Deal Box created a $125 million Web3 venture capital fund. Deal Box Ventures will support emerging growth, real estate, fintech, funtech, and social impact firms. It owns Total Network Services, Rypplzz, and Forward-Edge AI. Lesetja Kganyago spoke at WEF 2023 in Davos, Switzerland. Before launching CBDCs, the SARB governor suggested a national dialogue. Crypto barely fits two of three currency standards, he said.
The New House Financial Services Committee Head Wants To Postpone Crypto Tax Measures
Patrick McHenry wants the Treasury to postpone the Infrastructure Investment and Jobs Act's digital asset and tax collection portion. McHenry claims the clause is poorly written and that brokers might be misinterpreted. The rule was challenged earlier this year by Coin Center, a blockchain advocacy organization. Crypto miners and stakers are exempt from the new law, according to Senator Rob Portman's tweet of a Treasury letter.
First US DAO to battle SEC without lawyers
In its 2021 SEC filing, the DAO listed its native, interdependent tokens — the stablecoin Ducat and governance token Locke. The regulator has started the process of issuing a stop order, citing a slew of issues with the registration. American CryptoFed plans to file a motion to extend the deadline for responding to the SEC's Order Instituting Administrative Proceedings.
SEC filing discrepancies threaten American CryptoFed registration
The first decentralized autonomous organization (DAO) to get legal recognition in the United States is at risk of losing its registration. The U.S. Securities and Exchange Commission (SEC) dug up anomalies in the DAO's registration statement dated Sept. 17, 2021. A stop order from the SEC would retract American CryptoFed's registration and bar sales of in-house tokens, Ducat and Locke.
Mersinger feels crypto regulation is needed
Commissioner Summer Mersinger suggested that the time to act on cryptocurrency regulation may have arrived. "We are getting to the point that maybe we are past the education stage and now it's the action [stage]," she said. She dissented from the commission's treatment of Ooki DAO, calling it regulation by enforcement. Real-time proof of reserves may be part of digital asset regulation in the future.
69 % Female Crypto Investors in U.S. Adopt Holding Strategy, Survey Shows
Real Talk survey BlockFi suggests that female crypto investors on American soil had a long-term outlook because they had adopted the buy-and-hold strategy.
49% of Americans are Aware of NFTs: Pew Research Center
Nearly half of Americans have shown awareness of non-fungible tokens (NFTs), according to a survey by Washington-based think tank Pew Research Center.
Russian National Extradited to the U.S. to Face Crypto Money Laundering Charges
Alexander Vinnik, a Russian national accused of running an illegal crypto exchange BTC-e was extradited to the United States to face fraud charges.
Hong Kong is the Most Crypto-Ready Economy, Study Shows
Crypto adoption in Hong Kong is going to expand, as the city has emerged as the readiest country/ region to embrace digital assets era, according to a study by trading platform Forex Suggest.
US House Committee Chairman Seeks Insights into Crypto Retirement Plans
Bitcoin is increasingly becoming a larger part of many institutional portfolios, including pension funds. A number of public pension funds, which have been investing in private equities to increase their investment yields, are now investing in cryptocurrencies.
87% of Merchants Believe Crypto Payments Enhancing Competitive Advantage: Deloitte Survey
87% of merchants believe crypto payments will enable them to stay at the top of their game based on the competitive advantage rendered, according to a survey by big four audit firm Deloitte.
Human Rights Advocates Urge U.S. Lawmakers to Concern Crypto, Saving Crumbling Currencies
A group of human rights advocates have urged U.S. Congress members to be concerned about the role of importance of cryptocurrencies against unstable economies whose local currencies are collapsing.
Americans Present Stronger Desires than Canadians in Crypto, Ipsos Study Shows
The intention of investing in cryptocurrencies like Bitcoin (BTC) or using tokens as a payment option among Americans is higher than among Canadians, a new survey shows.
US-Based Mortgage Firm Permits Homebuyers to Use Crypto Holdings as Collateral
Milo, a financial technology company that reimagines mortgage credit, removes the obstacle for down payments if homebuyers use crypto holdings as collateral for home loans.