US GOVERNMENT
US Commerce Department Publishes GDP Data on Stellar (XLM) Blockchain
The US Department of Commerce has for the first time posted GDP data on the Stellar (XLM) blockchain, marking a significant step in government transparency and blockchain technology adoption.
Former Ethereum Adviser Steven Nerayoff Files $9.6B Lawsuit Against US Government
Steven Nerayoff, an early adviser to the Ethereum network, has filed a lawsuit against the United States government for false charges and mistreatment. The lawsuit, filed under the Federal Tort Claims Act, seeks $9.6 billion in damages for an extortion case. Nerayoff alleges that federal agents were aware of the baseless charges and engaged in harassment and intimidation tactics.
US Government to Auction $130 Million in Silk Road Bitcoin
The US government is auctioning over $130 million in Bitcoin seized from the Silk Road case, involving digital assets linked to criminal activities. This significant move reflects the evolving approach to handling cryptocurrencies in law enforcement.
US Government Removes Cryptocurrency AML Provisions from NDAA
The US government has removed two AML provisions relating to cryptocurrencies from the NDAA, indicating a cautious approach to crypto regulation and raising concerns about future AML measures.
US Judge Supports Government Bid to Quash Binance.US's $1 Billion Deal
A US judge has supported the government's bid to stop Binance.US from buying the assets of bankrupt crypto lender Voyager for $1 billion. The judge said the government had a substantial case on the merits, with delays potentially costing the estate up to $10 million per month. The sale had been approved earlier by a US bankruptcy judge, but objections from the US Attorney have put it on hold.
US Government to Sell Seized Silk Road Bitcoin
The US government plans to liquidate over 41,000 Bitcoin seized in the case against Silk Road creator Ross Ulbricht. The Bitcoin is expected to be sold in four more batches over the course of the year.
Blockchain Association Rejects Court's Securities Ruling on Private Blockchains
A U.S. lawyer called it "absurd" for a court to declare digital assets on centralized databases securities.
The Most Unworkable State Law
An Illinois senator has presented a law that would compel crypto node operators, miners, and validators to reverse transactions if ordered by the court, even though it's impossible.
SEC panel votes in favor of proposal that may make it more difficult
The US Securities Exchange and Commission has proposed new laws that would make it harder for crypto businesses to supply custody solutions. Opponents think this will hurt.
LidoDAO is considering selling or staking its $30 million
LidoDAO, the decentralized autonomous organization behind Lido, is considering staking or selling its $30 million ETH treasury to meet unexpected market swings.
SEC plans to propose new rule changes that could impact crypto firms
The SEC is still deciding on a "qualified custodian."
Reversing Censorship on Ethereum
Ethereum presently has 47% OFAC-compliant blocks, the lowest since Oct 11.
3 Website Operators Lured Romance-Seeking Victims Into Their Fraud
Three website operators lured romance seekers with their bogus bitcoin investment scam.
Billionaire investor Ray Dalio has described fiat currency as being in serious jeopardy
Bitcoin is too unpredictable to be "effective money," according to legendary investor Ray Dalio.
Randall Crater, Founder of "My Big Coin" Sentenced
A U.S. Federal Court Judge sentenced Randall Crater to 100 months in prison. Crater defrauded 55 investors with $7.6 million.