Crypto investment platform Unicoin hit back at the US Securities and Exchange Commission’s fraud lawsuit after three months, accusing the agency of distorting its regulatory statements to build a case. Unicoin told a New York federal judge on Wednesday that the SEC’s lawsuit should be dismissed as it “plucks snippets of communications and distorts their…
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The Trump administration is considering at least 11 candidates to potentially replace Jerome Powell when his term as Federal Reserve Chair expires in May — at least three of them have publicly shown a positive stance toward crypto. Treasury Secretary Scott Bessent told Fox News on Wednesday that there are 11 “very strong candidates” for…
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Issuers of crypto exchange-traded funds should carefully consider which cryptocurrencies to offer exposure to in their funds, as most of the crypto market is “pretty sketchy,” says REX Financial CEO Greg King. “Crypto gets pretty sketchy below the top 10, certainly below the top 20,” King told Bloomberg’s ETF IQ on Monday. “There’s some significant…
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Animated comedy series South Park mocked US President Donald Trump in its latest episode aired on Wednesday, with one part satirizing his ties to crypto. The episode titled “Sickofancy,” depicted scenes showing parodied versions of tech executives wanting to curry favour with Trump by lining up to give him gifts and lap him with praise.…
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The US House has added a provision banning the Federal Reserve from issuing a central bank digital currency (CBDC) into a nearly 1,300-page bill setting the country’s defence policy for the 2026 fiscal year. A revision of HR 3838, the House’s version of a bill implementing the National Defense Authorization Act, was shared on Thursday…
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UK police are working to recover a victim’s funds after a scammer managed to steal 2.1 million British pounds ($2.8 million) worth of Bitcoin from them by impersonating a senior police officer. North Wales Police Cyber Crime team said on Tuesday it is investigating the Bitcoin (BTC) theft, saying the case “highlights a disturbing new…
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The derivatives arm of trading platform Robinhood has sued regulators in Nevada and New Jersey in a bid to head off potential enforcement action from the states over its sports event contracts. In a pair of complaints on Tuesday against Nevada and New Jersey gaming regulators and their attorneys general, Robinhood Derivatives said it started…
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The Federal Reserve’s top regulatory official says staff from the US central bank should be allowed to invest a small amount in crypto to help them understand the technology. Fed vice chair for supervision Michelle Bowman said at a blockchain event in Wyoming on Tuesday that the regulator should consider allowing its staff “to hold…
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The US state of New York may tax the sales and transfers of crypto and non-fungible tokens (NFTs), under a bill submitted in the state’s Assembly. Assembly Bill 8966, introduced on Wednesday by Democratic Assemblymember Phil Steck, would add a 0.2% excise tax on “digital asset transactions, including the sale or transfer of digital assets.”…
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A group of crypto and fintech executives has urged US President Donald Trump to block banks from charging fees for access to their customer data, arguing it stifles consumer choice. The letter sent to Trump on Wednesday accused large banks of looking to “preserve their market position by imposing exorbitant new ‘account access’ fees that…
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