The US Office of the Comptroller of the Currency (OCC) issued guidance to banks confirming their authority to hold specific cryptocurrencies for the purpose of paying network gas fees. In a Tuesday notice, the OCC said US banks were allowed to hold crypto on their balance sheets to pay network, or gas fees, provided the…
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With the longest US government shutdown in the country’s history now over, some lawmakers have turned their attention to passing a digital asset market structure bill that could become a defining issue for many voters in the 2026 midterm elections. The US Senate Banking Committee and the Senate Agriculture Committee have released discussion drafts for…
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The company behind the largest Bitcoin treasury announced it had returned to buying large amounts of the cryptocurrency following a $835 million purchase. In a Monday filing with the US Securities and Exchange Commission, Michael Saylor’s Strategy reported acquiring 8,178 Bitcoin (BTC) for about $835 million. The purchase represented a significant increase compared to the…
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Michael Saylor, executive chair of Strategy, denied reports that the company was offloading some of its Bitcoin amid a flash crash in the cryptocurrency’s price. In a Friday X post, Saylor said that there was “no truth” to a report claiming that Strategy reduced its overall Bitcoin (BTC) holdings by about 47,000 BTC, or $4.6…
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Employees who were furloughed during the US government shutdown are expected to return to work at the Securities and Exchange Commission and Commodity Futures Trading Commission after 43 days away. According to the operations plans with the SEC and CFTC, staff are expected to return on Thursday, following US President Donald Trump’s signing of a…
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Anton and James Peraire-Bueno, two brothers indicted for their alleged role in money laundering and fraud involving a $25 million exploit of the Ethereum blockchain, could face a second trial as early as February. In a Monday filing in the US District Court for the Southern District of New York, lawyers representing the US government…
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US Securities and Exchange Commission Chair Paul Atkins spoke on how the regulator would handle enforcement of digital asset fraud under its “Project Crypto” initiative and legislation pending in Congress. In prepared remarks for a speech on Wednesday at the Federal Reserve Bank of Philadelphia, Atkins provided details about the agency’s plans to modernize its…
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Cryptocurrency exchange Coinbase will reincorporate to Texas from Delaware, a move highlighting the respective states’ legal and regulatory environments. In a Wednesday X post, Coinbase Chief Legal Officer Paul Grewal said the crypto exchange would move its incorporation to Texas. In a Wall Street Journal op-ed, Grewal wrote that the climate in Delaware’s courts had…
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Michael Selig, currently serving as chief counsel for the crypto task force at the US Securities and Exchange Commission, will face questioning from senators next week in a hearing to consider his nomination as the chair of the Commodity Futures Trading Commission. On Tuesday, the US Senate Agriculture Committee updated its calendar to include Selig’s…
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John Deaton, a lawyer who advocates for XRP holders and ran against Massachusetts Senator Elizabeth Warren in the 2024 US election, is making another bid for Congress. At a Monday event in Worcester, Massachusetts, Deaton announced that he would run for US Senate again in 2026, this time attempting to unseat Democratic Senator Ed Markey.…
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