cryptocurrency

WASHINGTON — The U.S. Justice Department disbanded its cryptocurrency fraud unit Monday in a continuing downgrade by the Trump administration of regulatory enforcement. The Justice Department said it plans to continue prosecuting cryptocurrency fraudsters but to pursue them as individuals... Read More

WASHINGTON — Cryptocurrency industry leaders gathered at the White House Friday for a first-ever meeting with President Donald Trump and Treasury Department officials on how to leverage bitcoin and other blockchain investments as national assets. They are asking for new... Read More

WASHINGTON — President Donald Trump will host the White House’s first-ever “crypto summit” on Friday, a session expected to be attended by prominent founders, CEOs and investors from the cryptocurrency universe, as well as members of the President’s Working Group... Read More

WASHINGTON — Copies of letters released Friday by the Federal Deposit Insurance Corporation are being interpreted by the cryptocurrency industry to mean the bank regulator was trying to interfere with development of the market. The FDIC sent the letters to... Read More

WASHINGTON — Financial experts told a congressional subcommittee Wednesday that cryptocurrency is ready to be incorporated into traditional markets and industries through pending federal legislation. If the proposals to expand use of cryptocurrency are approved by Congress, it could become... Read More

WASHINGTON — Rep. Madison Cawthorn, R-N.C., may have only weeks left in Congress, but he’ll be leaving lighter in the wallet than he might have expected. On Tuesday, after a seven-month investigation, a House Ethics panel concluded there is “substantial... Read More

WASHINGTON — The Biden administration released a slew of reports Friday detailing how the government should regulate cryptocurrencies, and even create a central bank digital currency. The reports state regulators should continue to use their powers to aggressively pursue enforcement... Read More

WASHINGTON — As Congress contemplates sweeping oversight legislation to cryptocurrency, industry leaders are welcoming those potential guardrails. It’s important to “strike the right balance of acting quickly in the United States to establish this clarity and also the appropriate guardrails... Read More

WASHINGTON — Eleven people were charged in a $300 million cryptocurrency Ponzi scheme targeting Americans and people abroad Monday by the Securities and Exchange Commission. They were charged of fraud for their blockchain networking company, Forsage, promoting itself as the... Read More

LOS ANGELES, Calif. — A cryptocurrency CEO pleaded guilty to fraud Friday, according to a statement from the Department of Justice. Michael Alan Stollery, 54, of Reseda, California, was the CEO of Titanium Blockchain Infrastructure Services Inc. TBIS raised $21... Read More

WASHINGTON — Charlene Fadirepo, who has worked in banking for about two decades, is one of the millions of Americans who started investing in cryptocurrencies when stuck at home at the start of the pandemic. “As a traditional banker, once... Read More

WASHINGTON (AP) — Wide-ranging bipartisan legislation unveiled Tuesday would regulate cryptocurrencies and other digital assets following a series of high-profile busts and failures. It’s unclear, though, whether the bill proposed by Sens. Kirsten Gillibrand, D-N.Y., and Cynthia Lummis, R-Wyo., can clear Congress,... Read More

WASHINGTON — The House Ethics Committee announced Monday that it has begun an investigation into allegations Rep. Madison Cawthorn, R-N.C., improperly promoted a cryptocurrency and engaged in an “inappropriate relationship” with a member of his staff. The committee did not... Read More

WASHINGTON (AP) — Erin Houchin braced for the worst when a mysterious, well-financed group started buying television ads last month in her highly competitive southern Indiana congressional race. Houchin assumed she would face a negative blitz, like the one that... Read More

HELENA, Mont. (AP) — For the past year a company that “mines” cryptocurrency had what seemed the ideal location for its thousands of power-thirsty computers working around the clock to verify bitcoin transactions: the grounds of a coal-fired power plant... Read More

WASHINGTON (AP) — The Justice Department announced Tuesday its largest-ever financial seizure — more than $3.5 billion — and the arrests of a New York couple accused of conspiring to launder billions of dollars in cryptocurrency stolen from the 2016... Read More

NEW YORK — A key lawsuit pending in New York is moving toward a judgment expected to influence the extent the booming cryptocurrency market can remain largely unregulated. The Securities and Exchange Commission argues that Bitcoin, Ethereum and other cryptocurrencies... Read More

SAN ANTONIO — Mayors Eric Adams of New York City and Francis Suarez of Miami, Florida, who have publicly championed the benefits of cryptocurrency, now have turned to the digital tender as a means of public fundraising. CityCoins are a... Read More

WASHINGTON — A Senate panel discussed strategies Tuesday for the U.S. government to participate in the growth of cryptocurrencies but to avoid economic calamities. Financial advisors told the Senate Banking, Housing and Urban Affairs Committee they face a daunting task.... Read More

WASHINGTON -- The Biden administration is taking steps to address the growing threat of cybercrime while considering whether to issue an executive order on issues surrounding the illicit use of cryptocurrency. A White House National Security Council spokesperson said in... Read More

BEIJING (AP) — China's central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money. Chinese banks were banned from handling cryptocurrencies in 2013, but the... Read More

Cryptocurrencies have the potential to decentralize systems of commerce across the world, leading to vast peer-to-peer markets absent of manipulation.   In order for this to come to fruition, Sheila Warren, head of data, blockchain and digital assets and member of... Read More

WASHINGTON — Facebook CEO Mark Zuckerberg faced a threat to break up his company as a congressional hearing opened on the social media giant’s proposal to establish a cryptocurrency, Libra. The cryptocurrency proposal drew scrutiny due to Facebook Inc.’s enormous... Read More