Bankruptcy
Federal Reserve shuts down Farmington Bank over unapproved stablecoin project
The bank worked with Fluent Finance on its US+ stablecoin in 2022 but did not seek Fed approval before beginning the project.
Mike Dalton 2 min read
US News
SEC and CFTC actions, state policy, ETFs, startups, and nationwide crypto market trends.
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Legal
SEC permitted to move for interlocutory appeal against Ripple
The SEC will need to file its motion for appeal by Aug. 18, while Ripple will need to file its opposition papers by Sept. 1. The SEC will need to file any reply by Sept. 8.
Stablecoins
Tether stops minting USDT on three blockchains, including Bitcoin’s Omni Layer
The Bitcoin version of USDT will soon be available on a new network called RGB.
Latest US Crypto News & Analysis
Adoption
Grayscale hiring for its ETF team as markets await SEC decision
Recent reports indicate that a pivotal decision regarding Grayscale's case with the SEC could be announced imminently.
Investments
BitGo vaults ahead in crypto custody space, valued at $1.75B following fresh funding rounds
Amid tough market conditions, Bitgo's regulatory focus attracts $100M in funding
Legal
Former SEC official comments on Binance.US’ request for protection
Former Chief of Internet Enforcement at the SEC, John Reed Stark, has commented that the issue will likely be resolved through a compromise.
Legal
Ripple files opposition to SEC’s expected appeal
Ripple has argued that the U.S. Securities and Exchange Commission's earlier request for an interlocutory appeal is unjustified and should not proceed.
Regulation
CFTC Chair Rostin Behnam weighs in on crypto regulations
Behnam said, “the market seems to want some kind of regulatory framework," though his views may be somewhat at odds with other regulators.
Exchanges
Bittrex bypasses US clients amid regulatory haze, CEO highlights global scope
Bittrex Global CEO Oliver Linch has stated that his company does not accept U.S. customers.
More US Crypto News Headlines
Regulation
CFTC greenlights Coinbase as first spot crypto platform to offer regulated futures to U.S. customers
Adoption
Blockchain powered Helium Mobile launches $5 unlimited decentralized data plan
AI
Turn drone footage into 3D metaverses as Nvidia launches new AI tool
Crime
