US Attorney General Eric Holder Keeping an Eye on Bitcoin
US Attorney General Eric Holder believes bitcoin criminals pose a new set of challenges for law enforcement. During his testimony this morning before the House Judiciary Committee Holder said the US Justice Department is keeping track of bitcoin-related developments. Of course, this does not mean that the Justice Department is treating all bitcoin transactions as suspect. Holder stressed that the department is working with financial regulators in an effort to weed out the bad apples. Bitcoin can pose challenges for law enforcement. Holder's interest in bitcoin is focused solely on "bad....
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On April 8 Attorney General Eric Holder made a public address to US lawmakers stating that Bitcoin, as well as other currencies derived from it, is a provocative issue for law enforcement agencies, largely because it can be used to “conceal illegal activity”. Holder made this announcement before the House Judiciary Committee on Tuesday. According to his report the Department of Justice has united with financial regulators to develop a method to withstand users committing illegal actions using Bitcoin. Listed accusations include drug dealing, purchase of weapons and human trafficking.....
United States Attorney General Eric Holder has warned of potential criminal attraction to bitcoin and other virtual currencies, according to The Wall Street Journal (paywall). "More than ever before, the department's law-enforcement work today must contend with new and emerging technology, including virtual currencies such as bitcoin," Holder was quoted as saying to the House Judiciary Committee at a hearing on Tuesday. "Virtual currencies can pose challenges for law enforcement given the appeal they have among those seeking to conceal illegal activity." At the center of this "illegal....
New York Attorney General Letitia James has secured a court order to shut down cryptocurrency exchange Coinseed. The order also “permanently appoints the court receiver to obtain, safeguard, and return all assets invested and traded through” the exchange. New York Attorney General Letitia James Shuts Down Crypto Exchange The office of New York Attorney General Letitia James announced Monday that the attorney general has shut down cryptocurrency trading platform Coinseed. James has secured a judgment against Coinseed and its founder and CEO, Delgerdalai Davaasambuu,....
Bitfinex and Tether have been banned from operating in New York and must pay a fine of $18.5 million as part of a settlement with the New York Attorney General’s (NYAG’s) office over a case dating back to 2019. In a statement on Tuesday, NY Attorney General Letitia James accused the two entities of hiding severe losses from investors. “Bitfinex and Tether recklessly and unlawfully covered-up massive financial losses to keep their scheme going and protect their bottom lines,” said James. She continued: “Tether’s claims that its virtual currency was fully....
The attorney general of the District of Columbia has sued Microstrategy’s co-founder and executive chairman, Michael Saylor, for tax fraud. The lawsuit also names Microstrategy as a defendant “alleging that it conspired to help him evade taxes he legally owes.” Both Saylor and Microstrategy denied the allegations. The attorney general is seeking more than $100 million in unpaid taxes and penalties.
District of Columbia Sues Billionaire Michael Saylor and Microstrategy
The Office of the Attorney General (OAG) of the District of Columbia announced Wednesday....