XRP enthusiasts seek to force White House’s hand on SEC suit
A longshot effort from the community hopes to solicit an official White House response As token prices plunge and Ripple prepares for court, a band of XRP enthusiasts have rallied around a petition that may force a White House statement on the recent SEC lawsuit alleging Ripple conducted an unregistered securities offering. A petition filed on the White House-run We the People website titled “We the People ask the federal government to deem XRP, the virtual currency, a currency,” has now crossed 10,000 signatures. Created by the Obama administration in 2011, We the People allows users to....
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Jared Huffman, a United States lawmaker who advocates for increased scrutiny of crypto-mining entities, has reportedly chastised U.S. energy agencies that he accuses of failing to act on the White House’s call on them to do “reliability assessments of current and projected crypto-asset mining operations on electricity system reliability and adequacy.” However, a commissioner at the Federal Energy Regulatory Commission, Allison Clements, insists crypto mining should not be singled out from grid studies. Agencies Reviewing White House Recommendations Jared Huffman, a....
Carl Mark Force IV was sentenced to 6.5 years in prison today. While Force's defense asked for a sentence beneath statutory guidelines as it contended that Force's behavior was caused by alcoholism and mental health issues, Judge Richard Seeborg is said to have been highly skeptical of this excuse. In addition to the prison sentence, Force will need to pay $340,000 in restitution. Thanks to Motherboard's Sarah Jeong (@sarahjeong) for reporting on the scene. The U. S. District Court for the Northern District of California is set to sentence 46-year-old Silk Road investigator Carl Mark Force....
Under the pretext of holding corrupt actors accountable, the new taskforce will address crimes related to the criminal misuse of cryptocurrency. The White House, under the Biden-Harris administration, introduced a five-pillar strategy to counter corruption as a part of the core United States national security interest. The strategy involves establishing a new task force to address potential illicit activities on crypto exchanges and other services that can serve as avenues for money laundering.With the motive to enhance enforcement of Anti-Money Laundering (AML) regulations, as well as....
Canada’s tax authority is reportedly asking a federal court to force cryptocurrency exchange Coinsquare to hand over information and certain documents on all of its users since the beginning of 2013. The Canadian crypto exchange has over 200,000 users. Canada Revenue Agency Wants Data on All Coinsquare Users The Canadian tax authority has asked a federal judge to force Coinsquare “to hand over information and certain documents about all its clients” since the beginning of 2013, the National Post reported on Friday, elaborating: The Canada Revenue Agency wants to know the....