An ancient Bitcoin investor is going to spend the next two years in prison after underreporting his BTC gains, according to the U.S. Department of Justice (DOJ). In a new press release, the DOJ says that Frank Richard Ahlgren III of Austin, Texas failed to accurately report the capital gains he earned after selling $3.7 […]
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Rep. French Hill says establishing a clear market structure for digital assets is one of his top three priorities as the newly elected House Financial Services Committee chairman. Hill (R-Arkansas), a staunch supporter of the crypto sector, secured the chairmanship earlier this week, taking over for retiring fellow GOP lawmaker Patrick McHenry (R-North Carolina). The […]
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One of the oldest central banks in England is giving companies until March 2025 to disclose their exposure to digital assets. In a new announcement, The Bank of England says that the Prudential Regulation Authority (PRA) – the UK’s financial regulator – is looking to gather data on firms’ current and future exposure to crypto […]
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Ukrainian legislators are reportedly likely to approve a proposed law that will legalize cryptocurrency in the country. Citing a statement from Danylo Hetmantsev, chairman of the unicameral parliament Verkhovna Rada’s Financial, Tax and Customs Policy Committee, the Ukrainian online newspaper Epravda reports there is a high probability that Ukraine will legalize cryptocurrency in the first […]
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Rep. French Hill, a staunch supporter of the crypto sector, secured the House Financial Services Committee chairmanship on Thursday. Hill (R-Arkansas) will take the reins from fellow GOP lawmaker Patrick McHenry (R-North Carolina), who didn’t seek reelection this year. McHenry is also a vocal digital asset advocate. Hill has an “A” rating from Stand With […]
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A member of the Texas House of Representatives just proposed a new legislation that will enable the Lone Star State to establish a strategic Bitcoin (BTC) reserve within its treasury. Republican state Representative Giovanni Capriglione filed the Texas Strategic Bitcoin Reserve Act on Thursday. The bill says the strategic Bitcoin reserve aligns with the state’s […]
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A US bank regulator says it’s shutting down a “legal loophole” that’s costing customers $5 billion in fees per year. The Consumer Financial Protection Bureau (CFPB) says a new rule will force large banks to either limit overdraft fees to $5, align them to actual costs and losses, or treat overdraft loans like other credit […]
The post US Bank Regulator Terminates ‘Legal Loophole’ That’s Draining $5,000,000,000 From Customer Accounts Per Year appeared first on The Daily Hodl.
The CEO of Wall Street titan Goldman Sachs reportedly says the investment bank is not diving into crypto without regulatory permission. According to Reuters, David Solomon says US regulations need to change before the bank can start holding and trading crypto assets. Says Solomon during an interview at the Reuters NEXT conference in New York, […]
The post Goldman Sachs CEO David Solomon Says Bank Needs Regulations To Change Before Looking at Crypto: Report appeared first on The Daily Hodl.
The U.S. Securities and Exchange Commission (SEC) is asking the public’s opinion on crypto firm Bitwise’s new exchange-traded product (ETP). In a new filing, the regulatory agency says it’s seeking comments from the public on Bitwise’s new exchange-traded fund (ETF), which would hold a combination of Bitcoin (BTC) and Ethereum (ETH), to advance its application. […]
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Ripple Labs’ newest stablecoin product has received final approval from a prominent New York regulator. In a post on the social media platform X, Ripple chief executive Brad Garlinghouse says that Ripple USD (RLUSD) – the firm’s new dollar-pegged crypto asset – has been approved by the New York Department of Financial Services (NYDFS). “This […]
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