According to the official website, the Securities Exchange Commission (SEC) has officially revoked the crypto accounting policy SAB 121.
According to CNN, US special counsel Jack Smith said Monday that he would drop an election subversion case against President-elect Donald Trump and sought to drop the case in a court filing with a judge. Trump has said he would fire Smith once he takes office, breaking with previous practice regarding special counsel investigations. "The Department of Justice's position is that, in accordance with the Constitution...
The California Department of Financial Protection and Innovation (DFPI) has announced the permanent revocation of the lending license of bankrupt cryptocurrency lending platform BlockFi. The decision comes two years after BlockFi filed for bankruptcy. The DFPI suspended BlockFi's license in November 2022 and has since conducted a comprehensive review of the company. BlockFi has agreed to accept license revocation and promised to stop illegal and unsafe business practices. The DFPI originally fin...
After Nigeria dropped charges against Binance executive Tigran Gambaryan and released him on Wednesday, the U.S. State Department announced that it has joined forces with Nigeria to establish the Bilateral Liaison Group on Illicit Finance and Cryptocurrencies to jointly combat cybercrime and cryptocurrency-related financial misconduct. The announcement said: "The United States works with global partners to promote cyberspace and digital technologies while combating and responding to malicious cy...
According to Tree News, the Nigerian government has dropped charges against Binance executives.