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SEC Commissioner Hester Peirce, who is leading the agency’s Crypto Task Force, said earlier this month that many memecoins “probably do not have a home in the SEC under our current set of regulations.”
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“The Division will evaluate the economic realities of the particular transaction,” it said.
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FBI Assistant Director in Charge James E. Dennehy said the OKX affiliate went as far as advising individuals to provide false information to circumvent requisite procedures.
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For example, the California State Teachers Retirement System holds 264,713 MSTR shares worth roughly $76 million. Florida’s State Board of Administration has scooped up 160,470 shares worth around $46 million.
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At least one of the biggest names associated with crypto-related crimes may be released in 2025 after the inauguration of President-elect Donald Trump. As a presidential candidate, Trump promised to commute the sentence of Silk Road founder Ross Ulbricht, who is currently serving life at a US penitentiary in Tucson.
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“When we asked them to fix their supposed reasonable interpretation and stop playing word games, they told us it would take at least a year,” Grewal added.
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https://warpcast.com/rubyfil9117/0xcaac0fb8
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The FDIC argued in its Jan. 17 status report that it has complied with the FOIA request by producing all relevant documents and conducted the necessary search of letters shared with the FDIC Office of Inspector General between March 2022 and May 2023.
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The SEC, in a filing the same day, said that “neither the SEC’s Crypto Task Force nor the current administration’s stance on the crypto industry should have any effect” on the case as it does not relate to crypto regulation and it didn’t allege the pair sold cryptocurrencies.
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https://warpcast.com/rubyfil9117/0x09e8b250
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https://warpcast.com/jodienny01983/0xa9d2052f
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https://warpcast.com/jodienny01983/0xab859dba
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Trump has promised to ease regulatory enforcement of the crypto industry, and the SEC last month set up a crypto task force to engage with the industry and has paused some of its crypto-related lawsuits.
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Trump has promised to ease regulatory enforcement of the crypto industry, and the SEC last month set up a crypto task force to engage with the industry and has paused some of its crypto-related lawsuits.
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However, he alleges that FDIC limited “their search for pause letters to only those contained in the report — so other pause letters may exist.”
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The 25 FDIC letters that were shared seemingly advised financial institutions to halt their crypto operations until the agency completed regulatory reviews as part of what the crypto industry believes was a concerted effort to cut off crypto-related firms from banking services dubbed “Operation Chokepoint 2.0.”
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The firm claimed that “public whistleblower allegations have surfaced” that alleged the agency “systematically thwarts FOIA requests,” which it said resulted in the FDIC failing to hand over at least 150 documents related to its FOIA request.
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In a Jan. 17 status report to a Washington, DC, federal court, History Associates said the FDIC “may have omitted additional pause letters entirely” and that it plans to update its lawsuit with new allegations.
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United States lawmakers who benefitted from support from the cryptocurrency industry in their respective 2024 primaries or elections will soon be sworn into office for the 119th session of Congress.
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From a $6,600 individual contribution from Ripple co-founder Chris Larsen to Maryland Senator Angela Alsobrooks to more than $10 million from the Protect Progress PAC — also a Fairshake affiliate — to support Michigan Senator Elissa Slotkin, crypto money arguably influenced the composition of the next US Senate just as much if not more than other special interest groups.
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