The state already has crypto miners, the bill to protect them still has to pass the house of representatives and be signed by the governor.
Category: Regulation News
Kraken reaches $30M settlement with SEC over staking as IRS seeks user information
“Kraken not only offered investors outsized returns untethered to any economic realities, but also retained the right to pay them no returns at all,” said […]
US banking giant BNY Mellon exec says digital assets ‘here to stay’
Despite most of the crypto market being down 60% from all-time highs, BNY Mellon head of digital assets Michael Demissie says the digital asset industry […]
Judge extends Sam Bankman-Fried’s bail restrictions on messaging apps: Report
The former FTX CEO’s bail restrictions will remain in place until Feb. 21 following the judge’s ruling to extend a ban on using certain messaging […]
New Hampshire could become an alternative for crypto firms moving to the Bahamas
A state commission recommended that New Hampshire eliminate the gray area in which cryptocurrency companies currently operate.
Crypto and securities: New interpretation of US Howey test gaining ground
Lewis Cohen headed a team researching Howey-related case law to propose an application that differentiates between primary and secondary transactions.
Tether assets exceed liabilities in new reserves report by BDO
As of Dec. 31, 2022, Tether’s consolidated assets amounted to at least $67 billion, exceeding consolidated liabilities by at least $960 million.
Russian government subsidies crypto mining facility in Siberia
The facility, which is to open this year, will possess 30,000 crypto mining machines, hire 100 workers and consume 100 megawatts from the power grid.
Getting rid of crypto staking would be a ‘terrible path’ for the US — Coinbase CEO
Banning retail crypto staking in the US would result in even more businesses moving offshore, argues the Coinbase co-founder.
Crypto exchange Kraken faces probe over possible securities violations: Report
The probe is reportedly looking at certain offerings that Kraken has made to its US customers that could be in breach of securities laws.