U.S. sues crypto ‘mixer’ to recover $60 million government penalty

Summary Companies Law firms Penalty imposed in 2020 over claims of anti-money laundering violations Founder pleaded guilty in related criminal case in D.C. (Reuters) – The U.S. Justice Department on Wednesday sued the indicted founder of a cryptocurrency “mixer” to recover a $60 million civil penalty that was imposed on him in 2020 by U.S. … Read more

Crypto’s Grayscale blasts SEC over ‘special harshness’ toward bitcoin trading

(Reuters) – Crypto asset manager Grayscale Investments LLC, which manages the world’s largest bitcoin investment fund, told a federal appeals court on Tuesday that the U.S. Securities and Exchange Commission is so suspicious of bitcoin spot trading that it blocked a proposal to make it easier and safer for investors to gain exposure to the … Read more

Senate bill would hand bitcoin, ether oversight to commodities regulator

Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 3 (Reuters) – A new bill introduced in the U.S. Senate would make the Commodity Futures Trading Commission … Read more