Articles of Bitcoin in the US

SEC: IEO may be unregistered securities, the relevant exchange may need to apply for a stock exchange

The U.S. Securities and Exchange Commission (SEC) has a useful piece of advice for cryptocurrency projects: To make your token sales more secure, you need to do more than just change a letter. The SEC today urged cryptocurrency investors to "walk cautiously" before putting money into the IEO. It points out that online trading platforms […]

The new chairman of the CFTC issued a statement: We do not want to kill cryptocurrency innovation

The Chairman of the US Commodity Futures Trading Commission (CFTC) called for the implementation of “principle-oriented regulation” of cryptocurrencies. Heath Tarbert succeeded former President J. Christopher Giancarlo in July 2019. He said that adopting such a way of supervising digital assets would allow for a period of development and observation before adopting more targeted rules. […]

Member of Parliament: For innovations such as Bitcoin, the United States should give "yes" by default.

Congressman Patrick McHenry of the 10th District of North Carolina said he hopes the regulator's default response to cryptocurrency innovation is "yes" (ie, recognition). The senator is known as the "Mr. Financial Technology" of the Congress. In an interview yesterday, he described his views on the development of the cryptocurrency field, emphasizing that the huge […]

Telegram writes to investors: the delay in the hearing is a "positive step"

In a letter to investors, Telegram encouraged investors to consider the US Securities and Exchange Commission (SEC)'s postponement of its hearing to February next year as a "positive step." The letter issued on October 19th assured investors that after the rescheduling, the hearing will be held from February 18th to 19th. This is good news, […]

Telegram insists that Gram is not a security, former SEC legal counsel: this is just a struggle

Telegram today responded to the allegations of $1.7 billion in token sales in 2018 that violated US securities laws, responding that its "Gram" token was not a security. On the other hand, the company said in a document submitted to the Federal Court of Manhattan that the “purchase agreement” they signed with investors was a […]

Supervising bitcoin miners? Some experts have made a bad idea to the US Congress.

According to foreign media coindesk, an expert hearing today will tell a subcommittee of the US Senate that cryptocurrency helps promote human trafficking and therefore should be subject to stricter regulation. In a written testimony, David Murray, vice president of product development and services at Financial Integrity Network, suggested that Congress should establish a new […]

US government action escalates, blacklist of cryptocurrency addresses will grow longer

The US government is closely watching illegal activities related to Bitcoin and other cryptocurrencies. The cryptocurrency compliance expert said that the “blacklist” of blockchain addresses established by the government related to crime will definitely increase rapidly. On Wednesday, the US Treasury imposed sanctions on three Chinese “drugs”, and the government said they used bitcoin to […]

US Internal Revenue Service upgrades, sending credits to cryptocurrency users

The US Internal Revenue Service (IRS) is sending a new round of letters to cryptocurrency holders, this time in the letter listing the specific taxes owed by citizens. When the information on the taxpayer's return is inconsistent with the information obtained by the IRS from a third party, the IRS will issue an announcement CP2000. […]

The bank sent Bitcoin to employees and is now serving cryptocurrency companies.

A small bank in New York has begun to do business with cryptocurrency companies and has become a small group of US financial institutions willing to accept this field. Quontic Bank opened a current account for a Bitcoin ATM a few weeks ago and is currently working on a contract to provide banking services to […]

Hearing Prospects | Law Professor: The United States does not need cryptocurrency, only need to upgrade the system

Today, the US Senate Banking, Housing and Urban Affairs Committee will hold hearings on the regulatory issues of digital currency and blockchain. Mehrsa Baradaran, a law professor at the University of California, Irvine School of Law, will testify at this hearing. Currently, his testimony has been published. Baradaran mentioned in his testimony that cryptocurrencies such […]