Watchdog: Visa–Mastercard ‘duopoly’ spends millions blocking competition
According to a report, the two companies spent a combined $80 million lobbying against credit card competition acts.
According to a report, the two companies spent a combined $80 million lobbying against credit card competition acts.
Two crypto exchanges and two individuals have been sanctioned for ties to underground finance.
Terraform Labs plans to shut down several services by Oct. 30 unless third parties step in, following a wind-down after its SEC settlement in June.
Lower interest rates and accelerating crypto adoption are spurring more financial institutions to try Bitcoin-backed lending.
New York City Mayor Eric Adams said he would fight the federal criminal charges with “every ounce of my strength and spirit.”
Four people who are victims or family of victims of state terrorism sued the Justice Department, claiming it hasn’t put the appropriate funds from Binance’s settlement into a victim fund.
The now-bankrupt Silvergate Bank was forced to cap its crypto deposits at 15% under threat of being shut down by US regulators, claims Castle Island Ventures partner Nic Carter.
“Operation AI Comply” is part of the US federal agency’s latest round of enforcement actions against companies it claims used AI to harm consumers.
A spokesperson confirmed that Binance continues to serve a “limited number of existing Russian users” a year after announcing its full exit from Russia.
VARA CEO Matthew White said that clear and actionable guidance helps crypto providers deliver their services responsibly.