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U.S.
Republican Lawmakers File Amicus Brief in Support of Custodia Bank’s Legal Battle With the Federal Reserve
The Wyoming-based bank filed suit against the Federal Reserve in June, arguing that the Fed’s refusal to make a decision is unlawful and discriminatory against crypto institutions.
SEC's Crypto Guidance Pushes US Banks to Rethink Custody Projects: Report
The regulator suggests that customers' crypto assets should be treated as liabilities by lenders, which could be "prohibitively costly" for banks.
Coinbase App to Track US Politicians' Crypto-Friendliness Ahead of Midterm Elections
The trading platform's CEO Brian Armstrong says the company wants to help pro-crypto candidates solicit donations from the crypto community.
Judge Approves Use of Independent Examiner in Crypto Lender Celsius' Bankruptcy Case
The examiner will be appointed by the U.S. Trustee's office, a Department of Justice entity tasked with monitoring bankruptcies.
US Tribal Nation Economic Zone Publishes Draft Rules for DAOs
The Catawba Digital Economic Zone proposes allowing DAOs to be organized as unincorporated non-profits or limited liability companies.
Bitcoin Miner Marathon to Start Energizing Texas Rigs at Compute North Facility
The dramatic decline in bitcoin prices led to a $127.6 million impairment on the company's BTC holdings in the second quarter.
US Senate Republican Seeking Bipartisan Support for Stablecoin Oversight Effort
The ranking Republican on the Senate Banking Committee is talking to Democrats, including Chairman Sherrod Brown, to gain broader support.
Huobi Tech Subsidiary Is Granted US Money Transfer License
The license opens the door for the brokerage unit to offer cryptocurrency transactions in the future.
Derivatives' Old Guard Fights FTX Chief Over Plan to Cut Out Middlemen
FTX CEO Bankman-Fried testified at a House hearing, defending his CFTC proposal to directly clear customers’ margin-backed derivatives.
'Failure Should Be an Option,' US Sen. Pat Toomey Says of UST Turmoil
The Banking Committee’s top Republican doesn’t want asset-backed stablecoins tarnished by the UST drama.
