Congresswoman Maxine Waters Says She’s ‘Deeply Concerned’ About PayPal’s New Stablecoin – Crypto News
The top Democrat on the House Financial Service Committee criticized PayPal’s plans in a statement on Wednesday. Source link
US DoJ is concerned about a run on Binance should prosecutors bring fraud charges: Report – Crypto News
The United States Department of Justice is reportedly considering charging cryptocurrency exchange Binance with fraud, but hesitating based on costs to consumers.According to an Aug. 2 Semafor report citing people familiar with the matter, Justice Department officials are concerned about an indictment against
Congress members concerned SEC stifling innovation with crypto scrutiny – Crypto News
In a bipartisan letter put forward by Republican Minnesota Congressman Tom Emmer, a cohort of Congress members has written to Securities and Exchange Commission (SEC) Chairman Gary Gensler, challenging the regulator's scrutiny of cryptocurrency firms and expressing concern that “overburdensome” investigation may be
FCA Concerned Over Binance Gaining Access to UK Payment Network: Report – Crypto News
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Monero community concerned as leading mining pool nears 51% of ecosystem’s total hash rate – Crypto News
On Tuesday, privacy coin Monero (XMR) mining pool MineXMR's hash rate surpassed over 1.4 GH/s, accounting for 44% of the hash rate of the XMR network. MineXMR has about 13,000 miners and charges a 1% pool fee. According to a screenshot from Archive.org
Fed chair Jerome Powell says he isn’t concerned about crypto disrupting financial stability in the US – Crypto News
United States Federal Reserve chair Jerome Powell hinted that though the government agency should consider monitoring developments in the crypto space, he didn’t see cryptocurrencies as a financial stability concern for U.S. markets.Addressing a question on crypto from Michael Derby of the Wall