Robert Francis Kennedy Jr., the 35th US president’s nephew and a current election race contestant, reportedly owning a range of BTC from $100,001 to $250,000, had its financial report revealed by CNBC in late June.
Anthony Scaramucci has declared that FTX founder Sam Bankman-Fried (SBF) has inadvertently caused excessive regulation in the US cryptocurrency industry.
The Nevada Department of Business and Industry has filed a petition with the court to prevent Prime Trust’s crypto custodian from engaging in further business operations.
Brian Armstrong, CEO of US crypto exchange Coinbase, believes that the upcoming 2024 US presidential election could drastically change the legal status of the crypto industry.
Crypto custodian Prime Trust has been issued a directive from the Nevada Department of Business and Industry that requires it to suspend fiat and digital asset deposits and withdrawals.
The House Financial Services Committee is due to start debating two proposed laws in the second week of July that seek to create a distinct path for digital assets to transition from security investments to commodities with lower reporting and regulatory requirements.
The FDIC has accused OKCoin of making misleading statements about deposit insurance.
