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Author: Crypto Breaking News

SEC Chair Gensler’s Alleged Past Interest in Advising Binance Surfaces Amidst Legal Battle

Lawyers for Binance claim that current U.S. Securities and Exchange Commission (SEC) chair Gary Gensler once sought to become an advisor for the exchange back in 2019. This purported application occurred while Gensler was teaching at the Massachusetts Institute of Technology (MIT) and coincided with his discussion of the crypto network Algorand during a blockchain [...]

The post SEC Chair Gensler’s Alleged Past Interest in Advising Binance Surfaces Amidst Legal Battle appeared first on Crypto Breaking News.

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Fed Chair Warns of ‘Uncertain and Adverse’ Consequences of US Debt Default — ‘We’d Be in Uncharted Territory’

Author: Crypto Breaking News

United Kingdom

Source: Crypto Breaking News

May 06, 2023 05:50

Fed Chair Warns of ‘Uncertain and Adverse’ Consequences of US Debt Default — ‘We’d Be in Uncharted Territory’

Federal Reserve Chairman Jerome Powell has warned of “highly uncertain and adverse” economic consequences if the U.S. defaults on its debt obligations. “No one should assume that the Fed can protect the economy from the potential short and long-term effects of a failure to pay our bills on time,” he further cautioned. Fed Chair Jerome [...]

The post Fed Chair Warns of ‘Uncertain and Adverse’ Consequences of US Debt Default — ‘We’d Be in Uncharted Territory’ appeared first on Crypto Breaking News.

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US Judge Orders Kraken to Release Customer Data to IRS in Cryptocurrency Tax Probe

Author: btcethereumadmin

United States

Source: BTC Ethereum Crypto Currency Blog

Jul 01, 2023 01:20

US Judge Orders Kraken to Release Customer Data to IRS in Cryptocurrency Tax Probe

Kraken, the San Francisco-headquartered digital currency exchange, has received a court order from a U.S. judge requiring the release of customer data to the Internal Revenue Service (IRS). The court filing, submitted on Friday, states that the IRS is seeking details pertaining to accounts that registered an annual trading activity of $20,000 or higher during

The post US Judge Orders Kraken to Release Customer Data to IRS in Cryptocurrency Tax Probe appeared first on BTC Ethereum Crypto Currency Blog.

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CATEGORY: obligations