United States

Crypto / Digital Assets

US Treasury Publishes Illicit Finance Risk Assessment on NFTs

By Editors | 30/05/2024

NFTs are “highly susceptible” to use in fraud and scams, but “rarely” used for proliferation financing or terrorist financing.

ESG / Sustainability

US Unveils Plans to Develop Voluntary Carbon Markets

By Nithya Subramanian | 29/05/2024

The Biden Administration unveiled a Joint Policy Statement and Principles as part of broader efforts to encourage the development of VCMs.

Sanctions

OFAC Sanctions Thai Firms Linked to Cybercrime Network

By Editors | 29/05/2024

Three Chinese individuals and three Thai companies were sanctioned over their links to a malicious botnet called 911 S5.

Enforcement

Former FTX Executive Sentenced to 7.5 Years in Prison

By Editors | 29/05/2024

Former FTX executive Ryan Salame was also ordered to pay more than $6mn in forfeiture and more than $5mn in restitution.

Securities / Derivatives

US Adopts T+1 Settlement Cycle for Securities Transactions

By Editors | 28/05/2024

Canada, Mexico, Argentina and Jamaica implemented a T+1 settlement cycle on Monday and the US on Tuesday.

Crypto / Digital Assets

US House Passes Legislation to Block Fed-Issued CBDC

By Mark Johnston | 28/05/2024

The CBDC Anti-Surveillance State Act aims to halt the Federal Reserve’s efforts towards developing a digital dollar.

Crypto / Digital Assets

US SEC Approves Rule Change for Spot Ether ETFs

By Editors | 27/05/2024

The rule change coincides with a deadline for the SEC to decide whether the VanEck Ethereum ETF could proceed.

Sanctions

Russian President Signs Decree Allowing Confiscation of US Assets

By Editors | 24/05/2024

Russian entities impacted by sanctions can seek compensation through US-owned properties, companies, bank accounts, or shares located in Russia.

Crypto / Digital Assets

US House of Representatives Passes Digital Assets Bill

By Nithya Subramanian | 24/05/2024

The legislation provides a clear process to determine which digital asset transactions are subject to the SEC’s and CFTC’s jurisdiction.