United States

Crypto / Digital Assets

Crypto Lender Abra Faces Regulatory Action in Texas

By Mark Johnston | 17/06/2023

The Texas State Securities Board alleges that Abra has been making false statements and transferring assets to risky platforms.

Market Infrastructure

Fed Launches Database of Firms With Access to Master Accounts

By Editors | 17/06/2023

The database also lists financial institutions that have requested access to master accounts and services, and the status of each request.

AML / KYC

US Judge Splits Bankman-Fried Charges into Two Separate Trials

By Manesh Samtani | 16/06/2023

Extradition from the Bahamas was agreed to based on only eight charges, not the full 13 charges Sam Bankman-Fried now faces.

Sanctions

OFAC Sanctions Two North Koreans Living in Beijing

By Editors | 16/06/2023

The husband and wife allegedly work for a North Korean state organisation that helps procure equipment for weapons programmes.

AML / KYC

US Lawmakers Introduce Bills to Increase FinCEN Accountability

By Editors | 15/06/2023

One of the bills will delay the effective date for the upcoming beneficial ownership information reporting requirements.

Enforcement

Bittrex Gets Court Approval to Allow Customer Withdrawals

By Mark Johnston | 14/06/2023

The DOJ had argued that allowing customer withdrawals would subordinate a government claim, but the court ruled in favour of Bittrex.

Crypto / Digital Assets

US SEC Responds to Court Order on Crypto Rulemaking

By Manesh Samtani | 14/06/2023

The SEC said it has not yet decided what action to take regarding Coinbase’s rulemaking petition, but that it will provide an update by 11 October 2023.

Capital / Liquidity

US Lawmaker Calls for Reversal of FSOC Plans for Nonbank FIs

By Editors | 14/06/2023

Patrick McHenry said the FSOC’s plans to designate non-bank financial entities as systemically important based on size rather than activities will be problematic.

Crypto / Digital Assets

US Federal Judge Declines to Freeze Binance.US Assets

By Editors | 14/06/2023

The federal judge overseeing the case ordered the SEC and Binance.US to negotiate other restrictions instead.