Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Cryptocurrency regulatory developments: Congressional Review Act, DOJ fees, etc.
ADOPTION NEWS

Cryptocurrency regulatory developments: Congressional Review Act, DOJ fees, etc.

By Crypto FlexsMay 25, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cryptocurrency regulatory developments: Congressional Review Act, DOJ fees, etc.
Share
Facebook Twitter LinkedIn Pinterest Email





From May 5 to May 20, 2024, several significant regulatory actions and legal developments affecting the cryptocurrency industry have unfolded globally. These updates range from the passage of a Congressional Review Act resolution to indictments filed by the U.S. Department of Justice.

Congressional Review Act Resolution

According to a16z crypto, the House and Senate passed a bipartisan Congressional Review Act resolution to revoke the Securities and Exchange Commission’s (SEC) Employee Accounting Disclosure (SAB) 121. SAB 121 would require companies that secure consumer cryptocurrencies to show their funds as liabilities on their balance sheets. For a resolution to take effect, it must be signed by the President.

Justice Department prosecution

The Department of Justice (DOJ) charged the two brothers with conspiracy to commit wire fraud, wire fraud, and money laundering. The allegations relate to a scheme to exploit a flaw in MEV-Boost, an open source software that allows validators to outsource block production. This exploit allowed the brothers to fraudulently obtain $25 million worth of cryptocurrency.

Cryptocurrency mining facility closure

President Joe Biden has ordered the closure of MineOne, a cryptocurrency mining facility majority-owned by Chinese nationals and located near Warren Air Force Base in Wyoming. The President believes this poses a risk to American national security.

Commodity Futures Trading Commission Action

The Commodity Futures Trading Commission (CFTC) has settled charges against Falcon Labs for failing to register with the CFTC as a futures commission seller (FCM). This is the CFTC’s first action against an unregistered FCM that improperly facilitated access to digital asset exchanges.

Other developments

Other notable developments include actions by the Treasury Department, Securities and Exchange Commission, and the White House. Internationally, there have been developments in Canada, France, Indonesia, the Netherlands, the Philippines, the United Kingdom and the Bank for International Settlements.

The above information serves as a primer on the recent events affecting the cryptocurrency industry. The cryptocurrency regulatory environment is complex and rapidly evolving, so staying informed is important for anyone active in this space.

Image source: Shutterstock

. . .

tag


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

HyperLend Protocol Thanksgiving Summary -Ackee Blockchain

June 21, 2025

Byreal Launches With Strategic Support From Bybit On Solana

June 21, 2025

Currently the most searched Cryptocurrencies: The reason why this coin is attracting investors’ attention

June 21, 2025

Litecoin Key Support in Focus Price Eye Brake Out Determination

June 20, 2025

TUIMAX Secures U.S. MSB License To Build A Globally Trusted Trading Platform

June 20, 2025

Flipster And Aptos Foundation Partner To Drive Stablecoin Adoption And Unlock Multichain Opportunities

June 20, 2025

Pioneering Web3 Innovation With Rewards And Global Events

June 20, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Low volatility, Bitcoin is traded near $ 105K. Analysts provide a mixed view.

June 20, 2025

Encryption inheritance: Roundup -February 20125

June 19, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

HyperLend Protocol Thanksgiving Summary -Ackee Blockchain

June 21, 2025

Byreal Launches With Strategic Support From Bybit On Solana

June 21, 2025

Currently the most searched Cryptocurrencies: The reason why this coin is attracting investors’ attention

June 21, 2025
Most Popular

Telos and Web3 Incubator Atka Announce Strategic Partnership

March 11, 2024

Launch of Snapshot X, enabling gas-free on-chain voting via Starknet

September 9, 2024

Ether Leeum Whale is lost, but some buy more! – why?

March 5, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.