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

Zero Knowledge Technology: In Linea’s study, the journey to the main net

May 31, 2025

The AI ​​drive model seasplat improves coral reefs.

May 31, 2025

Bitcoin prices can be $ 2.5 million in 2025.

May 31, 2025
Add A Comment

Comments are closed.

Recent Posts

Zero Knowledge Technology: In Linea’s study, the journey to the main net

May 31, 2025

Blockchain.com Nigeria in the court ruling

May 31, 2025

Sharplink’s $ 1B Ether Leeum Bet: How to Change ETH’s Game

May 31, 2025

The AI ​​drive model seasplat improves coral reefs.

May 31, 2025

It is a Gold Fallor Safety Dynasty Status, but the path of Bitcoin can be brighter: analysts

May 31, 2025

Bitcoin prices can be $ 2.5 million in 2025.

May 31, 2025

SEC CRYPTO Stacking Guidance Victory on Industrial Regulations, approval of Staked ETF

May 31, 2025

Gala Game introduces a discounted town star badge mystery pack.

May 31, 2025

Bitcoin prices extend losses. Is it a bigger disadvantage on the horizon?

May 31, 2025

Director Trezor: What is the best hardware wallet in 2025?

May 31, 2025

The BNB chain reports the growth of the Defi and AI sectors in the new initiative.

May 31, 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

Zero Knowledge Technology: In Linea’s study, the journey to the main net

May 31, 2025

Blockchain.com Nigeria in the court ruling

May 31, 2025

Sharplink’s $ 1B Ether Leeum Bet: How to Change ETH’s Game

May 31, 2025
Most Popular

Bitget Launches TraderPro Program with Zero Investment, Double Profit Rewards

December 6, 2023

The best encryption in 2025? $ KNCH goes to the exchange list as demand increases.

May 28, 2025

Pump.fun fires his DEX and drops Raydium

March 20, 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.