US Officials Appeal Protections for Voyager Execs in Binance.US Sale
United States officials want to remove a provision included in bankrupt lender Voyager Digital’s plan to sell its digital assets to crypto exchange Binance.US that would prevent them from legally pursuing anyone involved with the sale. In a motion filed on March 14 in a New York Bankruptcy Court, U.S. Trustee William Harrington and other government attorneys argued: “the court improperly exceeded its statutory authority" in approving the pardoning. They requested the court's approval of the sale be delayed for two weeks to allow them to file an appeal. (Cointelegraph)
United States CBDC Would ‘Crowd Out’ Crypto Ecosystem: Ex-Biden Advisor
The creation of a United States digital dollar would “crowd out” the cryptocurrency ecosystem and protect the national security of the U.S. according to a former top advisor in president Joe Biden’s administration. Daleep Singh — a former Deputy National Security Advisor for International Economics in the Biden administration — made the comments at a Feb. 28 Senate Banking Committee hearing, suggesting that cryptocurrencies facilitate ransomware attacks and contribute to the evasion of U.S. sanctions. Singh believes the U.S. government embracing a Central Bank Digital Currency (CBDC) “is the single best step that we could take [to protect national interests] because it would crowd out the ecosystem of crypto.” (Cointelegraph)
US Regulatory Crackdown Leads to $32M Digital Asset Outflows: CoinShares
Institutional investors may have gotten the jitters on crypto in the wake of the regulatory crackdown in the United States, with digital asset investment products seeing the largest weekly outflow of 2023. On Feb. 20, institutional crypto fund manager CoinShares reported that digital asset investment products saw outflows totalling $32 million last week, the largest outflow of the year. (Cointelegraph)
El Salvador To Open a ‘Bitcoin Embassy’ in the United States
The world’s biggest cryptocurrency, Bitcoin (BTC), is connecting more countries as the government of El Salvador is opening a “Bitcoin Embassy” in the United States.
US Financial Regulators Warn Against Crypto Exposure in Retirement Accounts
Three financial watchdogs in the United States have issued a warning to investors considering certain individual retirement accounts with exposure to cryptocurrencies.
