Welcome to Extreme Investor Network: Your Source for Exclusive Crypto News
At Extreme Investor Network, we strive to deliver unique and valuable information to our readers. Today, we are excited to bring you the latest updates in the world of cryptocurrency regulatory developments.
Congressional Review Act Resolution
Recently, the House of Representatives and the Senate passed a groundbreaking Congressional Review Act resolution that aims to undo the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121. This resolution has significant implications for firms safeguarding consumer crypto assets.
Department of Justice Charges
In a major legal development, the Department of Justice (DOJ) has charged two brothers with conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering. These charges are linked to a scheme involving the exploitation of a flaw in MEV-Boost, resulting in the fraudulent acquisition of $25 million worth of cryptocurrency.
Closure of Cryptocurrency Mining Facility
President Joe Biden has ordered the closure of MineOne, a cryptocurrency mining facility near the Warren Air Force Base in Wyoming. This action is based on national security concerns related to the facility’s ownership by Chinese nationals.
Commodity Futures Trading Commission Actions
The Commodity Futures Trading Commission (CFTC) recently settled charges against Falcon Labs for failing to register as a futures commission merchant (FCM). This marks an important development in the CFTC’s efforts to regulate digital asset exchanges.
Stay Informed with Extreme Investor Network
In addition to these key updates, there have been significant developments at the Department of the Treasury, the Securities and Exchange Commission, and internationally in countries such as Canada, France, and the United Kingdom. With the crypto regulatory landscape evolving rapidly, it is essential to stay informed and knowledgeable about the latest developments in the industry.
Keep checking back with Extreme Investor Network for exclusive insights, analysis, and updates on all things crypto. Our team of experts is dedicated to providing you with the most relevant and valuable information to help you navigate the complex world of cryptocurrency.
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