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A Treasury Department official explicitly connected recent events in the Middle East to the Treasury's decision to tighten its policy. Deputy Treasury Secretary Wally Adeyemo stated that this action underscores the commitment to combating the illicit use of cryptocurrency mixing by various nefarious actors, including state-affiliated cyber groups, cybercriminals, and terrorist organizations like Hamas.<\/p>\n\n\n\n

Nevertheless, many in the crypto industry oppose such measures. Sanctions against Tornado Cash last year were contested as an unlawful threat to user privacy. Industry leaders and analysts are now challenging the narrative that crypto is disproportionately responsible for the Israel-Palestine crisis or poses greater security threats than traditional banking systems.<\/p>\n","post_title":"U.S. Treasury Targets Cryptocurrency Mixers As Money-Laundering Tool","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-treasury-targets-cryptocurrency-mixers-as-money-laundering-tool","to_ping":"","pinged":"","post_modified":"2023-10-24 00:30:47","post_modified_gmt":"2023-10-23 13:30:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13951","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 5 6 7 8 9 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Right or wrong?<\/h2>\n\n\n\n

A Treasury Department official explicitly connected recent events in the Middle East to the Treasury's decision to tighten its policy. Deputy Treasury Secretary Wally Adeyemo stated that this action underscores the commitment to combating the illicit use of cryptocurrency mixing by various nefarious actors, including state-affiliated cyber groups, cybercriminals, and terrorist organizations like Hamas.<\/p>\n\n\n\n

Nevertheless, many in the crypto industry oppose such measures. Sanctions against Tornado Cash last year were contested as an unlawful threat to user privacy. Industry leaders and analysts are now challenging the narrative that crypto is disproportionately responsible for the Israel-Palestine crisis or poses greater security threats than traditional banking systems.<\/p>\n","post_title":"U.S. Treasury Targets Cryptocurrency Mixers As Money-Laundering Tool","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-treasury-targets-cryptocurrency-mixers-as-money-laundering-tool","to_ping":"","pinged":"","post_modified":"2023-10-24 00:30:47","post_modified_gmt":"2023-10-23 13:30:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13951","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 5 6 7 8 9 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

However, the new announcement automatically labels any international cryptocurrency mixer as a national security risk, irrespective of its usage context. The decision is notably linked to the ongoing Israel-Palestine crisis, where crypto has been linked to the funding of attacks by Hamas.<\/p>\n\n\n\n

Right or wrong?<\/h2>\n\n\n\n

A Treasury Department official explicitly connected recent events in the Middle East to the Treasury's decision to tighten its policy. Deputy Treasury Secretary Wally Adeyemo stated that this action underscores the commitment to combating the illicit use of cryptocurrency mixing by various nefarious actors, including state-affiliated cyber groups, cybercriminals, and terrorist organizations like Hamas.<\/p>\n\n\n\n

Nevertheless, many in the crypto industry oppose such measures. Sanctions against Tornado Cash last year were contested as an unlawful threat to user privacy. Industry leaders and analysts are now challenging the narrative that crypto is disproportionately responsible for the Israel-Palestine crisis or poses greater security threats than traditional banking systems.<\/p>\n","post_title":"U.S. Treasury Targets Cryptocurrency Mixers As Money-Laundering Tool","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-treasury-targets-cryptocurrency-mixers-as-money-laundering-tool","to_ping":"","pinged":"","post_modified":"2023-10-24 00:30:47","post_modified_gmt":"2023-10-23 13:30:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13951","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 5 6 7 8 9 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

This proposal signifies a significant shift in the U.S. government's stance on crypto mixers. Last year, the Treasury Department imposed sanctions on Tornado Cash, a mixer used for private transactions on the Ethereum network. The move was based on the platform's association with entities hostile to the U.S., including the Lazarus Group, a North Korean hacking group.<\/p>\n\n\n\n

However, the new announcement automatically labels any international cryptocurrency mixer as a national security risk, irrespective of its usage context. The decision is notably linked to the ongoing Israel-Palestine crisis, where crypto has been linked to the funding of attacks by Hamas.<\/p>\n\n\n\n

Right or wrong?<\/h2>\n\n\n\n

A Treasury Department official explicitly connected recent events in the Middle East to the Treasury's decision to tighten its policy. Deputy Treasury Secretary Wally Adeyemo stated that this action underscores the commitment to combating the illicit use of cryptocurrency mixing by various nefarious actors, including state-affiliated cyber groups, cybercriminals, and terrorist organizations like Hamas.<\/p>\n\n\n\n

Nevertheless, many in the crypto industry oppose such measures. Sanctions against Tornado Cash last year were contested as an unlawful threat to user privacy. Industry leaders and analysts are now challenging the narrative that crypto is disproportionately responsible for the Israel-Palestine crisis or poses greater security threats than traditional banking systems.<\/p>\n","post_title":"U.S. Treasury Targets Cryptocurrency Mixers As Money-Laundering Tool","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-treasury-targets-cryptocurrency-mixers-as-money-laundering-tool","to_ping":"","pinged":"","post_modified":"2023-10-24 00:30:47","post_modified_gmt":"2023-10-23 13:30:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13951","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 5 6 7 8 9 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

If the proposed rule is accepted, it will compel financial institutions to report any transactions involving crypto mixers. This includes domestic or international if there are suspicions of money laundering. The policy is now open for a 90-day public comment period.<\/p>\n\n\n\n

This proposal signifies a significant shift in the U.S. government's stance on crypto mixers. Last year, the Treasury Department imposed sanctions on Tornado Cash, a mixer used for private transactions on the Ethereum network. The move was based on the platform's association with entities hostile to the U.S., including the Lazarus Group, a North Korean hacking group.<\/p>\n\n\n\n

However, the new announcement automatically labels any international cryptocurrency mixer as a national security risk, irrespective of its usage context. The decision is notably linked to the ongoing Israel-Palestine crisis, where crypto has been linked to the funding of attacks by Hamas.<\/p>\n\n\n\n

Right or wrong?<\/h2>\n\n\n\n

A Treasury Department official explicitly connected recent events in the Middle East to the Treasury's decision to tighten its policy. Deputy Treasury Secretary Wally Adeyemo stated that this action underscores the commitment to combating the illicit use of cryptocurrency mixing by various nefarious actors, including state-affiliated cyber groups, cybercriminals, and terrorist organizations like Hamas.<\/p>\n\n\n\n

Nevertheless, many in the crypto industry oppose such measures. Sanctions against Tornado Cash last year were contested as an unlawful threat to user privacy. Industry leaders and analysts are now challenging the narrative that crypto is disproportionately responsible for the Israel-Palestine crisis or poses greater security threats than traditional banking systems.<\/p>\n","post_title":"U.S. Treasury Targets Cryptocurrency Mixers As Money-Laundering Tool","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-treasury-targets-cryptocurrency-mixers-as-money-laundering-tool","to_ping":"","pinged":"","post_modified":"2023-10-24 00:30:47","post_modified_gmt":"2023-10-23 13:30:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13951","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 5 6 7 8 9 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The U.S. Treasury Department has unveiled plans<\/a> to categorize all cryptocurrency \"mixers\" as potential money-laundering hubs. The announcement cites threats to national security. <\/p>\n\n\n\n

If the proposed rule is accepted, it will compel financial institutions to report any transactions involving crypto mixers. This includes domestic or international if there are suspicions of money laundering. The policy is now open for a 90-day public comment period.<\/p>\n\n\n\n

This proposal signifies a significant shift in the U.S. government's stance on crypto mixers. Last year, the Treasury Department imposed sanctions on Tornado Cash, a mixer used for private transactions on the Ethereum network. The move was based on the platform's association with entities hostile to the U.S., including the Lazarus Group, a North Korean hacking group.<\/p>\n\n\n\n

However, the new announcement automatically labels any international cryptocurrency mixer as a national security risk, irrespective of its usage context. The decision is notably linked to the ongoing Israel-Palestine crisis, where crypto has been linked to the funding of attacks by Hamas.<\/p>\n\n\n\n

Right or wrong?<\/h2>\n\n\n\n

A Treasury Department official explicitly connected recent events in the Middle East to the Treasury's decision to tighten its policy. Deputy Treasury Secretary Wally Adeyemo stated that this action underscores the commitment to combating the illicit use of cryptocurrency mixing by various nefarious actors, including state-affiliated cyber groups, cybercriminals, and terrorist organizations like Hamas.<\/p>\n\n\n\n

Nevertheless, many in the crypto industry oppose such measures. Sanctions against Tornado Cash last year were contested as an unlawful threat to user privacy. Industry leaders and analysts are now challenging the narrative that crypto is disproportionately responsible for the Israel-Palestine crisis or poses greater security threats than traditional banking systems.<\/p>\n","post_title":"U.S. Treasury Targets Cryptocurrency Mixers As Money-Laundering Tool","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-treasury-targets-cryptocurrency-mixers-as-money-laundering-tool","to_ping":"","pinged":"","post_modified":"2023-10-24 00:30:47","post_modified_gmt":"2023-10-23 13:30:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13951","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 5 6 7 8 9 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Meanwhile, investors are upbeat on the price of Bitcoin amid the expectation of the first spot ETF. The cryptocurrency surged past the $30,000 mark to the highest trading level in nearly four months. Investors anticipate the SEC could approve the first spot Bitcoin ETF by the end of the year or early 2024.<\/p>\n","post_title":"U.S. Court Makes A Final Ruling Overturning SEC\u2019s Rejection Of Grayscale\u2019s Spot ETF\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-court-makes-a-final-ruling-overturning-secs-rejection-of-grayscales-spot-etf","to_ping":"","pinged":"","post_modified":"2023-10-29 23:29:27","post_modified_gmt":"2023-10-29 12:29:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13995","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13951,"post_author":"15","post_date":"2023-10-24 00:30:10","post_date_gmt":"2023-10-23 13:30:10","post_content":"\n

The U.S. Treasury Department has unveiled plans<\/a> to categorize all cryptocurrency \"mixers\" as potential money-laundering hubs. The announcement cites threats to national security. <\/p>\n\n\n\n

If the proposed rule is accepted, it will compel financial institutions to report any transactions involving crypto mixers. This includes domestic or international if there are suspicions of money laundering. The policy is now open for a 90-day public comment period.<\/p>\n\n\n\n

This proposal signifies a significant shift in the U.S. government's stance on crypto mixers. Last year, the Treasury Department imposed sanctions on Tornado Cash, a mixer used for private transactions on the Ethereum network. The move was based on the platform's association with entities hostile to the U.S., including the Lazarus Group, a North Korean hacking group.<\/p>\n\n\n\n

However, the new announcement automatically labels any international cryptocurrency mixer as a national security risk, irrespective of its usage context. The decision is notably linked to the ongoing Israel-Palestine crisis, where crypto has been linked to the funding of attacks by Hamas.<\/p>\n\n\n\n

Right or wrong?<\/h2>\n\n\n\n

A Treasury Department official explicitly connected recent events in the Middle East to the Treasury's decision to tighten its policy. Deputy Treasury Secretary Wally Adeyemo stated that this action underscores the commitment to combating the illicit use of cryptocurrency mixing by various nefarious actors, including state-affiliated cyber groups, cybercriminals, and terrorist organizations like Hamas.<\/p>\n\n\n\n

Nevertheless, many in the crypto industry oppose such measures. Sanctions against Tornado Cash last year were contested as an unlawful threat to user privacy. Industry leaders and analysts are now challenging the narrative that crypto is disproportionately responsible for the Israel-Palestine crisis or poses greater security threats than traditional banking systems.<\/p>\n","post_title":"U.S. Treasury Targets Cryptocurrency Mixers As Money-Laundering Tool","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-treasury-targets-cryptocurrency-mixers-as-money-laundering-tool","to_ping":"","pinged":"","post_modified":"2023-10-24 00:30:47","post_modified_gmt":"2023-10-23 13:30:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13951","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 5 6 7 8 9 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Excitement grew in the cryptocurrency market<\/a> as analysts project spot Bitcoin approvals after the final court ruling. SEC has other spot ETF filings from leading asset managers such as BlackRock and Fidelity. A potential approval of GBTC conversion is expected to greenlight other filings. <\/p>\n\n\n\n

Meanwhile, investors are upbeat on the price of Bitcoin amid the expectation of the first spot ETF. The cryptocurrency surged past the $30,000 mark to the highest trading level in nearly four months. Investors anticipate the SEC could approve the first spot Bitcoin ETF by the end of the year or early 2024.<\/p>\n","post_title":"U.S. Court Makes A Final Ruling Overturning SEC\u2019s Rejection Of Grayscale\u2019s Spot ETF\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-court-makes-a-final-ruling-overturning-secs-rejection-of-grayscales-spot-etf","to_ping":"","pinged":"","post_modified":"2023-10-29 23:29:27","post_modified_gmt":"2023-10-29 12:29:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13995","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13951,"post_author":"15","post_date":"2023-10-24 00:30:10","post_date_gmt":"2023-10-23 13:30:10","post_content":"\n

The U.S. Treasury Department has unveiled plans<\/a> to categorize all cryptocurrency \"mixers\" as potential money-laundering hubs. The announcement cites threats to national security. <\/p>\n\n\n\n

If the proposed rule is accepted, it will compel financial institutions to report any transactions involving crypto mixers. This includes domestic or international if there are suspicions of money laundering. The policy is now open for a 90-day public comment period.<\/p>\n\n\n\n

This proposal signifies a significant shift in the U.S. government's stance on crypto mixers. Last year, the Treasury Department imposed sanctions on Tornado Cash, a mixer used for private transactions on the Ethereum network. The move was based on the platform's association with entities hostile to the U.S., including the Lazarus Group, a North Korean hacking group.<\/p>\n\n\n\n

However, the new announcement automatically labels any international cryptocurrency mixer as a national security risk, irrespective of its usage context. The decision is notably linked to the ongoing Israel-Palestine crisis, where crypto has been linked to the funding of attacks by Hamas.<\/p>\n\n\n\n

Right or wrong?<\/h2>\n\n\n\n

A Treasury Department official explicitly connected recent events in the Middle East to the Treasury's decision to tighten its policy. Deputy Treasury Secretary Wally Adeyemo stated that this action underscores the commitment to combating the illicit use of cryptocurrency mixing by various nefarious actors, including state-affiliated cyber groups, cybercriminals, and terrorist organizations like Hamas.<\/p>\n\n\n\n

Nevertheless, many in the crypto industry oppose such measures. Sanctions against Tornado Cash last year were contested as an unlawful threat to user privacy. Industry leaders and analysts are now challenging the narrative that crypto is disproportionately responsible for the Israel-Palestine crisis or poses greater security threats than traditional banking systems.<\/p>\n","post_title":"U.S. Treasury Targets Cryptocurrency Mixers As Money-Laundering Tool","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-treasury-targets-cryptocurrency-mixers-as-money-laundering-tool","to_ping":"","pinged":"","post_modified":"2023-10-24 00:30:47","post_modified_gmt":"2023-10-23 13:30:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13951","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 5 6 7 8 9 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Spot ETF Approvals Boost Market Sentiment<\/h2>\n\n\n\n

Excitement grew in the cryptocurrency market<\/a> as analysts project spot Bitcoin approvals after the final court ruling. SEC has other spot ETF filings from leading asset managers such as BlackRock and Fidelity. A potential approval of GBTC conversion is expected to greenlight other filings. <\/p>\n\n\n\n

Meanwhile, investors are upbeat on the price of Bitcoin amid the expectation of the first spot ETF. The cryptocurrency surged past the $30,000 mark to the highest trading level in nearly four months. Investors anticipate the SEC could approve the first spot Bitcoin ETF by the end of the year or early 2024.<\/p>\n","post_title":"U.S. Court Makes A Final Ruling Overturning SEC\u2019s Rejection Of Grayscale\u2019s Spot ETF\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-court-makes-a-final-ruling-overturning-secs-rejection-of-grayscales-spot-etf","to_ping":"","pinged":"","post_modified":"2023-10-29 23:29:27","post_modified_gmt":"2023-10-29 12:29:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13995","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13951,"post_author":"15","post_date":"2023-10-24 00:30:10","post_date_gmt":"2023-10-23 13:30:10","post_content":"\n

The U.S. Treasury Department has unveiled plans<\/a> to categorize all cryptocurrency \"mixers\" as potential money-laundering hubs. The announcement cites threats to national security. <\/p>\n\n\n\n

If the proposed rule is accepted, it will compel financial institutions to report any transactions involving crypto mixers. This includes domestic or international if there are suspicions of money laundering. The policy is now open for a 90-day public comment period.<\/p>\n\n\n\n

This proposal signifies a significant shift in the U.S. government's stance on crypto mixers. Last year, the Treasury Department imposed sanctions on Tornado Cash, a mixer used for private transactions on the Ethereum network. The move was based on the platform's association with entities hostile to the U.S., including the Lazarus Group, a North Korean hacking group.<\/p>\n\n\n\n

However, the new announcement automatically labels any international cryptocurrency mixer as a national security risk, irrespective of its usage context. The decision is notably linked to the ongoing Israel-Palestine crisis, where crypto has been linked to the funding of attacks by Hamas.<\/p>\n\n\n\n

Right or wrong?<\/h2>\n\n\n\n

A Treasury Department official explicitly connected recent events in the Middle East to the Treasury's decision to tighten its policy. Deputy Treasury Secretary Wally Adeyemo stated that this action underscores the commitment to combating the illicit use of cryptocurrency mixing by various nefarious actors, including state-affiliated cyber groups, cybercriminals, and terrorist organizations like Hamas.<\/p>\n\n\n\n

Nevertheless, many in the crypto industry oppose such measures. Sanctions against Tornado Cash last year were contested as an unlawful threat to user privacy. Industry leaders and analysts are now challenging the narrative that crypto is disproportionately responsible for the Israel-Palestine crisis or poses greater security threats than traditional banking systems.<\/p>\n","post_title":"U.S. Treasury Targets Cryptocurrency Mixers As Money-Laundering Tool","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-treasury-targets-cryptocurrency-mixers-as-money-laundering-tool","to_ping":"","pinged":"","post_modified":"2023-10-24 00:30:47","post_modified_gmt":"2023-10-23 13:30:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13951","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 5 6 7 8 9 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

She added that Grayscale is operationally ready and seeks to proceed on behalf of its investors as soon as possible. The ruling means the SEC will decide whether to approve the Grayscale spot ETF or decline it on other grounds.<\/p>\n\n\n\n

Spot ETF Approvals Boost Market Sentiment<\/h2>\n\n\n\n

Excitement grew in the cryptocurrency market<\/a> as analysts project spot Bitcoin approvals after the final court ruling. SEC has other spot ETF filings from leading asset managers such as BlackRock and Fidelity. A potential approval of GBTC conversion is expected to greenlight other filings. <\/p>\n\n\n\n

Meanwhile, investors are upbeat on the price of Bitcoin amid the expectation of the first spot ETF. The cryptocurrency surged past the $30,000 mark to the highest trading level in nearly four months. Investors anticipate the SEC could approve the first spot Bitcoin ETF by the end of the year or early 2024.<\/p>\n","post_title":"U.S. Court Makes A Final Ruling Overturning SEC\u2019s Rejection Of Grayscale\u2019s Spot ETF\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-court-makes-a-final-ruling-overturning-secs-rejection-of-grayscales-spot-etf","to_ping":"","pinged":"","post_modified":"2023-10-29 23:29:27","post_modified_gmt":"2023-10-29 12:29:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13995","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13951,"post_author":"15","post_date":"2023-10-24 00:30:10","post_date_gmt":"2023-10-23 13:30:10","post_content":"\n

The U.S. Treasury Department has unveiled plans<\/a> to categorize all cryptocurrency \"mixers\" as potential money-laundering hubs. The announcement cites threats to national security. <\/p>\n\n\n\n

If the proposed rule is accepted, it will compel financial institutions to report any transactions involving crypto mixers. This includes domestic or international if there are suspicions of money laundering. The policy is now open for a 90-day public comment period.<\/p>\n\n\n\n

This proposal signifies a significant shift in the U.S. government's stance on crypto mixers. Last year, the Treasury Department imposed sanctions on Tornado Cash, a mixer used for private transactions on the Ethereum network. The move was based on the platform's association with entities hostile to the U.S., including the Lazarus Group, a North Korean hacking group.<\/p>\n\n\n\n

However, the new announcement automatically labels any international cryptocurrency mixer as a national security risk, irrespective of its usage context. The decision is notably linked to the ongoing Israel-Palestine crisis, where crypto has been linked to the funding of attacks by Hamas.<\/p>\n\n\n\n

Right or wrong?<\/h2>\n\n\n\n

A Treasury Department official explicitly connected recent events in the Middle East to the Treasury's decision to tighten its policy. Deputy Treasury Secretary Wally Adeyemo stated that this action underscores the commitment to combating the illicit use of cryptocurrency mixing by various nefarious actors, including state-affiliated cyber groups, cybercriminals, and terrorist organizations like Hamas.<\/p>\n\n\n\n

Nevertheless, many in the crypto industry oppose such measures. Sanctions against Tornado Cash last year were contested as an unlawful threat to user privacy. Industry leaders and analysts are now challenging the narrative that crypto is disproportionately responsible for the Israel-Palestine crisis or poses greater security threats than traditional banking systems.<\/p>\n","post_title":"U.S. Treasury Targets Cryptocurrency Mixers As Money-Laundering Tool","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-treasury-targets-cryptocurrency-mixers-as-money-laundering-tool","to_ping":"","pinged":"","post_modified":"2023-10-24 00:30:47","post_modified_gmt":"2023-10-23 13:30:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13951","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 5 6 7 8 9 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"The Grayscale team looks forward to continuing to work constructively with the SEC to convert GBTC to an ETF.\"<\/em><\/p>\n\n\n\n

She added that Grayscale is operationally ready and seeks to proceed on behalf of its investors as soon as possible. The ruling means the SEC will decide whether to approve the Grayscale spot ETF or decline it on other grounds.<\/p>\n\n\n\n

Spot ETF Approvals Boost Market Sentiment<\/h2>\n\n\n\n

Excitement grew in the cryptocurrency market<\/a> as analysts project spot Bitcoin approvals after the final court ruling. SEC has other spot ETF filings from leading asset managers such as BlackRock and Fidelity. A potential approval of GBTC conversion is expected to greenlight other filings. <\/p>\n\n\n\n

Meanwhile, investors are upbeat on the price of Bitcoin amid the expectation of the first spot ETF. The cryptocurrency surged past the $30,000 mark to the highest trading level in nearly four months. Investors anticipate the SEC could approve the first spot Bitcoin ETF by the end of the year or early 2024.<\/p>\n","post_title":"U.S. Court Makes A Final Ruling Overturning SEC\u2019s Rejection Of Grayscale\u2019s Spot ETF\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-court-makes-a-final-ruling-overturning-secs-rejection-of-grayscales-spot-etf","to_ping":"","pinged":"","post_modified":"2023-10-29 23:29:27","post_modified_gmt":"2023-10-29 12:29:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13995","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13951,"post_author":"15","post_date":"2023-10-24 00:30:10","post_date_gmt":"2023-10-23 13:30:10","post_content":"\n

The U.S. Treasury Department has unveiled plans<\/a> to categorize all cryptocurrency \"mixers\" as potential money-laundering hubs. The announcement cites threats to national security. <\/p>\n\n\n\n

If the proposed rule is accepted, it will compel financial institutions to report any transactions involving crypto mixers. This includes domestic or international if there are suspicions of money laundering. The policy is now open for a 90-day public comment period.<\/p>\n\n\n\n

This proposal signifies a significant shift in the U.S. government's stance on crypto mixers. Last year, the Treasury Department imposed sanctions on Tornado Cash, a mixer used for private transactions on the Ethereum network. The move was based on the platform's association with entities hostile to the U.S., including the Lazarus Group, a North Korean hacking group.<\/p>\n\n\n\n

However, the new announcement automatically labels any international cryptocurrency mixer as a national security risk, irrespective of its usage context. The decision is notably linked to the ongoing Israel-Palestine crisis, where crypto has been linked to the funding of attacks by Hamas.<\/p>\n\n\n\n

Right or wrong?<\/h2>\n\n\n\n

A Treasury Department official explicitly connected recent events in the Middle East to the Treasury's decision to tighten its policy. Deputy Treasury Secretary Wally Adeyemo stated that this action underscores the commitment to combating the illicit use of cryptocurrency mixing by various nefarious actors, including state-affiliated cyber groups, cybercriminals, and terrorist organizations like Hamas.<\/p>\n\n\n\n

Nevertheless, many in the crypto industry oppose such measures. Sanctions against Tornado Cash last year were contested as an unlawful threat to user privacy. Industry leaders and analysts are now challenging the narrative that crypto is disproportionately responsible for the Israel-Palestine crisis or poses greater security threats than traditional banking systems.<\/p>\n","post_title":"U.S. Treasury Targets Cryptocurrency Mixers As Money-Laundering Tool","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-treasury-targets-cryptocurrency-mixers-as-money-laundering-tool","to_ping":"","pinged":"","post_modified":"2023-10-24 00:30:47","post_modified_gmt":"2023-10-23 13:30:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13951","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 5 6 7 8 9 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Grayscale's spokeswoman, Jenniffer Rosenthal, commented after the Monday ruling. <\/p>\n\n\n\n

\"The Grayscale team looks forward to continuing to work constructively with the SEC to convert GBTC to an ETF.\"<\/em><\/p>\n\n\n\n

She added that Grayscale is operationally ready and seeks to proceed on behalf of its investors as soon as possible. The ruling means the SEC will decide whether to approve the Grayscale spot ETF or decline it on other grounds.<\/p>\n\n\n\n

Spot ETF Approvals Boost Market Sentiment<\/h2>\n\n\n\n

Excitement grew in the cryptocurrency market<\/a> as analysts project spot Bitcoin approvals after the final court ruling. SEC has other spot ETF filings from leading asset managers such as BlackRock and Fidelity. A potential approval of GBTC conversion is expected to greenlight other filings. <\/p>\n\n\n\n

Meanwhile, investors are upbeat on the price of Bitcoin amid the expectation of the first spot ETF. The cryptocurrency surged past the $30,000 mark to the highest trading level in nearly four months. Investors anticipate the SEC could approve the first spot Bitcoin ETF by the end of the year or early 2024.<\/p>\n","post_title":"U.S. Court Makes A Final Ruling Overturning SEC\u2019s Rejection Of Grayscale\u2019s Spot ETF\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-court-makes-a-final-ruling-overturning-secs-rejection-of-grayscales-spot-etf","to_ping":"","pinged":"","post_modified":"2023-10-29 23:29:27","post_modified_gmt":"2023-10-29 12:29:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13995","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13951,"post_author":"15","post_date":"2023-10-24 00:30:10","post_date_gmt":"2023-10-23 13:30:10","post_content":"\n

The U.S. Treasury Department has unveiled plans<\/a> to categorize all cryptocurrency \"mixers\" as potential money-laundering hubs. The announcement cites threats to national security. <\/p>\n\n\n\n

If the proposed rule is accepted, it will compel financial institutions to report any transactions involving crypto mixers. This includes domestic or international if there are suspicions of money laundering. The policy is now open for a 90-day public comment period.<\/p>\n\n\n\n

This proposal signifies a significant shift in the U.S. government's stance on crypto mixers. Last year, the Treasury Department imposed sanctions on Tornado Cash, a mixer used for private transactions on the Ethereum network. The move was based on the platform's association with entities hostile to the U.S., including the Lazarus Group, a North Korean hacking group.<\/p>\n\n\n\n

However, the new announcement automatically labels any international cryptocurrency mixer as a national security risk, irrespective of its usage context. The decision is notably linked to the ongoing Israel-Palestine crisis, where crypto has been linked to the funding of attacks by Hamas.<\/p>\n\n\n\n

Right or wrong?<\/h2>\n\n\n\n

A Treasury Department official explicitly connected recent events in the Middle East to the Treasury's decision to tighten its policy. Deputy Treasury Secretary Wally Adeyemo stated that this action underscores the commitment to combating the illicit use of cryptocurrency mixing by various nefarious actors, including state-affiliated cyber groups, cybercriminals, and terrorist organizations like Hamas.<\/p>\n\n\n\n

Nevertheless, many in the crypto industry oppose such measures. Sanctions against Tornado Cash last year were contested as an unlawful threat to user privacy. Industry leaders and analysts are now challenging the narrative that crypto is disproportionately responsible for the Israel-Palestine crisis or poses greater security threats than traditional banking systems.<\/p>\n","post_title":"U.S. Treasury Targets Cryptocurrency Mixers As Money-Laundering Tool","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-treasury-targets-cryptocurrency-mixers-as-money-laundering-tool","to_ping":"","pinged":"","post_modified":"2023-10-24 00:30:47","post_modified_gmt":"2023-10-23 13:30:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13951","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 5 6 7 8 9 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The closure of books on Monday ratifies an earlier court's decision that found SEC to have erred in its decision to reject Grayscale's spot ETF. The U.S. regulator opted against appealing the ruling<\/a>, paving the way for the formal closure on Monday.<\/p>\n\n\n\n

Grayscale's spokeswoman, Jenniffer Rosenthal, commented after the Monday ruling. <\/p>\n\n\n\n

\"The Grayscale team looks forward to continuing to work constructively with the SEC to convert GBTC to an ETF.\"<\/em><\/p>\n\n\n\n

She added that Grayscale is operationally ready and seeks to proceed on behalf of its investors as soon as possible. The ruling means the SEC will decide whether to approve the Grayscale spot ETF or decline it on other grounds.<\/p>\n\n\n\n

Spot ETF Approvals Boost Market Sentiment<\/h2>\n\n\n\n

Excitement grew in the cryptocurrency market<\/a> as analysts project spot Bitcoin approvals after the final court ruling. SEC has other spot ETF filings from leading asset managers such as BlackRock and Fidelity. A potential approval of GBTC conversion is expected to greenlight other filings. <\/p>\n\n\n\n

Meanwhile, investors are upbeat on the price of Bitcoin amid the expectation of the first spot ETF. The cryptocurrency surged past the $30,000 mark to the highest trading level in nearly four months. Investors anticipate the SEC could approve the first spot Bitcoin ETF by the end of the year or early 2024.<\/p>\n","post_title":"U.S. Court Makes A Final Ruling Overturning SEC\u2019s Rejection Of Grayscale\u2019s Spot ETF\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-court-makes-a-final-ruling-overturning-secs-rejection-of-grayscales-spot-etf","to_ping":"","pinged":"","post_modified":"2023-10-29 23:29:27","post_modified_gmt":"2023-10-29 12:29:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13995","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13951,"post_author":"15","post_date":"2023-10-24 00:30:10","post_date_gmt":"2023-10-23 13:30:10","post_content":"\n

The U.S. Treasury Department has unveiled plans<\/a> to categorize all cryptocurrency \"mixers\" as potential money-laundering hubs. The announcement cites threats to national security. <\/p>\n\n\n\n

If the proposed rule is accepted, it will compel financial institutions to report any transactions involving crypto mixers. This includes domestic or international if there are suspicions of money laundering. The policy is now open for a 90-day public comment period.<\/p>\n\n\n\n

This proposal signifies a significant shift in the U.S. government's stance on crypto mixers. Last year, the Treasury Department imposed sanctions on Tornado Cash, a mixer used for private transactions on the Ethereum network. The move was based on the platform's association with entities hostile to the U.S., including the Lazarus Group, a North Korean hacking group.<\/p>\n\n\n\n

However, the new announcement automatically labels any international cryptocurrency mixer as a national security risk, irrespective of its usage context. The decision is notably linked to the ongoing Israel-Palestine crisis, where crypto has been linked to the funding of attacks by Hamas.<\/p>\n\n\n\n

Right or wrong?<\/h2>\n\n\n\n

A Treasury Department official explicitly connected recent events in the Middle East to the Treasury's decision to tighten its policy. Deputy Treasury Secretary Wally Adeyemo stated that this action underscores the commitment to combating the illicit use of cryptocurrency mixing by various nefarious actors, including state-affiliated cyber groups, cybercriminals, and terrorist organizations like Hamas.<\/p>\n\n\n\n

Nevertheless, many in the crypto industry oppose such measures. Sanctions against Tornado Cash last year were contested as an unlawful threat to user privacy. Industry leaders and analysts are now challenging the narrative that crypto is disproportionately responsible for the Israel-Palestine crisis or poses greater security threats than traditional banking systems.<\/p>\n","post_title":"U.S. Treasury Targets Cryptocurrency Mixers As Money-Laundering Tool","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-treasury-targets-cryptocurrency-mixers-as-money-laundering-tool","to_ping":"","pinged":"","post_modified":"2023-10-24 00:30:47","post_modified_gmt":"2023-10-23 13:30:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13951","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 5 6 7 8 9 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The conversion of the $17 billion Grayscale Bitcoin Trust (GBTC) into a spot ETF is back on the SEC\u2019s table. This comes after the D.C. Circuit Court of Appeals made a final case ruling<\/a> on Monday. The verdict effectively orders the SEC to abandon its earlier rejection of Grayscale's spot ETF filing. <\/p>\n\n\n\n

The closure of books on Monday ratifies an earlier court's decision that found SEC to have erred in its decision to reject Grayscale's spot ETF. The U.S. regulator opted against appealing the ruling<\/a>, paving the way for the formal closure on Monday.<\/p>\n\n\n\n

Grayscale's spokeswoman, Jenniffer Rosenthal, commented after the Monday ruling. <\/p>\n\n\n\n

\"The Grayscale team looks forward to continuing to work constructively with the SEC to convert GBTC to an ETF.\"<\/em><\/p>\n\n\n\n

She added that Grayscale is operationally ready and seeks to proceed on behalf of its investors as soon as possible. The ruling means the SEC will decide whether to approve the Grayscale spot ETF or decline it on other grounds.<\/p>\n\n\n\n

Spot ETF Approvals Boost Market Sentiment<\/h2>\n\n\n\n

Excitement grew in the cryptocurrency market<\/a> as analysts project spot Bitcoin approvals after the final court ruling. SEC has other spot ETF filings from leading asset managers such as BlackRock and Fidelity. A potential approval of GBTC conversion is expected to greenlight other filings. <\/p>\n\n\n\n

Meanwhile, investors are upbeat on the price of Bitcoin amid the expectation of the first spot ETF. The cryptocurrency surged past the $30,000 mark to the highest trading level in nearly four months. Investors anticipate the SEC could approve the first spot Bitcoin ETF by the end of the year or early 2024.<\/p>\n","post_title":"U.S. Court Makes A Final Ruling Overturning SEC\u2019s Rejection Of Grayscale\u2019s Spot ETF\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-court-makes-a-final-ruling-overturning-secs-rejection-of-grayscales-spot-etf","to_ping":"","pinged":"","post_modified":"2023-10-29 23:29:27","post_modified_gmt":"2023-10-29 12:29:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13995","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13951,"post_author":"15","post_date":"2023-10-24 00:30:10","post_date_gmt":"2023-10-23 13:30:10","post_content":"\n

The U.S. Treasury Department has unveiled plans<\/a> to categorize all cryptocurrency \"mixers\" as potential money-laundering hubs. The announcement cites threats to national security. <\/p>\n\n\n\n

If the proposed rule is accepted, it will compel financial institutions to report any transactions involving crypto mixers. This includes domestic or international if there are suspicions of money laundering. The policy is now open for a 90-day public comment period.<\/p>\n\n\n\n

This proposal signifies a significant shift in the U.S. government's stance on crypto mixers. Last year, the Treasury Department imposed sanctions on Tornado Cash, a mixer used for private transactions on the Ethereum network. The move was based on the platform's association with entities hostile to the U.S., including the Lazarus Group, a North Korean hacking group.<\/p>\n\n\n\n

However, the new announcement automatically labels any international cryptocurrency mixer as a national security risk, irrespective of its usage context. The decision is notably linked to the ongoing Israel-Palestine crisis, where crypto has been linked to the funding of attacks by Hamas.<\/p>\n\n\n\n

Right or wrong?<\/h2>\n\n\n\n

A Treasury Department official explicitly connected recent events in the Middle East to the Treasury's decision to tighten its policy. Deputy Treasury Secretary Wally Adeyemo stated that this action underscores the commitment to combating the illicit use of cryptocurrency mixing by various nefarious actors, including state-affiliated cyber groups, cybercriminals, and terrorist organizations like Hamas.<\/p>\n\n\n\n

Nevertheless, many in the crypto industry oppose such measures. Sanctions against Tornado Cash last year were contested as an unlawful threat to user privacy. Industry leaders and analysts are now challenging the narrative that crypto is disproportionately responsible for the Israel-Palestine crisis or poses greater security threats than traditional banking systems.<\/p>\n","post_title":"U.S. Treasury Targets Cryptocurrency Mixers As Money-Laundering Tool","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-treasury-targets-cryptocurrency-mixers-as-money-laundering-tool","to_ping":"","pinged":"","post_modified":"2023-10-24 00:30:47","post_modified_gmt":"2023-10-23 13:30:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13951","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 5 6 7 8 9 … 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
  • The potential for the first spot in the Bitcoin ETF has generated market optimism.<\/li>\n<\/ul>\n\n\n\n

    The conversion of the $17 billion Grayscale Bitcoin Trust (GBTC) into a spot ETF is back on the SEC\u2019s table. This comes after the D.C. Circuit Court of Appeals made a final case ruling<\/a> on Monday. The verdict effectively orders the SEC to abandon its earlier rejection of Grayscale's spot ETF filing. <\/p>\n\n\n\n

    The closure of books on Monday ratifies an earlier court's decision that found SEC to have erred in its decision to reject Grayscale's spot ETF. The U.S. regulator opted against appealing the ruling<\/a>, paving the way for the formal closure on Monday.<\/p>\n\n\n\n

    Grayscale's spokeswoman, Jenniffer Rosenthal, commented after the Monday ruling. <\/p>\n\n\n\n

    \"The Grayscale team looks forward to continuing to work constructively with the SEC to convert GBTC to an ETF.\"<\/em><\/p>\n\n\n\n

    She added that Grayscale is operationally ready and seeks to proceed on behalf of its investors as soon as possible. The ruling means the SEC will decide whether to approve the Grayscale spot ETF or decline it on other grounds.<\/p>\n\n\n\n

    Spot ETF Approvals Boost Market Sentiment<\/h2>\n\n\n\n

    Excitement grew in the cryptocurrency market<\/a> as analysts project spot Bitcoin approvals after the final court ruling. SEC has other spot ETF filings from leading asset managers such as BlackRock and Fidelity. A potential approval of GBTC conversion is expected to greenlight other filings. <\/p>\n\n\n\n

    Meanwhile, investors are upbeat on the price of Bitcoin amid the expectation of the first spot ETF. The cryptocurrency surged past the $30,000 mark to the highest trading level in nearly four months. Investors anticipate the SEC could approve the first spot Bitcoin ETF by the end of the year or early 2024.<\/p>\n","post_title":"U.S. Court Makes A Final Ruling Overturning SEC\u2019s Rejection Of Grayscale\u2019s Spot ETF\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-court-makes-a-final-ruling-overturning-secs-rejection-of-grayscales-spot-etf","to_ping":"","pinged":"","post_modified":"2023-10-29 23:29:27","post_modified_gmt":"2023-10-29 12:29:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13995","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13951,"post_author":"15","post_date":"2023-10-24 00:30:10","post_date_gmt":"2023-10-23 13:30:10","post_content":"\n

    The U.S. Treasury Department has unveiled plans<\/a> to categorize all cryptocurrency \"mixers\" as potential money-laundering hubs. The announcement cites threats to national security. <\/p>\n\n\n\n

    If the proposed rule is accepted, it will compel financial institutions to report any transactions involving crypto mixers. This includes domestic or international if there are suspicions of money laundering. The policy is now open for a 90-day public comment period.<\/p>\n\n\n\n

    This proposal signifies a significant shift in the U.S. government's stance on crypto mixers. Last year, the Treasury Department imposed sanctions on Tornado Cash, a mixer used for private transactions on the Ethereum network. The move was based on the platform's association with entities hostile to the U.S., including the Lazarus Group, a North Korean hacking group.<\/p>\n\n\n\n

    However, the new announcement automatically labels any international cryptocurrency mixer as a national security risk, irrespective of its usage context. The decision is notably linked to the ongoing Israel-Palestine crisis, where crypto has been linked to the funding of attacks by Hamas.<\/p>\n\n\n\n

    Right or wrong?<\/h2>\n\n\n\n

    A Treasury Department official explicitly connected recent events in the Middle East to the Treasury's decision to tighten its policy. Deputy Treasury Secretary Wally Adeyemo stated that this action underscores the commitment to combating the illicit use of cryptocurrency mixing by various nefarious actors, including state-affiliated cyber groups, cybercriminals, and terrorist organizations like Hamas.<\/p>\n\n\n\n

    Nevertheless, many in the crypto industry oppose such measures. Sanctions against Tornado Cash last year were contested as an unlawful threat to user privacy. Industry leaders and analysts are now challenging the narrative that crypto is disproportionately responsible for the Israel-Palestine crisis or poses greater security threats than traditional banking systems.<\/p>\n","post_title":"U.S. Treasury Targets Cryptocurrency Mixers As Money-Laundering Tool","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-treasury-targets-cryptocurrency-mixers-as-money-laundering-tool","to_ping":"","pinged":"","post_modified":"2023-10-24 00:30:47","post_modified_gmt":"2023-10-23 13:30:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13951","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 … 5 6 7 8 9 … 18

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
  • U.S. court has ratified ruling stopping SEC from rejecting Grayscale spot Bitcoin ETF.<\/li>\n\n\n\n
  • The potential for the first spot in the Bitcoin ETF has generated market optimism.<\/li>\n<\/ul>\n\n\n\n

    The conversion of the $17 billion Grayscale Bitcoin Trust (GBTC) into a spot ETF is back on the SEC\u2019s table. This comes after the D.C. Circuit Court of Appeals made a final case ruling<\/a> on Monday. The verdict effectively orders the SEC to abandon its earlier rejection of Grayscale's spot ETF filing. <\/p>\n\n\n\n

    The closure of books on Monday ratifies an earlier court's decision that found SEC to have erred in its decision to reject Grayscale's spot ETF. The U.S. regulator opted against appealing the ruling<\/a>, paving the way for the formal closure on Monday.<\/p>\n\n\n\n

    Grayscale's spokeswoman, Jenniffer Rosenthal, commented after the Monday ruling. <\/p>\n\n\n\n

    \"The Grayscale team looks forward to continuing to work constructively with the SEC to convert GBTC to an ETF.\"<\/em><\/p>\n\n\n\n

    She added that Grayscale is operationally ready and seeks to proceed on behalf of its investors as soon as possible. The ruling means the SEC will decide whether to approve the Grayscale spot ETF or decline it on other grounds.<\/p>\n\n\n\n

    Spot ETF Approvals Boost Market Sentiment<\/h2>\n\n\n\n

    Excitement grew in the cryptocurrency market<\/a> as analysts project spot Bitcoin approvals after the final court ruling. SEC has other spot ETF filings from leading asset managers such as BlackRock and Fidelity. A potential approval of GBTC conversion is expected to greenlight other filings. <\/p>\n\n\n\n

    Meanwhile, investors are upbeat on the price of Bitcoin amid the expectation of the first spot ETF. The cryptocurrency surged past the $30,000 mark to the highest trading level in nearly four months. Investors anticipate the SEC could approve the first spot Bitcoin ETF by the end of the year or early 2024.<\/p>\n","post_title":"U.S. Court Makes A Final Ruling Overturning SEC\u2019s Rejection Of Grayscale\u2019s Spot ETF\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-court-makes-a-final-ruling-overturning-secs-rejection-of-grayscales-spot-etf","to_ping":"","pinged":"","post_modified":"2023-10-29 23:29:27","post_modified_gmt":"2023-10-29 12:29:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13995","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13951,"post_author":"15","post_date":"2023-10-24 00:30:10","post_date_gmt":"2023-10-23 13:30:10","post_content":"\n

    The U.S. Treasury Department has unveiled plans<\/a> to categorize all cryptocurrency \"mixers\" as potential money-laundering hubs. The announcement cites threats to national security. <\/p>\n\n\n\n

    If the proposed rule is accepted, it will compel financial institutions to report any transactions involving crypto mixers. This includes domestic or international if there are suspicions of money laundering. The policy is now open for a 90-day public comment period.<\/p>\n\n\n\n

    This proposal signifies a significant shift in the U.S. government's stance on crypto mixers. Last year, the Treasury Department imposed sanctions on Tornado Cash, a mixer used for private transactions on the Ethereum network. The move was based on the platform's association with entities hostile to the U.S., including the Lazarus Group, a North Korean hacking group.<\/p>\n\n\n\n

    However, the new announcement automatically labels any international cryptocurrency mixer as a national security risk, irrespective of its usage context. The decision is notably linked to the ongoing Israel-Palestine crisis, where crypto has been linked to the funding of attacks by Hamas.<\/p>\n\n\n\n

    Right or wrong?<\/h2>\n\n\n\n

    A Treasury Department official explicitly connected recent events in the Middle East to the Treasury's decision to tighten its policy. Deputy Treasury Secretary Wally Adeyemo stated that this action underscores the commitment to combating the illicit use of cryptocurrency mixing by various nefarious actors, including state-affiliated cyber groups, cybercriminals, and terrorist organizations like Hamas.<\/p>\n\n\n\n

    Nevertheless, many in the crypto industry oppose such measures. Sanctions against Tornado Cash last year were contested as an unlawful threat to user privacy. Industry leaders and analysts are now challenging the narrative that crypto is disproportionately responsible for the Israel-Palestine crisis or poses greater security threats than traditional banking systems.<\/p>\n","post_title":"U.S. Treasury Targets Cryptocurrency Mixers As Money-Laundering Tool","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-treasury-targets-cryptocurrency-mixers-as-money-laundering-tool","to_ping":"","pinged":"","post_modified":"2023-10-24 00:30:47","post_modified_gmt":"2023-10-23 13:30:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13951","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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