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Following the proposed leadership of the Federal Deposit Insurance Corporation (FDIC), it is possible that financial institutions in the United States could soon have improved interactions with enterprises that deal in digital assets.
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Tether, the company that issues stablecoins, began freezing 29.62 million USDT tokens on July 13. It was determined that these tokens were connected to illegal activities that involving the Cambodian Huione Group.
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Three leaders from Compound Finance Jason Hobby, Geoffrey Hayes, and Mykel Pereira left the project to start a new venture. The news came out the day before hackers took over the website for the platform.
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The SEC allowed a Staff Accounting Bulletin 121 loophole. This road favors banks after legislators failed to overcome President Joe Biden's veto of a controversial bid.
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