Category: Attorney General

Bitfinex Executives Deny Allegations of Issuing USDT to Pump BTC –  “Tether Backed by Cash Assets and a Loan”

Bitfinex Executives Deny Allegations of Issuing USDT to Pump BTC – “Tether Backed by Cash Assets and a Loan”

Bitfinex general counsel Stuart Hoegner has dismissed the notion that only 74% of the tether stablecoin in circulation is fully backed. Hoegner insists the stablecoin is fully backed by assets that include cash, cash equivalents as well as bitcoin. However, both Hoegner and the company’s CTO Paolo Ardoino, are pushing back against the narrative that […]

Continue Reading

U.S. Justice Department publishes cryptocurrency ‘enforcement framework’

U.S. Justice Department publishes cryptocurrency ‘enforcement framework’

The U.S. Justice Department has published a long-in-the-making “enforcement framework” on cryptocurrencies. U.S. Attorney General William Barr announced the report’s unveiling, stating that the goal is to ensure that cryptocurrency “does not imperil our public safety or our national security” is “vitally important to America and its allies.” The report, entitled “Cryptocurrency: An Enforcement Framework,” […]

Continue Reading