US Lawmakers Support Crypto Regulation

Despite the fact that the White House is far from the regulation of the cryptocurrency, members of parliament are interested in implementing of legislation  
19 February 2018   775

A number of congressional lawmakers who, despite their differences on many legislative matters, support implementing new rules to regulated cryptocurrency usage.

Carolyn Maloney, a Democratic senior member of the House Financial Services Committee (HFSC) said that people don’t realize there’s nothing backing these virtual currencies.

Tom MacArthur, an HFSC Republican stated that it is necessary to look carefully at all of the cryptocurrencies and make sure individuals don’t get taken advantage of.

Members of the most libertarian and anti-regulatory group in Congress, the House Freedom Caucus said that they were open to making an exception to address the perceived threats of cryptocurrencies.

I‘m a total free-marketer, so I don’t want to regulate. But if it’s a currency that could destabilize the whole economy, you’re going to have that conversation.

Dave Brat

Member of the conservative House Freedom Caucus

These comments follow several high-profile congressional committee hearings in which the chairmen of the Securities Exchange Commission and Commodity Futures Trading Commission testified that they were “open” to new federal cryptocurrency regulations.

Last week, Rob Joyce, White House cybersecurity official stated that the government was still studying and understanding the matter and was unlikely to pursue a new regulatory framework within the near future.

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   100

The US Federal Penitentiary and Marshals Service has announced an auction, during which 660 Bitcoins will be sold, previously confiscated by law enforcement agencies. The current market value of the coins put up for sale is about $ 4.3 million, CoinDesk reports.

Bitcoins offered for sale were seized during federal criminal, civil and administrative investigations.

The auction will be held on November 5, and to participate in it, you must register no later than October 31 and make a deposit of $ 200,000.

The trades will be divided into two parts and include the sale of six blocks of 100 BTC and one more block of 60 BTC. Auction participants will not be able to view other people's rates or change their own.

The Office clarified that part of the assets put up for auction includes Bitcoins, which were seized during the recent investigations into the cases of the traders Teresa Tetley and Thomas Mario Costanzo. Teresa Tetley was sentenced in July to a year in prison on charges of trading in cryptocurrency without the necessary license and laundering money obtained from drug trafficking.

The Marshals do not report which part of the bitcoins seized from Tetley and Costanzo is put up for auction, however, it was previously known that 40 BTC were withdrawn from the first, and 80 BTC from the second.

Two previous major auctions for the sale of confiscated bitcoins were held in the United States in January and March of this year. In the first case, 3813 BTC was sold, in the second - 2170 BTC.