United States

PEPs & Sanctions

Credit Suisse, UBS Under US Sanctions Probe – Report

By Editors | 24/03/2023

Credit Suisse and UBS were included in a wave of subpoenas sent out by the DOJ before their merger agreement was announced.

Fraud, Scams & Cybercrime

UPDATED – Terraform Labs Founder Do Kwon Arrested and Charged

By Editors | 24/03/2023

Do Kwon was arrested in Montenegro. SDNY prosecutors released an indictment and will seek his extradition to the US.

Cryptocurrency

US SEC Warns Coinbase of Impending Enforcement Action

By Manesh Samtani | 24/03/2023

Coinbase met with the SEC 30 times over 9 months and spent millions of dollars trying to help it create a registration path for crypto exchanges.

Cryptocurrency

FASB Opens Consultation on New Crypto Accounting Standard

By Editors | 23/03/2023

Fair value accounting will more accurately reflect the underlying economics of crypto assets and provide more decision-useful information.

Liquidity Risk

Yellen Not Considering ‘Blanket Insurance’ for US Bank Deposits

By Editors | 23/03/2023

Regulators are reviewing banking risks on a case-by-case basis. The FDIC would only step in to protect all depositors if there are systemic or contagion risks.

Reporting & Disclosures

Biden Blocks Anti-ESG Bill; Texas to Divest from HSBC

By Editors | 23/03/2023

HSBC was added to a list that will requires state governmental entities in Texas to divest from all of the bank’s publicly traded securities within 360 days.

Cryptocurrency

US Authorities Consider Taxing NFTs as Collectibles

By Editors | 23/03/2023

Under the US tax code, collectibles are subject to a 28% capital gains tax rate, compared to 20% for stocks, bonds and cryptocurrencies.

Sustainable Finance

StoneX, ACX Launch US Digital Carbon Marketplace

By ESG Investor | 23/03/2023

Financial services firm StoneX and Singapore-based AirCarbon Exchange have signed an agreement to create a US-based digital carbon marketplace.

Cryptocurrency

US SEC Simultaneously Charges Crypto Founder, Eight Celebrities

By Editors | 23/03/2023

Tron founder Justin Sun sold unregistered securities to US investors, manipulated TRX and BTT markets, and paid celebrities to tout the offerings without disclosing their compensation.