Crypto News

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A bill aiming to regulate cryptocurrency donations in political campaigns in Kansas, United States, has been postponed until January 2024. The bill, HB 2167, was introduced on Jan. 25, 2023, and proposed a $100 limit on all political donations in primary or general elections, requiring politicians to convert the crypto donations to U.S. dollars immediately. However, the bill failed to comply with the state’s Rule 1507 and was therefore struck from the calendar.

The Kansas Governmental E

Rashawn Russell, a former investment banker at Deutsche Bank, has pleaded guilty to investment fraud related to a deceptive cryptocurrency trading scheme. In this fraudulent crypto investment fund known as the ‘R3 Crypto Fund’, Russell duped 29 investors out of $1.5 million between November 2020 and August 2022.

Russell manipulated his standing as an investment banker and licensed financial broker to assure investors of guaranteed, sizable returns from a series of crypto investments. Ho

Hester Peirce, a commissioner with the United States Securities and Exchange Commission (SEC), has called for lawmakers and regulators to provide clarity on digital assets regulations. Peirce expressed her surprise at the SEC’s slow progress in developing a regulatory framework for cryptocurrencies. She highlighted the advancements made by countries like Switzerland and Singapore in this regard. Peirce emphasized the need for concrete ideas and communication between institutions and the SEC to m