U.S. Senators Elizabeth Warren and Roger Marshall expressed concerns about the stablecoin Tether in a letter over the weekend to U.S. Defense Secretary Lloyd Austin and Treasury Secretary Janet Yellen and other officials, Gold Finance reported. They expressed high concern about countries such as Russia, Iran and North Korea relying on Crypto Assets to evade sanctions, and that the national security threat posed by Crypto Assets requires a corresponding response from the U.S. defense community, the letter said. Tether said he works with law enforcement to track assets and catch criminals.

coin U.S. Senators Elizabeth Warren and Roger Marshall sent a letter to the Biden administration and the Department of Defense about the possible use of Tether stablecoin by North Korea, Iran and Russia to evade U.S. sanctions. Government documents show that Russian companies can use USDT to buy equipment components such as drones overseas. The Biden administration and the Department of Defense will need to evaluate the Treasury Department's request for further authorization. The senators asked the State Department to explain whether it agreed with the development. Earlier in April, the deputy finance minister said Congress needed to pass new powers to address the use of crypto assets by North Korea, Hamas and the Russian military-industrial complex. Tether has pledged to cooperate with U.S. authorities and freeze sanctioned accounts.

Marshall Hayner, CEO of Metal Pay, said in a post on the X platform that Metallicus previously announced that it would enter the Ethereum L2 space, planning to launch a Metal L2 project and use MTL as a governance token. Metallicus has already started the core work of deploying Metal L2 on the testnet and is ready to deploy on mainnet. Metal L2 is an L2 scaling solution developed based on the Optimism stack. It is reported that Metal Pay, a crypto trading and payment app, was launched in 2018 and plans to expand to the international market. In 2023, Metal Pay has transitioned to execute all transactions on the XPR network through the Metal X decentralized exchange.

PANews reported on December 18 that, according to Cointelegraph, court documents from December 5 to December 16 showed that from August 1 to October 31, bankruptcy lawyers and advisers on crypto exchange FTX collected a total of $118.1 million, which is equivalent to $1.3 million per day or $53,300 per hour for 92 days. The largest bill came from management consulting firm Al_ez and Marshall, with a three-month service fee of $35.8 million. In second place is the global law firm Sullivan and Cromwell, which charges $31.8 million. Sullivan and Cromwell's services are paid an average of $1,230 per hour. AlixPartners, a global consulting firm, collected $13.3 million in fees for professional services related to forensic investigations during the period. Quinn Emanuel Urquhart & Sullivan charged $10.4 million over the same period, while several other smaller consulting firms totaled more than $26.8 million. Meanwhile, data shared by an anonymous FTX creditor in an Dec. 17 X post shows that FTX has paid a total of about $350 million in legal fees in full since the FTX bankruptcy case began. In an earlier report filed on Dec. 5, court-appointed fee examiner Katherine Stadler noted "significant issues" in bills filed by large consulting firms, including Sullivan and Cromwell, Al_ez and Marshall, among others, between May 1 and June 31. With regard to the bills submitted by Al_ez and Marshall, the report reads: "The expense auditors identified various technical and procedural deficiencies in the accounting of significant top-heavy staffing, apparently high attendance at meetings, expenses related to non-work travel time, and some time accounting, including ambiguity and centralization." ”

U.S. lawmakers are still working to include cryptocurrency-related measures in their year-end legislative plans, according to Golden Finance. Among them are Senator Cynthia Lummis, Republican of Wyoming, Senator Kirsten Gillibrand of Democrat of New York, Senator Roger Marshall, Republican of Kansas, and Senator Elizabeth, Democrat of Massachusetts Warren proposed an amendment to the National Defense Authorization Act that would require regulators to set vetting standards for financial institutions engaged in cryptocurrency activities, while also asking the Treasury Department to make recommendations to Congress about cryptocurrency mixers. Senator Lummis said the amendment is still evolving and "more progress may be seen early next week."

PANews reported on November 8 that Bloomberg, citing people familiar with the matter, said that Circle Internet Financial Ltd., the issuer of stablecoin USDC, is considering listing in early 2024. The company is in talks with advisers in preparation for a possible initial public offering (IPO), people familiar with the matter said. Deliberations are still ongoing, and it is uncertain whether Circle will decide to go public. It's unclear how much valuation Circle can get through an IPO, but the company was valued at $9 billion when it tried to merge with special purpose acquisition company Concord Acquisition Corp. in 2022. A Circle spokesperson said in a statement: "Becoming a publicly traded company in the U.S. has long been part of Circle's strategic goals. We don't comment on rumors." It is reported that Circle has raised funds from investors such as Goldman Sachs Group, General Catalyst Partners, BlackRock, Fidelity, and Marshall Wace LLP. The company was valued at $7.7 billion in a funding round in 2022.

86 members of Congress representing Democrats and Republicans pressed the Biden administration to provide details on how it plans to stop militant groups from using cryptocurrencies in "financing terrorism," Golden Finance reported. On October 17, Senators Elizabeth Warren and Roger Marshall and Rep. Sean Casten wrote to the U.S. Treasury Department and the National Security Council, lawmakers noted that the radical Islamist organization Hamas and Palestinian Islamic Jihad (PIJ) raised millions of dollars. In the months leading up to Hamas's attack on Israel, the number of dollars in cryptocurrencies continued to increase. The letter cites a Wall Street Journal report that the organizations raised more than $130 million in cryptocurrency from August 2021 to June this year, with PIJ sending more than $12 million in cryptocurrency to the Allah party since 2023.

86 members of Congress, representing both Democrats and Republicans, pressed the Biden administration to provide details on how it plans to stop militant groups from using cryptocurrencies in "financing terrorism," Golden Finance reported. On October 17, Senators Elizabeth Warren and Roger Marshall and Rep. Sean Casten sent a letter to the U.S. Treasury Department and the National Security Council, lawmakers noted that the radical Islamist groups Hamas and Palestinian Islamic Jihad (PIJ) raised millions of dollars. In the months leading up to Hamas's attack on Israel, the number of dollars in cryptocurrencies continued to increase. The letter cites a Wall Street Journal report that the organizations raised more than $130 million in cryptocurrency from August 2021 to June this year, with PIJ sending more than $12 million in cryptocurrency to the Allah party since 2023.

Jinse Finance reported that Metallicus founder Marshall Hayner said in an interview that four well-known P2P file sharing services, BitTorrent, Napster, LimeWire and uTorrent, have all successfully transitioned to the fulcrum of the blockchain. Each of these services has rolled out its own protocol, leveraging a technology stack originally designed for an entirely different purpose. This long-term perspective, through much of 2023, provides no small buffer against the set of issues plaguing the industry as it faces challenges related to regulatory compliance, security, scalability and user adoption. continuing challenges. In order to fully understand the litigation and its regulatory components, an in-depth analysis of the specifics and developments in each case is necessary.

Jinse Finance reported that Gary Gensler, chairman of the US Securities and Exchange Commission, posted on the US SEC official website that there is no indication in the encrypted securities market that investors and issuers should not be protected by our securities laws. Congress enacted securities laws to regulate investments, no matter what form or name they may be called. It's not just a talking point. As Justice Thurgood Marshall wrote in the Supreme Court's famous Reves decision, this is the law of the land. These tokens are promoted by the team through the website and Twitter account. Investors may even meet entrepreneurs. These tokens did not come out of thin air. They are digitized but that does not distinguish them from the mass capital markets where securities and currencies are already digitized. Satoshi Nakamoto's innovations have driven the development of encrypted assets and the underlying blockchain ledger technology. However, no matter what ledger is used, be it spreadsheets, databases or blockchain technology, it is the economic reality of investing that matters when investors are putting money at risk. Accordingly, issuers of crypto securities will need to register their offers and sales of investment contracts with the SEC or satisfy an exemption requirement.

According to PANews news on June 6, according to PYMNTS, the digital payment infrastructure platform Thunes announced the completion of a US$60 million Series C financing, led by Marshall Wace, Bessemer Venture Partners and Southeast Asian private equity firm 01Fintech participated in the investment, this round of funds will be used to develop new markets and improve the efficiency of its payment network. It is reported that since 2021, the coverage of its mobile wallet network has quadrupled to 3 billion accounts, has connected 4 billion bank accounts worldwide and processed transactions worth approximately US$50 billion, 90% of which are instant trade.

Jinse Finance reported that Thunes, a digital payment infrastructure platform, announced the completion of a US$60 million Series C round of financing, led by Marshall Wace, with participation from Bessemer Venture Partners and Southeast Asian private equity firm 01Fintech. Quadrupled to 3 billion accounts, has now connected 4 billion bank accounts worldwide and processed approximately $50 billion worth of transactions, and the new funds will be used to open up new markets and improve the efficiency of its payment network. (pymnts)

Babbitt News, on May 15, Cathie Wood, founder of ARK Investment Management Company, recently tweeted that the University of Southern California Marshall School of Business (USC Marshall) is developing a challenging multidisciplinary curriculum that will prepare business leaders for the future. Prepare for a 5-10 year "wild ride" associated with disruptive innovation. She delivered a speech to congratulate the 2023 graduates of USC Marshall, and said that disruptive technologies such as artificial intelligence and blockchain will change the world in the next 5-10 years, which may change more than personal computers, mobile phones and the Internet in her 42 years of investment career. The changes to come are even greater. Go for it.

Jinse Finance reported that Cathie Wood, founder of ARK Investment Management Company, said on social media that he congratulated the 2023 graduates of the University of Southern California at Marshall. Disruptive technologies such as artificial intelligence and blockchain will change the world in the next 5-10 years. Probably bigger than the 42 years that PCs, cell phones and the Internet have been in my investing career. Go for it.