gilliaeb

@gilliaeb

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In her plea, Au admitted that she transferred more than $2.6 million from these various accounts to her personal bank accounts between 2020 and 2023.

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He also admitted to paying off deputies at the Los Angeles County Sheriff’s Department to provide private security for him and asked them to get “search warrants and confidential law enforcement information targeting people with whom Iza had financial and personal disputes,” the Justice Department said.

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Her bill, dubbed the BITCOIN Act, calls for the US Treasury Department to gradually accumulate 1 million BTC, ultimately acquiring “a total stake of approximately 5% of total Bitcoin supply, mirroring the size and scope of gold reserves held by the United States,” according to Lummis’ website.

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Goldsmith Romero’s departure would leave Commissioner Kristin Johnson as the sole Democrat on the CFTC’s five-person commission.

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What is happening? Instead of adapting the rules to the new reality, regulators are trying to force decentralized technologies into the framework of the old system. The issue is not only about cryptocurrencies. This concerns the future of all technologies that operate without central control. How do you regulate something that breaks the usual rules of the game? By finding a balance. Otherwise, it will bring stagnation.

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It added its one BTC purchase “ is symbolic in scale, and marks a significant step toward aligning with the evolving global financial landscape.”

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HK Asia said its board believes that Bitcoin is “a dependable store of value” amid “uncertainty in the global economy.” It added government stimulus packages and money supply increases are placing “depreciation pressure on the value of fiat currencies.”

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Conversely, the Tokyo, Japan-based investment firm Metaplanet has seen its shares jump over 3,900% in the past 12 months after it started buying Bitcoin in April. It currently holds around 2,031.5 BTC worth $194.7 million after it bought an additional 269.4 BTC on Feb. 17.

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Last month, the Hong Kong construction firm Ming Shing said its subsidiary Lead Benefit bought 500 BTC at an average price of $94,375 each for a total investment of around $47 million. However, its shares didn’t move on the news and are down nearly 40% so far this year.

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The firm’s shares on the Hong Kong Stock Exchange closed up by nearly 93% on Monday to 5.50 Hong Kong dollars (71 cents), nearing its June 2019 peak of 6.50 Hong Kong dollars (84 cents), according to Google Finance.

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HK Asia said in a Feb. 16 announcement that it “purchased an aggregate of 1 unit of Bitcoin” for around $96,150 on Feb. 13, “which was financed by the Group’s internal resources.”

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“Official actions are encumbered by hundreds of years of sclerotic bureaucracy and mandatory process. Obviously, this is going to be a major challenge for Silicon Valley people who are used to Curtis Yarvin-esqe executive fiefdoms,” he told Cointelegraph.

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But their desire to make changes quickly could be bogged down in the “swampy quagmire of Washington,” according to Aaron Brogan, a lawyer focused on cryptocurrency and emerging technology regulation.

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The incoming cohort of tech and crypto executives to the American political process now has a direct line to the presidency.

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Trump’s reputation for disregarding norms, coupled with the tech industry’s habit of “moving fast and breaking things,” means that these legal challenges to DOGE, and even to the administration more broadly, could have difficulty finding purchase.

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All three lawsuits were filed on Jan. 20 — immediately after Trump took his oath of office and officially formed the committee.

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Led by Elon Musk, the green-horn federal advisory agency is the target of at least three lawsuits alleging that DOGE has violated the Federal Advisory Committee Act (FACA) — a transparency law regulating advisory committees, such as the Space Science Advisory Committee or the United States Commission on Civil Rights.

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The US Department of Government Efficiency (DOGE) is facing a slew of lawsuits right out of the gate, but the speed at which President Donald Trump’s administration is moving could hamper the effectiveness of legal challenges.

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Zettai has also committed to a three-year buyback program for recovery tokens financed by profits and recoveries from stolen or illiquid assets.

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Initial payouts are set to be completed within 10 business days after the scheme is approved and activated. The remaining claims will be tied to recovery tokens, which will be periodically repurchased using platform profits and revenues from a planned decentralized exchange that WazirX aims to launch.

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