US Senator Urges Regulators to Increase Scrutiny on Crypto as It Risks Undermining Sanctions Against Russia

U.S. Senator Elizabeth Warren is worried that “cryptocurrencies risk undermining sanctions against Russia.” She urges financial regulators “to take this threat seriously and increase their scrutiny of digital assets.” Senator Elizabeth Warren Worried Russia Could Use Cryptocurrency to Evade Sanctions As governments worldwide are placing sanctions on Russia following its invasion of Ukraine, U.S. Senator Elizabeth Warren is worried that cryptocurrency could give Russia a way to evade sanctions. The senator from Massachusetts tweeted Monday: Cryptocurrencies risk undermining sanctions against Russia, allowing Putin and his cronies to evade economic pain.…

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Jan. 6 committee says Trump violated multiple laws in effort to overturn election

The Jan. 6 select committee says its evidence has shown that then-President Donald Trump and his campaign tried to illegally obstruct Congress’ counting of electoral votes and “engaged in a criminal conspiracy to defraud the United States.” In a major release of its findings, filed in federal court late Wednesday, the committee suggested that its evidence supported findings that Trump himself violated multiple laws by attempting to prevent Congress from certifying his defeat. “The Select Committee also has a good-faith basis for concluding that the President and members of his…

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Jan. 6 probe points lawmakers more and more toward GOP colleagues

There’s only a few weeks left until the lawmakers investigating the Capitol attack intend to hold their first public hearing — and they’re redoubling their focus on how their own GOP colleagues may have helped Donald Trump’s efforts to subvert the 2020 election. Recent court filings, subpoenas and conversations with members of the Jan. 6 select committee show they’re homing in on interactions that Republican members had with Trump and his allies in the weeks preceding the riot. One critical pressure point is the committee’s search for communications between members…

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‘The tip of this mob’s spear’: Prosecutors begin first Jan. 6 trial

When Guy Reffitt, a Texas militia member charged with storming the Capitol on Jan. 6, 2021, advanced on Congress, prosecutors say, he did it with specific targets in mind: Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell. A Justice Department lawyer laid out the case against Reffitt in opening remarks Wednesday at Reffitt’s criminal trial, the first to emerge from the Jan. 6 attack — with the government describing the mob assault on Congress in stark, foreboding terms. “The heart of democracy was attacked by a mob in what…

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Feds net first guilty plea in Jan. 6 seditious conspiracy case

Joshua James, one of the 11 Oath Keepers militia affiliates indicted earlier this year on a charge of seditious conspiracy alongside the group’s founder, Stewart Rhodes, on Wednesday became the first person to plead guilty to the sedition-related charge in connection with the storming of the Capitol on Jan. 6, 2021. Under a plea deal revealed at a hearing on Wednesday evening, James has agreed to cooperate with prosecutors, who appear to view him as an important witness against Rhodes. During the hearing before U.S. District Court Judge Amit Mehta,…

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Texas delivers a mixed message to the left

Progressives needed a good election night in Texas. They got something just short of that. A liberal candidate won a closely watched congressional primary in Austin and another is headed to a runoff in a Dallas-area House race with a big lead. But the left was unable to deliver a knockout blow to the incumbent conservative Democrat they’ve been targeting for years. Progressives had hoped a clean sweep of three House seats on Tuesday would give them a burst of momentum at the outset of a primary season that will…

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Mobius Capital Founder Explains Why Bitcoin Is Rallying Amid Russia-Ukraine War

Veteran investor Mark Mobius, the founder of Mobius Capital, explains why the price of bitcoin is rallying as the Russia-Ukraine crisis deepens. “Bitcoin is showing strength now because the Russians have a way of getting money out,” he said. Mark Mobius on Why Bitcoin’s Price Is Rising The founder of Mobius Capital Partners, Mark Mobius, explained why the price of bitcoin has been rallying in an interview with CNBC Tuesday as the crisis between Russia and Ukraine escalates. Prior to starting his own company, Mobius was executive chairman of Templeton…

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UK Regulator Bans Floki Inu Ad for Being Irresponsible, Exploiting Investor FOMO

The U.K.’s advertising authority has banned an ad for cryptocurrency floki inu (FLOKI). The authority says the ad’s “Missed Doge? Get Floki” claim “exploited consumers’ fears of missing out and trivialized investment in cryptocurrency.” The ad was also “irresponsible” and “took advantage of consumers’ inexperience or credulity,” the regulator said. Floki Ad Banned in the UK The Advertising Standards Authority (ASA), the U.K.’s regulator of advertising, published its “Ruling on Floki Inu” Wednesday. The advertising authority began investigating an ad campaign for floki inu (FLOKI), the cryptocurrency inspired by Elon…

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