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U.S.Regulators Urge District Court to Compel Block to Comply with Investigative Requests



Time:8/20/2022 12:37:11 PM

Jinse Finance reported that the U.S. Consumer Financial Protection Bureau (CFPB) asked a federal judge to urge Block to fully comply with investigation requirements related to its Cash App payment tool.

In a petition filed Thursday, the CFPB is urging the U.S. District Court for the Northern District of California to enforce a civil investigation requirement. The CFPB said in the petition that Block, a digital payments company led by CEO Jack Dorsey, has not provided all the documents and data requested by the CFPB in August 2020 and August 2021.

In the petition, the CFPB said it could not sit by and allow its investigation to be hindered by Block's "slow progress."

A Block spokesman said in an email that Block was "disappointed" that the CFPB chose to file its petition despite the company's "regular communication" and cooperation. (Bloomberg)

Other news:

Mike McGlone: U.S. regulation unlikely to disrupt Bitcoin's development: Bloomberg's chief commodity strategist Mike McGlone shared some thoughts on the current state of gold, the dollar and Bitcoin on Twitter today opinion. He believes that U.S. regulatory measures are unlikely to disrupt the development of Bitcoin. As the overall digitization of money and finance is happening “rapidly and organically,” the U.S. dollar continues to dominate and Bitcoin is gradually replacing gold. ( [2021/8/18 22:20:20]

U.S. regulators will adopt blockchain education programs to promote antitrust enforcement: According to news on October 15, Michael Murray, assistant prosecutor of the U.S. Department of Justice, said in a recent speech that U.S. regulators are considering antitrust enforcement work. Adopt a blockchain education program to understand the new technology and its role in new and existing business models. (BeInCrypto)[2020/10/15]

Voice | Tim Draper: Bitcoin is good for mankind, and U.S. regulators should give it space to develop: American venture capitalist Tim Draper said in an interview that Bitcoin is good for mankind, and U.S. federal regulators should give it room to flourish. With Facebook’s Libra coming under fire from all sides and bitcoin being thrust into the spotlight, Draper said more exposure is good for bitcoin overall: “It brings everything into the light. It puts people in the spotlight.” It’s a good thing to talk about Bitcoin because the more they talk about it, the more they realize how important it is to the world, to all of us.” The seasoned tech investor said cryptocurrencies could lower transactions costs and make international payments easier, thereby benefiting humanity. Draper said, "This is one of the best things for us." (CNBC) [2019/7/20]

Citigroup has added two executives to its digital assets team

Jinse Finance reported that Citigroup has added two executives to its digital asset.

Block Chain:8/17/2022 12:30:07 PM
The Discord server of the NFT project BigfootTown NFT was attacked

Jinse Finance News, according to CertiK monitoring.

Block Chain:8/17/2022 12:29:57 PM
Slope security incident update: The wallet version on June 24 sent the private key to Sentry, and it is impossible to prove that the root cause is Slope

[Slope security incident update: The wallet version on June 24 sent a private key to Sentry.

Block Chain:8/17/2022 12:31:05 PM
Fed Minutes: 'Little Evidence' That Inflationary Pressures Are Fading

news on August 18.

Block Chain:8/18/2022 12:32:48 PM
Data: The transaction volume of BAYC series NFT has increased by more than 100% in the past 24 hours

Jinse Finance reported that according to Op.

Block Chain:8/18/2022 12:32:37 PM
Fed Bullard: Tend to raise interest rates by 75 basis points in September

Golden Finance reported that Fed Bullard said he is inclin.

Block Chain:8/19/2022 12:35:00 PM
Cardano Rosetta 1.8.0 version supported by Vasil protocol has been released.

Jinse Finance reported that according to the Github data shared.

Block Chain:8/17/2022 12:31:39 PM