The amendments marked the latest Democratic Party-driven push to prevent US officials from profiting off of crypto interests. US Democratic Senators working on crypto market structure legislation filed several amendments on Friday, including measures to address conflicts of interest with US officials profiting from the crypto industry. The ethics-focused amendments were filed ahead of the Senate Agriculture Committee’s markup for the crypto market structure legislation this Tuesday, which seeks to give greater clarity on federal rules for digital assets, define agency oversight, and bring regulatory certainty to investors and market participants. One of the most notable amendments was Senator Michael Bennet’s purported inclusion of the Digital Asset Ethics Act into the crypto market structure legislation to prevent US officials from profiting from the crypto industry. Read more
ABBOTTABAD: Rescue officials remove snow from their vehicle after heavy snowfall blanketed the Galiyat with a coat of white. According to the Met Office, more rain and snowfall is expected in various parts of the country from Sunday.—Dawn • KKH, other major roads blocked • Murree sees 15 inches of snow • Quetta records coldest night at -13°C • More rain, snow expected from Sunday CHITRAL/GILGIT/RAWALPINDI/QUETTA: At least nine members of a family were killed when a snow avalanche buried their house in Chitral on Friday, as heavy snowfall, avalanches and landslides brought life to a standstill across Khyber Pakhtunkhwa, Balochistan, Gilgit-Baltistan and Azad Kashmir, blocking roads, stranding travellers and disrupting electricity and relief operations amid freezing temperatures. The avalanche struck a house in Serigal village of the Damil area in the extreme south of the district on Friday afternoon. Lower Chitral Deputy Commissioner Hashim Azim said the bodies were recovered from the debris, while a nine-ye...
The Office of the Comptroller of the Currency said no political or personal financial ties will impact the procedural review of World Liberty Financial’s bank charter application. The Office of the Comptroller of the Currency has knocked back US Senator Elizabeth Warren’s bid to pause the review of World Liberty Financial’s application for a national trust bank charter, a move she sought until US President Donald Trump divests his stake in the crypto platform. The OCC’s Jonathan Gould confirmed on Friday that WLF’s application will be evaluated under existing regulatory standards while emphasizing that no political or personal financial ties will impact the procedural review of the bank charter. “The OCC intends to act consistent with this duty rather than your demand,” he said in response to Warren’s Jan. 14 letter. Read more