After Massachusetts Senator Elizabeth Warren's claimed that the Comptroller may have violated US banking laws by approving crypto companies’ charters, The Digital Chamber urged the regulator to defend the applications. Update (May 26 at 9:30 pm UTC): This article has been updated to include statements from The Digital Chamber. The Digital Chamber, a cryptocurrency advocacy group that has been closely involved in negotiations with US lawmakers over digital asset-related legislation, questioned three-term Massachusetts Senator Elizabeth Warren’s understanding of banking laws as applied to crypto companies. In a Tuesday letter to the US Comptroller of the Currency (OCC) Jonathan Gould, Digital Chamber CEO Cody Carbone challenged many of the claims in the Massachusetts lawmaker’s May 18 letter. In that letter, Warren said that the OCC may have violated the National Bank Act by approving national trust charters for nine crypto companies “that intend to engage in activities that appear to go far beyond the narrow s...
Wall Street’s semiconductor-driven surge is fueling fresh momentum for crypto miners betting their power-heavy infrastructure can support the AI boom. Several Bitcoin mining stocks rallied Tuesday, reflecting a broader equity surge driven by optimism around artificial intelligence productivity gains as more miners pivot toward AI and high-performance computing workloads. In addition to TeraWulf (WULF), which rallied by as much as 17% on news of a Kentucky data center acquisition site, Hut 8 (HUT), IREN (IREN) and Riot Platforms (RIOT) closed more than 5% higher on the day. The rally underscores growing investor enthusiasm for Bitcoin miners that are repurposing parts of their energy infrastructure and data center capacity to support AI and high-performance computing applications — businesses viewed as potentially more stable and lucrative than crypto mining alone. Read more
Formerly Huobi Global, the exchange is the latest entity to be named as part of a crackdown on companies “exploited by Russia to circumvent UK sanctions.” The UK government has added cryptocurrency exchange HTX to its list of sanctioned entities over its support of Russia. On Tuesday, UK authorities said that there were “reasonable grounds to suspect” HTX, formerly Huobi Global, has been supporting Russia’s government through financial services and funds facilitated by the A7 Limited Liability Company and Garantex, other sanctioned entities. The crypto exchange, headquartered in Panama, was the latest to be named as part of a crackdown on entities “exploited by Russia to circumvent UK sanctions.” “If the Kremlin thinks it can evade our sanctions by hiding behind crypto networks and shadow financial systems, it is gravely mistaken,” said UK Foreign Secretary Yvette Cooper. Read more
WULF shares surged on Tuesday after the Bitcoin miner announced its latest move to expand into AI and HPC through a multi-phase buildout through 2030. Bitcoin miner TeraWulf has acquired a large data center development site in the US state of Kentucky, adding significant capacity to its artificial intelligence and high-performance computing (HPC) business as miners continue diversifying beyond Bitcoin. TeraWulf said Tuesday the site could eventually support more than 1 gigawatt of AI and HPC capacity. The company expects the first 500 megawatts to come online in 2028, with another 500 megawatts targeted by 2030. The site includes planned grid infrastructure and long-term power agreements, underscoring TeraWulf’s ongoing shift toward AI and HPC hosting alongside its traditional Bitcoin mining operations. Read more