BTC rebounded and broke through 57,000 USDT, and the 24-hour decline narrowed to 2.64%
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US lawmakers push for hostage designation in Binance exec’s detention in Nigeria
Quick Take Two U.S. congressmen, Rich McCormick and French Hill, have submitted a resolution to the House Committee on Foreign Affairs, urging the U.S. government to declare the detention of Binance executive Tigran Gambaryan in Nigeria as a hostage situation. The resolution calls for the Nigerian government to immediately release Gambaryan, a U.S. citizen, citing his deteriorating health in Kuje Prison.
SEC allows certain firms to skirt controversial crypto accounting bulletin
Quick Take Some firms have proposed business practices that the SEC agrees could exempt them from controversial crypto accounting guidance, according to an SEC source. Firms have consulted with the SEC on crypto policies since SAB 121 was released. The SEC allows exemptions with proven procedures and technology for customer crypto recovery in bankruptcies.
