Warren aims for “cryptocurrency lending”

Bay State Sen. Elizabeth Warren took aim at cryptocurrencies at a Senate hearing Tuesday, demanding answers about who controls money laundering on blockchains.

“It’s not just Hamas and terrorists that are using crypto financing. North Korea, ransomware gangs, drug traffickers, distributors of child sexual abuse materials, name the bad guys. The way to move it is through cryptocurrencies,” Warren said at a hearing before the Banking, Housing and Urban Affairs Committee.

Warren said that without comprehensive anti-money laundering (AML) protections called for by the Treasury Department, any regulatory framework for stablecoins risks increasing opportunities for bad actors to use cryptocurrencies as a source of funding. I warned you.

Machine manufacturer targeted for sleep apnea syndrome

A long-awaited settlement announced Tuesday by federal regulators means the company responsible for a global recall of sleep apnea devices will be barred from restarting production at its U.S. facilities until it meets a number of safety requirements. became.

A court order released by the U.S. Department of Justice requires Philips to overhaul its manufacturing and quality control systems and hire independent experts to review changes. The department also said the company must continue to provide replacements, repairs or refunds to all U.S. customers who received defective devices.

This action is a major step toward resolving the largest medical device recall in history, which has continued for nearly three years.