Blockchain Association files support in suit to lift Tornado Cash sanctions
The crypto advocacy group said OFAC must act within its statutory authority by sanctioning bad actors, not open-source software tools. Go to Source
Congress
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US regulators continue to discuss crypto: Law Decoded, Nov. 13–20
Elizabeth Warren continues pressing for tighter regulation, and Vivek Ramaswamy promises to defend crypto from the government’s overreach if elected. Go to Source
Congress members urge financial authorities to invalidate SEC’s SAB 121
Congress members write in a memo that Federal banking agencies should not require financial institutions providing custody services for digital assets to maintain capital against the assets. Go to Source
US House Financial Services subcommittee looks for answers on crypto and crime
Reports on crypto funding terrorism and blockchain forensics were confusing, but everyone agreed on the need for collaboration and regulation. Go to Source
First deadline window looms for SEC to approve Bitcoin ETFs: Law Decoded
Even if approved by Nov. 17, the spot Bitcoin ETFs are unlikely to come to market for at least a month after approval. Go to Source
Ethics watchdog rats out Circle for links to Tron in letter to Sens. Warren, Brown
The Campaign for Accountability wanted to let the anti-crypto senators know that the threat of terrorist financing with crypto was worse than they thought. Go to Source
Rep. Tom Emmer proposes to defund SEC’s crusade against crypto
Rep. Tom Emmer added a provision in the House GOP spending bill that would block the SEC from using government funds to pursue crypto companies until Congress weighs in on who has jurisdiction over crypto. Go to Source
GAO finds controversial SEC guidance is subject to congressional oversight
The SEC’s Staff Accounting Bulletin 121 has been the target of much criticism in the crypto community. Go to Source
Cynthia Lummis leads the charge calling for DOJ action against Binance and Tether
U.S. Senator Cynthia Lummis and Representative French Hill urged the Justice Department to take “swift action” against Binance and Tether over facilitating funds for Hamas. Go to Source
US lawmakers discuss digital assets and the House gets a new Speaker
With the election of Mike Johnson as speaker of the U.S. House of Representatives, Congress will once again be able to move forward on crypto bills. Go to Source
