American regulators are pushing hard against crypto: Law Decoded, Feb. 28–March 6
Crypto mining operators, custodians and Binance personally received a fine doze of the United States officials’ attention last week. Go to Source Powered by WPeMatico
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Senators renew call for EPA investigation of crypto mining emissions data
Sen. Edward Markey and Rep. Jared Huffman want miners to disclose emissions data and the EPA to lead an investigation of their impact. Go to Source Powered by WPeMatico
US lawmaker behind crypto mining legislation urges Zuck not to offer metaverse to teenagers
A letter from two U.S. senators cited reports of Instagram being behind many teenagers experiencing suicidal thoughts, and Meta’s failure to stop harmful ads aimed at young adults. Go to Source Powered by WPeMatico
Rep. Maxine Waters says all US regulators ‘better get together on crypto’
According to Representative Maxine Waters, the crypto market crash and bankruptcies gave U.S. lawmakers an opportunity of “getting accountability” in the space through legislation. Go to Source Powered by WPeMatico
US lawmaker introduces bill aimed at limiting Fed’s authority on digital dollar
If passed, the legislation could prohibit the Fed from issuing a digital dollar “directly to anyone”, as well as bar the bank from implementing monetary policy based on a CBDC. Go to Source Powered by WPeMatico
Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry
Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law enforcement. Long’s post followed Custodia’s unsuccessful application to become a member of the Federal Reserve System, … Read more
Brazilian Government Preparing New Decree to Clarify Cryptocurrency Rules
The Brazilian government is preparing to release a decree to fill the blank spaces that the recent approval of the cryptocurrency law has left open. The document, prepared by the Ministry of Finance, will establish the areas of oversight and responsibilities for the Central Bank of Brazil and the national securities regulator (CVM). Brazilian Government … Read more
FTX Bankruptcy Judge Denies US Trustee’s Request for Independent Examiner
The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns that the examiner could cost creditors tens of millions of dollars. The U.S. Trustee’s Argument for an Independent … Read more
US lawmakers reintroduce bill to removing roadblocks for crypto investments in retirement accounts
Four Republican senators have signed on to a bill aimed at barring the U.S. Department of Labor from investigating individuals “using brokerage windows to invest in cryptocurrency”. Go to Source Powered by WPeMatico
US lawmakers and experts debate SEC’s role in crypto regulation
Senator Tim Scott questioned whether the SEC had been “asleep at the wheel” amid major bankruptcies in the crypto space causing the loss of millions in user funds. Go to Source Powered by WPeMatico