US SEC wants to work with Congress to regulate crypto exchanges
SEC head Gary Gensler said that the authority spends only $325 million a year on tech, which is less than some industry players spend in two weeks. Go to Source Powered by WPeMatico
Congress
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Banks cautious about crypto ahead of COVID-19 testimony before US Senate
CEOs of major American banking institutions are heading to Washington to face legislators’ questions about how they will aid a post-pandemic economic recovery. Go to Source Powered by WPeMatico
US lawmaker introduces bill aimed at protecting ‘forked assets’ from IRS
This is the third time Rep. Emmer has introduced the bill to the House of Representatives, but the first with a Democrat in the presidency. Go to Source Powered by WPeMatico
Gensler sticks up for Bitcoin before Congress, but doesn’t say much new
The Senate held its first hearing on Gary Gensler’s nomination to chair the SEC today. Go to Source Powered by WPeMatico
Congress worries crypto used to fund domestic terrorism, Capitol insurrection
U.S. Congress subcommittee says that bank reporting methods led to Capitol attack arrests but worries that Bitcoin might have helped fund the insurrection. Go to Source Powered by WPeMatico
Law Decoded: Bringing blockchain into securities markets, Feb. 12–19
But security tokens are not ready to take over the world quite yet. Go to Source Powered by WPeMatico
Congress is blaming Robinhood, not Reddit
We didn’t learn much new in today’s hearing, but the spotlight was definitely on the gamified trading app, rather than the traders on r/WallStreetBets. Go to Source Powered by WPeMatico
Robinhood, Melvin, and Citadel execs expected to testify on GameStop before Congress
The price of GME has fallen almost 90% since lawmakers first called for a hearing. Go to Source Powered by WPeMatico
Amid hiring spree, Blockchain Association adds Token Taxonomy Act guru to team
The former aide to Representative Davidson will join crypto’s leading trade association. Go to Source Powered by WPeMatico
Pro-Bitcoin US Lawmaker Cynthia Lummis Joins Senate Banking Committee, Plans to Convince Janet Yellen BTC Is Great Store of Value
Pro-bitcoin U.S. Senator Cynthia Lummis has been appointed to the Senate banking committee. She has been talking to Janet Yellen and has outlined her plans to help the new Treasury Secretary and other U.S. lawmakers understand that bitcoin is a great store of value. Lummis says that Yellen has an open mind on this topic … Read more