Biden expected to issue executive order on crypto and CBDCs next week: Report
Both President Barack Obama and the previous administration issued executive orders related to digital assets. Go to Source Powered by WPeMatico
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SEC chair hints at no spot Bitcoin ETFs yet, but cites ‘careful consideration’ for future
Gary Gensler reiterated his stance of being technology-neutral, but that he would give “careful consideration” to the concerns Representatives Tom Emmer and Darren Soto raised. Go to Source Powered by WPeMatico
FBI is launching team to address crypto exploitation: US Deputy Attorney General
“The currency might be virtual, but the message to companies is concrete: if you report to us, we can follow the money and not only help you, but hopefully prevent the next victim,” said Lisa Monaco. Go to Source Powered by WPeMatico
Colorado governor says he expects state to accept tax payments in crypto by summer
The governor added that paying taxes in crypto was likely just the first step, with using digital asset payments for certain licenses to follow “within a few months.” Go to Source Powered by WPeMatico
Binance.US is under investigation from SEC over trading affiliates: Report
Binance CEO Changpeng Zhao allegedly has connections to two market makers buying and selling crypto on Binance.US. Go to Source Powered by WPeMatico
Concerns over Fed nominee may stop Senate from confirming Biden’s picks: report
Republicans are reportedly calling for a boycott of voting on nominees to the Federal Reserve related to allegations Sarah Bloom Raskin lobbied the president of the Kansas City Fed on behalf of fintech firm Reserve Trust. Go to Source Powered by WPeMatico
US lawmaker introduces bill for government-backed insurance of ‘qualified’ stablecoins
“For cryptocurrency to grow and thrive here in the United States, instead of overseas, we must provide more direction and certainty to the marketplace to help boost innovation and protect consumers,” said Josh Gottheimer. Go to Source Powered by WPeMatico
Crypto at the Olympics: NFT skis, Bitcoin bobsledders and CBDC controversy
Bitcoin and nonfungible tokens are all over the Olympics this year while China’s CBDC is there too amid a controversial rollout. Go to Source Powered by WPeMatico
Law Decoded: States’ crypto rights and the influx of digital money into analog politics, Feb. 7–14.
As U.S. Congress continues its crypto education at a measured pace, states race to explore the benefits of financial innovation. Go to Source Powered by WPeMatico
SEC hits BlockFi with a $100 million penalty, gives 60 days to comply with a 1940 law
The penalty comes after months of heightened regulatory attention to crypto lending platforms. Go to Source Powered by WPeMatico