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
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Nebraska signs law to authorize state-chartered banks to custody crypto
The bill was co-authored with the cryptocurrency firm Telcoin and introduced by Republican state senator Mike Flood. Go to Source Powered by WPeMatico
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
Biden administration is reportedly reviewing ‘gaps’ in crypto regulation
White House officials are believed to be examining existing rules around cryptocurrencies and whether new restrictions are needed to protect investors from massive drawdowns like we saw last week. Go to Source Powered by WPeMatico
Powers On… Why the SEC, CFTC or FTC needs to check in on Elon Musk’s frenzied crypto tweets
Elon Musk, here we go again: It is not the first time his reckless tweeting has caused serious problems, but this time they’re for crypto. Go to Source Powered by WPeMatico
Fraudsters Impersonate a US Federal Agency by Sending Emails Asking for Bitcoin Wallet Keys
U.S. consumers have been receiving fake emails that attempt to impersonate a federal regulatory agency which has raised alarms among crypto community members. The U.S. Office of the Comptroller of the Currency (OCC) warned that such bogus messages ask people for their bitcoin wallet keys. Fictitious Message Contains Several Grammar Mistakes and Typos According to … Read more
Agricultural fund provider Teucrium files with SEC for Bitcoin ETF
Agriculture-focused fund provider Teucrium Trading filed an application with the U.S. SEC to launch a Bitcoin ETF tracking BTC futures. Go to Source Powered by WPeMatico
Privacy coin Monero pumps 31% amid US taxation plans
Monero’s surge amid cryptocurrency taxation news adds to an 84% bounce since the recent market crash. Go to Source Powered by WPeMatico
Fed will issue discussion paper on benefits and risks of CBDC, says Jerome Powell
“Irrespective of the conclusion we ultimately reach, we expect to play a leading role in developing international standards for CBDCs,” said the Fed chair. Go to Source Powered by WPeMatico
US Treasury proposes crypto transactions over $10K be reported to IRS
Saying crypto posed “a significant detection problem by facilitating illegal activity,” the government body specifically mentioned crypto businesses were in its crosshairs. Go to Source Powered by WPeMatico