EU MiCA crypto regulation is a ‘balancing act’: Paris Blockchain Week 2023 Industry experts and regulators weigh in on the European Union’s proposed MiCA rules at Paris Blockchain Week. Event Own this piece of history Collect this article as an NFT Regulators and industry players highlighted a number of implications and potential impacts of the European Union’s Markets in Crypto-Assets (MiCA) regulation at the Paris Blockchain Week […]
Texas lawmaker introduces resolution to protect Bitcoin miners and HODLers The Lone Star State is already home to many crypto and blockchain firms as well as miners taking advantage of the regulatory-friendly environment. News Own this piece of history Collect this article as an NFT Cody Harris, member of the Texas House of Representatives, has introduced a resolution aiming to have the legislature say the […]
Florida gov and US presidential hopeful calls for CBDC ban "What the central bank digital currency is all about is surveilling Americans and controlling behavior of Americans," said Ron DeSantis at a 'Big Brother’s Digital Dollar' podium. News Own this piece of history Collect this article as an NFT Ron DeSantis, the Governor of Florida expected by many to throw his hat into the ring […]
Blockchain Association seeks info from Fed, FDIC, and OCC on 'de-banking' crypto firms The association submitted Freedom of Information Act requests as part of an investigation into how regulators’ actions “improperly contributed” to the collapse of three banks. News Own this piece of history Collect this article as an NFT The United States-based crypto advocacy group Blockchain Association called on financial regulators to provide information related to the […]
Senator Warren says Fed chair 'has to recuse himself' from reviewing regulatory failures Jerome Powell called for a “thorough, transparent, and swift review” of the Federal Reserve's supervision and regulatory activities following Silicon Valley Bank's closure. News Own this piece of history Collect this article as an NFT Massachusetts Senator Elizabeth Warren, one of the more prominent anti-crypto voices in the United States Congress, has called on Jerome […]
US lawmaker accuses FDIC of using banking instability to attack crypto The collapse of Signature Bank, Silicon Valley Bank, and Silvergate Bank has had many in the space reeling — but is the U.S. government trying to "choke off digital assets”? News Own this piece of history Collect this article as an NFT Tom Emmer, Majority Whip of the United States House of Representatives, has reiterated […]
US regulators shut down Signature Bank despite 'no insolvency': Report Barney Frank, a former member of the United States House of Representatives, has reportedly suggested New York regulators closed the crypto-friendly Signature Bank as part of a seeming show of force. According to a March 13 CNBC report, Frank — also a board member of Signature Bank — said the only indication of problems at […]
Shareholders file lawsuit against Silicon Valley Bank, alleging fraud: Report A group of shareholders have reportedly filed a lawsuit against Silicon Valley Bank’s parent company and some of its executives amid the unfolding crisis. Multiple news outlets reported on March 13 that many Silicon Valley Bank shareholders alleged fraud from the bank, CEO Greg Becker and chief financial officer Daniel Beck. The lawsuit would likely […]
Investors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CEO The collapse of crypto exchange FTX and other bearish events in the space were at the center of discussions among lawmakers and witnesses at the inaugural hearing of the United States House Committee on Financial Services’ Subcommittee on Digital Assets, Financial Technology and Inclusion. Addressing lawmakers at the March 9 hearing, BitGo co-founder and CEO […]
House Republicans directly criticize Biden administration for digital asset policies Statements from Republican lawmakers ahead of the inaugural hearing of the United States House of Representatives subcommittee focused on digital assets, financial technology and inclusion suggest partisan divides on crypto regulation. In a March 6 memo, House Financial Services Committee Republicans said the first hearing of the Subcommittee on Digital Assets, Financial Technology, and Inclusion […]
US REPO task force names crypto as target in efforts involving $58B in sanctioned assets The United States Treasury has announced deputies of the multilateral Russian Elites, Proxies, and Oligarchs, or REPO, Task Force have targeted crypto in Russian entities’ attempts to evade sanctions. In a March 9 announcement, the U.S. Treasury said the task force had blocked or frozen more than $58 billion worth of assets subject to sanctions […]
Crypto bill draft will be released in April, says Senator Gillibrand According to United States Senator Kirsten Gillibrand, a new draft of the bipartisan crypto bill pioneered by herself and Senator Cynthia Lummis will be released to the new Congress after being deferred in 2022. In a March 8 Senate Agriculture Committee hearing on oversight of the Commodity Futures Trading Commission, Senator Gillibrand asked CFTC chair […]
CFTC continues to explore digital asset policy considerations in MRAC meeting The United States Commodity Futures Trading Commission, or CFTC, was a part of discussions on a regulatory framework for digital assets as well as use cases for blockchain technology. In a March 8 meeting of the CFTC’s Market Risk Advisory Committee, commissioners, regulators, and industry representatives were scheduled to discuss “critical policy considerations” as part […]
US lawmakers planning to reintroduce bill aimed at fixing crypto reporting requirements: Report A group of United States lawmakers is reportedly planning to reintroduce legislation to change the reporting requirements for certain taxpayers involved in crypto transactions. According to a March 7 report from Punchbowl News, Representatives Patrick McHenry and Ritchie Torres plan to reintroduce the Keep Innovation in America Act. McHenry was one of the leading voices […]
Puerto Rico Defines Act 60 Tax Exemptions for Blockchain Companies The Economic and Commerce Development Department of Puerto Rico (DDEC) has issued a document in which it defines the rules that blockchain projects must follow to receive tax benefits that the state offers companies. The action seeks to create an “atmosphere of certainty and stability” for blockchain companies, according to DDEC Secretary Luis Cidre. Puerto […]
Financial Regulatory Authority FSB Pushes International Regulations For DeFi The Financial Stability Board (FSB), also known as the financial watchdog powered by the Bank for International Settlements, is attempting to broaden the international regulations focused on the decentralized finance sector. A report was issued by the FSB on the risks posed by decentralized finance to financial stability. FSB Suggests Expanding DeFi Regulations Including Stablecoins […]
Payment Giants Visa and Mastercard Push Back Launch of Crypto Products due to Uncertain Market Conditions Source: iStock/onebluelight Visa and Mastercard, the two largest payment card network processors in the world, have decided to push back the launch of their crypto-related products and services due to uncertain market conditions. The payment giants also plan to slow down their crypto push and pause new partnerships with companies working in the digital asset […]
FATF agrees on roadmap for implementation of crypto standards The Financial Action Task Force, or FATF, reported its delegates had come to an agreement on an action plan “to drive timely global implementation” of global standards on cryptocurrencies. In a Feb. 24 publication, the FATF said the plenary for the financial watchdog — consisting of delegates from more than 200 jurisdictions — met in […]
Bitcoin price continues to fall, but derivatives data hints at a short-term rally to $25K It’s possible that many people have already forgotten that Bitcoin’s (BTC) price closed 2022 at $16,529 and the recent rebound and rejection at the $25,000 level could raise concern among certain investors. Bears are pushing back at the $25,000 level and there has been multiple failed attempts at the level between Feb. 16 and Feb. […]
US lawmaker introduces bill aimed at limiting Fed's authority on digital dollar Minnesota Representative Tom Emmer has introduced legislation in the United States House of Representatives that could limit the Federal Reserve from issuing a central bank digital currency, or CBDC. In a Feb. 22 announcement, Representative Emmer said he had introduced the ‘CBDC Anti-Surveillance State Act’ in an apparent effort to protect Americans’ right to financial […]
