Web3/Crypto News
Sen. Lummis: We need to strengthen the 'U.S. dollar with a strategic bitcoin reserve'
Senator Cynthia Lummis has called for Congress to "urgently" pass bipartisan legislation to establish a legal framework for digital assets and bolster the U.S. dollar through a strategic bitcoin reserve.
Blockchain lawyer: Asking 'regulators for permission to innovate' may lead to 'no innovation'
Florian Glatz, blockchain lawyer, said that when startups are required to seek regulatory approval to innovate, it stifles innovation, like the EU, which could have been a leader in this area in comparison to the U.S.
Latest News
Mark T. Uyeda appointed acting chairman of SEC by President Trump
By Federal Newswire | Jan 24, 2025
The Securities and Exchange Commission (SEC) has announced that President Donald J. Trump has appointed Mark T. Uyeda as the Acting Chairman of the agency.
House committee investigates debanking practices affecting crypto firms
By Federal Newswire | Jan 24, 2025
The Blockchain Association, in collaboration with key digital asset companies and investors, has received a letter from the House Committee on Oversight and Government Reform.
State Rep. Teuscher announces Bitcoin reserve bill: Utah to 'lead the nation' in digital innovation
By Federal Newswire | Jan 23, 2025
Jordan Teuscher, a state representative for Utah's 42nd district, has introduced HB230, a bill aimed at fostering blockchain innovation by permitting the state to invest in digital assets.
SEC forms new task force to develop crypto asset regulations
By Federal Newswire | Jan 22, 2025
The U.S. Securities and Exchange Commission (SEC) Acting Chairman Mark T. Uyeda announced the creation of a new task force aimed at establishing a clear regulatory framework for crypto assets.
Weekend Interview: Timothy Massad on the Future of Crypto Innovation and Regulation
By Federal Newswire | Jan 21, 2025
Timothy Massad, a seasoned financial regulator and expert on digital assets, is a research fellow at Harvard's Kennedy School of Government. He previously served as Chairman of the U.S. Commodity Futures Trading Commission (CFTC) and worked on the Troubled Asset Relief Program (TARP). He met with Federal Newswire to discuss controversies around cryptocurrency, including how policy makers should think about regulations for the industry.
WSPN CEO on Operation Chokepoint 2.0: 'The truth will come out'
By Federal Newswire | Jan 21, 2025
Austin Campbell, CEO of the global digital payments company WSPN, has called for "major consequences" and legal reforms if investigations reveal that federal efforts to debank the crypto industry were coordinated and intentional.
AIMA head of Americas: Survey reveals 'significant challenges U.S. crypto hedge funds face in accessing basic banking services'
By Federal Newswire | Jan 16, 2025
Michelle Noyes, head of Americas at the Alternative Investment Management Association (AIMA), said that a survey found banking services for many U.S. crypto hedge funds have been restricted, hindering innovation and economic growth.
Digital Chamber files amicus brief in SEC v. Balina case
By Federal Newswire | Jan 16, 2025
The Digital Chamber has filed an amicus brief in the U.S. Court of Appeals for the Fifth Circuit, supporting Ian Balina's appeal against a district court judgment.
Coin Center fellow sues DOJ over software development criminalization
By Federal Newswire | Jan 16, 2025
Coin Center Fellow Michael Lewellen has initiated legal action against the Department of Justice (DOJ) concerning their interpretation of unlicensed money transmission statutes.
Blockchain Association elects 2025-27 Board with diverse industry leaders
By Federal Newswire | Jan 15, 2025
The Blockchain Association has announced the election of its Board of Directors for the 2025-27 term.
Columbia Business professor calls J.P. Morgan’s Bitcoin stance a '$2T exception'
By Federal Newswire | Jan 14, 2025
Columbia Business School professor Omid Malekan has raised questions regarding J.P. Morgan's involvement with Bitcoin, highlighting a potential conflict with regulatory standards and the past criticism of the cryptocurrency by the bank's CEO,...
Blockchain Association CEO: Court's ruling a 'definitive rebuke' of SEC's crypto stance
By Federal Newswire | Jan 14, 2025
Kristin Smith, CEO of the Blockchain Association, described a U.S. court's ruling as a "definitive rebuke" of the Securities and Exchange Commission's (SEC) regulation-by-enforcement approach to cryptocurrency.
Sen. Cynthia Lummis calls Bitcoin 'the future' in response to Parker Lewis' book
By Federal Newswire | Jan 13, 2025
Senator Cynthia Lummis expressed her view on Bitcoin in a January 7 post on X, stating, "It’s about the future," in response to Parker Lewis' book "Gradually, Then Suddenly."
FDIC vice chairman: 'Efforts to debank law-abiding customers are unacceptable'
By Federal Newswire | Jan 13, 2025
Federal Deposit Insurance Corporation (FDIC) Vice Chairman Travis Hill has called for the agency to address "debanking," a practice where individuals and companies are denied banking services due to their association with digital assets.
Bryan Steil named chair of subcommittee on digital assets
By Federal Newswire | Jan 12, 2025
Congressman Bryan Steil from Wisconsin's 1st District has been appointed to lead the Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence in the 119th Congress.
Coinbase CLO on Chokepoint 2.0: FDIC 'show a coordinated effort to stop a wide variety of crypto activity'
By Federal Newswire | Jan 10, 2025
Paul Grewal, Chief Legal Officer at Coinbase, said that newly unredacted letters from the Federal Deposit Insurance Corporation (FDIC) reveal a coordinated effort to stifle cryptocurrency activities.
Former CFTC chair: 'U.S. first needs to get its own policies in order' before moving toward global crypto framework
By Federal Newswire | Jan 10, 2025
Former Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad has emphasized the need for the United States to clarify its laws regarding the cryptocurrency industry before progressing towards a global regulatory framework.
CFPB proposes new rules for virtual currency wallets without distinguishing custody types
By Federal Newswire | Jan 10, 2025
The Consumer Financial Protection Bureau (CFPB) has released a new notice of proposed rulemaking (NPRM) concerning "Electronic Fund Transfers Through Accounts Established Primarily for Personal, Family, or Household Purposes Using Emerging Payment...
