Latest News
By Federal Newswire Report | Apr 27, 2023
The U.S. Securities and Exchange Commission has reopened the comment period and offered further details on proposed changes to the Exchange Act Rule 3b-16 definition of "exchange," a news release said.
By Federal Newswire Report | Apr 26, 2023
Although mainland China has had a ban on cryptocurrency transactions in place for years, Hong Kong has recently positioned itself as the new global hub for crypto innovation with the support of some Chinese state-affiliated banks.
By Federal Newswire Report | Apr 25, 2023
During a House Financial Services Committee hearing last week, lawmakers raised concerns about the regulatory approach to digital assets in the U.S. and highlighted the lack of a clear regulatory regime for trading platforms.
By Federal Newswire Report | Apr 20, 2023
The House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion, led by Chairman French Hill (AR-02), held a hearing on April 19 titled "Understanding Stablecoins’ Role in Payments and the Need for Legislation."
By Federal Newswire Report | Apr 20, 2023
Members of the House Financial Services Committee, led by Chairman Patrick McHenry, questioned Securities and Exchange Commission (SEC) Chair Gary Gensler in a recent hearing for his approach to digital asset regulation and rulemaking.
By Federal Newswire Report | Apr 19, 2023
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler recently asked for additional SEC funding to tackle "misconduct," particularly in the crypto industry. While some have been critical of the SEC's regulation-by-enforcement approach, Antonio Gomes, director of the Blockchain Education Network, told Federal Newswire that he agrees the SEC needs additional funding, but not just for enforcement. Gomes called on the SEC to establish regulations for the crypto industry to halt the brain drain of innovators who are flocking to more crypto-friendly jurisdictions.
By Federal Newswire Report | Apr 19, 2023
Rep. Warren Davidson (R-Ohio) is behind a new bill that would put end to U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s position after the agency’s plan to possibly redefine what an “exchange” means in terms of cryptocurrency.
By Federal Newswire Report | Apr 10, 2023
Brandon Possin, a foreign service officer with the U.S. Embassy in Tokyo who has formerly worked as a blockchain business strategist, wrote in an opinion piece for Politico that the U.S. government's attitude toward blockchain technology is putting the country at risk of falling behind in a global technology revolution, while China is charging full speed ahead.
By Federal Newswire Report | Apr 4, 2023
Richie Lai, the co-founder and CEO of Bittrex, a Seattle-based cryptocurrency exchange, announced March 31 that due to the regulatory and economic climate in the U.S., the company is shutting down its domestic operations.
By Juliette Fairley | Apr 4, 2023
The U.S. Commodity Futures Trading Commission (CFTC) commissioner, who authored the "Ten Fundamentals for Responsible Digital Asset Markets", is currently developing best practices and industry standards.
By Juliette Fairley | Apr 3, 2023
When Tom Emmer (R-Minn.) joined Congress nearly nine years ago, a staffer gave him a book about the promise of blockchain and crypto in restoring financial control to the individual.
By Federal Newswire Report | Mar 31, 2023
A newly unsealed superseding indictment signed by U.S. Attorney Damian Williams of the Southern District of New York and Assistant Attorney General Kenneth Polite alleges that Sam Bankman-Fried, the founder and former CEO of the now bankrupt cryptocurrency exchange FTX, bribed at least one Chinese government official with tens of millions of dollars in an attempt to persuade the Chinese government to unfreeze accounts associated with Alameda Research, FTX's hedge fund sister company. This new charge brings the total number of Bankman-Fried's criminal charges up to 13.
By Federal Newswire Report | Mar 30, 2023
Earlier this month, U.S. Senators Elizabeth Warren (D-MA), Chris Van Hollen (D-MD), and Roger Marshall (R-KS) sent a letter to Binance, the world's largest crypto exchange, accusing it of attempting to avoid laws and regulations.
By Juliette Fairley | Mar 30, 2023
The Chamber of Digital Commerce hosted its annual D.C. Blockchain Summit March 21 in Washington, D.C., which included the participation of three GOP congressmen.
By Juliette Fairley | Mar 28, 2023
The importance of innovation in the blockchain and cryptocurrency space must be balanced with public safety and financial stability, according to a group of government officials who spoke at the 2023 D.C. Blockchain Summit this week.
By Federal Newswire Report | Mar 27, 2023
Rep. French Hill at the 2023 Blockchain Summit
By Karen Kidd | Mar 27, 2023
Florida Gov. Ron DeSantis is against a potential Federal Reserve launch of a central bank digital currency and he's doing something about it, according to a news release issued by his office earlier this week
By Federal Newswire Report | Mar 27, 2023
This year's Economic Report of the President highlighted the risks of cryptocurrency and dismissed its benefits.
By Federal Newswire Report | Mar 27, 2023
Crypto exchange company Coinbase has repeatedly asked the U.S. Securities and Exchange Commission (SEC) for regulatory clarity, but the requests have gone unanswered, and the SEC has now sent the company a "Wells notice" warning of possible enforcement action, said Paul Grewal, Coinbase chief legal counsel.
By Juliette Fairley | Mar 23, 2023
Two U.S. Commodity Futures Trading Commission (CFTC) appointees, who were featured speakers at the D.C. Blockchain Summit this week, want the SEC and CFTC to create a framework that would classify digital assets.
