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AIMA head of Americas: Survey reveals 'significant challenges U.S. crypto hedge funds face in accessing basic banking services'
Web3/Crypto

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
Web3/Crypto

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
Web3/Crypto

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
Web3/Crypto

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'
Web3/Crypto

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
Web3/Crypto

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
Web3/Crypto

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'
Web3/Crypto

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
Web3/Crypto

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'
Web3/Crypto

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
Web3/Crypto

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
Web3/Crypto

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...


Custodia CEO on Barr resignation: 'Wyoming won a battle against the Fed' in Choke Point 2.0
Web3/Crypto

Caitlin Long, founder and CEO of Custodia Bank, expressed gratitude to Senator Cynthia Lummis for her remarks concerning Michael Barr's alleged failure in his role as Vice Chair for Supervision.


Former CFTC chair: New SEC chairman could be 'more favorable to the development of crypto'
Web3/Crypto

Former Commodity Futures Trading Commission (CFTC) Chair Timothy Massad has commented on the nomination of Paul Atkins as the next chair of the Securities and Exchange Commission (SEC).


Gemini to pay $5M over CFTC allegations of misleading regulators
Web3/Crypto

The Commodity Futures Trading Commission (CFTC) has announced that Gemini Trust Company will pay a $5 million penalty to settle claims of providing false information to regulators.


Senate Banking Committee Chair: New SEC Chair 'will be critical to reversing the harm Gary Gensler has done to our capital markets'
Web3/Crypto

Senate Banking Committee Chairman Tim Scott expressed his belief that President-elect Donald Trump's nominee for the Securities and Exchange Commission (SEC) Chair, Paul Atkins, will positively impact U.S. capital markets and the cryptocurrency...


Industry groups challenge IRS broker rule in federal court
Web3/Crypto

On December 27, 2024, three industry groups—the DeFi Education Fund, the Blockchain Association, and the Texas Blockchain Council—filed a lawsuit against the Internal Revenue Service (IRS) and the Treasury Department.


IRS finalizes controversial broker rule targeting crypto software providers
Web3/Crypto

The IRS has announced a final rule regarding non-custodial "brokers" and their obligations for third-party tax reporting.


Russia implements 6-year crypto mining ban in 10 regions
Web3/Crypto

The Russian government has announced a ban on cryptocurrency mining in ten regions and imposed seasonal restrictions in three others to manage energy consumption.


Trump announces Crypto Council Executive Director pick: Bo Hines will 'foster innovation and growth in the digital assets space'
Web3/Crypto

President-elect Donald J. Trump announced that Bo Hines will "foster innovation and growth in the digital assets space" as the new Executive Director of the Presidential Council of Advisers for Digital Assets, also known as the "Crypto Council."