Web3/Crypto news and reports on Federal Newswire

Travis Hill, Chairman of the Federal Deposit Insurance Corporation (FDIC), said that the agency's supervision of crypto-related banking activities systematically discouraged institutions from progressing.

WSPN CEO: 'It is essential Congress reforms banking supervisory practices'

Austin Campbell, the CEO of WSPN, said that banking regulation requires reform to become clearer and more transparent to prevent further industries from being targeted by debanking.

Sen. Warren to crypto executive: 'I don’t think for a second that you should be locked out of our banking system'

Senate Banking Committee Ranking Member Elizabeth Warren expressed her belief that it was inappropriate for banks to deny services to Anchorage Digital CEO Nathan McCauley and other participants in the cryptocurrency industry.

Coinbase Chief Legal Officer on debanking: 'While crypto is the current target, any legal American industry could be next'

Paul Grewal, Coinbase's Chief Legal Officer, said that without reforms, any industry could become a target of debanking efforts.

FDIC releases documents on supervision of crypto-related bank activities

The Federal Deposit Insurance Corporation (FDIC) made public 175 documents concerning its oversight of banks involved in crypto-related activities.

Crypto investigator: 'Coinbase needs to urgently make changes' as more users are 'scammed'

ZachXBT, a crypto investigator and influencer, has urged Coinbase to take swift action as users reportedly lose "tens of millions every month" to scams.

Anchorage Digital CEO: Regulator-led debanking 'was opaque, unfair, and amounted to a de facto ban on crypto'

By Federal Newswire | Feb 6, 2025

Nathan McCauley, co-founder and CEO of Anchorage Digital, has attributed the severance of banking ties with crypto-affiliated clients to pressure from the federal government.

Digital Ascension Group general counsel: New SEC requirement 'could mean fewer arbitrary crackdowns' in crypto industry

By Federal Newswire | Feb 4, 2025

Digital Ascension Group General Counsel Rick Tapia has expressed concerns over a new requirement for U.S. Securities and Exchange Commission (SEC) attorneys to seek approval before formally launching probes.

Blockchain Association launches 23 working groups to guide crypto policy

By Federal Newswire | Feb 4, 2025

The Blockchain Association, a prominent trade association for the crypto and digital asset industry in Washington, has announced the establishment of 23 working groups.

Cato Institute monetary policy expert on crypto executive order: 'these explicit statements represent a huge positive change'

By Federal Newswire | Jan 31, 2025

President Donald Trump has issued an executive order aimed at promoting U.S. leadership in digital assets and financial technology, while safeguarding economic liberty.

Ripple CEO on new Treasury Secretary Bessent: I'm confident he will 'grow US tech and crypto innovation.'

Brad Garlinghouse, CEO of Ripple, expressed confidence in the newly confirmed Treasury Secretary Scott Bessent, highlighting his potential to provide strong leadership and support policies that promote U.S. technological and cryptocurrency...

Former FDIC official: Ex-FDIC chairman 'has a court-verified history of de-banking politically "disfavored" legal businesses'

Dr. Paul Kupiec, a former official at the Federal Deposit Insurance Corporation (FDIC), expressed his belief that assertions from cryptocurrency companies about federal government pressure leading to a pattern of "de-banking" are credible.

Blockchain Association releases guidelines for U.S. digital asset regulation

The Blockchain Association, representing over 100 companies, investors, and firms in the digital asset sector, has unveiled a set of principles aimed at guiding the development of digital asset market structure policy.

Report outlines principles for crypto legislation in America

A report has been released detailing principles for legislating in the area of cryptocurrency.

Paradigm VP of government affairs: New SEC crypto task force is 'a sea change compared to the last 4 years'

By Federal Newswire | Jan 27, 2025

Alexander Grieve, vice president of government affairs at the crypto investment firm Paradigm, said that the Securities and Exchange Commission's (SEC) launch of a crypto task force indicates a shift in the agency's approach to digital assets.

Binance CEO: 'Crypto-friendly leadership in the world’s largest economy could have seismic effects'

By Federal Newswire | Jan 27, 2025

Richard Teng, CEO of Binance, the world's largest cryptocurrency exchange by trading volume, said that U.S. leadership adopting a friendlier approach to the crypto industry would benefit the global crypto ecosystem.

Sen. Lummis: We need to strengthen the 'U.S. dollar with a strategic bitcoin reserve'

By Federal Newswire | Jan 25, 2025

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'

By Federal Newswire | Jan 25, 2025

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.

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.