In what may be a big test of the crypto sector’s new influence over a markedly friendlier U.S. Congress, the Crypto Industry is asking for the reversal of an incoming tax policy. What to know: Nearly every big name in the crypto industry has signed onto a letter calling for Congress to eliminate a U.S. tax […]
With picks at the banking agency and consumer watchdog, the field of major nominees is mostly complete, showing a deep roster of finance and federal know-how. What to know: President Donald Trump is just about done naming the key figures he’s seeking to get into financial regulation posts that will direct the future oversight of […]
Nineteen U.S. states are weighing bills to put public money into digital assets, some of them similar to the federal pursuit of a Strategic Bitcoin Reserve. What to know: The latest state effort to set up the investment of public money into cryptocurrency, a bill introduced on Monday in North Carolina, is backed by the […]
Caroline Pham, the Commodity Futures Trading Commission chief tapped by President Donald Trump, is hosting a CEO summit on one of her longstanding policy aims: Tokenization. What to know: Caroline Pham, who is running the U.S. Commodity Futures Trading Commission on an acting basis, is pursuing a stablecoin-backed tokenization pilot program, and an upcoming summit will include […]
The industry’s U.S. banking crisis may be retreating as a second congressional committee sheds light on how crypto businesses have been treated by regulators. What to know: The chief lawyer of U.S. crypto exchange Coinbase (COIN) testified about the abuse of authority from regulators who erected barriers between banks and crypto firms in a hearing of […]
The Senate has pushed stablecoin bills before, but the chamber is now led by Republicans who want to make Hagerty’s latest effort happen. What to know: The opening shot is being been fired in the new Congress’ crypto push with a plan for a Tuesday introduction of a stablecoin oversight bill from Senator Bill Hagerty. […]
What to know: Republican U.S. Senator Cynthia Lummis took aim at two federal agencies on behalf of the crypto industry this week, just days before the wide-reaching transition of the federal government when President-elect Donald Trump again takes office. Lummis warned the U.S. Marshals Office to slow down its crypto asset sales and she cautioned officials at […]