Jake Chervinsky News
16.09 / 00:07
CFTC
coinbase
security
Senate
Industry reps suggest improvements to Stabenow-Boozman crypto regulation bill
Representatives of the crypto community shared their responses to the proposed Digital Commodities Consumer Protection Act (DCCPA) on Sept. 15. Speaking at the second panel of a hearing held by the Senate Agriculture Committee, invited speakers praised the bill as a whole, but had recommendations for improvement.
15.08 / 23:41
regulation
Law Decoded, Aug. 8-15: In the eye of Tornado Cash
Summer is still on, harvesting the fresh names for its list of the crypto companies in deep trouble. This time, the trouble came not from the market or management but from the United States Treasury Department. The regulator has added more than 40 cryptocurrency addresses allegedly connected to crypto mixer Tornado Cash to the Specially Designated Nationals list. These individuals and groups allegedly laundered more than $7 billion worth of cryptocurrency.
03.08 / 22:11
CFTC
SEC
Congress
Senators
regulatory
Senators Stabenow, Boozman introduce crypto bill that extends CFTC's regulatory powers
United States Senate Agriculture Committee chair Debbie Stabenow and ranking member John Boozman introduced the Digital Commodities Consumer Protection Act bill on Wednesday. The bill has been expected for several months. Like the Digital Commodities Exchange Act (DCEA) introduced into the House of Representatives by members of the House Agriculture Committee in April, the new bill enlarges the role of the Commodity Futures Trading Commission (CFTC). The new bill is not the companion to the DCEA, however.
30.06 / 16:25
ETF
SEC
Bitcoin
Grayscale legal challenge to SEC sparks response from the community
As Grayscale’s application to convert the Grayscale Bitcoin Trust (GBTC) into a Bitcoin (BTC) exchange-traded fund (ETF) got denied, the firm launched a legal challenge against the United States Securities and Exchanges Commission (SEC). Following these events, the community responded with various reactions, from accusing the SEC of price manipulation to suggesting different solutions.
30.06 / 00:05
Government
IRS
Taxes
Broker
US govt delays enforcement of crypto broker reporting requirements: Report
The provision in the U.S. infrastructure bill signed into law in November, which will require financial institutions and crypto brokers to report additional information, could reportedly be delayed.
09.06 / 18:03
ETF
SEC
Legal
Bitcoin
Optimism Rises Towards Grayscale’s Bitcoin ETF Application as Star Legal Counsel Joins Team
Leading voices in the crypto industry are optimistic that Grayscale, the major cryptoasset management firm behind the Grayscale Bitcoin Trust (GBTC), will be successful in getting the necessary approvals to convert the trust to a spot-based bitcoin (BTC) exchange-traded fund (ETF).
08.06 / 04:21
business
ETF
SEC
Bitcoin
Bitcoin ETF approval
ETF approval
Grayscale hires former Solicitor General to help force Bitcoin ETF approval
Grayscale Investments has hired a former U.S. Solicitor General in preparation for a potential legal spat with the U.S. Securities and Exchange Commission (SEC), should the regulator reject its application for a spot Bitcoin (BTC) exchange-traded fund (ETF) on July 6.
06.06 / 15:59
Blockchain
Twitter
Bitcoin
New York's push to ban crypto mining triggers response from community
As the state of New York pushes forward a bill that will ban proof-of-work (PoW) mining once approved, members of the crypto community express their disagreement through social media.
24.03 / 07:49
Blockchain
Europe
Crypto trading in rubles falls even as ECB warns again on sanctions
The President of the European Central Bank, Christine Lagarde has reiterated warnings that Russian individuals and businesses are using cryptocurrencies to skirt sanctions.
17.03 / 00:59
regulation
privacy
Blockchain Association policy head: US shouldn't compete with China's CBDC using surveillance tools
Jake Chervinsky, head of policy at crypto advocacy group the Blockchain Association, said the United States should be careful to avoid a “totalitarian nightmare” in its potential launch of a central bank digital currency, or CBDC.
07.03 / 11:05
business
coinbase
Bitcoin
compliance
Coinbase proposes crypto tech to promote global sanctions compliance
The United States-based crypto exchange Coinbase has proposed the use of cryptocurrencies to help ensure compliance with economic sanctions. The recommendation comes along with highlighting the ease of laundering and sanction evasion of fiat currencies made possible by traditional financial infrastructures.
04.03 / 06:47
Adoption
economics
Bitcoin
Russian crypto volume across major exchanges plunges by 50%
Data from blockchain-analysis firms show that Russian denominated crypto purchasing and trading on major exchanges have faltered, debunking theories that the country will pivot to digital assets to circumvent sanctions.
02.03 / 06:27
Blockchain
regulation
Experts reject concerns Russia will use crypto to bypass sanctions: 'Totally unfounded'
Experts on crypto policy argue that concerns expressed by high profile politicians about Russia evading economic sanctions using cryptocurrency are “totally unfounded.”
18.01 / 22:30
Ethereum
cryptocurrency
proof-of-work
Bitcoin
hearing
us house
Misleading Memo for US House Hearing on Bitcoin & Ethereum Mining Includes 'Basic Errors'
A hearing on crypto mining scheduled to take place in the US House of Representatives Committee on Energy & Commerce this week is already raising alarms in the crypto industry as a pre-published memo revealed what some called “basic errors” in lawmakers’ understanding of the field.
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