Ron Wyden News

12.07 / 13:03
Facebook COST Target BLOCK Software lawmakers 3 tax prep firms shared 'extraordinarily sensitive' data about taxpayers with Meta, lawmakers say
Some congressional Democrats say three large tax preparation firms sent “extraordinarily sensitive” information on tens of millions of taxpayers to Facebook parent company Meta over at least two years
11.07 / 22:19
regulation Senate Taxes letter committee open US Senate Finance Committee asks digital asset community how to tax it in open letter
United States Senate Financial Services Committee Chair Ron Wyden and ranking member Mike Crapo released an open letter to the digital asset community on July 11 asking for input on the taxation of digital assets. The senators are looking for solutions to highly complex taxation issues, so much so that they offered background reading from the Joint Committee on Taxation to prepare respondents.
23.03 / 00:13
Government regulation Congress lawmakers US lawmakers US lawmakers reiterate concerns about 'sham' crypto firm audits to PCAOB
United States Senators Elizabeth Warren and Ron Wyden have cited the recent collapse of three major banks to call on the Public Company Accounting Oversight Board to “rein in” audits of crypto firms.
11.03 / 17:59
UPS Twitter MET lawmakers accountability United States lawmakers call for accountability from crypto auditors
The fall of Silvergate Bank and Silicon Valley Bank within a span of a week has sent shockwaves throughout the crypto industry. Unfortunately, the spillover of the turmoil into the traditional finance space has caught the attention of regulators and lawmakers in the United States. 
11.03 / 11:05
business regulation Senate Sen. Warren calls out 'sham audits' while SVB threatens crypto bankruptcy
United States Senators Elizabeth Warren and Ron Wyden asked the Public Company Accounting Oversight Board (PCAOB) to hold auditors accountable for failed crypto projects. 
01.02 / 00:47
regulation proof-of-work Energy Consumption lawmakers US lawmakers Bitcoin mining advocate is going state-to-state to educate US lawmakers
Dennis Porter, chief executive officer of the Satoshi Action Fund, is taking the fight for hearts and minds on Bitcoin mining to Washington, D.C. and beyond in an effort to support friendly legislation.
27.01 / 00:25
regulation Investments CEO Platform Action Nov Sens. Warren, Wyden question quality of auditors’ oversight in light of FTX debacle
Two United States senators have taken their questions about the performance of the accounting firms active in the crypto space to a higher power – the Public Company Accounting Oversight Board (PCAOB). Failure to uncover alleged criminality and poor recordkeeping at FTX has sullied the image of the PCAOB and the accounting profession, the senators said.
21.12 / 18:27
Blockchain Binance Digital CEO Executive Lobby committee Binance Joins Executive Committee of U.S. Blockchain Industry Lobby Group - Here’s Why it Matters
Binance, the world’s largest crypto exchange by trading volume, has joined the Chamber of Digital Commerce in a move that is expected to boost its lobbying power over new crypto regulations.
20.12 / 23:17
business Binance Chamber of Digital Commerce Binance joins lobbying group as criticism of the exchange ramps up
Binance has joined the Chamber of Digital Commerce, a United States crypto industry lobbying group, according to a Dec. 20 press release from the exchange. The move comes after Binance has been criticized for allegedly being unregulated.
05.12 / 14:05
business Kucoin Bitcoin Mazars reserves audit Audit firm Mazars to verify KuCoin’s proof of reserves
Crypto exchange KuCoin hired the international accounting firm Mazars for a third-party audit of its proof of reserves (PoR). 
30.11 / 23:47
markets Binance Senate Bitcoin Don't’ believe the hype — Bitcoin price rally to $17K reflects improving sentiment
Bitcoin (BTC) price gained 6.1% between Nov. 28 and Nov. 30 after briefly testing the $17,000 support. Favorable regulatory winds might have helped fuel the rally after the Binance exchange announced the acquisition of a regulated crypto exchange in Japan on Nov. 30.
30.11 / 00:51
regulation FTX Congress lawmaker US lawmaker questions major crypto exchanges on consumer protection amid FTX collapse
Ron Wyden, chair for the United States Senate Finance Committee, has requested information from six crypto firms on consumer protection following FTX’s liquidity issues and bankruptcy.
01.06 / 16:01
Blockchain cryptocurrency regulation Group of Tech Pros, Academics Urges Washington to Turn its Back on Crypto Lobbyists
A collective comprising 26 IT experts and professionals has slammed crypto, accusing blockchain and crypto of “not being decentralized” – and has petitioned United States politicians to crack down on the sector and its lobbyists.
29.03 / 06:31
regulation Tax reduction committee Senate Finance Committee Chair probes “lack of safeguards” in crypto tax incentives
Democratic Senator Ron Wyden is digging into the activities of crypto companies that take advantage of tax breaks provided by the Opportunity Zone program.

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