Us government Financial News

16.05 / 03:35

regulation SEC coinbase us government Court SEC rebukes need for imminent crypto rulemaking, seeks denial of Coinbase petition

The U.S. The Securities Exchange Commission (SEC) has finally given a formal response in court in relation to Coinbase’s petition for clear crypto regulation, stating that any rulemaking may take years and that enforcement actions will suffice in the meantime.

16.05 / 02:55

regulation SEC coinbase us government Sec Chair crypto rules SEC chair Gensler claps back at Coinbase, says crypto rules already exist

The chair of the United States Securities and Exchange Commission (SEC) Gary Gensler has hit back at Coinbase’s petition compelling the agency to provide a clear stance on crypto regulation, arguing that there are already adequate laws in place.

15.05 / 13:19

Technology Ethereum regulation us government Tech US strips Ethereum dev Virgil Griffith of export privileges for 10 years

The Department of Commerce has imposed a 10-year export privilege ban on Virgil Griffith, an Ethereum developer serving a five-year prison sentence. The ban restricts him from enjoying export privileges until April 12, 2032.

14.05 / 07:17

regulation Report us government National Debt 'Significant risk' of US Treasury running 'out of funds' soon: Report

The United States government faces a “significant risk” of no longer being able to meet all of its financial obligations as early as June, as per a recent report.

12.05 / 18:17

Government Law Stablecoin regulation us government The US should promote USDC — before it's too late

Ignore the doomsayers. The United States is still the world’s leading economy and will remain so in the future. With its global talent pool and world-class institutions, the U.S. has a competitive edge in virtually every emergent technology. Web3 is no exception.

10.05 / 21:47

business regulation us government Machine Learning policies OpenAI CEO to testify before Congress alongside ‘AI pause’ advocate and IBM exec

OpenAI CEO Sam Altman will make his first appearance before Congress on May 16 to discuss artificial intelligence (AI) regulation in the United States during a hearing on oversight. Also testifying will be IBM’s chief privacy and trust officer, Christina Montgomery — who is a member of the U.S. National Artificial Intelligence Advisory Committee — and New York University emeritus professor Gary Marcus.

05.05 / 06:17

business Adoption SEC coinbase us government Congress Coinbase remains '100% committed' to US market: Armstrong

United States-founded cryptocurrency exchange Coinbase has no plans to move its operations out of the U.S., CEO Brian Armstrong told investors in an Q1 earnings call.

04.05 / 21:35

Government regulation us government white house AML Digital Asset KYC New White House standards strategy could have implications for crypto industry KYC

The administration of United States President Joe Biden released a national standards strategy for critical and emerging technologies on May 4. The strategy stated that the United States would prioritize standards development in eight areas. Among the prioritized areas are “digital identity infrastructure and distributed ledger technologies, which increasingly affect a range of key economic sectors.”

02.05 / 04:53

business SEC coinbase us government expansion Aussie crypto exchange kicks off US expansion despite ‘regulatory risk’

Australian crypto exchange Coinjar is seeking to put its boots on the ground in the United States, with its CEO seemingly unfazed by the market's “regulatory risk."

01.05 / 03:11

Adoption Investments security us government Survey Bitcoin Friends and FOMO pushed newbie investors to buy crypto in 2022 — Survey

Influence from friends and the fear of missing out (FOMO) were some of the reasons investors bought crypto for the first time in 2022, according to a survey by a United States financial regulator.

29.04 / 03:31

regulation us government Congress Senate bills Congressman McHenry announces joint hearings to address market structure around digital assets

Patrick McHenry, the Chairman of the House Financial Services Committee, has announced a series of joint hearings in May that will focus on addressing the market structure around digital assets in the U.S.

28.04 / 01:13

CFTC regulation SEC security us government SEC's Gary Gensler takes another swipe at crypto in educational video

Another swipe has been taken at the crypto industry by the chair of the United States securities regulator, who claimed many crypto platforms are operating in violation of securities laws.

27.04 / 13:21

Government Law Adoption regulation us government Utah DAO Act: How the law was made and what it means for decentralized business

In March, the Utah State Legislature passed the Utah DAO Act, granting legal recognition and limited liability protections to decentralized autonomous organizations (DAO) in the state.

27.04 / 04:11

business Blockchain Stablecoin Adoption us government Congress Circle CEO warns of active and accelerating de-dollarization

The United States must implement stablecoin legislation and digitize the U.S. dollar (USD) to mitigate the “very active de-dollarization taking place” around the world right now, says Jeremy Allaire, the chief executive of stablecoin issuer Circle.

26.04 / 21:35

Government Law privacy us government Congress Senate 2024 Elizabeth Warren wants the police at your door in 2024

In 2022, Massachusetts Senator Elizabeth Warren authored a bill that would require cryptocurrency wallet providers to comply with bank Anti-Money Laundering rules. No crypto exchanges, mind you, but the wallets themselves. Kansas Senator Roger Marshall joined her on the proposal as a co-sponsor.

26.04 / 16:51

Ethereum SEC coinbase security us government Usd Coin Bitcoin SEC’s war on crypto: How far will it go?

The Securities and Exchange Commission (SEC), led by Chairman Gary Gensler, has been at the forefront of the United States' cryptocurrency crackdown. In the last few months, the agency has filed several enforcement actions against major crypto companies that allegedly violated security laws.

26.04 / 06:47

Blockchain SEC security us government ICO MIT Gary Gensler links crypto with cash in viral 2018 video — Crypto Twitter reacts

The crypto community is calling out the hypocrisy of Gary Gensler, the head of the United States securities regulator, after a 2018 video emerged of him stating that cryptocurrencies are on par with commodities or cash and are not securities.

18.04 / 07:33

Blockchain Technology SEC us government Uber MIT Sec Chair Video of SEC chair praising Algorand resurfaces after recently deeming it a security

A four-year-old video of United States Securities an Exchange Commission (SEC) chair Gary Genser giving praise to smart contract platform Algorand (ALGO) is circulating on Twitter following the SEC declaring ALGO is an unregistered security.

17.04 / 02:29

business Ethereum economy us government Banks Gold Bitcoin Bitcoin, Ether are ‘like gold’ says Cathie Wood, but Ray Dalio is skeptical

Recent turmoil in the banking sector has shown that Bitcoin (BTC) and Ether (ETH) can withstand a shaky economy, outperform other asset classes and function like gold, says ARK Invest chief executive Cathie Wood — though one long-time investor still isn’t sold.

15.04 / 15:47

Government Ethereum Adoption regulation us government Open Source Bitcoin Fight between crypto and governments “just getting started”, says ShapeShift CEO

Despite the unprecedented regulatory pressure that crypto has been facing recently in the United States, the fight between the American government and the crypto industry has just started, believes ShapeShift CEO Erik Voorhees.

11.04 / 04:27

CBDC Payments regulation us government Federal Reserve Presidential hopefuls RFK Jr. and DeSantis rally against FedNow

Presidential hopefuls Robert F. Kennedy Jr. (RFK Jr.) and Ron DeSantis are rallying against the Federal Reserve’s FedNow payments system claiming it would pave the way for a Central Bank Digital Currency (CBDC).

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