Policy & regulation


State of Crypto: What Just Happened in the US Senate?

After all the drama of the past week, the industry is right where it was eight days ago.

Policy & regulation  ·  10 August 2021

Senators Reach Compromise on Crypto Tax Provision in Infrastructure Bill

The infrastructure bill's crypto tax provision helped hold up the overall bill last week.

Policy & regulation  ·  9 August 2021

Senate Advances Infrastructure Bill Without Amending Crypto Provision

The Senate could still adopt an amendment to the crypto provision through unanimous consent, but it would require every senator to agree.

Policy & regulation  ·  9 August 2021

Poloniex Agrees to $10M Settlement With SEC for Operating Unregistered Exchange

The exchange violated securities law, according to the SEC.

Policy & regulation  ·  9 August 2021

Senate’s Infrastructure Bill: What to Expect on Saturday

A handful of lawmakers have expressed support for the Wyden/Toomey/Lummis amendment to the crypto provision.

Policy & regulation  ·  7 August 2021

Binance to Wind Down Hong Kong Derivatives Trading in Switch to ‘Proactive’ Compliance Stance

Regulators worldwide have said the exchange isn't authorized to conduct regulated activities in their countries.

Policy & regulation  ·  6 August 2021
Bitcoin Futures

Gensler’s Preference for Bitcoin Futures Products Is Likely Bad News for a Spot BTC ETF

The SEC chairman's comments this week are causing issuers to readjust their expectations for the approval of a spot bitcoin ETF.

Policy & regulation  ·  5 August 2021

Why US Government Yanked BitGo’s Contract and Gave It to Anchorage

A tale of crypto rivalry, multimillion-dollar contracts, and bureaucratic definitions of “small business.”

Policy & regulation  ·  5 August 2021
Real Estate

New York City to Explore Blockchain for Preventing Deed Fraud in Land Sales

The city's finance department will work with Medici Land Governance on a proof of concept blockchain for land records.

Policy & regulation  ·  5 August 2021

Russia’s Financial Monitoring Agency Wants to Identify and Profile Crypto Users

Rosfinmonitoring will pay $200,000 for a tool to identify crypto users and see if they are involved in criminal activities.

Policy & regulation  ·  4 August 2021

OCC Acting Director Tells Senate Panel Crypto Custody Charter Is Under Review

In testimony before the Senate Banking Committee, Michael Hsu said some past crypto initiatives had not been done “in coordination with all stakeholders.”

Policy & regulation  ·  3 August 2021

Former CFTC Attorney Ryne Miller Joins FTX.US as General Counsel

Miller served as legal counsel to SEC Chairman Gary Gensler, when Gensler was at the CFTC.

Policy & regulation  ·  3 August 2021

State of Crypto: Infrastructure Bill Shows Congress Sees Crypto as Here to Stay

Congress's infrastructure bill may not be great for the U.S. crypto sector, but that there's a tax provision at all shows lawmakers recognize the industry's permanence.

Policy & regulation  ·  3 August 2021
Cynthia Lummis

How Controversial Crypto Tax Found Its Way Into US Infrastructure Bill

The crypto provision in the U.S. infrastructure bill was one of a handful of issues that nearly delayed the entire package.

Policy & regulation  ·  3 August 2021
Securities and Exchange Commission

SEC Boss Gensler Eyeing Robust Regulation of Crypto Market: Report

Gensler did not comment on the potential approval of a crypto exchange-traded fund.

Policy & regulation  ·  3 August 2021