Gary Gensler said Congress should provide clarity around crypto exchange regulation. A 2020 bill sought to do just that.
“There’s really no protection around fraud or manipulation,” Gensler said in his first public hearing since taking the reins at the agency.
"If I get you $250K in bitcoin would that help?" Joel Greenberg reportedly asked.
A bipartisan bill addressing cryptocurrencies made it through the House of Representatives. Next up: the Senate.
One policy maker says China is unlikely to use bitcoin as a financial weapon against the U.S. dollar.
The top cryptocurrency is changing hands near $50,500 at press time, representing a 4% gain on the day, having clocked a high of $51,320 early today, according to CoinDesk 20 data.
Some Republican members of the House Financial Services Committee want to look into Reddit’s ties to Chinese tech conglomerate Tencent and Robinhood rival Moomoo.
While Congress is planning multiple hearings, it's less clear what financial regulators might do.
Negotiators on Sunday were hammering out final details of a $900 million pandemic stimulus, the Wall Street Journal reported.
U.S. lawmakers asked the SEC and FINRA to clarify how crypto firms can become registered broker-dealers and provide custody services for crypto assets.
The Pennsylvania senator is eager to focus on fintech if he assumes the top post at the Senate Banking Committee.
Four U.S. congressmen have asked the IRS to clarify how block rewards from proof-of-stake networks are taxed, to prevent taxpayers from owing more than they should.
Regulatory approval doesn't mean banks are about to begin providing crypto custody, but it is accelerating a conversation about financial institutions safeguarding bitcoin.
The commission’s technology advisory committee made several presentations on various blockchain applications including CBDCs and digital tokens during a four-hour-long remote meeting last Thursday.
Lawmakers are calling on Twitter to answer for a hack that shook the platform, focusing on cybersecurity rather than scapegoating cryptocurrencies.