Tag Archives: US crypto news

Goldman Sachs CEO Says US Must Codify How Crypto ‘Will Operate’

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Speaking at the World Liberty Forum in Mar-a-Lago on Wednesday, Goldman Sachs CEO David Solomon called for the United States to establish a clearly defined, rules-based framework governing how crypto markets operate. Goldman CEO Urges Clear Rules In an interview with CNBC, Solomon said it is essential that lawmakers take a long‑term view as they… Continue reading Goldman Sachs CEO Says US Must Codify How Crypto ‘Will Operate’→

Crypto Market Bill Draft Criticized For Allowing Continued Developer Prosecution

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The recently released draft of the CLARITY Act, a significant piece of legislation aimed at regulating the crypto market, has ignited a wave of criticism from supporters within the community.  Initially, the bill was meant to include protections for developers. However, expert commentary suggests that it opens the door to continued prosecution of developers and… Continue reading Crypto Market Bill Draft Criticized For Allowing Continued Developer Prosecution→

New Crypto Tax Proposal: Bipartisan House Duo Pushes For Stablecoin Safe Harbor

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In the wake of a significant shift in crypto regulation spurred by the new White House administration under President Donald Trump, lawmakers are working on a fresh tax framework aimed at providing clarity and a safe harbor for certain transactions involving stablecoins.  Proposed Crypto Tax Framework Representatives Max Miller from Ohio and Steven Horsford from… Continue reading New Crypto Tax Proposal: Bipartisan House Duo Pushes For Stablecoin Safe Harbor→

Optimism Grows In Crypto Market Structure Bill After Wednesday’s Senate Banking Meeting

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On Wednesday, a bipartisan meeting of the Senate Banking Committee, led by Senator Tim Scott, offered a cautiously optimistic outlook for discussions surrounding the anticipated crypto market structure bill.  Despite the absence of any markup hearings scheduled for this week, industry representatives and senators engaged in what many considered a productive dialogue regarding the evolving… Continue reading Optimism Grows In Crypto Market Structure Bill After Wednesday’s Senate Banking Meeting→

SEC Chair Sets Out Plans For Crypto Taxonomy To Define Digital Asset Classification

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In recent statements made by Chair Paul Atkins, the US Securities and Exchange Commission (SEC) announced a strategic plan targeted at giving much-needed clarity on the classification of crypto assets.  Howey Test And Token Taxonomy In Crypto  Atkins highlighted the forthcoming consideration of establishing a “token taxonomy” within the Commission, a structured framework rooted in… Continue reading SEC Chair Sets Out Plans For Crypto Taxonomy To Define Digital Asset Classification→

Citigroup CEO Confirms Interest In Issuing A Proprietary Stablecoin—Reuters

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American multinational investment bank Citigroup announced plans to potentially issue its stablecoin, as CEO Jane Fraser revealed during a post-earnings conference call.  As first reported by Reuters, Fraser emphasized the bank’s focus on both the stablecoin initiative and the growing tokenized deposit sector, stating, “This is a good opportunity for us.” As the third-largest lender… Continue reading Citigroup CEO Confirms Interest In Issuing A Proprietary Stablecoin—Reuters→

‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts

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In a major blow for the crypto industry, several bills championed by President Donald Trump failed to pass a crucial procedural vote in the House of Representatives on Tuesday.  According to CNBC, the final tally stood at 196-223, with 13 Republican representatives siding with Democrats to block the motion, marking a rare moment of dissent… Continue reading ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts→