Tag Archives: US crypto regulation

Senate Democrats Lead Inquiry Into Binance: Warren Heads Effort With Letter To DOJ

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Cryptocurrency exchange Binance is once again facing mounting scrutiny in Washington, as lawmakers question whether the company is living up to the terms of its 2023 settlement with US authorities — an agreement that ultimately led to the resignation of its founder and former CEO, Changpeng Zhao (CZ). Democrats Urge DOJ And Treasury Investigation On… Continue reading Senate Democrats Lead Inquiry Into Binance: Warren Heads Effort With Letter To DOJ→

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’→

Coinbase CEO Claims Big Banks Are Aiming To ‘Kill Competition’ With Latest Crypto Market Bill Draft

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Cryptocurrency exchange Coinbase (COIN) recently retracted its support for the latest iteration of the crypto market structure bill, known as the CLARITY Act, just 24 hours before a crucial markup was scheduled.  This signals significant concerns about the bill’s alignment with the interests of cryptocurrency firms compared to traditional banking institutions, not only for the… Continue reading Coinbase CEO Claims Big Banks Are Aiming To ‘Kill Competition’ With Latest Crypto Market Bill Draft→

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→

Coinbase Mulls Exiting Support For Crypto Market Structure Bill Ahead Of January 15 Deadline

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As the January 15 markup of the crypto market structure bill—known as the CLARITY Act—draws closer, reports indicate that Coinbase (COIN) is reconsidering its support for the legislation.  A Monday report from Bloomberg suggests this shift in position is contingent on whether the anticipated bill includes provisions beyond enhanced disclosure requirements tied to stablecoin rewards.… Continue reading Coinbase Mulls Exiting Support For Crypto Market Structure Bill Ahead Of January 15 Deadline→

New Hope For Crypto: Senators Introduce Blockchain Regulatory Certainty Act

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In a major new development for the crypto industry, Senators Ron Wyden and Cynthia Lummis announced on Monday evening the introduction of a bipartisan, standalone version of the Blockchain Regulatory Certainty Act (BRCA).  This legislation aims to provide much-needed clarity for software developers and infrastructure providers in the blockchain space, particularly concerning their classification under… Continue reading New Hope For Crypto: Senators Introduce Blockchain Regulatory Certainty Act→

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→

Crypto Market Structure Talks: Senator Lummis Addresses Latest Legislation Plans

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Senators engaged in bipartisan discussions regarding the anticipated crypto market structure bill met on Tuesday amid ongoing disagreements about the timing of a committee vote on the legislation.  According to a report from Politico, Sen. Cynthia Lummis, a key negotiator for the Republican side, expressed optimism that a new draft of the bill could be… Continue reading Crypto Market Structure Talks: Senator Lummis Addresses Latest Legislation Plans→

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→