Both President Barack Obama and the previous administration issued executive orders related to digital assets.
SEC chair hints at no spot Bitcoin ETFs yet, but cites ‘careful consideration’ for future
Gary Gensler reiterated his stance of being technology-neutral, but will carefully consider concerns raised by congresspersons.
FBI is launching team to address crypto exploitation: US Deputy Attorney General
“The currency might be virtual, but the message to companies is concrete: if you report to us, we can follow the money and not only help you, but hopefully prevent the next victim,” said Lisa Monaco.
Binance stopped ‘all activities focused on Israel’ following regulatory request: Report
“Following the intervention of the capital market, Binance has at this stage stopped marketing to Israelis and all activities focused on Israel until we examine the issue of licensing,” said the Capital Markets Authority.
UAE reportedly plans to issue federal crypto license for VASPs
The crypto license legislation might be the first nationwide crypto-focused regulation. However, various free zones in the country had introduced crypto regulations as early as 2018.
Colorado governor says he expects state to accept tax payments in crypto by summer
The governor added that paying taxes in crypto was the first step, with using digital asset payments for certain licenses to follow.
Binance.US is under investigation from SEC over trading affiliates: Report
Binance CEO Changpeng Zhao allegedly has connections to two market makers buying and selling crypto on Binance.US.
Concerns over Fed nominee may stop Senate from confirming Biden’s picks: Report
Republicans are calling for a boycott of voting on nominees to the Federal Reserve related to allegations of lobbying by Sarah Bloom Raskin.
US lawmaker introduces bill for government-backed insurance of ‘qualified’ stablecoins
“For cryptocurrency to grow and thrive … we must provide more direction and certainty to the marketplace …,” said Josh Gottheimer.
New Hampshire Governor issues executive order establishing commission to study crypto
The commission will have until Aug. 8 to submit a report including a “review and investigation regarding the current status of the cryptocurrency and digital asset industry” as well as on applicable laws in the U.S. and abroad.
Canadian MP introduces bill aimed at encouraging growth in crypto sector
“To be a world leader, Canada needs to make sure cryptoasset experts and investors are telling us what policy they need or what policy they don’t need,” said Michelle Rempel Garner.
Tennessee lawmaker introduces bill which would allow state to invest in crypto
The two bills introduced on Feb. 2 propose allowing the state of Tennessee as well as its counties and municipalities to invest in crypto, as well as forming a committee aimed at studying crypto and blockchain.
Coinbase forms a second PAC to support crypto-friendly candidates
The exchange registered its first PAC in July 2018 but closed it the next year after having received no funds or making no disbursements.
Bringing crypto market ‘into the light’ doesn’t address enforcement: CFTC chair
“Bringing this market into the light … will only allow us to see what’s going on underneath the hood,” said Rostin Behnam.
DoJ seizes $3.6B in crypto and arrests two in connection with 2016 Bitfinex hack
“The department once again showed how it can and will follow the money,” said Deputy Attorney General Lisa Monaco.
US lawmaker pushes for state-level regulations on stablecoins at hearing on digital assets
Patrick McHenry implied that the U.S.’ regulation of stablecoins with a “single regulator at the federal level” would likely fail.
Major crypto firms and groups form coalition aimed at promoting ‘market integrity’
“Harmonizing a broad global approach to digital assets and competition in the digital currency space race, can improve U.S. competitiveness, security and lower fundamental costs for basic financial access,” said Dante Disparte of Circle.
America COMPETES Act passes House without ‘disastrous’ provision on crypto
A provision originally included in the bill had critics saying the Treasury Secretary would not have had limits on surveilling crypto firms suspected of illicit transactions, nor open the matter to include public feedback.
Myanmar’s military government considers launching digital currency: report
Major General Zaw Min Tun of the country’s military forces said rolling out a digital currency would “help improve financial activities in Myanmar.”
US lawmakers issue warnings about digital yuan as Winter Olympics kicks off
“Do not accept any digital yuan,” said Minnesota Representative Tom Emmer in a tweet aimed at Team USA athletes competing in China.