Lawmakers reportedly plan to use the extra revenue for “priority programs,” including paying down the national debt and responding to the pandemic.
Miami mayor plans to accept first paycheck entirely in Bitcoin
The mayor said he would prefer to use an app like Bitwage or Strike rather than having the local government convert his fiat paycheck into crypto.
US Treasury report says stablecoin legislation is ‘urgently needed’ to address risks
The group said stablecoin issuers should be held to the same standards as insured depository institutions including state and federally chartered banks.
Ethereum shillers call for $5K ETH, and this time derivatives data is backing them up
Ether bulls have been calling for $5,000 ETH for years, and now derivatives data suggests that the price is finally realistic.
Bitcoin price descending channel and loss of momentum could turn $60K to resistance
After a slight hiccup in BTC futures premium, traders seem comfortable despite the $58,000 support retest and the risk of $60,000 turning to resistance.
Crypto lending firms on the hot seat: New regulations are coming?
The sheer amount of money invested in the crypto space is causing regulatory dialog to occur at a frenetic pace as regulators struggle to keep pace.
Indian government is reportedly considering regulating crypto as a commodity
Officials from India’s Finance Ministry said any potential law on cryptocurrencies would likely come around the time the government submits the Union Budget of India in February.
Friday’s jaw-breaking $3.2B Bitcoin options expiry could kick-start a new rally
Bitcoin bulls could be in for a $715 million profit if BTC price is above $60,000 ahead of Friday’s $3.2 billion options expiry.
Biden’s pick for CFTC chair wants the agency to be a ‘beat cop’ with the authority to oversee 60% of digital asset market
Rostin Behnam said it was “critically important to have a primary cop on on the beat” of an emerging market that included cryptocurrencies and stablecoins.
US regulators are exploring policy for banks to handle crypto, says FDIC chair
“Establishing clear regulatory expectations will be paramount to give this market an opportunity to grow and mature in a responsible manner,” said Jelena McWilliams.
Australian Senators pushing for country to become the next crypto hub
The Australian Senate Committee delivered a report calling for a complete overhaul of crypto legislation and licensing in the country.
Treasury official acknowledges most crypto transactions are ‘legitimate’ but still anticipates additional sanctions
“The vast majority of digital assets are being used for legitimate purposes, but for those that are primarily in the business of furthering criminal enterprises, we plan to use our tools to go after them,” said Wally Adeyemo.
Aussie senate committee proposes overhaul of crypto taxes, DAOs and exchange licenses
The committee recommended more clarity for DAOs, new capital gains tax provisions, and tax breaks for green miners.
Celsius responds to NYAG crackdown on crypto lending platforms
“If any regulatory or technical changes are required in a specific jurisdiction, Celsius will provide clear and timely communication as needed,” said the firm.
US Treasury says it must ‘modernize and adapt’ to digital currencies
“Digital assets and payments systems could harm the efficacy of our sanctions” if left unchecked, the Treasury said.
NYAG directs 2 crypto firms to shut down, investigates 3 others
The regulator “will not hesitate to take whatever actions are necessary against any company that thinks they are above the law,” said Letitia James.
BREAKING: Nasdaq listing hints that the SEC may soon approve ETF application from Valkyrie
Vice president of listing qualifications Eun Ah Choi said Nasdaq had certified Valkyrie’s Bitcoin ETF shares for listing on the exchange.
Uniswap taps former Obama campaign spokesperson to handle comms
The Washington insider will help the company navigate through increasingly turbulent regulatory waters.
Mexico’s president rules out accepting crypto as legal tender
The Bank of Mexico and the National Banking and Securities Commission issued a statement earlier this year warning financial institutions not to deal with digital assets, but the president has not often spoken directly on the subject.
BoE deputy gov: regulators should pursue crypto as a ‘matter of urgency’
The central bank official spoke about the risks cryptocurrencies and stablecoins may pose when connected to traditional financial systems through individuals, financial institutions, hedge funds, and banks.