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Home » Digital Currency » Page 12

Digital Currency

Reps. Hill, Steil introduce draft bill to establish stablecoin framework

By Dave Kovaleski   |   February 10, 2025   |   Digital Currency

U.S. Reps. French Hill (R-AR) and Bryan Steil (R-WI) released a discussion draft of a bill to establish a framework for the issuance of dollar-denominated payment stablecoins in the United States. ...

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House resolution supports blockchain technology, digital assets

By Melina Druga   |   February 7, 2025   |   Digital Currency

A resolution recently introduced in the U.S. House of Representatives expresses support for blockchain technology and digital assets. The resolution affirms that the United States should prioritize...

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FDIC releases documents related to supervision of banks involved in crypto activities

By Dave Kovaleski   |   February 7, 2025   |   Digital Currency

The Federal Deposit Insurance Corporation (FDIC) released 175 documents related to its supervision of banks involved in crypto-related activities. Acting FDIC Chairman Travis Hill directed staff to...

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Rep. Carey, Sen. Cruz introduce resolution to roll back IRS broker rule

By Dave Kovaleski   |   January 24, 2025   |   Digital Currency

U.S. Rep. Mike Carey (R-OH) introduced a resolution in the House that would roll back the Internal Revenue Service’s Digital Assets Sale and Exchanges Rule. The rule requires custodial brokers to...

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SEC initiated 33 cryptocurrency-related enforcement actions in 2024

By Melina Druga   |   January 24, 2025   |   Digital Currency

In 2024, the Securities and Exchange Commission (SEC) initiated 33 cryptocurrency-related enforcement actions, according to a Cornerstone Research report, a 30 percent decline from 2023 and the first ...

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SEC Acting Chair Uyeda creates crypto task force

By Dave Kovaleski   |   January 23, 2025   |   Digital Currency

Mark Uyeda, acting chairman of the Securities and Exchange Commission (SEC), recently launched a crypto task force at the entity. The task force will look to develop a comprehensive and clear regul...

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Ripple USD launches on global stock exchanges

By Melina Druga   |   December 18, 2024   |   Digital Currency

San Francisco-based Ripple, a digital asset infrastructure provider to financial institutions, began being available on global exchanges on Monday as Ripple USD (RLUSD). RLUSD is stablecoin, a type...

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Blockchain Association outlines priorities for incoming Trump administration

By Dave Kovaleski   |   November 26, 2024   |   Digital Currency

The Blockchain Association outlines its priorities for the upcoming Trump administration. The association, representing nearly 100 members, recently sent a letter to President-elect Donald Trump an...

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Utah Attorney General leads effort to challenge SEC authority on state crypto laws

By Dave Kovaleski   |   November 21, 2024   |   Digital Currency

Utah Attorney General Sean Reyes is leading a coalition of 18 states to challenge the Securities Exchange Commission’s (SEC) attempt to regulate cryptocurrencies with policies that may contradict st...

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Reps. McHenry, Emmer ask SEC to provide more clarity on digital asset airdrops

By Dave Kovaleski   |   September 20, 2024   |   Digital Currency

Two Republican leaders in the U.S. House of Representatives, Reps. Patrick McHenry (R-NC) and Tom Emmer (R-MN), are asking the Securities and Exchange Commission (SEC) to provide clarity on the regula...

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Cannabis Banking

  • Bill to provide cannabis businesses with banking services introduced in House
  • Pennsylvania AG among coalition urging Congress to pass cannabis banking bill
  • New York State hits $1B in cannabis retail sales
  • AICPA makes recommendations to IRS on cannabis businesses in advance of marijuana reclassification
  • CTrust launches credit scoring platform for cannabis businesses

Digital Currency

  • House Ways and Means Committee advances bill to alter tax code for digital assets
  • Senate votes down CLARITY Act cryptocurrency bill
  • Enova withdraws bid to acquire digital bank Grasshopper
  • Brazil-based Nu launches banking, financial products in United States
  • U.S. Bank executed pilot transaction utilizing its USBDC stablecoin
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