U.S. Sens. Ron Wyden (D-OR) and Mike Crapo (R-ID) have launched an initiative to address uncertainties surrounding the tax treatment of digital assets. Wyden, chair of the Senate Finance Committee,...
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The Federal Reserve Bank of New York's New York Innovation Center (NYIC) and its partners are exploring the feasibility of an interoperable network for wholesale payments operating on a shared multi-e...
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A new study has found that the value of payment transactions powered by stablecoins will exceed $187 billion globally by 2028. That would be a significant increase from the $53 billion in transacti...
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The Securities and Exchange Commission (SEC) secured emergency relief in an action involving Binance Holdings Limited and its crypto trading platform. Specifically, all the defendants in its litiga...
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The Blockchain Association submitted additional comments to the Securities and Exchange Commission’s proposed rule to amend the interpretation of the definition of “exchange.” The SEC has pro...
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U.S. Rep. Alex X. Mooney (R-VA) has joined 14 colleagues to introduce legislation that would address the Federal Reserve and its ability to issue Central Bank Digital Currency (CBDC). Bill proponen...
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The Securities and Exchange Commission (SEC) has detailed charges against crypto asset trading platform Binance Holdings Ltd. and founder Changpeng Zhao, alleging a variety of securities law violatio...
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U.S. Reps. Patrick McHenry (R-NC) and Glenn Thompson (R-PA) released a discussion draft of a bill that would provide a statutory framework for digital asset regulation. The discussion draft intende...
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The Consumer Financial Protection Bureau (CFPB) published an analysis last week on the safety of storing funds on digital payment apps. The analysis revealed that funds stored on these apps, such a...
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The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Clearing and Risk issued a staff advisory this week on the risks related to the clearing of digital assets. Specifically, staff ...
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