The Blockchain Association outlined fundamental principles for effective stablecoin legislation in a letter submitted to the U.S. House Committee on Financial Services last week. Association offici...
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The Independent Community Bankers of America (ICBA) is urging the federal government to conduct research on the effects of digital assets on community banks and their customers. In a letter to the ...
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A bill was introduced in the U.S. House this week that seeks to update the digital asset reporting provisions in the Infrastructure Investment and Jobs Act, which has been signed into law. The bil...
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U.S. Sens. Elizabeth Warren (D-MA), Chris Van Hollen (D-MD), and Roger Marshall (R-KS) recently forwarded correspondence to crypto exchange, Binance, and its domestic affiliate, Binance.US seeking ins...
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U.S. Rep. Patrick McHenry (R-NC) and U.S. Sen. Cynthia Lummis (R-WY) are seeking clarification from federal banking regulators on how banks and financial institutions should account for the custody of...
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Federal bank regulatory agencies issued a statement last week on liquidity risks to banks related to funding from crypto-asset-related entities. “In particular, certain sources of funding from cr...
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Citing financial privacy and currency protection concerns, a group of lawmakers recently advocated legislation prohibiting issuing of a central bank digital currency (CBDC). Majority Whip Tom Emmer...
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Derivative marketplace CME Group is slated to expand its suite of event contracts to include Bitcoin futures on March 13, noting the action would occur pending regulatory review. CME Group offers...
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Securities and Exchange Commission (SEC) officials have detailed a complaint alleging Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon orchestrated crypto asset securities fraud. The SEC a...
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U.S. Rep. Blaine Luetkemeyer (R-MO) introduced legislation to prohibit the use of the Chinese Central Bank Digital Currency, also known as the Digital Yuan, by U.S. licensed money service businesses. ...
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