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Home » Digital Currency » Page 18

Digital Currency

House Republicans introduce bill to regulate digital assets

By Dave Kovaleski   |   July 24, 2023   |   Digital Currency

A group of House Republicans introduced legislation this week that directs the Commodity Futures Trading Commission (CFRC) and the Securities and Exchange Commission (SEC) to regulate digital assets. ...

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Senate bill would require DeFi services to meet anti-money laundering standards

By Dave Kovaleski   |   July 21, 2023   |   Digital Currency

A group of U.S. senators have introduced a bill that would require decentralized finance (DeFi) services to meet the same anti-money laundering (AML) and economic sanctions compliance obligations as o...

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Sens. Wyden, Crapo solicit feedback on tax treatment of digital assets

By Dave Kovaleski   |   July 13, 2023   |   Digital Currency

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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New York Fed explores feasibility of network for wholesale payments

By Dave Kovaleski   |   July 11, 2023   |   Digital Currency

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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Study sees growth in payments powered by stablecoins

By Dave Kovaleski   |   July 7, 2023   |   Digital Currency

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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SEC secures emergency relief action in case against crypto platform

By Dave Kovaleski   |   June 21, 2023   |   Digital Currency

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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Blockchain Association comments on SEC’s proposed redefinition of an exchange

By Dave Kovaleski   |   June 15, 2023   |   Digital Currency

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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Legislation seeks to prohibit Federal Reserve’s CBDC pilot program

By Douglas Clark   |   June 12, 2023   |   Digital Currency

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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SEC details crypto asset trading platform charges

By Douglas Clark   |   June 7, 2023   |   Digital Currency

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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Reps. McHenry, Thompson issue discussion draft of digital asset bill

By Dave Kovaleski   |   June 6, 2023   |   Digital Currency

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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Digital Currency

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  • Organizations support Digital Asset Market Clarity Act
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