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Home » Digital Currency » Page 19

Digital Currency

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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CFPB analysis examines the safety of storing funds on payment apps

By Dave Kovaleski   |   June 5, 2023   |   Digital Currency

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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CFTC issues advisory on clearing of digital assets

By Dave Kovaleski   |   June 1, 2023   |   Digital Currency

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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Reps. Emmer, Soto introduce bill to bring clarity to classification of digital assets

By Dave Kovaleski   |   May 23, 2023   |   Digital Currency

U.S. Reps. Tom Emmer (R-MN) and Darren Soto (D-FL) introduced legislation that seeks to bring more clarity to the regulatory classification of digital assets. Currently, existing securities law doe...

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Crypto solutions company Ripple announces Metaco acquisition

By Douglas Clark   |   May 19, 2023   |   Digital Currency

Enterprise blockchain and crypto solutions company Ripple has detailed its acquisition of Swiss-based digital asset custody and tokenization technology provider Metaco. “Metaco is a proven leader...

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Republican lawmakers seek information from federal regulators on digital assets

By Dave Kovaleski   |   April 28, 2023   |   Digital Currency

A group of leading House Republicans are urging federal financial regulators seeking information on what they call “coordinated efforts by the agencies” to deny banking services to digital asset f...

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Reps. Emmer, Hill call out SEC inconsistency on spot bitcoin

By Dave Kovaleski   |   April 20, 2023   |   Digital Currency

U.S. Reps. Tom Emmer (R-MN) and French Hill (R-AR) sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler on what they called his regulatory “inconsistency” over the treatmen...

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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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