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Friday, May 9th, 2025

Home » Digital Currency » Page 2

Digital Currency

Senators introduce bill to establish regulatory framework for payment stablecoins

By Dave Kovaleski   |   March 12, 2025   |   Digital Currency

A bipartisan group of senators introduced an update to a bill that seeks to establish a clear regulatory framework for payment stablecoins. The bill is the Guiding and Establishing National Innovation...

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Rep. Hill urges SEC chair to remove hurdles for digital asset ecosystem

By Dave Kovaleski   |   March 11, 2025   |   Digital Currency

U.S. Rep. French Hill (R-AR), chair of the House Financial Services Committee, is urging the acting chairman of the U.S. Securities and Exchange Commission (SEC) to remove hurdles put in by place by t...

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OCC reaffirms permissible cryptocurrency activities for banks

By Liz Carey   |   March 11, 2025   |   Digital Currency

The Office of the Comptroller of the Currency (OCC) reaffirm what cryptocurrency activities are permissible in the federal banking system recently. In its Interpretive Letter 1183, the OCC confirm...

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Legislation to benefit crypto currencies passes out of House committee

By Liz Carey   |   March 4, 2025   |   Digital Currency

Legislation that would give Congressional disapproval of an IRS rule passed out of the House Ways and Means Committee last week. House Joint Resolution 25 would “provide for Congressional disapp...

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Republican lawmakers seek answers from FDIC on digital assets for banks

By Dave Kovaleski   |   February 24, 2025   |   Digital Currency

A group of Republicans in the House are seeking answers from the Federal Deposit Insurance Corporation (FDIC) on its plans related to the digital asset activities of regulated financial institutions. ...

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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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Cannabis Banking

  • 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
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  • Delaware to consider bill protecting financial businesses serving legal marijuana industry

Digital Currency

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  • Sen. Thune to expedite vote on GENIUS Act stablecoins bill
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