Tags: US Government

The Biden administration wanted to nix a “special tax subsidy for cryptocurrency,” but it wasn’t in the May 28 debt-ceiling bill. Another narrow escape?

The Lone Star State has become one of the hottest points on the U.S. map in terms of crypto regulation.

There are currently many from the Democratic and Republican parties bidding for the job of president. Here‘s what they’ve said about crypto.

Ron DeSantis understands the ethos of cryptocurrency. For single-issue crypto holders, that puts him ahead of the pack in the 2024 presidential race.

U.S. President Joe Biden expressed opposition to a debt ceiling deal that would allegedly benefit crypto traders.

It is the first political campaign in U.S. history to accept Bitcoin donations.

The hearing was filled with a heavy amount of criticizing the SEC, urging to take matters of regulation into Congress’ hands and empowering the CFTC.

Altman appeared alongside NYU professor Gary Marcus and IBM chief of trust Christina Montgomery to discuss how the U.S. government should regulate the AI industry.

A related report by the FDIC chief risk officer cited poor management as “the root cause of Signature Bank’s failure.”

Coinbase’s chief legal officer Paul Grewal expressed his concerns over the SEC‘s response, asserting that they will happily continue overseeing the sector via regulation as enforcement.

Speaking at the Financial Markets Conference, the SEC chair asserted that the rules for crypto are already in place and that the crypto sector has been largely non-compliant.

The export privilege bar comes as a consequence of Griffith’s conviction and further impacts his involvement in international trade and transactions.

The United States Congressional Budget Office (CBO) has predicted that the U.S government‘s annual deficits will “nearly double over the next decade.”

USDC brings stability to cryptocurrency. It would behoove the financial system if policymakers took measures to foster its adoption.

AI experts from IBM, NYU, and OpenAI will testify before the U.S. Senate on May 16 in a hearing entitled “Oversight of A.I.: Rules for Artificial Intelligence.”

The Coinbase CEO has a lot of faith in Congress in making a “clear rule book” for crypto firms to follow. But the SEC? Not so much.

The Biden administration has released a strategy document focusing on setting standards for “critical and emerging” technologies such as blockchain and digital ID.

Recent regulatory actions have crypto staking providers in the United States on edge.

“Where other exchanges see regulatory risk, we see opportunity,” said Coinjar CEO and co-founder Asher Tan in a recent interview.

Gensler was reluctant to go into details and faced symbolical pressure rather than genuine attempts to interrogate, leaving the crypto industry without any new clarity.

A survey from the Financial Industry Regulatory Authority (FINRA) suggests that new crypto investors tended to be swayed by suggestions from friends, compared to equities or bond investors.

Patrick McHenry suggested that the hearings will look to add to the regulatory efforts being done on the bipartisan bill led by Senator Cynthia Lummis and Senator Kirsten Gillibrand.