Representatives for Circle and Coinbase blamed traditional financial institutions — ‘TradFi’ — for instability in the digital asset sector. “What happened over the last several days...
Tag: Lobbying
Biden includes crypto tax changes in 2024 budget request
Policy • March 9, 2023, 1:10PM EST President Joe Biden’s proposed budget includes changing tax treatment for “wash sales” of digital assets. The administration’s fiscal year ...
Coinbase CEO defends staking, calls for US to create ‘clear rule book’
The U.S. is behind on getting its regulatory act together while the rest of the world embraces crypto, according to Coinbase CEO Brian Armstrong. The executive, in an interview on Bloomberg TV, ...
Crypto industry lobbying expenses up 120% in 2022 in the US
The crypto industry has been raising its lobbying efforts amid the crypto winter that began last year. In 2022, market participants spent $25.57 million on lobbying in the United States. This number ...
Coinbase spent $3.4M on lobbying in 2022, while FTX spent $720k
Ad Coinbase spent $3.4 million on lobbying activities in 2022, ranking second, while Binance US and FTX US ranked ninth and 13th, respectively, according to a recent report by Money Mongers. The excha...
Coinbase launches grassroots campaign to influence US lawmakers and regulators
Coinbase is taking the crypto gospel on the road with plans to make inroads all across the United States. On Twitter, the crypto exchange operator announced an initiative aimed at advancing “pro-crypt...
The Block: American crypto ownership steady despite tough year: Coinbase survey
It may be crypto winter, but plenty of people are hodling. More than 50 million Americans own crypto, or 20% of the adult population, a recent survey commissioned by Coinbase found. That number...
Crypto Lobbying Needs a Reset: More FTC, less SEC
Crypto is no stranger to these problems – not because its business leaders are any more or less inclined to behave badly, but because, as in other industries, the biggest players are able to exploit t...
IMF calls for coordinated action over fears crypto could undermine global monetary system
The International Monetary Fund took a seemingly tough stance toward growing crypto adaptation with a set of recommendations for member countries and a call for a “coordinated response.” &...
Coinbase says it’s in strong regulatory position despite ‘disjointed’ US approach
Crypto giant Coinbase singled out regulation, and the company’s positioning relative to it in the U.S., as a strength in its earnings report for the fourth quarter of 2022. “We remain committed...
Close to $22 Million Spent Last Year On Lobbying By Crypto firms
Join Our Telegram channel to stay up to date on breaking news coverage The crypto industry set a new record in 2022 in terms of the amount spent on lobbying in Washington, as companies in the sector s...
Crypto Firms Spend Record $21 Million on Washington Lobbying in 2022
The Crypto industry spent a record-breaking $21.55 million on Washington lobbying. The figure represented more than double the value from the previous year. Coinbase paid the most to lobby, spending o...
Sam Bankman-Fried’s favorite lobby group is on life support
The Association for Digital Assets Markets, a trade association for the crypto industry, has been without a CEO and head of policy since the start of the year, and is now rallying its founders in a bi...
Texas Could Soon Be The First State To End Taxpayer-Funded Lobbying
View of Texas Capitol in Austin, Texas. getty Though most of them weren’t aware, Texas taxpayers spent a total of $75 million on contract lobbyists during the last session of the state legislature. Th...
Outgoing Top SEC Lawyer Dined With SBF During FTX Lobbying Spree
Securities and Exchange Commission (SEC) general counsel Dan Berkovitz reportedly dined with disgraced former FTX CEO Sam Bankman-Fried at an elite Indian restaurant in October last year. Berkovitz is...
As Criticism Of Binance grows, It Joins Lobbying Organization
Binance has joined the Chamber of Digital Commerce, which is a lobbying organization for the cryptocurrency market in the United States, according to a press release that was issued by the exchange on...
Binance joins lobbying group as criticism of the exchange ramps up
Binance has joined the Chamber of Digital Commerce, a United States crypto industry lobbying group, according to a Dec. 20 press release from the exchange. The move comes after Binance has been critic...
Democratic groups ditch more than $1 million in donations linked to Sam Bankman-Fried
Three major Democratic political committees say they will return more than $1 million in political donations from Sam Bankman-Fried, after the disgraced former FTX boss was charged with violating camp...
Former FTX executive Nishad Singh was a prolific Democratic Party donor: CNBC
Former FTX Director of Engineering Nishad Singh donated millions to candidates and causes aligned with the Democratic Party beginning in 2020, CNBC reported. Prior to taking a senior role in Sam...
a16z appoints ex-CFTC commissioner Quintenz head of policy
Brian Quintenz has been made head of policy at crypto and web3 venture firm a16z. The former Commodity Futures Trading Commission official joined the investment group last year as an advisor, the firm...
Bankman-Fried-backed bill to feature in Congress’ first FTX hearing
The regulatory legislation supported by embattled former FTX CEO Sam Bankman-Fried will be back in the spotlight during the first congressional hearing on FTX’s collapse. Though the Senate bill’...
Former U.S. FDIC Chair Says Lawmakers Have To Resist Lobbying From Crypto Industry
– Advertisement – Bair says regulators have to work together, and lawmakers have to do better at resisting lobbying from the industry. Former chair of the US Federal Deposit and Insurance ...
US Congressman Says ‘Crypto Bros’ Preventing Legislation by Flooding Washington With Lobbying Money
US Congressman Brad Sherman is calling out FTX executives for flooding Washington, D.C. with excessive lobbying efforts that have stymied crypto regulation legislation. The Democratic congressman says...
Prosecutors Will Not Charge Rudy Giuliani In Foreign Lobbying Probe
Topline Federal prosecutors investigating whether Rudy Giuliani complied with foreign lobbying laws during his dealings in Ukraine have chosen not to bring any charges in the case, the Department of J...
Foreign Officials Spent $750,000 At Trump’s D.C. Hotel While Lobbying U.S. Government, Lawmakers Say
Topline Officials from six foreign governments spent more than $750,000 in a matter of months on stays at former President Donald Trump’s Washington hotel as they sought to influence Trump’s foreign p...
FTX asked about, but did not receive special exemption from SEC
FTX and former CEO Sam Bankman-Fried talked to the Securities and Exchange Commission about a no-action letter, an SEC record of a meeting between the embattled former executive and senior agency staf...
Sam Bankman-Fried’s crypto lobbying legacy haunts Washington
Sam Bankman-Fried’s newfound infamy has given cryptocurrency regulators an opportunity to unravel the former billionaire’s lobbying efforts. Lawmakers will be pressed to reassess their approaches to d...
Criminal charges against SBF ‘on the table’ after FTX’s epic collapse
Former FTX CEO Sam Bankman-Fried’s legal woes could go from bad to worse. After his crypto empire filed for bankruptcy protection, Bankman-Fried could face criminal charges — with his own tweets suppl...
Senators moving forward with SBF-backed bill after FTX collapse
The bipartisan authors of Senate legislation that would increase oversight of cryptocurrencies considered to be digital commodities in the U.S., like bitcoin, plan to move forward with the bill. ...
Sam Bankman-Fried goes from toast of Washington to political pariah
Sam Bankman-Fried’s days as a Washington insider appear over. Even if the former billionaire can miraculously pull off a rescue of his troubled crypto empire, the cachet Bankman-Fried buil...
FTX.US leaves D.C. crypto advocacy group
FTX’s American arm, FTX.US, has departed from the Crypto Council for Innovation, a digital asset industry trade group. Sheila Warren, the head of the industry advocacy association, announced FTX...
FTX turmoil, midterms scramble crypto’s D.C. agenda
With the digital asset market tumbling, the industry’s best-known face in Washington, D.C. in serious trouble, and control of the Senate in limbo, crypto policy advocates scrambled to chart a pa...