The Blockchain Association launched a new political action committee aimed at promoting pro-crypto candidates, the organization announced Monday. The trade association is launching BA PAC as crypto re...
Tag: Policy
Any doubt Fed will raise rates by 75 basis points next week is gone after hot U.S. inflation data
Any doubt that the Federal Reserve will raise its its benchmark interest rate by 0.75 percentage point next week is gone, economists said, following the hot U.S. consumer price inflation data for Augu...
‘Bitcoiner’ Bruce Fenton Mines Senate Race for Support in Granite State
SALEM, N.H. — New Hampshire Republican Bruce Fenton is down in the polls, and plenty of Granite Staters haven’t even heard of him, but the self-described “bitcoiner” is doing his part to get people ta...
White House Inks Strategy To Grow Trillion Dollar US Bioeconomy
White House Inks Strategy to Grow Trillion Dollar US Bioeconomy Dall-e x John Cumbers The US bioeconomy is booming. Valued at nearly one trillion dollars and predicted to grow globally to over $30 tri...
‘We’re not giving crypto a pass,’ says SEC’s enforcement chief
The Securities and Exchange Commission is going to continue to aggressively pursue enforcement actions against crypto companies, its lead enforcer told a legal conference in Washington on Sept. 9. &#...
How Ethereum’s monetary policy will change after The Merge
Ethereum is on the brink of The Merge, which will transition the network from proof of work to proof of stake. This major shift is being undertaken primarily to reduce the network’s energy consumption...
SEC to form a new office for crypto disclosures
The Securities and Exchange Commission will establish a new office for cryptocurrency filings. The office will be within the Division of Corporation Finance, which handles disclosures for publicly tra...
White House report proposes possible restrictions on proof-of-work crypto mining
A new White House report encouraged a broad policy push to reduce greenhouse gas emissions and urged the use of clean energy by U.S. crypto mining companies — and potentially more restrictive measures...
Fed’s Brainard sees further rate hikes, restrictive policy for ‘some time’
Federal Reserve Vice Chair Lael Brainard said Wednesday that while a small drop in inflation is welcome, the Fed will still need to raise interest rates further and for as long as it takes to bring do...
House Republicans press Fed on digital dollar
Republicans on the House Financial Services Committee want more information from the Federal Reserve System on a potential US Central Bank Digital Currency, ahead of a deadline set by President Joe Bi...
‘We need legislation’ on stablecoins
Stablecoins should be “appropriately regulated” to play a role in the financial system, Federal Reserve Board Chair Jerome Powell said on Thursday. “We need legislation on this,” Powell said. “There i...
SEC has been ‘clear’ on cryptocurrencies
Gary Gensler is not backing down from the crypto industry. “Of the nearly 10,000 tokens in the crypto market, I believe the vast majority are securities,” Gensler said, reiterating the SEC’s st...
Coinbase backs lawsuit aimed at Treasury’s Tornado Cash sanctions
Several employees of leading crypto exchange Coinbase are filing suit to roll back last month’s Tornado Cash sanctions. Coinbase itself is financially backing the suit. The lawsuit centers on a...
4 takeaways after the ECB hiked policy rates by 75bp for the second time ever
The European Central Bank (ECB) hiked policy rates today by 75bp – the second time on record. In doing so, the central bank is frontloading rates ahead of challenging times ahead. During the press con...
German crypto tax policy one of the best in the world – Coincub report
Coincub’s annual tax ranking report shows that Germany offers its residents the best tax policies in the world, while Belgium is one of the worst places to own crypto due to its high taxation. The Coi...
The FED’s Policy Seems Tough for The Crypto World
FED Policy for the Equity and Crypto Market The monetary policy of the U.S. going through the financial market conditions. It includes the equities and crypto that highly relates with the equity marke...
IMF Urges For Comprehensive Global Regulatory Policy To Tackle Crypto-Issues
The emergence of cryptocurrencies and their increasing adoption impetus the need for crypto regulations. Issues like failures of projects, exploits, high market volatility, and misuse of digital asset...
4 reasons why the ECB will tighten policy faster than the market expects
This week’s main event is the European Central Bank (ECB) ‘s decision on Thursday. The ECB is in a tough spot, as inflation is running hot in the euro area, and the war in Ukraine sent energy prices t...
IMF Pitches for Comprehensive Global Regulatory Policy for Cryptocurrencies IMF Calls for Global Regulatory Framework for Cryptocurrencies
Taking note of how cryptocurrencies have emerged as a mainstream choice for a variety of purposes, IMF has called for a coordinated, consistent, and comprehensive global response to the evolving regul...
The world’s securities law watchdog is scrambling to create ‘common standards’ for crypto
Never has the question of how securities laws should apply to cryptocurrency been more urgent. That’s the view of Lim Tuang Lee, assistant managing director, capital markets for the Singapore Monetary...
SEC and CFTC want help building new crypto reporting regime for hedge funds
Regulators want help assembling a regime for private funds to report their crypto exposure. On September 1, the Securities and Exchange Commission and the Commodity Futures Trading Commission put out...
What Visits By Musk And Von Der Leyen Say About Energy Policy
Tesla CEO Elon Musk gives interviews as he arrives at the Offshore Northern Seas 2022 (ONS) meeting … [+] in Stavanger, Norway on August 29, 2022. – The meeting, held in Stavanger from Aug...
FTX US Derivatives adds former CFTC commissioner to board
Former Commodity Futures Trading Commissioner Jill Sommers has joined the board of FTX’s US derivatives subsidiary. A Republican appointee under Presidents George W. Bush and Barack Obama, Sommers ser...
The Fed Policy and The Merge: Crypto’s two biggest moments?
Now that September has begun, markets seem to be just reeling from the Federal Reserve’s more hawkish stance than they expected. In sync with the stock market, the crypto market tumbled after the Fede...
FTX’s Nishad Singh supports policy in Vermont
FTX junior executive Nishad Singh wanted to indirectly donate $1.1 million to Becca Balint, supporting Vermont politics. Cryptocurrency and politics: FTX executive supports Becca Balint In the state o...
Congressman calls on crypto exchanges and regulators to account for fraud and scams in crypto
Crypto faces new scrutiny from the congressional financial watchdog. In a series of letters sent on August 30, Rep. Raja Krishnamoorthi, D-Ill., called federal regulators and leading crypto exchanges ...
New York’s Updated Gun Legislation Can Take Effect, Court Rules—Replacing Policy Supreme Court Struck Down
Topline New York’s updated concealed carry policy will take effect Thursday as scheduled after a federal judge threw out a lawsuit challenging it on Wednesday, suggesting states could still have a leg...
Has X2Y2 Drastically Changed An NFT Policy?
No More Royalties Numerous supporters of Web3 and NFT tweeted about the contentious X2Y2 team’s decision to change creator royalties a couple of days ago, August 27, 2022. Creators won’t g...
Federal Reserve’s FedNow payments system will be live within a year, says Brainard
The Federal Reserve is getting closer to delivering its much-anticipated instant payments system, FedNow. In a virtual speech on August 29, Fed Vice Chair Lael Brainard announced: “We will be r...
SEC v. Ripple battle spills over into WSJ op-ed pages
The battle between crypto firm Ripple and the Securities and Exchange Commission (SEC) has moved into a new venue of sorts. Early last week, SEC Chair Gary Gensler wrote an op-ed for the Wall Street ...
Singapore may adopt tougher rules for retail crypto market
The Monetary Authority of Singapore may adopt stricter rules for retail crypto market participants, managing director Ravi Menon said Monday. The city-state’s de facto central bank sought to dif...
Most of the responses to Joe Biden’s crypto executive order are due next week
The bulk of agency responses to President Biden’s executive order are coming due soon. Per the March 9 order, seven reports from agencies are due to the White House 120 days after the release ...