As many in the crypto industry have said, 15 days over the holidays is just not enough time to respond. Nine congresspeople have signed on to a letter to Treasury Secretary Steven Mnuchin, telling him to hold his horses. The Dec. 31 letter is in response to the Treasury’s recent proposal to make registered crypto businesses […]
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Coinbase says that a 15-day notice-and-comment period for FinCEN’s new crypto rules is not enough. Coinbase, one of the largest cryptocurrency exchanges in the United States, is advocating extension for the industry’s feedback deadline to newly proposed crypto rules by the Treasury’s Financial Crimes Enforcement Network, or FinCEN. In a Dec. 21 blog post, Coinbase’s […]
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FinCEN posted vacancies for two high-profile crypto positions in a bid to get expert professional advice on the crypto industry. The United States Department of the Treasury is looking for expert advice on cryptocurrencies to tackle legal challenges associated with the industry. The U.S. Treasury’s bureau, Financial Crimes Enforcement Network, or FinCEN, has posted two […]
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The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much […]
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The crypto industry and regulators need time to collaborate on better regulations. Jeremy Allaire, CEO and co-founder of peer-to-peer payments firm Circle, sent a letter to senior staff of the United States Department of the Treasury on Dec. 9, appealing for regulators to collaborate with the industry in adopting crypto regulations. Allaire warned U.S. regulators […]
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Congressman Davidson, in particular, sees potential Treasury action as a bad idea for everybody involved. Several members of Congress have voiced opposition to a rumored blockade on self-hosted crypto wallets in the works at the U.S. Treasury. In a Dec. 9 letter addressed to Treasury Secretary Mnuchin, four members of the Congressional Blockchain Caucus wanted […]
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But the bill is unlikely to become law any time soon. On Wednesday night, Congresswoman Rashida Tlaib introduced a bill before the U.S. House of Representatives looking to make fiat-pegged stablecoin operators abide by the same rules and registration requirements expected of banks. The legislation, under the name “the Stablecoin Tethering and Bank Licensing Enforcement […]
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Congressman Warren Davidson recaps yesterday’s hearing on the digital dollar, which seemed to reach new consensus across party lines — but the devil is in the details. In a June 11 hearing before the Congressional Fintech Task Force, everyone seemed to agree that they could improve financial inclusion by giving people more direct access to […]
Continue ReadingAs Telegram learned, regulators in the U.S. are a major barrier to new projects looking for funding anywhere in the world. The United States Securities and Exchange Commission’s vigor in pursuing initial coin offerings, or ICOs, has become a major boogeyman within the crypto community. Most recently, the case against Telegram ended with that company […]
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U.S. Congressman introduces Crypto-Currency Act of 2020, hoping to finally lay down the law as to which regulators handle which digital assets. A United States congressman is the latest working to clarify determine which U.S. regulator is responsible for which digital assets. On March 9, Representative Paul Gosar (R-AZ) introduced the “Crypto-Currency Act of 2020,” […]
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