Crypto Industry Is ‘Absolutely’ at War Against Gensler, Warren, Blockchain Association CEO Smith Says
The war won’t last forever, but probably will continue for the next 18-20 months, Kristin Smith said.
Policy
5 Consensus 2023 Takeaways
Members of our CoinDesk editorial team got together on Twitter Spaces today to assess the big picture at Consensus 2023 and share their takeaways on the critical issues that will shape how the industry continues to unfold.
‘Opportunism and Demagoguery’ Fuel the U.S. Regulatory Crackdown, Steptoe Partner Says
Steptoe Partner Jason Weinstein, on the stage at Consensus 2023 in Austin, Texas, said this latest wave of crackdowns on the crypto industry is the worst he has ever seen.
Global Crypto Regulation Needs Coordination, Not Duplication, Legal Experts Say
“It’s not good to put crypto all in the same basket and look at it in a vacuum,” said Marianne Bechara, senior counsel at the IMF.
Genesis Bankruptcy Parties Agree to a 30-Day Mediation Period
The process can start once the parties agree on a mediator and submits an order to the U.S. bankruptcy court.
Reintroduced Congressional Bill Would Call for Feds to Study Terrorist Uses for Crypto
A bipartisan bill introduced simultaneously to the House and Senate would call for federal agencies to study the possible criminal uses for crypto, and provide a report with recommendations on how to address these concerns.
UK Tax Authority Proposes Changes to Treatment of DeFi Lending, Staking
The proposed framework, now open for public consultation, will also apply to crypto lending and staking through intermediaries, the authority said.
Don’t Cap Digital Euro Holdings, European Parliament Study Says
The paper turns on its head conventional wisdom that limits are needed to avoid supplanting the banking system
Terra’s Do Kwon Wants SEC Charges Dismissed, Court Filings Show
The SEC cannot regulate digital assets involved in the case as the UST stablecoin is a currency, not a security, lawyers for the disgraced crypto executive said.
Zimbabwe to Introduce Gold-Backed Digital Currency: Report
The country’s central bank wants people to be able to exchange Zimbabwe dollars for the gold-backed token so they can hedge against the currency’s volatility.