Robert F. Kennedy Jr. on Trump’s Guilty Verdict and Pro-Crypto Stance
Robert F. Kennedy, Jr., independent U.S. presidential candidate, speaks at Consensus 2024 in Austin, Texas. (Shutterstock/CoinDesk)
Policy
Sen. Warren Wants to Know How Drug Agencies Are Pursuing Crypto Ties to Fentanyl
The Massachusetts Democrat called for answers from the U.S. drug agencies today on progress in the crackdown on drug traffickers’ use of crypto.
Terraform, Do Kwon Agree in Principle to Settle Fraud Case With SEC: Court Filing
Terraform Labs and co-founder Do Kwon have tentatively agreed to settle a fraud case with the U.S. Securities and Exchange Commission (SEC), according to a court filing Thursday.
A16z Boosts Crypto’s Election Fund by Another $25M to Seek Friendly Congress
A $25 million donation from Andreessen Horowitz (a16z) hit the campaign coffers of the industry’s U.S. political action committee (PAC), according to a Thursday announcement from the firm, putting the amount raised by some of crypto’s biggest names at about $136 million and potentially elevating the sector to the upper echelon of campaign donors.
NYDFS Issues New Crypto Firm Guidance for Consumer Complaints
New York’s top financial regulator has issued new guidance which requires cryptocurrency service providers to collect relevant data to assess whether they are resolving customer service requests and complaints in a timely and fair manner, it announced Thursday.
U.S. Lawmaker at Center of Crypto Negotiation Predicts Digital Assets Law by Next Year
Rep. Patrick McHenry (R-N.C.) vowed the crypto industry won’t have long to wait to get U.S. regulations, now that the U.S. House of Representatives has shown the way.
U.S. Treasury Isn’t Trying to Ban Crypto Mixers, Top Official Says
FinCEN’s 2023 proposal to require crypto companies to report transactions that involved mixing is about transparency, not banning mixers, said Brian Nelson, U.S. Treasury undersecretary.
U.S. Treasury Describes NFTs as ‘Highly Susceptible to Use in Fraud and Scams’
“The report determines that illicit actors can use NFTs to launder proceeds from predicate crimes,” the Treasury said.
U.S. House’s Emmer Says Best Hope for Crypto Legislation Is Year-End Session
Despite the crypto industry’s high-profile recent wins in Congress, major legislation faces a massive practical roadblock in the Senate, U.S. Rep. Tom Emmer (R-Minn.) acknowledged Wednesday, saying that chamber will want its own say in a big crypto bill, leaving little time in the waning congressional session.
Israel to Start Digital Shekel Challenge to Develop Payment Use Cases
Israel’s central bank is launching a challenge on the use of a central bank digital currency in payments as part of an “action plan for a possible issuance of the digital shekel.”