Biden’s Nonsensical Proposed 30% Tax Would Kill Bitcoin Mining in the U.S.
(President Joseph Biden, on Twitter/X)
Regulation
U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether: JPMorgan
Out of four recent crypto regulatory initiatives, the stablecoin bill has the highest chance of being passed before the U.S. presidential election, the report said.
Crypto’s Latest Privacy Battle
The Consolidated Audit Trail should not be allowed to quietly become law, Marisa Coppel and Amanda Tuminelli argue. (Horatio Henry Couldery/Wikimedia Commons)
Australian Regulator Scolded Over ‘Misleading’ Release, Must Pay Costs as Block Earner Avoids Penalty
Block Earner doesn’t need to pay a penalty because it acted honestly in seeking to engage with government over regulation of crypto-related products and services.
Crypto Can’t Be Regulated by Current US Regulators
Alexandra Damsker, author of “Understanding DeFi,” argues that the shifting nature of tokens means that agencies like the SEC and CFTC are incapable of regulating crypto effectively.
NYSE Would Consider Crypto Trading If Regulatory Picture Were Clearer, President Says at Consensus 2024
NYSE President Lynn Martin and Bullish CEO Tom Farley discussed crypto regulations, changing U.S. politics and the limitations and opportunities of blockchain tech to improve traditional markets.
The Unintended Consequences of FIT21’s Crypto Market Structure Bill
(Andy Feliciotti/Unsplash, modified by CoinDesk)
Is the House’s FIT21 Bill Really the Legislation That Crypto Needs?
While many in the industry cheered the passing of the Financial Innovation and Technology for the 21st Century Act yesterday, many other raised criticisms and concerns.
The Financial Innovation and Technology for the 21st Century Act Is a Watershed Moment for Our Industry
Republicans in the House of Representatives may force a government shutdown that could slow down crypto’s U.S. progress. (Jesse Hamilton/CoinDesk)
SEC’s Gensler Going Rogue in Solo Quest to Stop U.S. Crypto Legislation?
The White House is “eager” to work on a crypto bill. That was the sentiment of its latest statement on Wednesday, putting the administration on-the-record again about wanting new digital assets policies to protect investors. But U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler – the securities watchdog President Joe Biden hired as a member of his transition team and a key regulator – says don’t bother.