Mexico’s Crypto Stance Unlikely to Change as Ruling Morena Party’s Claudia Sheinbaum Elected President
Mexico City’s former mayor Claudia Sheinbaum, fielded by the ruling Morena party, has been elected Mexico’s first female president.
Regulations
U.S. President Biden Vetoes Resolution Overturning SEC Guidance
U.S President Joe Biden signed a veto of a House Joint Resolution that would have repealed the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121.
Wall Street Asks Biden Not to Veto Congress’ Rejection of SEC Crypto Policy
In a rare lobbying overlap with crypto world, Wall Street banks and members of Congress are asking President Joe Biden to reverse course on his vow to veto the U.S. congressional resolution to overturn the U.S. Securities and Exchange Commission’s (SEC) crypto accounting policy.
U.S. Sen. Wyden: House ‘Right’ to Pursue Crypto Bill, Late in Session for More Progress
AUSTIN, Texas – Sen. Ron Wyden (D-Ore.), one of the U.S. Senate Democrats who’ve shown some support for crypto issues, cast doubt Friday that a legislative solution for the industry would move quickly, but he suggested to an audience at CoinDesk’s Consensus 2024 that the momentum will continue next year in Washington.
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. 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.