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Category: US Government

January 25, 2021

Ripple ran crypto’s most expensive lobbying program in 2020

Per the latest in lobbying disclosures, Ripple Labs shelled out for its lobbying on legislation looking to change the treatment of crypto under securities laws.…
January 21, 2021

Treasury Secretary nominee says crypto has potential to improve the financial system

Janet Yellen added that she planned to encourage the use of digital assets for “legitimate activities.”…
January 20, 2021

Nebraska senator introduces bills to allow state banks to custody crypto

“We need to be a leader in FinTech,” said State Senator Mike Flood. A Nebraska state senator has proposed new crypto-friendly legislation which could see his state become the next regulatory safe haven for FinTech firms.Sworn…
January 19, 2021

Ripple pins hopes on Biden administration as co-founder sells 28.6M XRP

General counsel for Ripple Stu Alderoty predicted Joe Biden’s administration would likely “help level the playing field” for crypto.…
January 19, 2021

Decentralization in the centers of power: Learn crypto from Biden’s SEC chair pick, part 3/3

The next leader of the U.S. securities regulator seems to be sympathetic to the mission of decentralization.…
January 19, 2021

Biden’s Treasury Secretary nominee calls cryptocurrencies a ‘particular concern’ for AML

Janet Yellen claimed many cryptocurrencies are used "mainly for illicit financing." Janet Yellen, a former leader at the Federal Reserve and Joe Biden's pick for Treasury Secretary, is still suspicious of crypto as a threat for illicit financing. …
January 19, 2021

Biden’s Treasury Secretary nominee calls cryptocurrencies a ‘particular concern’ for AML

Janet Yellen claimed many cryptocurrencies are used "mainly for illicit financing." Janet Yellen, a former leader at the Federal Reserve and Joe Biden's pick for Treasury Secretary, is still suspicious of crypto as a threat for illicit financing. …
January 19, 2021

How to regulate exchanges: Learn crypto from Biden’s SEC chair pick, part 2/3

The SEC's incoming chair predicted the crackdown on crypto exchanges over AML concerns back in 2018.…
January 15, 2021

Coinbase users can now report their crypto taxes using CoinTracker

Filing 2020 taxes may be slightly less complicated for Coinbase users than it was before. With just three months until the deadline for United States citizens to declare their crypto gains and losses to the Internal Revenue Service, Coinbase is partnering with portfolio tracking and tax calculating platform CoinTracker to make the process simpler.According…
January 14, 2021

Treasury backs down: Crypto monitoring rule will wait until new administration

This is a big win for the crypto industry today, which was unanimous in opposition to a new anti-money laundering rule that many saw as rushed and draconian.…
January 13, 2021

An online future for finance is inevitable, says OCC’s Brooks

Brooks considers the migration of the financial system onto the internet "inevitable." The departing leader of the United States Office of the Comptroller of the Currency is convinced that the future of finance is blockchain-native, per a conversation with crypto analytics firm Elliptic on Wednesday.Described…
January 12, 2021

Visa abandons $5.3B Plaid acquisition in the face of DoJ antitrust suit

The Justice Department's November 2020 suit has reversed the planned merger. The United States Department of Justice saw a victory in a major fintech acquisition case that could set the stage for a host of antitrust enforcements.On…

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