Regulations

Government
Gensler Receives Powerful Lashes from Congress Majority Whip

Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), has been reprimanded by House Majority Whip Tom Emmer for the former’s incompetence in handling the crypto industry.   The congressman commented that the actions of the SEC have forced crypto…

Bitcoin News
Crypto Just Found Powerful Allies in Congress, Gensler Under Fire

Members of the U.S. Congress grilled the Securities and Exchange Commission (SEC) Chairman Gary Gensler for missteps in the agency’s handling of digital assets.  The SEC chair was admonished for the lack of clarity in regulating the crypto space.  This…

Cryptocurrency
SEC Chair to be Removed by Legislation – Rep. Davidson

Representative Warren Davidson is planning to introduce legislation to remove the position of Chairman in the Securities Exchange Commission (SEC).  He wants the position to be replaced by an executive director who reports to the board.  This move is apparently…

Montana State Flag
crypto adoption
Will the State of Montana Turn Into a Crypto Oasis With Its New Bill?

The legislature of the State of Montana passes a bill that protects the rights of crypto miners.   In essence, it prohibits discriminatory power rates imposed on crypto miners and prohibits additional taxation on the use of cryptocurrency as a payment…

Bitcoin
Bitcoin is Hope and an Escape Route When Disaster Strikes

Bitcoin has often been described as Plan B by many of its supporters.  It has been created to help the common person take back control from the financial elite.  This is what Robert F. Kennedy Jr is trying to say…

Crypto Politics
Elizabeth Warren’s Anti-Crypto Stance: A Challenge to the Industry & Innovation

Senator Elizabeth Warren has been an outspoken critic of cryptocurrencies, voicing her concerns over their potential risks and impact on the financial system. This article delves into the conflict between Warren’s anti-crypto stance and the broader crypto industry, which seeks…

Regulations
SEC Chair Gary Gensler to testify before congress over crypto regulation – Unprecedented Congressional Oversight Looms

Recently, US authorities have intensified their actions against the domestic cryptocurrency industry, making Operation Choke Point 2.0 more evident than ever. The US Securities and Exchange Commission (SEC) has been central to this campaign, as it issued a Wells Notice…

Regulations
Binance Addresses Senators’ Concerns (includes Senator Warren) and Clarifies Misconceptions

In a recent response to a letter dated March 1, 2023, from Senators Warren, Van Hollen, and Marshall, Binance addressed concerns and misconceptions regarding its regulatory compliance and transparency . The letter provided a detailed background on Binance and its…

Crypto Exchange
CFTC Files Complaint Against Binance and Executives – What we know so far

The Commodity Futures and Trading Commission (CFTC) has filed a complaint against cryptocurrency exchange Binance, its co-founder Changpeng Zhao, and former chief compliance officer Samuel Lim. The filing accuses them of soliciting U.S. users and circumventing the exchange’s own compliance…

Regulations
Treasury Department and IRS Seek Feedback on Tax Treatment of NFTs as Collectibles

The Treasury Department and Internal Revenue Service (IRS) have announced plans to solicit feedback regarding the tax treatment of nonfungible tokens (NFTs) as collectibles under tax law. The guidance also requests comments on NFTs as collectibles and outlines the IRS’s…