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Congress may be ‘ungovernable,’ but US could see crypto legislation in 2023
12.1.2023
Bipartisan support for cryptocurrencies exists on both sides of the aisle and in both chambers, but extreme elements could still thwart legislation
US lawmakers call on court to approve 'independent examiner' in FTX bankruptcy case
10.1.2023
Four U.S. Senators said Sullivan & Cromwell was "simply not in a position to uncover the information needed to ensure confidence in any investigation or findings" regarding FTX
US senator behind efforts to pass major crypto bill won't seek re-election
5.1.2023
Senator Debbie Stabenow was one of the lawmakers behind introducing the Digital Commodities Consumer Protection Act in August
Congressman Does Leeroy Jenkins Impression Amid Republican Meltdown
5.1.2023
Since Tuesday, Rep. Kevin McCarthy (R-Calif.) has lost six rounds of voting to become the next Speaker of the House in Congress. These humiliating defeats have left the legislative branch of the U.S. Government in limbo and even led one bored congressman to go full Leeroy Jenkins on the House floor...
US Congress investigations into FTX are in limbo without a House Speaker
4.1.2023
With no leadership elected to the House of Representatives, efforts to address fraud allegations at FTX or legislate crypto may be delayed indefinitely
Indicted FTX Co-Founder Sam Bankman-Fried Discussed ‘Pandemic Prevention’ With Biden Administration Officials
4.1.2023
According to public filings, former crypto billionaire and FTX co-founder Sam Bankman-Fried met with senior Biden administration officials before he was indicted for financial fraud. When asked about the visits, White House press secretary Karine Jean-Pierre told the press the meetings involved...
100 crypto lobbyists prepare for the fight of their lives as Congress resumes
4.1.2023
Battle lines are being drawn over crypto in Congress but industry executives remain optimistic
US lawmakers could consider stock trading ban in next session of Congress
2.1.2023
All members of Congress are already required to report most investments in stocks and cryptocurrency, but many have pointed to potential conflicts of interest
US lawmakers under pressure following FTX collapse: Report
31.12.2022
In response to FTX's fall, United States lawmakers are reevaluating the crypto industry's regulatory needs for 2023
FTX, Congress, Stablecoins: What 2023 May Bring for Crypto Regulations
30.12.2022
Can you believe this year started off with U.S. law enforcement officials arresting two individuals in connection with the 2016 Bitfinex hacked funds? For this week’s newsletter, the 102nd since we first launched in 2021, I asked CoinDesk’s Policy Team what they’re looking out for this upcoming year
US Government Delays Tax Reporting Rules for Cryptocurrency Brokers
25.12.2022
The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S. Congress in 2021, were to be imposed in 2023. Crypto...
President of Brazil Sanctions Cryptocurrency Law
23.12.2022
President Jair Bolsonaro has approved law 14.478, which regulates cryptocurrency-related operations and virtual asset service providers (VASPs) in Brazil. The document, approved on the last day of the period allowed, will begin to be applied 180 days after its sanction. This will give all parties...
US Lawmaker Suggests ‘Maybe’ Crypto Should Be Banned Citing Bigger Issues Than FTX
21.12.2022
A U.S. senator has suggested that cryptocurrency should “maybe” be banned following the collapse of crypto exchange FTX. However, he acknowledged that banning crypto “is very difficult because it will go offshore and who knows how that will work.” Senator Sherrod Brown...
4 legislative predictions for crypto in 2023
20.12.2022
We may not see much from Congress, but there is a chance the SEC will continue making crypto policy via litigation
Crypto’s regulatory fate will be decided in the year ahead
19.12.2022
Congress is set to take up a slew of legislative proposals in 2023 that will determine which regulators have chief domain over cryptocurrency
Next House committee chair reintroduces bill on crypto innovation
19.12.2022
Under the proposed bill, companies could apply for an “enforceable compliance agreement” with offices at federal financial agencies that would allow for a regulatory path forward
New FTX CEO Told Members of Congress SBF’s Family ‘Certainly Received Payments’ From the Business
19.12.2022
According to multiple reports, FTX co-founder Sam Bankman-Fried’s parents face scrutiny over their reported involvement with their son’s business operations. The two Stanford professors Joseph Bankman and Barbara Fried have not been charged with any wrongdoing, but the current FTX CEO, John J....
US Senator: Cryptocurrency Cannot Be Stopped, FTX Collapse Isn’t an Indictment of Crypto
18.12.2022
U.S. Senator Pat Toomey says illegal actions by crypto exchange FTX must be separated “from perfectly lawful and innovative cryptocurrencies.” Emphasizing that “The collapse of FTX is not an indictment of crypto,” he noted that “cryptocurrency cannot be stopped”...
SEC was “asleep at the wheel” about FTX - US Rep. Sessions
17.12.2022
The Texas Congressman urged lawmakers to examine the SEC's efforts to prevent fraud at the crypto exchange
US Financial Stability Oversight Council urges congressional action on crypto
16.12.2022
According to the FSOC, issues at FTX had “precipitated price decreases in Bitcoin and other crypto-assets” but “had a limited impact on the broader U.S. financial system.”