Regulation CFPB establishes new innovation unit to give clarity on existing rules The Consumer Financial Protection Bureau is replacing its Office of Innovation with a new unit to support a broader initiative. Read Full Story May 24, 2022, 4:17PM UTC
Policy Central African Republic teases 'Project Sango' crypto hub The landlocked African nation's plans, published in an online presentation, include a 'crypto island' and a bitcoin wallet. Read Full Story May 24, 2022, 10:49AM UTC
Congress Ted Cruz: 'I want Texas to be the oasis on planet Earth for bitcoin and crypto' "I think a central bank digital currency is a horrific idea. I think it is a very dangerous idea," said Cruz. Read Full Story May 24, 2022, 2:35AM UTC
Stablecoins Korean police seek freeze on Luna Foundation Guard assets: KBS Police in South Korea have reportedly asked multiple exchanges to freeze assets belonging to Luna Foundation Guard. Read Full Story May 23, 2022, 4:03PM UTC
The Block News Plus Lawsuits aimed at recouping UST/Luna losses test uncharted waters Legal trouble is brewing for Terraform Labs following last week’s collapse of TerraUSD. Do unhappy investors have a case? Read Full Story May 22, 2022, 7:57AM UTC
Policy DFS chief Adrienne Harris explains how — and why — New York is speeding up the BitLicense pipeline New York’s financial regulator is accelerating its work on crypto business licensing. Read Full Story May 20, 2022, 3:53PM UTC
Congress House Republicans seek more analysis on a possible US CBDC in letter to the Fed The signatories requested that the Fed conduct a "detailed analysis" on a series of questions as it moves forward on a CBDC. Read Full Story May 19, 2022, 8:08PM UTC
Cryptocurrency Coinbase is launching an in-house crypto think tank Coinbase is launching its first-ever in-house think tank. Read Full Story May 18, 2022, 9:53PM UTC
Policy Gensler tells Congress that the SEC is 'really out-personed' on crypto Securities and Exchange Commission chair Gary Gensler told a Congressional subcommittee Wednesday that his agency needs more human resources as it looks to regulate the US crypto space. Read Full Story May 18, 2022, 3:29PM UTC
Legal South Korean politician calls for Do Kwon to attend hearing on TerraUSD's collapse Yun Chang-Hyun of South Korea's People Power Party has reportedly called for a hearing on TerraUSD after the stablecoin's sudden collapse. Read Full Story May 17, 2022, 9:13AM UTC
Regulation North Korean IT workers are getting tech and crypto jobs online, US agencies warn North Korean workers are using VPNs and online payment platforms to get work in the tech sector, according to a new government advisory. Read Full Story May 17, 2022, 12:07AM UTC
Congress Yellen says the stablecoin market is still too small to pose systemic risk In a hearing before the House Financial Services Committee, Rep. Jim Himes pressed Yellen on where systemic risk would truly begin. Read Full Story May 12, 2022, 4:58PM UTC
Policy FTX’s CFTC proposal faces Congressional grilling, attacks from CME Competitive criticism and lawmaker scrutiny shaped a hearing on an FTX proposal currently before the CFTC. Read Full Story May 12, 2022, 3:58PM UTC
Policy The SEC has already sued Terraform Labs. It has every reason to investigate UST, lawyers say The Securities and Exchange Commission is likely already investigating what happened to UST over the past week, two former SEC lawyers tell The Block. Read Full Story May 11, 2022, 10:14PM UTC
Congress 'Unlike Republicans, we recognize that there is real risk' to stablecoins and crypto, says Senate Banking Committee chairman The Democrats of the Senate Banking Committee fear that their Republican colleagues are not taking the risks associated with cryptocurrency seriously. Read Full Story May 11, 2022, 12:29PM UTC
Policy Washington's think tanks and wonks turn to stablecoins, CBDCs Washington, DC's world of think tanks had been gearing up to address the issue of fiat-backed stablecoins. Read Full Story May 10, 2022, 7:08PM UTC
Regulation Federal Reserve says stablecoins are 'prone to runs' in new financial stability report As UST struggled to maintain its dollar peg, the Fed is calling stablecoins a central funding risk. Read Full Story May 9, 2022, 8:43PM UTC
Tax India mulls a 28% tax for crypto services: CNBC-TV18 The Asian nation is reportedly considering imposing a 28% Goods and Services Tax on all cryptocurrency transactions. Read Full Story May 9, 2022, 12:02PM UTC
Bitcoin The crypto industry mobilizes in New York over mining moratorium It is the first time that the crypto industry has flexed its growing lobbying might at the US state level. Read Full Story May 5, 2022, 1:01PM UTC
Policy Crypto stakeholders dropped more than $4 million on DC lobbying in Q1. Here are the biggest spenders The latest in the crypto industry's lobbying activities shows more and more companies setting up outposts in DC. Read Full Story May 3, 2022, 7:00PM UTC