Biden Administration Seeks Crypto Oversight Amid Hamas Concerns

Biden administration seeks new congressional powers to crack down on illicit crypto use by Hamas to fund war.

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Biden Throws Crypto Traders Under the Bus in Debt Deal

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White House Goes Back to the Future With FDIC Chair Pick Gruenberg

President Joe Biden has chosen to nominate Federal Deposit Insurance Corp. (FDIC) Acting Chairman Martin Gruenberg to return to the chairmanship he held in previous administrations. The FDIC will have a key role in how crypto will mesh with the U.

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What’s Inside the FSOC’s Long-awaited Report on Crypto Regulation

The Financial Stability Oversight Council (FSOC) published its own highly anticipated report in response to U.S. President Joe Biden’s executive order on crypto earlier this week, calling on Congress to define the line between a security and a non-security, at least as far as crypto is concerned.

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Joe Biden’s Administration Implores Expedition of Crypto Regulations

President J. Biden’s government has urged Congress to pass legislation clarifying how digital currencies should be regulated, warning that delays on Capitol Hill could endanger investors.  Both Cryptos and Brokerage Firms Are on the Spot The US Financial Stability Oversight…

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Biden’s cryptocurrency framework is a step in the right direction

Cryptocurrency guidelines released by the Biden administration this month show that officials are considering the benefits of crypto. That’s a step in the right direction.

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Biden's anemic crypto framework offered nothing new

The cryptocurrency industry needs substantive proposals that aim to do more than simply mitigate potential damage. The Biden administration's framework failed to acknowledge crypto's advantages.

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New DOJ Crypto Report Laser-Focused on Law Enforcement’s Role in Biden’s Crypto Framework

In response to U. S. President Joe Biden’s March executive order on Ensuring Responsible Development of Digital Assets, the U. S. Department of Justice released a new report on law enforcement’s role in the space.

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First Crypto Regulatory Framework Released By The White House, Here’s More About It!

United States President Joe Biden has passed an executive order on crypto, which is called “Ensuring Responsible Development of Digital Assets. After this, the federal agencies introduced a joint fact sheet on six principal directions for regulation in the U.

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Blockchain Association calls White House's crypto framework a 'missed opportunity'

Critics claimed the Biden administration's reports focused on environmental concerns over crypto's energy consumption and illicit uses rather than the technology's benefits.

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Yellen Points to “Significant Opportunities” as Treasury Shares Crypto Tips

Treasury Secretary Janet Yellen said that while there are risks to digital assets, there could be significant opportunities. Treasury Shares Crypto Reports Six months after President Biden signed an executive...

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Biden Administration Crypto Framework Unveiled Underscoring Consumer Protection

The Biden administration has just issued a framework for the development of digital assets, after receiving recommendations requested in the March 9 executive order. The post Biden Administration Crypto Framework Unveiled Underscoring Consumer Protection appeared first on BeInCrypto.

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White House Releases Bitcoin, Crypto Regulatory Framework

Following U.S. President Biden’s executive order, the White House published a framework for CBDC development and strict regulation of the ecosystem.

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White House releases inaugural framework for crypto regulation

The White House has released the framework for cryptocurrency regulation based on the earlier executive order from President Biden. The post White House releases inaugural framework for crypto regulation appeared first on CryptoSlate.

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Biden’s Executive Order Produces Few Answers in Crypto Reports From US Treasury

The White House and federal agencies, including the U.S. Treasury Department, laid out in greater detail what they see as concerns around digital assets, as well as possible benefits, but specific regulations are still yet to come.

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Crypto Market Forecast: Week of July 18th 2022

A curated weekly summary of forward-focused crypto news that matters. This week, the US Treasury issues a response to President Biden's crypto executive order, Russia bans cryptocurrency payments and BTC rises despite bearish headwinds.

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Window Opens for Industry Players to Shape the Crypto Regulatory Framework

In March 2022, US President Joe Biden signed an executive order directing federal agencies to develop a strategy and national policies to ensure the responsible development of digital assets in the US.

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US Treasury calls for public comment on digital asset policy, following Biden's executive order

President Joe Biden's executive order on crypto from March directed the Treasury Department to take the lead among other government agencies in developing policy recommendations.

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US Treasury Opens Door for Public Comments on Biden’s Crypto Order

The Treasury Department will accept comment letters by Aug. 8 on the president’s March order to establish a regulatory regime for crypto.

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US Treasury issues framework addressing engagement on crypto with foreign regulators

The Treasury report was required under President Joe Biden’s executive order on digital assets issued in March.

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US Treasury Develops 'Framework' for International Crypto Regulation

The U.S. Treasury Department published a fact sheet outlining a framework on digital asset regulation. It is the first publication to result from U.S. President Joe Biden's executive order on digital assets.

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IRS Likely to Delay Crypto Exchange Reporting

The Biden administration seems poised to delay when it expects cryptocurrency brokers and exchanges to start reporting on their clients’ trading. The post IRS Likely to Delay Crypto Exchange Reporting appeared first on BeInCrypto.

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US Infrastructure Law’s Reporting Requirements for Crypto Brokers Likely to Face Delay

Hotly-debated reporting requirements for crypto exchanges and brokers included in U.S. President Joe Biden’s $1 trillion infrastructure law could face a major delay.

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Last Week [in] Crypto: Rough Times for the Biggest Crypto Firms, Crypto Prices Plummet, Crypto Adoption on the Rise

Be[in]Crypto has scoured the ends of the crypto ecosystem to curate the most important stories for you from the Celsius freezing withdrawals, Jake Paul’s jibe at President Biden, BlockFi and Crypto.

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Jake Paul Blames Joe Biden for ‘Plummeting Crypto Prices’

Serial crypto scammer Jake Paul has blamed US President Joe Biden for a laundry list of economic ills, including high inflation and plummeting crypto prices.  The post Jake Paul Blames Joe Biden for ‘Plummeting Crypto Prices’ appeared first on BeInCrypto.

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U.S. Treasury Department on Track to Regulate Unhosted Wallets

The U. S. Treasury Department is progressing toward addressing the anonymity of unhosted crypto wallets as part of Joe Biden's wider strategy to tackle illicit finance involving digital assets. The post U.

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Leaked US Bill Seeks To Tighten The Noose Around Crypto Regulations

The crypto community in the US is staring at tough times ahead after a bipartisan bill that was leaked suggested tougher regulations on the nascent sector. The bill was drafted by Senators Cynthia Lummis and Kirsten Gillibrand and comes barely four months after President Joe Biden issued an executive order directing his administration to begin […]

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US Justice Department Urges More Coordination to Combat Crypto Crime

A new report from Justice responds to this year’s executive order from President Joe Biden, marking some of the first recommendations produced by the order.

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Crypto Market Forecast: Week of June 7th 2022

A curated weekly summary of forward-focused crypto news that matters. This week, a key Russian official considers crypto for international transactions, President Biden outlines an inflation strategy, and the Cardano community gears up for the Vasil hard fork.

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Biden administration to draft report on crypto miners’ energy use, emissions

An energy team of the White House is drafting a policy recommendations report to address issues concerning cryptocurrency mining’s energy consumption and emissions, according to a report by Bloomberg Law.

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White House Investigating Crypto Energy Consumption

A White House task force is currently examining the advantages and disadvantages of cryptocurrency mining with the aim of providing the Biden administration with appropriate policy recommendations. Appropriate Policy Responses...

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Russia May Turn to Crypto to Pay Off Its Foreign Debt as Sanctions Mount

US Treasury Department officials announced that Russia would no longer be able to pay bondholders through US banks after May 25, 2022 due to sanctions imposed by the Biden administration for its invasion of Ukraine.

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Commerce Dept. Asks for Public Comments on Framework for US Crypto Competitiveness

The request is in response to Joe Biden’s executive order in March asking for agencies to coordinate their approach to digital assets.

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Biden Administration Wants Crypto Exchanges to Separate Customer and Corporate Funds

U.S. President Joe Biden’s administration will press Congress to demand cryptocurrency exchanges keep their customers’ money separate from their own corporate funds, according to a person familiar with the plan that could constrain the way the industry does business.

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Commissioner Kristin Johnson to sponsor CFTC Market Risk Advisory Committee

The crypto hawk Biden appointee will sponsor a panel of 36 financial industry executives, thought leaders and other prominent figures.

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EU commissioner calls for global coordination on crypto regulation

Mairead McGuinness said the U.S. and the EU were both moving forward on comprehensive frameworks for crypto, with President Joe Biden's executive order and the MiCA proposal.

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Bitcoin Drops To $38K After Amazon Retraction On Accepting BTC Payments

The king of cryptocurrency is suffering another meltdown at a 3. 3% drop in just 24 hours.  Bitcoin is currently trading at around $38,210 which is the lowest so far since March of this year when US President Joe Biden signed an executive order on crypto regulations.

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Biden Nominates Former Ripple Adviser Barr as Top US Fed Regulator

President Joe Biden named former crypto industry adviser Michael Barr as his latest pick for a Federal Reserve post that's arguably the most powerful financial regulator job in the U.S.

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Don’t Expect Carefully Researched Crypto Regulations

A senior researcher at the American Institute for Economic Research dissects the Biden administration’s executive order on crypto.

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Meme Coins, Gambling and Crypto Regulation

As the Biden administration develops a crypto regulation framework, one type of token could be due for particularly close scrutiny.

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Crypto Rules Should Match Traditional Financial System, Yellen to Say Thursday

Treasury Secretary Janet Yellen will deliver her first speech focusing on cryptocurrencies and the digital assets industry on Thursday. Excerpts of Yellen's remarks reveal her views on how to oversee the industry according to guidelines set forth in a recent executive order from President Joe Biden.

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Treasury's Yellen to Deliver First Speech on Crypto in US Economy

Treasury Secretary Janet Yellen has scheduled her first speech devoted entirely to digital assets and their place in the U.S economy. The Thursday remarks are expected to track closely with the sentiments already expressed in President Joe Biden's recent executive order.

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Biden Executive Order, Ukraine War Present US Lawmakers an Unprecedented Crypto Learning Opportunity

Ukraine’s use of crypto to secure valuable donations and the Biden Administration’s Crypto Executive Order will allow the industry to show how digital assets can be a force for good.

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Innovation In Payments Systems Can Be A Healthy Thing” Fed’s Secretary Yellen On Crypto

The U. S. Treasury and other regulatory agencies are already working on cryptocurrency regulations, weeks after president Joe Biden signed an executive order outlining his government’s policy objectives concerning cryptocurrencies, treasury Secretary Jannet Yellen has said.

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Biden Budget Proposal Estimates Additional $11B in Revenues by 2032 by Updating Crypto Rules

The proposal also seeks to expand the DOJ’s budget by $52 million to fight ransomware and combat the “misuse of cryptocurrency.”

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The Unnoticed OFAC Budget Ask in Last Week's Crypto Congressional Hearing

U.S. Sen. Elizabeth Warren wants to task the Biden administration and Treasury Department with monitoring crypto transactions for fear of sanctions violations. The two Treasury agencies that would do so might already have the authority they need – but not the money.

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Discussing The Impact Of Biden's Executive Order On Crypto

In this episode of "Bitcoin Bottom Line," the hosts and guest discuss the potential impact on Joe Biden's crypto-related executive order.

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US lawmakers introduce bills that could force crypto exchanges to cut ties with Russian wallets

Brad Sherman said the Biden administration should have the ability to tell crypto exchanges not to do “business with Russia-based crypto wallets” amid the situation with Ukraine.

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Joe Biden’s Crypto Executive Order Is a Symbol

President Biden announced his executive order last week. It’s light on practical effects but the symbolism may be the point.

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