Fed sees stablecoin as form of money, wants ‘robust’ role in its oversight, Powell says
The Federal Reserve chair gave his opinion on draft crypto legislation at the House Financial Services Committee’s semi-annual Fed policy hearing.
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The US will find the ‘right outcome’ for crypto, eventually – Coinbase CEO
During an interview with WSJ, Coinbase CEO Brian Armstrong explained that entrepreneurs who departed from the United States will only return when the government finds the "right outcome" for crypto…
Ooki DAO to shut down after ‘precedent setting’ court battle with CFTC
The CFTC highlighted that “critically, in a precedent-setting decision” the Ooki DAO was held in court as “‘person’ under the Commodity Exchange Act.”
House Ag Committee looks at digital assets regulatory bill, Dems ask how to pay for it
The full Agriculture Committee heard testimony from CFTC Chair Rostin Behnam, a full roster of former regulators and Coinbase’s chief legal officer.
US lawmakers aim for crypto regulatory clarity with proposed bill putting the screws to SEC
The framework under the bill would allow certain tokens to qualify as digital commodities if they were decentralized and crack down on the SEC’s previous approach to crypto.
CFTC commissioner says proposal to reassess risk management could consider crypto
Christy Goldsmith Romero pointed to the collapse of FTX, Terra and Celsius in having the CFTC reconsider the way it handled risk management.
US CFTC issues letter on digital asset derivatives, clearing compliance in 3 areas
The letter is a reminder, but a highly specific one that is reminiscent of the SEC’s recent custody rule proposal in part.
CFTC Sues 5 Individuals for Bitcoin Trading Services Fraud
The Commodities Futures Trading Commission (CFTC) has sued five individuals for falsely promoting bitcoin and crypto trading services, thereby swindling unsuspecting investors. The defendants in the case, according to the…
Clear as Mud: CFTC Chair Says Cryptos Are Commodities, Former Commissioner Says They Can be Both
Speaking on the Unchained podcast on May 23, Dan Berkowitz muddied the regulatory waters even further by stating that crypto assets can be both commodities and securities. The notion goes…
Binance.US seeking to cut Changpeng Zhao’s majority stake: Report
Changpeng Zhao is the crypto exchange's founder, majority owner and chair. He is also the CEO and co-founder of the global crypto exchange, Binance.
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