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Six senators urge Treasury Secretary to clarify definition of broker in infrastructure law before 2022

According to the U.S. lawmakers, the infrastructure law contains an “overly-broad interpretation” of what a broker is and places the reporting burden on individuals who may not have the necessary…

Continue ReadingSix senators urge Treasury Secretary to clarify definition of broker in infrastructure law before 2022

Fed chair Jerome Powell says he isn’t concerned about crypto disrupting financial stability in the US

“Stablecoins can certainly be a useful, efficient consumer-serving part of the financial system if they’re properly regulated,” said Jerome Powell.

Continue ReadingFed chair Jerome Powell says he isn’t concerned about crypto disrupting financial stability in the US

Witnesses offer differing opinions on approach to stablecoins at congressional hearing

Every witness who appeared in front of the committee seemed to have their own rallying cry for U.S. lawmakers, from calling for greater KYC/AML compliance to "avoid policies that encourage…

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Point of no return? Crypto investment products could be key to mass adoption

Cryptocurrency investment products could be a missing piece of the puzzle towards mass adoption, and are now becoming increasingly more common.

Continue ReadingPoint of no return? Crypto investment products could be key to mass adoption