Bitcoin bulls in City Hall: Meet America’s crypto mayors
A wave of political goodwill and support for Bitcoin is building up. Is this just hype, or will there be long-lasting support for crypto?
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India Considers Allowing Only Preapproved Cryptocurrencies — Crypto Regulation Expected by Year-End: Report
India is reportedly considering allowing only preapproved cryptocurrencies to be listed and traded on exchanges. In addition, the government aims to both introduce and pass a cryptocurrency law by year-end.…
US lawmakers introduce bill to ‘fix’ crypto reporting requirement from infrastructure law
The bill proposes pushing back the mandated reporting requirements to 2026 as well as changing the definition of broker.
U.S. is not moving fast enough to develop a CBDC, says former CFTC chair
“We should act now to improve access to financial services through other means as well — the need is too great," said Tim Massad.
Acting OCC head calls for consolidated supervision for crypto firms
Michael Hsu said this approach would require more cooperation from both federal and state regulators, with “less regulatory competition” and “more interdependence.”
Kyrgyzstan Shuts Down Cryptocurrency Farm With 2,500 Mining Rigs
Authorities in Kyrgyzstan have uncovered and shut down a large crypto mining farm in the north of the country. Law enforcement officials claim the illegal coin minting facility has inflicted…
US Justice Dept is selling $56M in crypto to compensate victims of BitConnect’s fraud
“This liquidation is the largest single recovery of a cryptocurrency fraud by the United States to date,” said the Justice Department.
China warns state-owned enterprises to cease involvement in Bitcoin mining
China is considering imposing harsh penalties on state-owned firms that continue mining cryptocurrencies.
Infrastructure bill can still be remedied: DeFi dev-turned Congress candidate
Matt West, DeFi developer by night and a Democratic candidate by day, believes there is still time to remedy the anti-crypto provisions of the U.S. Infrastructure Bill.
President Biden signs infrastructure bill into law, mandating broker reporting requirements
Crypto was absent from every speaker's lips during the signing ceremony, with bipartisanship and jobs seeming to be the theme of the afternoon.
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