Religious services move to metaverse amid COVID-19 concerns
According to DJ Soto, the future of churchgoing is in the metaverse because "it reaches people who can't physically go to church."
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US lawmaker pushes for state-level regulations on stablecoins at hearing on digital assets
Patrick McHenry implied that the U.S.' regulation of stablecoins with a “single regulator at the federal level” would likely fail.
No precedent: IRS court settlement doesn’t clarify crypto staking taxes
There is yet to be a conclusive court ruling regarding the taxation of staked crypto rewards; however, a recent case demonstrates industry progression.
US national figure skating body adopts Bitcoin donations
After announcing plans to go crypto in September last year, the U.S. Figure Skating now officially accepts Bitcoin for donations.
US Federal deposit insurer lists “crypto-asset risks” among its top priorities for the year
FDIC's acting chairman stated that the work on crypto-related guidance for U.S. banks is underway.
US Treasury targets NFTs for potential high-value art money laundering
The Department of the Treasury suggested that the increasing use of art as an investment or financial asset could make the high-value art trades vulnerable to money laundering.
Stealth rulemaking: Is proposed SEC rule with no mention of crypto a threat to DeFi?
A 600-page document proposes changes to the definition of an exchange that could extend to include DeFi protocols.
Jack Dorsey on UBI: Bitcoin encourages transparency, long-term thinking
Dorsey's Start Small initiative has invested over $55 million across the United States and overseas to experiment on universal basic income.
America COMPETES Act passes House without ‘disastrous’ provision on crypto
A provision originally included in the bill had critics saying the Treasury Secretary would not have had limits on surveilling crypto firms suspected of illicit transactions, nor open the matter…
US lawmakers issue warnings about digital yuan as Winter Olympics kicks off
"Do not accept any digital yuan," said Minnesota Representative Tom Emmer in a tweet aimed at Team USA athletes competing in China.
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