What the Gensler hearing means for US crypto regulation and policy
Gensler was reluctant to go into details and faced symbolical pressure rather than genuine attempts to interrogate, leaving the crypto industry without any new clarity.
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FDIC pins Signature Bank’s failure on poor governance and illiquidity
FDIC blamed SBNY’s board of directors and management for pursuing “unrestrained growth” using uninsured deposits without implementing liquidity risk management strategies.
Tax law researchers propose IRS framework for deducting crypto losses
A recently published study appears to advocate for the isolation of crypto assets from other tax deductions, where losses are concerned.
California approves blockchain-based digital wallet for gov’t services
Santa Cruz voted to approve the use of a blockchain-based digital wallet for government services and official documentation and is set to begin a pilot program in July 2023.
Utah DAO Act: How the law was made and what it means for decentralized business
How the Utah DAO Act went from an idea to a piece of legislation — and the challenges along the way.
Bitcoin Bull Chamath Palihapitiya Claims Crypto Is Dead in America
Host of the popular podcast “All In” and seasoned venture capitalist Chamath Palihapitiya has been a long-time believer in fledgling companies and causes. During his career, Palihapitiya has invested in…
EU data watchdog warns of ‘hell on Earth’ scenario for US AI companies
Europe's Data Protection Supervisor predicts trouble abroad and at home for U.S. AI companies that run afoul of GDPR.
5 charged by DOJ over alleged crypto price manipulation scheme
Five people have been charged in relation to alleged market manipulation of an Ethereum-based token called “Hydro.”
Judge approves taps on SBF’s parents’ phones to meet bail conditions
Surveillance software installed on Sam Bankman-Fried’s parents’ phones will track every minute of their activity across browsers, messaging and calls.
Draft bill suggests separating legislation on payment stablecoins and digital asset markets
The draft bill no longer included aspects of an earlier version that included legislation of custodial service providers and algorithmic stablecoins, as well as a CBDC study.
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