crypto regulation

A sea of red across the global equities markets is impacting crypto prices as bitcoin, the world's largest cryptocurrency by market cap, slipped below $45,000 Monday. Robert Zagotta, CEO of Bitstamp USA, discusses why he sees the correction as purely short-term, adding "a lot of the volatility we're experiencing right now is expected." Plus, his take on bitcoin as a hedge against inflation, stablecoins, and the U.S. crypto regulatory landscape.

20 sept 2021

The Immigration and Customs Enforcement Department of the U.S. Department of Homeland Security has signed a deal with Coinbase to use its blockchain tracing software, Coinbase Analytics. The current deal value is $455,000 for one year, but it can go up to a total amount of $1.4 million through 2024, according to government tracker USAspending.gov. Meanwhile, Coinbase dropped the launch of its "Lend" program after a warning from the SEC. "The Hash" panel discusses the outlook for Coinbase amid being caught in regulatory crosshairs.

20 sept 2021

A New York Times article Sunday said U.S. regulators are concerned stablecoins could be a source of volatility and bring the dollar-pegged currencies under regulatory purview by declaring them as a risk to the financial system or treat them as securities, money market mutual funds, or as banks.

20 sept 2021

The U.S. government plans to issue guidance and impose sanctions to clamp down on ransomware attacks. The U.S. Treasury Department is expected to announce the actions this week, focusing on payments. "The Hash" hosts discuss the potential impact on the bitcoin narrative and the U.S. crypto regulatory landscape and what they're continuing to watch from Capitol Hill.

20 sept 2021

The Senate-approved infrastructure bill has been the subject of much debate in the crypto sphere, particularly in its ​expansive definition of “broker” as it relates to crypto transactions. But according to the Proof of Stake Alliance (POSA), another provision in the bill, tax code section 6050I, could require some peer-to-peer crypto transactions to be reported to the government. Unlike other tax code reporting violations, violations of this provision are felonies. "The Hash" team unpacks the latest on the infrastructure bill and its potential impact on the crypto industry.

20 sept 2021

The Biden administration is planning an array of actions to mitigate ransomware attacks, focusing on payments. This week, the U.S. Treasury Department plans to unveil sanctions and guidance to tackle cryptocurrency payments made to phone companies that have been victims of ransomware attacks. CoinDesk’s Nikhilesh De discusses what to expect.

20 sept 2021

A new report from the Proof-of-Stake Alliance (POSA) calls attention to a little-debated tax provision that would impose new surveillance and reporting requirements on peer-to-peer crypto transactions. Abraham Sutherland, an advisor at POSA and former deputy associate counsel during the George W. Bush administration, discusses the report's highlights, warning of the possible repercussions for the crypto industry if the provision were to be legally adopted.

20 sept 2021

Big Four consulting firm Ernst and Young will use Polygon's protocol and framework to deploy its own blockchain products, enabling a future transition to public networks that will be less risky and more efficient. Ernst and Young's Paul Brody discusses what this means for its business and clients. Plus, why he's "extremely positive" about the crypto industry's increased regulatory focus, the possible impact of Ethereum's London hard fork upgrade and more.

20 sept 2021

CoinDesk's markets reporter Damanick Dantes discusses his outlook for bitcoin and why he expects "more bullish sentiment" to return next week. He also discusses his take on the impact of U.S. and global lawmakers' growing regulatory scrutiny on the crypto markets and why this could contribute to increased volatility. Plus, CoinDesk's George Kaloudis on what he's monitoring next week, including price action and exchange outflows.

17 sept 2021

U.S. Treasury officials are developing a report on stablecoins and their potential risks to the financial system to present to the President’s Working Group for Financial Markets. This allegedly follows last week’s meeting with representatives from financial institutions to discuss stablecoin regulations and other crypto issues.

17 sept 2021