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The Blockchain Association has filed an amicus brief in an ongoing lawsuit by the think tank Coin Center against the Treasury Department and its sanctions watchdog, the Office of Foreign Asset Control (OFAC). In the suit, filed last October, Coin Center has alleged that OFAC's sweeping sanctions against crypto mixer Tornado Cash harmed Americans and their ability to transact privately using the Ethereum network. Blockchain Association CEO Kristin Smith discusses the move and the state of U.S. crypto regulation. "OFAC can use more targeted sanctions against specific persons... [and] wallets, without sacrificing an entire class of technology," Smith said.

Jun 5, 2023

CoinDesk's 'Consensus @ Consensus' report collates insights from diverse stakeholders, tackling crucial issues from regulation to environmental concerns that shape the crypto world. As Michael J. Casey, CoinDesk's Chief Content Officer, puts it, the report provides an insight into "polemical issues that have been bothering the industry," and fosters dialogue among "investors, regulators, developers, entrepreneurs."

Jun 5, 2023

Leaders of the House Financial Services Committee and House Committee on Agriculture released a draft bill that aims at building a guideline for crypto exchanges to register with the SEC and operate within the United States. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down the draft legislation.

Jun 5, 2023

This week, from privacy to regulation to governance and self-custody, CoinDesk is exploring some of the biggest themes and challenges facing the crypto community based on conversations held at Consensus 2023. CoinDesk Chief Content Officer Michael J. Casey shares an overview of the 'Consensus @ Consensus' report and its key takeaways.

Jun 5, 2023

Bitcoin has slipped below the $27,000 level but a research report from JPMorgan (JPM) says retail demand for BTC is likely to remain strong over the coming year ahead of the next halving event in 2024. eToro Market Analyst Josh Gilbert joins "First Mover" to break down bitcoin's recent price action as the markets anticipate a pause in the Federal Reserve's rate hike cycle.

Jun 5, 2023

Binance’s market share has dropped to its lowest level in eight months, according to CCData. The exchange remains the largest cryptocurrency platform by trading volume, but it has seen its market share decline consecutively over the past three months after reaching a yearly high of 57% in February 2023. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Jun 2, 2023

Bitcoin (BTC) is experiencing selling pressure at the $28,000 price level, and miners may be responsible, crypto services provider Matrixport said in a new report. Miners are being forced to liquidate any new bitcoin mined as margins have narrowed in recent weeks, the report said. "The Hash" panel discusses the key takeaways and what it suggests about the state of bitcoin mining operations.

Jun 2, 2023

The Twitter account of Mira Murati, OpenAI's CTO, was hacked and briefly shilled a malicious ERC-20 token named OPENAI that reached an estimated 80,000 Twitter users before being removed. "The Hash" panel discusses the latest Crypto Twitter scam and the potential dangers of permissionless finance. 

Jun 2, 2023

The community governing MakerDAO, the decentralized autonomous organization (DAO) behind stablecoin DAI, has paved the way to purchase up to an additional $1.28 billion in U.S. government bonds via crypto asset manager BlockTower Capital. "The Hash" panel discusses the outlook for the Maker ecosystem.

Jun 2, 2023

As part of 'CoinDesk Turns 10,' a series looking back at crypto's biggest stories from the last decade, "The Hash" panel discusses the initial coin offering (ICO) boom, its success factors, and its ongoing impact.

Jun 2, 2023