Congress
U.S. SEC's Knock From Congressional Watchdog May Not Budge Crypto Accounting Policy
Even if the agency is forced by the GAO finding to submit its Staff Accounting Bulletin 121 to Congress for review, lawmakers probably won't strangle the policy, according to experts.
Prediction Market Kalshi Sues U.S. CFTC for Denying Its Contracts for Congressional Elections
The CFTC denied a valid hedging option when it rebuffed a plan to offer event contracts for traders to bet on political outcomes, the company said.
U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin: GAO
The Staff Accounting Bulletin 121 said customers' crypto assets in banks should be held on the banks' own balance sheets. That should have been a rule, not guidance, the GAO says, but the SEC says the policy remains unchanged in the meantime.
Coinbase-Backed Advocacy Group Enlists Crypto Masses, Raises $2M From 80,000
Stand With Crypto, the campaign that's meant to bombard lawmakers with crypto supporters in their own backyards, says it's off to a fast start (with a lot of help from Coinbase).
Crypto Miners Lobby U.S. Lawmakers to Counter Environmental 'Misunderstanding'
Dozens of mining firms came to Washington to steer the policy narrative away from negative environmental claims and make a case for mining as an economic and security boon.
The Congressional Keynote: Sens. Lummis, Gillibrand Discuss Crypto Regulation
U.S. Senators Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-W.Y.) join CoinDesk's State of Crypto 2023 event in Washington, D.C. to discuss crypto legislation in Congress and the outlook for regulatory clarity in the digital assets space.
Media Reported Hamas Got Millions Via Crypto, but the Data Provider They Cited Says It Was Misconstrued
The funding revelation caused an uproar in Washington. But there's no evidence for anything beyond "tiny" amounts of digital assets landing in terrorists' hands, the data firm Elliptic now says.
U.S. Regulators 'Owe the Marketplace Some Greater Clarity,' Former CFTC Commissioner Says
Former CFTC Commissioner Dawn Stump discusses the urgency for regulatory clarity in the crypto space and the responsibility of Congress when it comes to appointing a supervisor for the industry. "I do very much believe that Congress is going to have to authorize...one of the regulatory agencies to oversee and regulate the day-to-day spot market in the crypto community," Stump said. "The regulators themselves owe the marketplace some greater clarity."
U.S. Sen. Warren Leads Lawmakers to Push Administration on Crypto-Backed Terrorism
In a letter to top U.S. security officials, 102 lawmakers demanded to know what the Treasury Department and others are doing to prevent the use of crypto to finance terrorism.
Why Congress Will Be the Dollar’s Downfall
Congressional inaction is likely to cause de-dollarization as the country’s foes — and friends — move even faster to get off the U.S. dollar. Americans deserve to know what’s at risk so we can vote accordingly, and get the economy we deserve.
