crypto regulation

Celsius is seeking to mingle its U.K. and U.S. entities as court filings allege the distinction between them was a “sham.” CoinDesk’s regulatory reporter Jack Schickler discusses the pressure faced by the bankrupt crypto lender in different jurisdictions.

May 2, 2023

Poloniex LLC, a U.S. entity previously affiliated with the Poloniex crypto exchange, will remit $7.59 million to settle sanctions violation allegations with the U.S. Treasury Department's Office of Foreign Asset Control (OFAC), the sanctions watchdog said Monday. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest in crypto regulation. 

May 2, 2023

By Michele MussoMay 1, 2023

Rep. Patrick McHenry (R–N.C.) said the U.S. House Financial Services Committee and House Agriculture Committee will put together legislation to oversee the crypto sector in the "next two months," during CoinDesk's Consensus 2023 event. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses his key takeaways and what to expect from U.S. lawmakers regarding crypto regulation this year.

May 1, 2023

Republicans on the House Financial Services Committee are taking another shot at stablecoin legislation with a discussion draft revealed Monday afternoon. Rep. Patrick McHenry (R-N.C.) joins "First Mover" to discuss his outlook for regulating stablecoins and the broader digital asset industry. Plus, his take on SEC Chair Gary Gensler's approach to consumer protection and the Europe's landmark Markets in Crypto Assets (MiCA) framework.

Apr 25, 2023

Rep. Warren Davidson (R-Ohio) wants to restructure the Securities and Exchange Commission and is calling for the removal of SEC Chair Gary Gensler. Earlier this week, Rep. Davidson pointed to "Chairman Gensler’s record of failures" as motivation for the change. The Congressman joins "First Mover" to discuss the state of U.S. crypto regulation and the global implications for the European Parliament's landmark Markets in Crypto Assets (MiCA) framework.

Apr 21, 2023

The House Financial Services Committee held its first hearing on stablecoins in 2023 on Wednesday in connection with a discussion draft bill created by Reps. Maxine Waters (D-Calif.) and Patrick McHenry (R-N.C.) last year and that was published over the past weekend. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De explains why some key Democrats are bringing into question the chances for U.S. stablecoin legislation that the crypto industry has been relying on as the first real oversight effort from Congress.

Apr 20, 2023

Lawmakers in the European Union on Thursday voted 517-38 in favor of a new crypto licensing regime, MiCA, with 18 abstentions, making it the first major jurisdiction in the world to introduce a comprehensive crypto law. Bitstamp Chief Operating Officer John Ehlers and CoinDesk Regulatory Reporter Jack Schickler weigh in on the latest developments.

Apr 20, 2023

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler refused to say whether ether (ETH), the second-largest cryptocurrency by market cap, was a security during a nearly five-hour hearing Tuesday before the House Financial Services Committee. Howard Fischer, Moses Singer partner and former SEC senior trial counsel, along with Joshua Ashley Klayman, Linklaters U.S. head of fintech and head of blockchain and digital assets, discuss their takeaways from the hearing.

Apr 19, 2023

Policy

The high court's "major questions doctrine" could be used to limit the regulator's actions against crypto, said Jason Gottlieb, a partner at Morrison Cohen LLP.

By Fran VelasquezApr 18, 2023