Regulations
Wall Street Says a Fed Digital Dollar Spells Destruction for Banks
The U.S. Federal Reserve is considering whether to launch a CBDC like other nations, and bankers argue that’s a dangerous idea.
Regulators Are Paying Attention to UST
The collapse of terraUSD (UST) is algorithmic stablecoins’ Libra moment.
Crypto Should Meet Same Norms as Regular Finance, G7 Says
Finance ministers want to see financial stability and money-laundering standards in effect soon, citing recent market turmoil.
UK Regulator to Consider Terra Coins’ Collapse in New Crypto Rules: Report
Market instability in stablecoins will need to be taken into account, the FCA's executive director for markets said.
US Treasury Official Warns Crypto Industry to Proactively Sanction 'Problematic' Wallets
FinCEN Associate Director Alessio Evangelista said crypto service providers shouldn't wait for the government to designate a wallet if it's being used for illicit activity.
G-7 Finance Ministers Call to Accelerate Global Crypto Regulations Following UST Collapse: Report
G-7 officials meeting in Germany want the Financial Stability Board to act more quickly, says a Reuters report.
Fed Vice Chair Pick and Ex-Ripple Adviser Tells Senators Crypto Needs Regulation
Former U.S. Treasury official Michael Barr fielded questions about crypto during his Senate nomination hearing.
How Do You Tax an NFT?
Plans to share bitcoin data with foreign tax authorities may be hard to adapt to transparent, decentralized blockchains – but once in place, new rules are hard to shift.
US Appeals Court Orders SEC to Bring Enforcement Actions to Jury Trials
The 5th Circuit Court of Appeals found that the targets of SEC enforcement actions had their constitutional rights violated by the use of in-house judges.
Biden Administration Wants Crypto Exchanges to Separate Customer and Corporate Funds
Federal officials saw Coinbase’s admission about customers’ vulnerability in a bankruptcy and will call for congressional action to segregate clients’ funds, source says.
