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Senior U.S. House Republican Says CBDCs Could Be ‘Weaponized’ as Political Tool

9.3.2023
One of the top Republican lawmakers, Rep. Tom Emmer (R-Minn.), is campaigning to stop what he argues is the intent of President Joe Biden’s administration to set up a digital dollar that could be deployed to collect information about citizens’ financial lives

New York Attorney General Sues Crypto Exchange KuCoin, Alleges Ether Is a Security

9.3.2023
The New York Attorney General's office sued Kucoin on Thursday, alleging it offered unregistered securities and commodities

Expert Warns of Possible Deflationary Depression as Money Supply Contracts: ‘Pay Attention to QT and the Money Supply’

9.3.2023
During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same financial institutions are seemingly engaging in quantitative tightening (QT) practices. According to Nick Gerli, CEO and founder of Reventure Consulting, “the...

US Fed Standing Up New Squad of Crypto Specialists, Says Supervision Chief Barr

9.3.2023
The U.S. Federal Reserve is putting together a “specialized team of experts” to enhance its supervision of the crypto sector, said Michael Barr, the central bank’s vice chairman for supervision

SWIFT to Start Phase Two Pilot After Finding 'Value' in CBDC

9.3.2023
The banking network will now look at applications like securities settlement and trade finance

India's Crypto Regulation Now Has Teeth, Experts Say

9.3.2023
Bringing crypto companies into the purview of anti-money laundering rules imposes obligations and exposes them to fines for breaches

FTX Proposes $4M Bonus Program as It Seeks to Retain Staff

9.3.2023
The bankrupt crypto exchange wants to offer supplements up to 94% of salary to avoid sought-after coders quitting

Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole

9.3.2023
U.S. President Joe Biden's proposed budget will include a provision to close tax loss harvesting on crypto transactions

Crypto Sector’s Reserve Reports Can’t Be Trusted, Says U.S. Audit Watchdog

9.3.2023
Proof-of-reserve reports routinely touted by crypto firms to assure customers that their financial transactions are in secure hands shouldn’t be trusted, according to the U.S. organization that oversees auditing standards

Airbit Club Founders, Lawyer Plead Guilty to $100M Fraud Scheme

8.3.2023
The scheme's founders and promoters promised victims their money would be invested in a lucrative mining operation, but instead spent funds on cars, jewelry and luxury homes

Crypto Bank Silvergate Announces 'Voluntary Liquidation'

8.3.2023
The Federal Deposit Insurance Corporation has taken over Silvergate Bank, which saw prominent customers abandon it and its stock price plunge after revealing it faced regulatory scrutiny and had to sell assets to pay off loans

Grayscale Chief Legal Officer: A Spot Bitcoin ETF Will Protect U.S. Investors, Consumers

8.3.2023
Craig Salm discusses what scenario is likely to play out for the firm’s ongoing bid to gain approval for its spot Bitcoin ETF following Tuesday’s appeals court hearing

CFTC continues to explore digital asset policy considerations in MRAC meeting

8.3.2023
Commissioner Kristin Johnson said in prepared remarks that the U.S. digital economy was "witnessing the deployment of Web 3.0"

UK’s FCA Can’t Protect Crypto Investors From Losses, Says Agency’s CEO

8.3.2023
Nikhil Rathi made the remarks in testimony in front of the Treasury Select Committee on Wednesday

India-Russia Oil Deals Chip Away at Dollar Dominance in International Trade

8.3.2023
On Wednesday, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades-old dominance of international oil trade. The oil deals between India and Russia have been settled in other currencies, putting the U.S....