Key Takeaways A federal judge in Illinois has agreed to halt proceedings in a lawsuit against crypto exchange giant Coinbase that centres on alleged violations of the state’s biometric privacy law. The decision allows the case to remain on hold…
Key Takeaways In a significant development, the Federal Reserve said it will discontinue a supervisory programme introduced in 2023 to oversee banks engaged in activities linked to crypto assets and distributed ledger technology. In a notice released on Friday, the…
Key Takeaways The White House has once again delayed the confirmation process of Brian Quintenz, President Donald Trump’s nominee to lead the Commodity Futures Trading Commission (CFTC), halting a scheduled Senate Agriculture Committee vote for the second time in a…
Key Takeaways Five U.S. Senate Democrats have opened a probe into Federal Housing Finance Agency (FHFA) Director William Pulte’s plan to allow government-backed mortgage purchasers to count crypto as an asset when assessing mortgage risk. In June, Pulte had directed…
Key Takeaways Four Republican senators on the U.S. Senate Banking Committee released a discussion draft on Tuesday outlining a proposed regulatory framework for digital assets. The draft legislation builds upon the Digital Asset Market Clarity (CLARITY) Act, which passed the…
Key Takeaways The United States Secret Service has quietly built one of the largest government-controlled cryptocurrency holdings in the world, recovering nearly $400 million in digital assets over the last ten years. The funds—largely stored in a single cold wallet—are…
Key Takeaways Federal prosecutors have asked a judge to delay proceedings in the criminal case against Michelle Bond, citing ongoing discussions that could resolve the matter without going to trial. In a court filing submitted Thursday to the U.S. District…
Key Takeaways Senator Adam Schiff introduced new legislation Monday aimed at preventing U.S. presidents and other top federal officials from leveraging their positions for personal gain through digital asset ventures. The bill, dubbed the Curbing Officials’ Income and Nondisclosure (COIN)…
Key Takeaways In a historic move, the United States Federal Reserve has formally announced it will no longer use “reputational risk” as a factor in evaluating the conduct and supervision of banks under its jurisdiction. The decision is expected to…
Key Takeaways Spokane, Washington, has enacted a citywide ban on cryptocurrency ATMs, becoming the first jurisdiction in the state to do so. The decision follows a unanimous vote by the Spokane City Council on Monday, citing an alarming rise in…
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