Key Takeaways Leading crypto exchange Gemini, is urging the U.S. Commodity Futures Trading Commission (CFTC) to reconsider its proposed regulation that would ban all event contracts on decentralized prediction markets. The proposal, which was voted on by the CFTC in…
Key Takeaways The United States is exploring a new financial frontier with a proposal from the USABTC policy group to establish a Digital Economic Zone (DEZ) aimed at integrating Bitcoin into the American financial system. The initiative advocates for a…
Key Takeaways North Carolina Governor Roy Cooper has vetoed House Bill 690, which aimed to ban the state from implementing a Federal Reserve-issued central bank digital currency (CBDC). The veto comes despite overwhelming support for the bill in both the…
Key Takeaways The German and United States governments have drawn significant attention after making substantial cryptocurrency transfers. On July 1, the German government moved 1,500 Bitcoin, worth roughly $95 million, to multiple crypto exchanges. Simultaneously, the U.S. government transferred 3,375…
Key Takeaways North Carolina’s General Assembly passed House Bill 690 on Wednesday, imposing restrictions on the state’s government from using or accepting a Federal Reserve-issued central bank digital currency (CBDC). The bill now awaits approval from Governor Roy Cooper. The…
Key Takeaways President Joe Biden has vetoed a congressional resolution that aimed to overturn the SEC’s Staff Accounting Bulletin No. 121 (SAB 121). SAB 121 requires publicly traded companies, including banks, to record crypto assets as both assets and liabilities…
Key Takeaways On May 23, the U.S. House of Representatives passed the CBDC Anti-Surveillance State Act with a largely partisan vote of 216 to 192. The bill, introduced by House Majority Whip Tom Emmer (R-Minn.), aims to block the Federal…
Key Takeaways Members of the United States Congress have expressed their dissatisfaction with the Securities and Exchange Commission’s (SEC) response to inquiries about the classification of Ethereum (ETH) and controversial crypto firm Prometheum’s intention to custody ETH. They have set…
Key Takeaways In a significant development, Congressman Drew Ferguson and Wiley Nickel introduced the Providing Tax Clarity for Digital Assets Act to the U.S. House of Representatives on April 30. The bipartisan effort seeks to establish clear guidelines regarding the…
Key Takeaways Crypto advocate and lawyer John Deaton has extended support to Coinbase customers amidst the exchange’s legal tussle with the U.S. Securities and Exchange Commission (SEC). Deaton, known for championing cryptocurrencies, has filed a request to serve as amici…
