Latest from Jesse Hamilton
Key US Lawmaker Says Talks Continue Over ‘Ugly Baby’ Bill to Oversee Stablecoins
After months negotiating legislation to establish U.S. oversight, Rep. Patrick McHenry signals the challenges ahead for the effort next year.

Ooki DAO Case So ‘Egregious,’ CFTC Had No Choice, Chair Behnam Says
"Don't expect this to be a free pass," he said of using a DAO to evade U.S. laws.

US CFTC as Crypto’s Regulatory Savior? Crypto Firms Might Not Like What They Get
The Securities and Exchange Commission is treated as a villain in crypto, but the view of the Commodity Futures Trading Commission as a government ally may not survive the honeymoon, insiders suggest

NFT Firm Seeks US Election Commission’s Approval to Market Campaign Souvenirs
Data Vault Holdings is seeking to market digital tokens to political committees.

US Risk Watchdog Asks Congress to Name Crypto Spot Market Regulator
The Treasury-led Financial Stability Oversight Council has responded to President Joe Biden’s executive order with calls for greater regulatory reach into markets, crypto firms’ affiliates and outside service providers.

California Moves Forward to Allow Vital Records to be Issued on Blockchain
Governor Gavin Newsom signed a law this week that establishes a blockchain option for delivering individuals’ records, such as birth and marriage certificates

Texas Objects to Celsius Plan to Fund Operations With Stablecoin Sales
Celsius had asked for permission to sell millions in stablecoins to fund itself, but Texas is arguing the bankruptcy court should reject the request.

California, New York Join Several States Ordering Crypto Lender Nexo to Halt Yield Product
Seven states have ordered a halt to Nexo’s “Earn Interest Product” accounts, accusing the company of improperly offering unregistered securities.

Push to Enhance CFTC’s Crypto Watchdog Role Gets a Boost in US Congress
Rep. Sean Patrick Maloney, a Democrat in the House Agriculture Committee, introduced a bill to match the Senate’s earlier Stabenow-Boozman legislation

Binance Hires Big-Name Former Government Officials to Set Up Advisory Board
The exchange adds ex-French Treasury head Bruno Bézard, Barack Obama’s former political guru David Plouffe and several others to global group of advisers

