Regulation

Regulation

News Analysis

In Clarity Act's final weeks, its path through U.S. Senate not getting much clearer

Tough negotiations linger in several difficult arenas, but crypto's Washington lobbyists are flying in allies this week and still hoping for a July vote.

U.S. Congress (Jesse Hamilton/CoinDesk)

Policy

Ripple targets EU, wins preliminary MiCA approval from Luxembourg financial regulator

The license will enable Ripple to offer its stablecoin payment systems to European companies and expand into broader crypto functions.

Brad Garlinghouse at DC Fintech Week (Jesse Hamilton/CoinDesk)

Policy

U.S. Senate passes housing bill that carries four-year ban on a Fed CBDC

The idea of a U.S. central bank digital currency — though little more than a research topic at the Federal Reserve — may be getting formally blocked.

U.S. Capitol Building (Jesse Hamilton/CoinDesk)

Policy

Crypto's second U.S. lobbying front — tax policy — sees industry push on mining, staking

The crypto sector's leading U.S. advocacy groups asked the U.S. House's tax committee to advance a bill to clarify treatment of assets from mining and staking.

Representative Mike Carey, an Ohio Republican (The Washington Post)

Policy

U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act pitch

The Federal Reserve, Treasury and other regulators have issued a proposed rule that would set identification standards, and it's now open for public comments.

U.S. Federal Reserve Board in Washington (Jesse Hamilton/CoinDesk)

Finance

BitGo offers Europe’s crypto firms a MiCA-compliance lifeline as license deadline looms

BaFin-regulated BitGo says its Crypto-as-a-Service platform can help eligible crypto players across Europe with an alternative way to navigate MiCA.

CEO of BitGo Mike Belshe in a chair on-stage at Consensus 2023 (Shutterstock/CoinDesk)

Policy

Crypto PAC's $12 million Senate candidate, Barry Moore, wins Alabama GOP primary

The Trump loyalist drew more crypto dollars than any candidate so far in this year's midterms, and the result marks a big win for the industry's political arm.

Alabama Senate candidate Barry Moore (Alex Wong/Getty Images)

Policy

U.S. senators urge Treasury not to leave states out of GENIUS Act stablecoin process

Senators led by Republican Cynthia Lummis are insisting the Treasury Department ensure states get a process to prove their ability to supervise stablecoins.

U.S. Senator Cynthia Lummis (Jesse Hamilton/CoinDesk)

News Analysis

SEC's big swing to clear tokenization path isn't likely to get resilience of full rule

Former SEC lawyers say that using its power to grant tokenization "innovation" efforts an exemption from securities law isn't as strong as a full-fledged rule.

U.S. Securities and Exchange Commission Chairman Paul Atkins (Jesse Hamilton/CoinDesk)

Policy

U.S. House bill would erect crypto-theft task force across law enforcement agencies

New legislation from a bipartisan duo would set up a multi-agency group under the U.S. attorney general to take a lead on cryptocurrency theft cases.

Representative Lance Gooden, a Texas Republican (Anna Moneymaker/Getty Images)