Congress

The Crypto Industry Needs to Fix Itself Before It Can Progress
It's fair to blame regulatory agencies and Congress for failure to properly oversee crypto. But the industry also needs to look to its own failings, says William Mougayar.

Former CFTC Chair Giancarlo: A Privacy-Protecting U.S. CBDC Could ‘Take Over the World’
Mass adoption depends on a digital dollar designed to be free of surveillance tools, the Digital Dollar Project co-founder said.

Senator Cynthia 'Crypto Queen' Lummis: Lack of Laws Pushing Industry Overseas
The senator from Wyoming – a speaker at CoinDesk's Consensus festival – on crypto's prospects in Washington, D.C.

U.S. Lawmakers Digging Through Crypto Legislation for Bipartisan Winners: Senator
Ideas have been gathered from the Senate and House, and lawmakers are trying to figure out what can get bipartisan support, said Senate Banking Committee member Thom Tillis.

President Biden Calls for Stronger Bank Regulations in Wake of SVB, Signature Bank Collapses
The government on Sunday evening stepped in to guarantee no losses will be borne by the lenders' depositors.

How U.S. Judges Might Save Crypto From the SEC
Separation-of-powers offers hope to an industry under attack from unchecked executive power, says Michael Casey, CoinDesk's chief content officer.

Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole
The U.S. President is expected to unveil his budget proposal on Thursday.

Bitcoin Climbs Above $22K as Powell Softens Tone on Day 2 of Congressional Testimony
The Fed chair said no decision has yet been made on the size of the coming March rate hike.

Bitcoin Touches 3-Week Low as Market Sees Federal Reserve Lifting Rates to 5.65%
Bitcoin fell to a three-week low earlier Wednesday, as U.S. Federal Reserve Chairman Jerome Powell's hawkish testimony to Congress spurred traders to price in a higher "terminal rate." The Digital Economy Initiative Advisory Council Member Martha Reyes discusses the impact of the central bank leader's speech on digital assets and the outlook on the dragging battle against inflation.

What Powell's Latest Testimony Means For Bitcoin
U.S. Federal Reserve chair Jerome Powell presented the agency's semi-annual monetary policy report before Congress Tuesday, warnings that banks should be "quite cautious" about getting involved in digital assets. AdvisorShares CEO Noah Hamman discusses what this means for bitcoin (BTC) and why the cryptocurrency's fundamentals are strengthening despite all the crypto contagion concerns in the last few months. Plus, insights into AdvisorShares' Managed Bitcoin Strategy ETF (CYRP).

