Congress
Federal Reserve Chairman Powell Sees Rate Hike This Month as 'Appropriate'
Most observers believe a quarter of a percentage point increase is likely.
What to Expect at President Biden’s State of the Union Address Tonight
President Joe Biden is expected to deliver the State of the Union address later this evening, CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De shares what to expect from Biden's remarks on inflation and other economic issues. Plus, a look into how the U.S. will respond to the Russia-Ukraine crisis and an update on the status of Elon Musk’s promised Starlink terminals for Ukraine.
Former CFTC Chairman: Crypto Regulation, Market Manipulation and More
Chris Giancarlo, Willkie Farr & Gallagher senior counsel and former CFTC chairman, joins “First Mover” to discuss the crypto regulation landscape in the United States, looking specifically at the the CFTC chair Rostin Behnam’s request to Congress asking for additional funding to oversee the crypto spot markets.
A Healthy US Bitcoin Mining Industry Could Generate Significant Tax Revenue
Tax revenue inflows from bitcoin mining companies could represent a meaningful windfall for the United States government. This piece is part of CoinDesk’s Tax Week.
Brazilian Senate Committee Approves Bill Regulating Crypto Transactions
The project, introduced by Senator Flávio Arns, has to be voted on by the Senate plenary and then, if approved, by the Brazilian Chamber of Deputies.
Bipartisan Senate Proposal Raises Alarm Over El Salvador's Bitcoin Adoption
The legislation quickly drew a sharp rebuke from El Salvador President Nayib Bukele.
US Bill Seeks to Protect Unhosted Crypto Wallets From Regulators
Rep. Warren Davidson (R-OH), a member of the Blockchain Caucus, introduced the bill on Tuesday.
CFTC Chair Urges Key Role for His Agency in Overseeing Crypto Spot Markets
Rostin Behnam, chairman of the Commodity Futures Trading Commission (CFTC), told the Senate Agriculture Committee Wednesday he believes his agency is best placed to monitor crypto spot markets trading, reiterating a stance he first took in October. He also asked Congress for an additional $100 million so the agency can properly oversee crypto markets. CoinDesk's Nikhilesh De discusses the latest in an ongoing crypto regulation turf war.
CFTC Chair Urges Leading Role in Overseeing Crypto Spot Markets
Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam appealed to Congress Wednesday requesting his agency be granted authority to oversee crypto spot markets in the U.S. Digital Asset Research CEO Doug Schwenk discusses the potential benefits of increased regulation, also sharing insights into price discovery in the bitcoin spot markets. Plus, thoughts on the SEC requesting comments from asset managers pending spot bitcoin ETF approvals about possible market manipulation.
CFTC Should Oversee Crypto Spot Markets, Chief Reiterates Before Congress
CFTC Chair Rostin Behnam also asked Congress to provide his agency with an additional $100 million so it can properly oversee crypto markets.
