Regulations
Biden Administration to Congress: Put Stablecoins Under Federal Supervision – Or We Will
If U.S. lawmakers don’t act, regulators have the authority to take their own measures, according to the long-awaited report from the President’s Working Group on Financial Markets.
![LEGISLATE, PLEASE: “The current regulatory framework isn’t set up to address some of the new kinds of risks that [stablecoins] could pose,” says Treasury Under Secretary Nellie Liang. (Andrew Harrer/Bloomberg via Getty Images)](https://cryptonewz.pages.dev/crypto-news-coindesk.com/_next/image?url=https%3a%2f%2fcdn.sanity.io%2fimages%2fs3y3vcno%2fproduction%2fa8c4cb4f621ed865d50afefce21ce3dbbf009d39-3000x1999.jpg%3fauto%3dformat&w=1080&q=75)
Biden’s ‘Build Back Better’ Act Would Close Crypto Tax Loophole
The provision adds cryptocurrency transactions to constructive sale rules under the tax code.
CFTC Should Be Crypto’s ‘Primary Cop,’ Acting Chairman Says
Rostin Behnam points to enforcement actions the agency has already taken.
Everyone Wants Crypto Regulations – On Their Terms
The industry is speaking, but lawmakers may not be listening.
SEC Approves Bitcoin Futures ETF, Opening Crypto to Wider Investor Base
ProShares is set to launch trading of its bitcoin futures ETF next week.
Bitcoin Climbs Above $60K After Report That SEC Won’t Block Futures ETF
The key cryptocurrency’s price touched $60,300 Friday.
Coinbase Proposes US Create New Regulator to Oversee Crypto
The Digital Asset Policy Proposal suggests Congress pass legislation to define how digital assets are overseen.
Bitwise Files for Physically Backed Bitcoin ETF With NYSE Arca
“The market has matured,” Bitwise CIO Matt Hougan said on Twitter.
Global Finance Watchdog Says $133B Stablecoin Sector Remains Niche
The Financial Stability Board, a G20 entity that provides recommendations for the global financial system, found stablecoins are not being used at any significant scale for payments at present.
Biden Wants to Know More About Crypto
The Biden administration’s approach to crypto continues to take shape, and it still doesn’t look like any sort of outright ban is on the table.
