Cryptocurrency

Capitol Hill Presses Crypto Exchanges Post-FTX Bankruptcy

Lawmakers launch probes into financial details of cryptocurrency exchanges as federal regulators stay quiet on FTX investigations.

Compliance First, Penalty Second as Feds Implement Crypto Regulations

Officials within federal law enforcement described the critical role private sector communication will play in developing digital asset regulatory guidance.

Lawmakers Question Revolving Door Between Government and Crypto Industry

A group of Democratic lawmakers issued letters to several financial regulatory agencies in a bid to examine the growing trend of former public servants working for digital asset companies.

Many Digital Assets are ‘Rife With Risks,’ Fed Official Warns

The Federal Reserve underscored the volatility that comes with digital currencies while speaking to the agency’s other modernization efforts.

Treasury Fines Crypto Mixer on Money Laundering

The Financial Crimes Enforcement Network imposed over $29 million in fines for Bank Secrecy Act violations.

Cryptocurrencies 'Could Pose Risks' to Stability of US Economy, Treasury Warns

The Department of Treasury’s Financial Stability Oversight Council delivered research on cryptocurrency regulation recommendations, noting the importance of legislative participation.

Justice Officials Release Framework for Policing Crime in Crypto Space

Complimenting the new national digital asset framework, law enforcement is planning similar steps to combat crime in the crypto marketplace. 

White House Releases Holistic Digital Asset Regulatory Framework

Several agencies contributed to the new framework, as the Biden administration eyes a streamlined approach to regulating and benefitting from the volatile digital asset marketplace.

House Lawmaker Asks 9 Entities to Illuminate Crypto’s Security Concerns

Rep. Raja Krishnamoorthi issued nine letters to regulatory agencies and crypto trading platforms alike asking for future plans, emphasizing consumer protections.

IRS Executes Summons for Financial Records of Crypto Transactions

The federal regulatory agency is asking for details from trading platform sFOX on users who engaged in at least $20,000 worth of transactions. 

Crypto Mining's Energy Consumption Draws Additional Concern from Lawmakers

Leadership on the Energy & Commerce Committee sent four letters to crypto mining platforms about the potentially “severe” impacts of generating the digital currencies.

Banks' Ability to Conduct Cryptocurrency Transactions Comes Under Senators' Fire

Letters issued by the Department of Treasury’s Office of the Comptroller of the Currency allow banks to engage in digital currency transactions that are considered financially sound.

Treasury Sanctions Cryptocurrency Mixer

The online digital money platform has proven to act as a haven for cyber criminals looking to launder illegal cryptocurrencies.

Bipartisan Senators Want Commodity Regulations For Crypto

A new bill would task the Commodity Futures Trading Commission with imposing more consumer protections and other oversight regulations on digital asset trading.

Warren Set to Introduce New Bill Targeting Crypto Scams

The Democratic senator said she will unveil new legislation to better regulate cryptocurrency investment from larger firms “vampire sucking” money from smaller entities.

Prolific Crypto Market Demands Regulation, Investor Education, Experts Say

Financial regulation experts tell Congress a lack of regulation on digital currencies and lending exacerbates lack of consumer education.