Emerging Tech

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. 

Digital Government

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.

Cybersecurity

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.

Digital Government

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. 

Emerging Tech

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.

Policy

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.

Emerging Tech

Treasury Sanctions Cryptocurrency Mixer

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

Policy

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.

Policy

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.

Emerging Tech

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.

Emerging Tech

Cryptocurrency Founder Convicted of Defrauding Investors of More Than $6 Million

My Big Coin founder Randall Crater was convicted of charges related to fraud and misleading investors over the value of his cryptocurrency.

Policy

Lawmakers Ask Energy, EPA to Investigate Cryptomining’s Environmental Impact

As Congress looks to regulate the industry, cryptomining companies say renewable energy is already in play. 

Emerging Tech

Treasury’s Cryptocurrency Framework Emphasizes Consumer Protection, International Collaboration

The Treasury Department’s first digital asset guidance is the latest chapter in applying federal regulation to the digital asset market.

Policy

Treasury Defines Key Terms Under Executive Order on Cryptocurrencies

The department wants feedback for implementing the order to “ensure responsible development of digital assets.”

Cybersecurity

Justice Pursues Collaboration to Fight Cyber Crime with EU Member States

Under an executive order on the responsible development of digital assets, the department recently recommended the U.S. deepen its investment in international organizations to counter ransomware and other illicit activity.

Cybersecurity

White House Official: Administration Urgently Researching Central Bank Digital Currency

As due dates near for agency deliverables under an executive order, the Atlantic Council has produced a report that could help officials inform the president of implications for cybersecurity.

Digital Government

Oversight Report Says U.S. Marshals Need More Effective Cataloging for Seized Crypto

A new audit from the Office of the Inspector General reveals the U.S. Marshals Service could improve its seized crypto management with new procedures and policies.

Emerging Tech

Crypto Industry Insiders Support Better Public-Private Collabs To Prevent Major Ransomware Attacks

A panel of leaders in the digital asset industry discussed helpful legal frameworks to prevent illegal crypto financing while supporting market activity. 

Emerging Tech

GSA Auctions Another Series of Crypto, Valued at $268K

The General Services Administration is auctioning off several lots of cryptocurrencies as the federal government looks to wade into the volatile asset class.