Critics claimed the Biden administration's reports focused on environmental concerns over crypto's energy consumption and illicit uses rather than the technology's benefits.
Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
White House publishes ‘first-ever’ comprehensive framework for crypto
The fact sheet sums up the efforts of nine federal agencies’ research over the past six months.
Possession of Bitcoin still legal in China despite the ban, lawyer says
Crypto holders in China are protected by the law in case of theft, misappropriation or breach of a loan agreement despite the ban on crypto.
Ethereum may now be more vulnerable to censorship — Blockchain analyst
With Ethereum validators being required to stake 32 ETH, Ethereum could become more centralized and susceptible to censorship from governments.
Ether staking could trigger securities laws — Gensler
Though he did not specify any particular crypto, SEC chair Gary Gensler said proof-of-stake cryptocurrencies could be subject to securities laws.
US Treasury sanctions 5 crypto addresses connected to Russian neo-Nazi paramilitary group
According to the Treasury Department, members of the sanctioned group fought alongside Russia’s military, including near territory Ukrainian forces reclaimed on Monday.
Industry reps suggest improvements to Stabenow-Boozman crypto regulation bill
The crypto spokespeople testified before the Senate Agriculture Committee on Thursday with analyses of the bill’s strengths and recommendations for its weaknesses.
Singapore's financial authority grants license to SBI's digital asset arm
The firm planned to launch a digital asset securities platform in Singapore, as well as provide custody, capital markets products, and corporate finance advisory services.
South Korean prosecutors apply to revoke Do Kwon and other Terra employees' passports
Singapore, where Terra co-founder Do Kwon is currently staying, does not have an extradition treaty with South Korea.
Merge is 'a step in the right direction' to address crypto's energy usage — Rostin Behnam
The CFTC chair said that the Ethereum blockchain’s transition to proof-of-stake, despite reducing energy usage by more than 99%, may not go far enough in resolving the problem.
Crypto bill needs clarification on 'digital commodity' — Sheila Warren
CCI CEO Sheila Warren said that there was “a very tight window” to pass the crypto bill given the possible change in leadership following the 2022 Midterm Elections.
Powers On… Insider trading with crypto is targeted — Finally! Part 2
"Frankly, it’s about time that the SEC and U.S. attorney’s offices focused on real crimes and fraud."
Crypto for foreign trade: What do we know about Iran’s new strategy
Iran has decided to legalize the use of crypto in cross-border payments, which could impact how some countries view crypto.
Thai SEC intends to ban crypto lending in the country
The Securities and Exchange Commission of Thailand is preparing to take radical measures in the aftermath of the summer’s crypto lending platforms’ crashes.
Celsius bankruptcy judge gives the nod for independent examiner probe
Following a motion in August, U.S. Bankruptcy Judge Martin Glenn has signed off on a request to appoint an examiner in the Celsius case.
Coinbase to educate users on policies held by local politicians with new app integration
Verified Coinbase app users will be able to see where members of congress stand on crypto policies.
SEC chair Gensler holds tight to his crypto position in preview of Senate testimony
The official will testify before the Senate Committee on Banking on Sept. 15; in a transcript released early, he reiterates the primacy of securities law in crypto regulation.
CDC gives nod to Lummis-Gillibrand bill in proposed amicus brief in SEC v. Ripple case
The Chamber of Digital Commerce asked to file an amicus brief in the protracted SEC case against Ripple Labs and supports legislating to clear up a legal gray area.
US Treasury sanctions Iran-based ransomware group and associated Bitcoin addresses
The Office of Foreign Asset Control sanctioned 7 Bitcoin addresses allegedly connected to Iranian nationals Ahmad Khatibi Aghada and Amir Hossein Nikaeed Ravar.