US government

US federal regulators set new expectations for stablecoin issuers

A group of leading U.S. financial regulators has released a new statement on stablecoins. One of the headlining topics of crypto regulation news this year, stablecoins were the main topic of a Dec. 23 statement the President’s Working Group on Financial Markets, or PWG. The PWG includes representation from the Treasury, the Federal Reserve, the Securities …

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~18,000 organizations downloaded backdoor planted by Cozy Bear hackers

Enlarge Getty Images About 18,000 organizations around the world downloaded network management tools that contained a backdoor that Russian spies could use to install additional malware that stole sensitive data, the tools provider, SolarWinds, said on Monday. The disclosure from Austin, Texas-based software maker SolarWinds, came a day after the US government revealed a major …

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World governments agree on importance of crypto regulation at G-7 meeting

Digital asset regulation has been a hot topic in 2020 and shows no signs of cooling. A recent G7 meeting concluded that the sector faces an ongoing need for regulation.  In addition to talking about COVID-19 and economic issues, the group “also discussed ongoing responses to the evolving landscape of crypto assets and other digital …

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Law Decoded: Green lights of the SEC, black flags of Binance, Nov. 13–20

Editor’s no Amid a political news cycle that has been stuck in a nauseating loop, covering crypto is often refreshing. Partisan forces have yet to dig out the trenches. A lot of the current task is just getting working definitions in play.  Meanwhile, the technology advances at a mind-boggling rate, and there are still enough …

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Outgoing SEC Chair Jay Clayton reveals what’s driving the rise of BTC

The outgoing SEC Chairman Jay Clayton, who oversaw the rejection of nine Bitcoin ETFs during his tenure, has told CNBC that “inefficiencies” in the current payments systems are continuing to drive the popularity of Bitcoin. Appearing on CNBC’s Squawk Box yesterday Clayton, who is due to step down by the end of the year, confirmed …

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Crypto Impact Unclear After Joe Biden Unseats Donald Trump as Next US President

Joe Biden’s picks to head key regulatory agencies could redefine cryptocurrency policy in the coming years, although it’s unclear exactly how.  The Associated Press declared on Saturday that Biden, the Democratic nominee, beat President Donald Trump, a first-term Republican in an election that was marked by division and the continued spread of the COVID-19 pandemic. …

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Gold Price Expected to Rally Despite Concerns About Lockdown 2.0

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/387399″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/11/wb_728x180-6.jpg” alt width=”728″ height=”180″></a></div><strong>Gold industry players say the inevitable printing of new money by the U.S. will lead to an increase in the circulating supply of fiat currency. This increase, in turn, will further dilute the value of U.S. currency and …

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Here Are the 2020 US Election Races Crypto Should Watch

CoinDesk is monitoring the U.S. election, following candidates for the Senate and House of Representatives in addition to the Presidency.  The list below includes a number of lawmakers important to the crypto space, whether they be politicians who are proponents of innovation and light-touch regulations, or those who have dismissed the cryptocurrency space or come …

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Bill Hinman, who spearheaded the SEC’s early crypto policies, is leaving the commission

On Wednesday, the Securities and Exchange Commission (SEC) announced the departure of William Hinman by the end of this year.  Hinman joined the commission in 2017 and is currently the director of the SEC’s Division of Corporate Finance. He also spearheaded the SEC’s early work with digital assets, in which role he has made critical …

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Pomp says US digital dollar needs to happen now

Recent comments from Jerome Powell, the chairman of the U.S. Federal Reserve, show the American government is not especially concerned with speed when it comes to developing a central bank digital currency, or CBDC. In contrast, Morgan Creek Digital co-founder Anthony Pompliano argues that time is of the essence.   “They’re talking about like, maybe we’ll build …

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