Gearing up for new battles against data-driven monopolies, antitrust enforcers may well look to blockchain as a way of getting honest data from companies they don't trust.
- News
Antitrust watchdogs around the world are going back to school to study blockchain and AI - Follow up
Decentralization in the centers of power: Learn crypto from Biden's SEC chair pick, part 3/3 The next leader of the U.S. securities regulator seems to be sympathetic to the mission of decentralization.
- Follow up
The way forward for ICOs: Learn crypto from Biden's SEC chair pick, part 1/3 Gensler will likely be replacing Jay Clayton, who famously slowed down the ICO market during his tenure at the SEC. Will Gensler issue new clarity?
- Newsletter
Law Decoded: The guard changes, and with it, the tweets, Jan. 8–15 Accompanying the presidential transition are some major questions about the role of social media in society and politics.
- News
Treasury backs down: Crypto monitoring rule will wait until new administration This is a big win for the crypto industry today, which was unanimous in opposition to a new anti-money laundering rule that many saw as rushed and draconian.
- Breaking news
Anchorage granted US's first national crypto bank charter With Acting Comptroller Brooks on his way out the door, the OCC has given its first digital bank charter.
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An online future for finance is inevitable, says OCC's Brooks Brooks considers the migration of the financial system onto the internet "inevitable."
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BitMEX turns to Chainalysis to solve legal woes, or at least soften the CFTC's blow If you can't beat 'em, join 'em? BitMex onboards more aggressive Chainalysis measures in advance of a response to the CFTC.
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Visa abandons $5.3B Plaid acquisition in the face of DoJ antitrust suit The Justice Department's November 2020 suit has reversed the planned merger.
- News
Reuters: Gary Gensler, MIT blockchain professor and Obama's CFTC chair, to head Biden SEC Gensler taught a course on "blockchain technology's potential use — by entrepreneurs and incumbents — to change the world of money and finance."
- News
OCC's Brian Brooks thinks that DeFi can root out bias and fraud in traditional banking Brooks is optimistic that regulators will find it easier to work with algorithms than with bankers.
- News
IMVU's new blockchain-backed stablecoin goes live The token, which has gotten a lot of attention for its interesting way of placating U.S. regulators, is now live for IMVU users in over 140 countries.
- News
Morgan Stanley now holds 10% stake in Michael Saylor's MicroStrategy MicroStrategy's massive push into Bitcoin is paying off, with shares skyrocketing and huge new investment from Morgan Stanley.
- Newsletter
Law Decoded: Insurrections, transitions, monitoring transactions and 2021, Jan. 1–8 After watching protestors scale the walls of the Capitol Building, the U.S. will likely not be in the mood for financial regulation in the next couple of weeks.
- News
Following Brexit, the UK asks crypto industry about rules for cross-border stablecoins In addition to trying to define stablecoins, the U.K. is looking to establish how close it wants its crypto laws to be to other countries.
- News
Zuckerberg blocks Trump from Facebook until at least end of term Following yesterday's chaos on Capitol Hill, the social media giant has blocked President Trump on the grounds that the likely intent and result of his posts is the incitement of violence.
- Interview
Social networks and the digital economy: A preview of IMVU’s VCOIN After getting some boundaries in which to operate from the SEC, IMVU's new blockchain-based token will be a major test case for crypto.
- News
Trump bans Chinese payment apps, including AliPay and WeChat Pay The trade war with China homes in on the country's thriving digital payments industry.
- News
States sue the OCC and Brian Brooks for overriding their controls on predatory lending More state regulators are gunning for the OCC and Brian Brooks, this time over usury laws and predatory lending.
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OCC greenlights national banks to run nodes and stablecoin networks The latest from the Treasury's most crypto-forward office says that national banks don't have to fear stablecoin nodes.
- News
With 6 hours left, Treasury logs almost 6000 comments on crypto monitoring proposal It looks like crypto stakeholders turned out in force, despite the Treasury's best efforts to evade scrutiny.
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Russia's Central Bank tries to stem the tide of rubles leaving bank accounts With the declared intent of reducing risk, the moves look to cut new investors off from opportunities to get out of the ruble.
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XRP holders ask court to stop the SEC from calling their holdings securities XRP investors don't want to have their holdings lumped in with Ripple's.
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Congresspeople chastise the Treasury for rushing new crypto monitoring proposal As many in the crypto industry have said, 15 days over the holidays is just not enough time to respond.
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BitGo settles with US Treasury over sanctions violations in Iran, Syria and Cuba The settlement repeats the Treasury's message that crypto companies will need to know their customers.
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New York authorizes first Yen stablecoin operator in the US Japanese firm GMO will now be able to offer Yen- and dollar-pegged stablecoins to the public in New York.
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US federal regulators set new expectations for stablecoin issuers The President's Working Group has not said anything revolutionary, but does establish some new clarity.
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A storm is brewing between state regulators and the OCC over fintech licensing A major network of state banking regulators is renewing its attack on the OCC's moves to register non-depository institutions.
- News
The SEC shows some mercy to broker-dealers handling security tokens In a Christmas present for the crypto industry, broker-dealers who abide by existing rules while holding security tokens in custody will not face enforcement action for the next five years.
- News
SEC scuppers ShipChain's $27M ICO and fines the firm its last $2M The defunct firm is not the first to run aground due to failure to abide by U.S. securities laws.