US Government News
The US government is a system of public administration in the USA that was established with the adoption of the Constitution in 1787. In terms of Bitcoin, the US government shows its interest in blockchain technology and its development. However, the US government’s view on Bitcoin still remains unclear as the regulation of digital currency hasn’t been created yet and now cryptocurrency is considered simply to be a digital asset rather than an official means of payment. The main concern of authorities is not the use of virtual money, but the possibility of avoiding taxes, money laundering and supporting terrorism as the effective, but traditional ways to prevent all of this doesn’t work with cryptocurrencies as well as it does with fiat currencies.
Hinman's commentary on the status of cryptocurrencies and the Howey Test was particularly critical to regulation surrounding ICOs.
Bill Hinman, who spearheaded the SEC's early crypto policies, is leaving the commission
True decentralization will take time, U.S. presidential candidate Brock Pierce suggests, citing DeFi as a crucial stepping stone towards this end.
Brock Pierce: True decentralization is a way off
The U.S. doesn't mind coming a bit late to the CBDC party, but is that the wrong approach?
Pomp says US digital dollar needs to happen now
Talk of CBDCs and Facebook's Libra headlined this week's policy news, as international organizations weigh in on both.
Law Decoded: The rivalry between central banks and global stablecoins, Oct. 9–16
It's not a scarce resource like nuclear power, whose proliferation is more easily suppressed.
Attempting to stifle encryption is a waste of time, suggests Status security chief
U.S. regulators are starting to track crypto more seriously, and that’s a good sign for all crypto holders.
Better regulation needed to stop crypto tax evaders from running wild
In April, he said he'd by gone by Halloween, but the plan has changed pending action in the Senate.
Crypto-friendly Commissioner Quintenz isn’t leaving the CFTC this month after all