• Post-election crypto regulation
    Cryptocurrencies,  Regulation

    SEC’s Hester Peirce: Post-election crypto regulation needed

    From stablecoins to decentralized exchanges, regulators are struggling to regulate a moving target said the SEC Commissioner known as “Crypto-Mom”

    One concern that the agency has with the regulation of cryptocurrency assets is that while promoters stress the advantages they bring by eliminating intermediaries, securities regulators have long worked with intermediaries in functions such as anti-money-laundering and are comfortable with them.

  • SEC fines Rapper T.I.
    Regulation

    SEC fines Rapper T.I. $75,000 over fraudulent FLiK, CoinSpark ICOs

    The Atlanta recording artist formally known as Clifford Harris Jr. promoted the two ICOs, which were frauds created by film producer Ryan Felton, who is also facing criminal charges

    The Atlanta rapper, whose real name is Clifford Harris Jr., film producer Ryan Felton, and three others were charged in the civil action over the ICO for FLiK, a streaming video platform that was going to use tokens to allow viewers to buy movies, and CoinSpark, a cryptocurrency exchange.

  • OCC lead crypto innovation
    Cryptocurrencies,  Regulation

    Senate banking chair: U.S. should lead in crypto innovations

    Sen. Mike Crapo took note of former Coinbase lawyer Brian Brooks’ activity at the Office of the Comptroller of the Currency in moving to create “clear rules of the road” for the crypto industry

    Brian Brooks, who left his position as chief legal officer of cryptocurrency exchange Coinbase to take up the reins at the Office of the Comptroller of the Currency, has been active in helping the industry make nice with banks that have long avoided it.

  • U.S. is researching digital dollar
    Cryptocurrencies,  Politics,  Regulation,  Technology

    Fed Governor says U.S. is researching a digital dollar

    The Federal Reserve may be well behind China, but news that it is actively looking at a central bank digital currency is a big step forward

    Federal Reserve Governor Lael Brainard said Thursday a U.S. central bank digital currency won’t happen overnight. A significant policy process which the Fed has not committed to would be required to consider the issuance of a CBDC, along with extensive deliberations and engagement with other parts of the federal government and a broad set of other stakeholders.