• Congressmen call for crypto clarity
    Cryptocurrencies,  Politics

    Congressmen call for crypto clarity in letters to the SEC and Treasury

    Reps. Tom Emmer and Warren Davidson warn that a lack of regulatory clarity, and rumors of a clampdown on self-hosted wallets, are stymying innovation in the U.S.

    Rep. Tom Emmer (R-MN) penned the missive to the SEC, urging the regulator to provide the clarity needed for banks to provide custody services for digital securities. Meanwhile, Rep. Warren Davidson said he had sent a letter to Mnuchin “strongly encouraging him to consult with Congress before issuing new regulations that govern the use of digital self-hosted wallets.”

  • German finance minister pans libra name
    Libra,  Politics,  Regulation

    German finance minister pans Libra’s new name

    Olaf Scholz called the Facebook-founded stablecoin project ‘a wolf in sheep’s clothing” that threatens governments’ control over the economy

    “It is clear to me that Germany and Europe cannot and will not accept its entry into the market while the regulatory risks are not adequately addressed," Scholz said. “We must do everything possible to make sure the currency monopoly remains in the hands of states.”

  • india hostility crypto changing
    Cryptocurrencies,  Politics,  Regulation

    ‘Very likely’ India’s hostility towards crypto changing: Unocoin CEO

    The executive explained that U.S. institutional adoption, the growth of local crypto buyers, and examples set by other countries will likely cause Indian regulators’ view of crypto to change

    Unocoin CEO Sathvik Viswanath told Modern Consensus that the situation for the crypto industry in India is not as grim as many believe it to be.

  • Coinbase accused racism
    People,  Politics

    At Coinbase, black employees faced ‘constant condescension’ and were described as ‘less capable’: report

    A day after Coinbase attempted to preempt a New York Times article about the company’s culture, 23 current and former workers paint a picture of discrimination and mistreatment

    Nathaniel Popper, a cryptocurrency and technology reporter at the Gray Lady, has written a damning exposé that claims the exchange “has long struggled with its management of black employees.” The title of his investigation? “Tokenized.”