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US Lawmakers Want STABLE Act to Force Stablecoin Issuers to Secure Bank Charters
United States

US Lawmakers Want STABLE Act to Force Stablecoin Issuers to Secure Bank Charters

US lawmakers have introduced a new bill to Congress seeking to impose federal control over the entire stablecoin industry and would mandate issuers to secure bank charters.

BlackRock CEO Larry Fink Says Bitcoin Can Evolve Into Global Asset and Impact Dollar
United States

BlackRock CEO Larry Fink Says Bitcoin Can Evolve Into Global Asset and Impact Dollar

Larry Fink, CEO of BlackRock the world's largest asset manager with $7.4 trillion assets under management, says Bitcoin can evolve into a global asset and impact the US dollar.

Joe Biden Considers Crypto-Friendly Former CFTC Chair Gary Gensler For Deputy Treasury Secretary
United States

Joe Biden Considers Crypto-Friendly Former CFTC Chair Gary Gensler For Deputy Treasury Secretary

President-elect Joe Biden is considering Gary Gensler, the former Commodity Futures Trading Commission chairman, to become Deputy Treasury Secretary.

Coinbase CEO Warns Exiting President Trump May Drop Crypto Wallet Regulation Bomb
United States

Coinbase CEO Warns Exiting President Trump May Drop Crypto Wallet Regulation Bomb

Coinbase CEO Brian Armstrong shared rumors that the Trump Administration may rush crypto wallet regulations on traders with privacy-invading data-collection requirements.

Director of National Intelligence Warns US SEC of China’s Cryptocurrency Dominance
United States

Director of National Intelligence Warns US SEC of China’s Cryptocurrency Dominance

National Intelligence Director John Ratcliffe has warned the US Securities and Exchange Commission that China’s cryptocurrency dominance could put the US at a disadvantage.

US Government Plans to Use USDC Stablecoin to Offer Foreign Aid in Venezuela
United States

US Government Plans to Use USDC Stablecoin to Offer Foreign Aid in Venezuela

U.S government has tapped Circle’s USDC stablecoin to offer foreign aid in Venezuela through President-elect Juan Guaidó exiled government.

US Treasury Official says IRS is Assessing Models for Crypto Tax Reporting Rules
United States

US Treasury Official says IRS is Assessing Models for Crypto Tax Reporting Rules

The IRS is developing domestic reporting rules for cryptocurrency taxation and assessing different models, according to a Treasury Department official at an OECD event.

Binance.US Digital Asset Trading Marketplace is Now Available in North Carolina
United States

Binance.US Digital Asset Trading Marketplace is Now Available in North Carolina

Binance.US has now expanded its digital asset trading services to include North Carolina investors.

US DHS Cybersecurity Official Expects to be Fired in Trump’s Post-Election Purge for Debunking Fake News
United States

US DHS Cybersecurity Official Expects to be Fired in Trump’s Post-Election Purge for Debunking Fake News

A United States Homeland cybersecurity official, Christopher Krebs expects to be cut in President Trump’s post-election purge for proactively debunking disinformation.

US Tax Office Warns Coinbase Users To Declare Crypto Holdings Before IRS Clampdown
United States

US Tax Office Warns Coinbase Users To Declare Crypto Holdings Before IRS Clampdown

The IRS may soon start clamping down on crypto users particularly those affiliated with Coinbase exchange who do not properly report their crypto holdings.

Democrats Critical of OCC's "Excessive Focus" on Crypto and Stablecoin Financial Services
United States

Democrats Critical of OCC's "Excessive Focus" on Crypto and Stablecoin Financial Services

Democrat members of the United States Congress led by Congresswoman Rashida Tlaib (D-MI) have criticized the OCC's focus on crypto and stablecoins.

Republicans Cry Foul Play, USPS Postal Employee Retracts Claims of Ballot Tampering
United States

Republicans Cry Foul Play, USPS Postal Employee Retracts Claims of Ballot Tampering

The US elections have finally come to an end, amid a flurry of anticipation and misinformation that have left the Republican party incredibly infuriated.

US Federal Reserve Weighs the Pros and Cons of a Digital Dollar CBDC
United States

US Federal Reserve Weighs the Pros and Cons of a Digital Dollar CBDC

The US Federal Reserve has continued to research the benefits and impact of implementing a central bank digital currency (CBDC).

What Biden’s Presidency Could Mean for Crypto
United States

What Biden’s Presidency Could Mean for Crypto

With Joe Biden's presidential win, the crypto community has speculated on how this would impact the industry.

Slow and Steady Wins the CBDC Race: Why the US is not Concerned with China's Speed
United States

Slow and Steady Wins the CBDC Race: Why the US is not Concerned with China's Speed

Slow and steady wins the CBDC Race: there are several reasons why the United States' digital dollar development has an edge over China’s speedy approach to its digital yuan.