A newly released draft of the Digital Asset Market CLARITY Act includes a temporary ethics provision that would prohibit the President of the …
Latest in U.S. Regulation
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U.S. Regulation
U.S. Senate Unanimously Rejects Sam Bankman-Fried Pardon Bid in Rare Bipartisan Vote
by Terron Goldby Terron GoldThe U.S. Senate has unanimously passed a bipartisan resolution declaring that FTX founder Sam Bankman-Fried should “under no circumstances” receive executive clemency, including a presidential pardon or sentence …
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U.S. Regulation
White House Meeting Aims to Break Deadlock on CLARITY Act Ethics Rules
by Terron Goldby Terron GoldThe White House is reportedly preparing to host a high-level meeting between President Donald Trump, senior administration officials, and key U.S. senators in …
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U.S. Regulation
Sony Bank Wins U.S. Approval to Launch Dollar Stablecoin Trust Bank
by Terron Goldby Terron GoldSony Bank, the banking arm of Sony Financial Group, has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish …
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U.S. Regulation
CFTC Chairman Michael Selig Urges Congress to Pass CLARITY Act Before August Recess
by Terron Goldby Terron GoldCommodity Futures Trading Commission (CFTC) Chairman Michael Selig is making one of the strongest pushes yet for comprehensive U.S. crypto regulation, calling on Congress to …
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U.S. Regulation
U.S. Senators Introduce Bill to Block China and Other Foreign Adversaries From Accessing Advanced American AI Technology
by Terron Goldby Terron GoldTwo of the lawmakers behind the landmark GENIUS Act are now turning their attention to artificial intelligence. Senators Tim Scott and Bill Hagerty have introduced new …
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U.S. Regulation
CFTC Considers Bringing Crypto-Style Perpetual Futures and 24/7 Trading to the Oil Market
by Terron Goldby Terron GoldThe U.S. Commodity Futures Trading Commission (CFTC) is exploring one of the biggest structural changes ever proposed for traditional commodity markets by …
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U.S. Regulation
Federal Reserve Moves to Tighten Stablecoin Oversight With New Customer Identification Requirements
by Terron Goldby Terron GoldThe Federal Reserve has unveiled a new proposed rule that would require certain payment stablecoin issuers to establish and maintain formal Customer Identification …
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U.S. Regulation
Illinois Becomes First State to Tax Bitcoin and Crypto Transactions as Critics Call It the Most Punitive Crypto Tax in America
by Terron Goldby Terron GoldIllinois has officially become the first U.S. state to impose a transaction-based tax on cryptocurrency activity after Governor J.B. Pritzker signed the state’s …
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U.S. Regulation
CLARITY Act Gains Momentum as Senate Prepares for Critical Post-Recess Vote
by Terron Goldby Terron GoldThe long-awaited Digital Asset Market CLARITY Act is moving closer to becoming law as momentum continues building in the U.S. Senate. Following …
