2023-01-14
.@GaryGensler is once again late to the game, “protecting” no one. Quite clear that his political “regulation through enforcement” strategy hurts everyday Americans. https://twitter.com/...
The Block
The SEC charges Genesis and Gemini with offering and selling unregistered securities to retail investors via a crypto lending program promising to pay interest
2023-01-13
.@GaryGensler is once again late to the game, “protecting” no one. Quite clear that his political “regulation through enforcement” strategy hurts everyday Americans. https://twitter.com/...
The Block
The SEC charges Genesis and Gemini with offering and selling unregistered securities to retail investors via a crypto lending program promising to pay interest
- The SEC charged both Gemini and Genesis with unregistered offering and sale of securities to retail investors, some of who were in the U.S.
2022-11-24
FTX's collapse is not a crypto failure. It's a failure with CeFi, @GaryGensler, and Sam Bankman-Fried. Decentralization is the point. Watch below for more thoughts 👇 https://twitter.com/...
American Prospect
A look at a letter from March by four GOP and four Democratic House members discouraging the SEC from probing crypto firms; five had donations from FTX staff
2022-11-12
Interesting. @GaryGensler runs to the media while reports to my office allege he was helping SBF and FTX work on legal loopholes to obtain a regulatory monopoly. We're looking into this. https://twitter.com/...
Financial Times
A look at Sam Bankman-Fried's rise and fall in DC: becoming the face of crypto, backing a digital commodity bill, and testifying before congressional committees
Financial Times :
2022-11-11
Interesting. @GaryGensler runs to the media while reports to my office allege he was helping SBF and FTX work on legal loopholes to obtain a regulatory monopoly. We're looking into this. https://twitter.com/...
Financial Times
A look at Sam Bankman-Fried's rise and fall in DC: becoming the face of crypto regulation, proposing bills, and testifying to Congress before FTX collapsed
Sam Bankman-Fried sought digital asset legislation and donated heavily to Democrats — In less than four years …
2022-09-14
Disappointed to see that this incomplete response from Treasury does not consider Americans' constitutional right to privacy while sanctioning of neutral, open-source, decentralized privacy software. https://home.treasury.gov/... https://twitter.com/...
Axios
The US Treasury clarifies its Tornado Cash guidance and tells users who used the service for lawful transactions can apply for a license to withdraw their funds
New guidance from the U.S. Treasury Department's Office of Foreign Assets Control provides a roadmap for people who used Tornado Cash …
2022-05-04
I wonder how many taxpayer dollars are being wasted in @GaryGensler's personal crusade against the crypto industry? https://www.cnbc.com/...
Wall Street Journal
The SEC plans to add 20 investigators and litigators to its Crypto Assets and Cyber Unit, created in September 2017 to investigate fraud, taking it to 50 staff
ancient crypto curse https://www.wsj.com/... @cmsholdings : A more dovish take here is that crypto has more than doubled in size especially headcount / projects / notional traded p...
2022-03-10
1) Decentralization is the Point: The EO doesn't mention decentralization once. The disintermediation of our economy will enable all Americans, regardless of circumstance, to decide their futures, not a bank or Big Tech or the government.
Wall Street Journal
Biden signed an executive order directing federal agencies to study the risks posed by digital assets, such as evading sanctions, and consider a digital dollar
3) Most fortunately, the EO doesn't ask the SEC to weigh in. SEC Chair Gensler has spent the past year intimidating crypto innovators and entrepreneurs with his unproductive regulation by public statement and enforcement action. His input is not critical.
Wall Street Journal
Biden signed an executive order directing federal agencies to study the risks posed by digital assets, such as evading sanctions, and consider a digital dollar
2021-12-09
Crypto isn't a passing fad, it's a legitimate financial tool used by millions. At this morning's hearing, I hope my colleagues in @FinancialCmte will join me in demanding regulatory clarity for crypto. https://www.youtube.com/...
The Block
At a congressional hearing with six crypto executives, committee members voiced concerns about stablecoins and exchanges but showed a warming up to crypto
Quick Take — Today's hearing before the House Financial Services Committee confirmed: Congress is warming up to crypto.
2021-11-02
On top of that, the PWG wants stablecoin issuers to register as banks. Meanwhile, #MichaelHsu at the OCC has halted all of the progress @BrianBrooksUS made with the OCC special purpose bank charter, which would provide qualifying fintechs to operate as national banks.
CoinDesk
Biden admin urges Congress to subject stablecoin issuers to federal oversight like banks and limit their interactions with non-financial companies, such as Meta
If U.S. lawmakers don't act, regulators have the authority to take their own measures, according to the long-awaited report …
It's more than clear that any regulatory changes to crypto MUST be subject to Congressional oversight!
CoinDesk
Biden admin urges Congress to subject stablecoin issuers to federal oversight like banks and limit their interactions with non-financial companies, such as Meta
If U.S. lawmakers don't act, regulators have the authority to take their own measures, according to the long-awaited report …
With its stablecoin report, the PWG seems to try to force Congress to choose between handing over regulatory power to bureaucrats or risking the unchecked FSOC stamp out crypto innovation.
CoinDesk
Biden admin urges Congress to subject stablecoin issuers to federal oversight like banks and limit their interactions with non-financial companies, such as Meta
If U.S. lawmakers don't act, regulators have the authority to take their own measures, according to the long-awaited report …
2021-09-25
Digital. Authoritarianism. China is forcing its citizens away from decentralized currency and onto the digital yuan so the CCP can track all money movements. You fear Big Brother? Then you should also fear what the Fed might be designing. https://www.wsj.com/...
CNBC
China's central bank says all cryptocurrency-related activities are prohibited and overseas crypto exchanges providing services in mainland China are illegal
- The People's Bank of China said services offering trading, order matching, token issuance and derivatives for virtual currencies are strictly prohibited.
Open. Permissionless. Private. If China bans it, you know it's something worth fighting for. https://twitter.com/...
CNBC
China's central bank says all cryptocurrency-related activities are prohibited and overseas crypto exchanges providing services in mainland China are illegal
- The People's Bank of China said services offering trading, order matching, token issuance and derivatives for virtual currencies are strictly prohibited.
2021-08-11
I, along with bipartisan Blockchain Caucus co-chairs @RepDarrenSoto, @RepDavid, and @RepBillFoster sent a letter to every single Representative in the House raising concerns about the Senate infrastructure bill being paid for by our crypto industry. https://twitter.com/...
CoinDesk
Senate sends $1T infrastructure bill to the House after a 69-30 vote; the bill contains a controversial cryptocurrency tax provision critics see as too broad
2021-08-10
I, along with bipartisan Blockchain Caucus co-chairs @RepDarrenSoto, @RepDavid, and @RepBillFoster sent a letter to every single Representative in the House raising concerns about the Senate infrastructure bill being paid for by our crypto industry. https://twitter.com/...
Decrypt
The latest cryptocurrency compromise amendment to Senate's infrastructure bill fails to reach a vote after Sen. Shelby files an objection over military spending
The Senate rejected an amendment championed by the cryptocurrency industry that exempts non-custodial crypto actors …