This Quarterly Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties. In some cases you can identify these statements by forward-looking words such...
(Bloomberg) — Financial market regulators are considering steps they could take to rein in the crypto market if Congress doesn’t pass legislation, the head of Wall Street’s top derivatives regulator said. Most Read from Bloomberg “In the absence of clear direction from Congress, which I know they’re working on, it’s...
Him Das, the acting director of the United States Financial Crimes Enforcement Network, or FinCEN, said some of the government bureau’s tools to fight money laundering and terrorism financing may be ill suited for crypto. In a Thursday hearing of the House Financial Services Committee on “Oversight of the Financial...
On March 31, Idaho Governor Brad Little signed HB 583, the Digital Asset Act. The bill amends Title 28 of the Idaho Code, which governs commercial transactions generally, to include a new chapter dedicated to regulation of digital assets. The bill goes into effect on July 1. Idaho’s bill is...
Getty getty Cryptoassets might have begun as an attempt to construct a trustless ecosystem that had no need for traditional financial intermediaries such as banks, payment processors, and other centralized institutions, but the reality has become a bit more nuanced. Even as bitcoin and other decentralized cryptocurrencies continue to attract...
The FDIC wants insured banks to report their crypto actions, while states look to exempt companies in the space from certain regulations. This patchwork regulatory approach could provide additional incentives to Congress and executive branch agencies to continue pursuing federal regulations. Insider Intelligence publishes hundreds of insights, charts, and forecasts...
