FTX’s bankruptcy has been a painful setback for the industry. But many legislators, investors and enthusiasts remain believers in making Texas crypto’s top...

“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information,” new...

A new survey shows that a majority of likely voters want more crypto regulation. “Our national survey shows voters believe in the promise of digital assets and see it as a long-term part of the economy and their financial future,” said the Crypto Council for Innovation. Voters Want More Cryptocurrency Regulation The Crypto Council for […]

Jacqueline Cooper, JD, MA LDT, NBCT, Blockchain Consultant, author, coach, speaker, and CryptoMom2, has been named the new host for GBA’s ‘The Future of...

Federal Reserve Chairman Jerome Powell emphasized on Wednesday that technology transformation is here to stay in the financial sector and that new regulations will be required. Powell revealed some insight into how the United States would govern the market during a presentation at the Bank of International Settlements Innovation Summit on central bank digital currencies. The digital age was not taken into consideration when establishing our current regulatory structures, the Fed official said. “There will be revisions to current laws and regulations, as well as the creation of wholly new rules and structure, if central banks, stablecoins, and digital currencies are to be implemented,” he said during a roundtable discussion on CBDCs at the BISI Summit. Is There A Threat? Powell noted that emerging forms of digital money, like cryptocurrencies and stablecoins, pose threats to the US financial system and will necessitate the adoption of additional consumer protection measures. Powell reaffirmed his position that cryptocurrency should adhere to the “same activity, same regulation” premise. He proposed regulating stablecoin issuers, such as banks, in October 2021. “Stablecoins function similarly to money market funds. They’re similar to bank deposits… and it is reasonable for them to be controlled similarly, same activity, same regulation,” he concluded. Powell Says DeFi Can Improve Finance Sector Despite this, the Fed chairman acknowledged that distributed technology and DeFi have the potential to improve the payment system’s efficiency and foster a more competitive financial sector. This is an impressive recognition from the director of one of the country’s premier financial institutions. Other agencies and their personnel have embraced crypto and blockchain technology as well, albeit they all appear to advocate for some level of regulation. Crypto total market cap at $1.94 trillion on the daily chart | Source: TradingView.com Suggested Reading | Fiat – Not Crypto – Still The Top Choice For Financial Crimes, US Treasury Says Stablecoins are a type of cryptocurrency that are typically backed by the dollar or a commodity such as precious metal. CBDCs are digital representations of dollars or other fiat currencies that governments issue. The Fed is exdigital currencies but has not yet decided whether to issue them. In January, it published a study on stablecoins. Biden’s Executive Order US President Joe Biden signed an executive order earlier this month directing the Treasury Department and other federal agencies to conduct a study on the impact of cryptocurrency on economic stability and national security. Biden’s directive comes as many Democratic legislators, notably Massachusetts’ Elizabeth Warren, have expressed worry that cryptocurrency could be used to circumvent US sanctions against Russia. As part of the executive mandate, the Treasury is leading a report on a CBDC in consultation with the Departments of Justice, Commerce, and State, as well as the Office of Management and Budget, Homeland Security, and the Director of National Intelligence, to determine whether the US should pursue a digital dollar. Suggested Reading | Bitcoin Breaks Past The $40,000 Barrier Again – Can It Sustain The Momentum? Featured image from CryptoSlate, chart from TradingView.com

New York lawmakers will discuss a bill proposing a moratorium on crypto mining during a committee meeting on Tuesday.

The post New York legislators weigh moratorium on crypto mining, while some look to an executive order from the governor appeared first on The Block.

Digital financial assets like cryptocurrencies can help Russia to reach the global financial market despite western sanctions, a lawmaker working on crypto regulations has stated. The official believes the country is capable of setting up domestic crypto exchanges and should support mining. Russia Can Establish Own Cryptocurrency Exchanges, Deputy Insists The crypto space is an…

The post Crypto Assets Can Help Russia Return to Global Financial Market, Lawmaker Says appeared first on Bitcoin News Miner.

Guest writer Ryan Berkun says regulation can help DAOs organize and manage their missions.

A spam filter blocked as many as 70,000 emails sent to Indiana legislators about a contentious bill that aimed to place restrictions on teaching about racism and political topics.

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As millions of dollars in cryptocurrency have flowed into Ukraine, the country has turned such donations into thousands of bulletproof vests, packed lunches, medicine items and other supplies for the armed forces. Ukraine’s deputy minister of Digital Transformation Alex Bornyakov shared Friday a list of supplies that have been bought since March 1 using funds […]

The post Ukraine turns crypto donations into 5,550 bulletproof vests, 500 helmets and more appeared first on The Block.

Last Thursday, on 3rd March 2022, Twitter Inc announced the expansion of its crowdsourced fact-checking and content moderation program “Birdwatch” in a blog post (1). It would make notes on potentially misleading tweets visible to more users on the platform. The micro-blogging platform launched the project named Birdwatch last year as an experiment that asked […]

Through increasingly unscrupulous monetary policy, U.S. government officials mask the costs of war from the American public. Bitcoin could fix this.