The highly touted “Crypto Week” of July 14-18 — when Congress mulled over major legislation to kick-start the digital asset era for U.S. markets — was just the start of the Trump team’s push to have the United States dominate global crypto markets. Toward the end of last month, “The President’s Working Group on Digital… Read More >>
ECB Reports Progress Toward a Digital Euro
Officials at the European Central Bank (ECB) report that they are making progress in laying the foundation for “the potential issuance of a digital euro.” This comes via a third progress report on the preparation phase of a digital euro, which was launched Nov. 1, 2023. The digital euro project is a collaborative effort involving… Read More >>
The SEC Is Leaving a Crypto Limbo
The smoke has cleared, the U.S. Senate confirmation process is over, and the swearing-in ceremony is part of history. There is a new sheriff in town, and SEC Chairman Paul S. Atkins made several things clear on May 19 when he made remarks before the “SEC Speaks” conference. Atkins provided a quick and useful history… Read More >>
Paul Atkins Will Drive a New Era for the SEC
Earlier this month, the U.S. Senate confirmed Paul Atkins as the new chairman of the Securities and Exchange Commission (SEC) by a 52-to-44 vote that enables Atkins to finish the remainder of former SEC Chair Gary Gensler’s term, which expires June 5, 2026. (Atkins was officially sworn in on April 21 and can stay onboard… Read More >>
The OCC Provides Some Crypto Clarity for Banks
The Trump cryptocurrency push got a major regulatory green light earlier this month when the Office of the Comptroller of the Currency (OCC) reaffirmed that “a range of cryptocurrency activities are permissible in the federal banking system.” OCC officials published Interpretive Letter 1183 “to confirm that crypto-asset custody, certain stablecoin activities, and participation in independent… Read More >>
Trump Team & Senate Bill End Hopes for a U.S. CBDC
A central bank digital currency (CBDC) for the U.S. will not be developed and issued by the Federal Reserve any time soon, and it may be a long time before the U.S. federal government seriously considers the viability of a CBDC. The halt is the result of an executive order about digital assets, issued by… Read More >>
SEC & CFTC Prioritize Crypto Regs Creation
The Securities and Exchange Commission and the Commodity Futures Trading Commission (CFTC) are following up on their recent announcements to move quickly on cryptocurrency regulation just as industry providers are getting on the crypto train. The SEC is offering more details about the mission of its special Crypto Task Force and the CFTC will be… Read More >>
SEC’s Acting Chairman Launches Crypto Task Force
The U.S. Securities and Exchange Commission (SEC) under the new Trump team is wasting no time when it comes to forging policies that the now-former SEC Chair Gary Gensler fought against during his time at the top, particularly those concerning cryptocurrencies and other digital assets. Gensler stepped down on January 20 and Commissioner Mark T…. Read More >>
Is the SEC at a Digital Assets Crossroads?
(SEC Chair Gary Gensler will be stepping down from the top spot for the U.S. regulator on January 20, 2025, which means the new Trump administration will be looking for a replacement. Trump is likely to name a chairperson who has a more favorable stance toward digital assets and would be far less aggressive than… Read More >>
