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On Sept. 14, United States President Joe Biden revealed his picks to fill two vacant seats at the United States Commodity Futures Trading Commission (CFTC). In addition, the president nominated Rostin Behnam, who has run the derivatives regulator as acting chairman since January, to assume the office on the permanent
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Over the last few weeks, Americans have read about the U.S. Internal Revenue Service (IRS) upping its tax enforcement to catch cryptocurrency users who have not paid taxes. According to one report, the IRS may get access to bank inflows and outflows via Joe Biden’s American Families Plan. On top
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It was a topsy turvy week — “staggering,” a crypto veteran called it. One that saw United States Senator Ted Cruz and Senator Ron Wyden collaborate on behalf of the cryptocurrency and blockchain industry — albeit, in a lost cause. These events could eventually pave the way for future regulatory
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Peter Brandt highlights the possibility of the Biden administration becoming a big negative factor for BitcoinHe cites the recent plans to increase capital gains taxSome institutions and individuals in some US states might end up paying as much as 55% in taxes if the plan is implementedBitcoin has had 11
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In this issue All aboard the bitcoin expressAre we on the brink of an NFT revolution?DeFi now on regional Fed’s radarCrypto race in the U.S. — and a call to (blockchain) arms for BidenIndia moves closer to banning private crypto like bitcoinWill Hong Kong outlaw retail crypto investing? From the Editor’s DeskDear
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As the Biden Administration gets underway, what can we expect for cryptocurrency technologies alongside an ascendent bitcoin? One day into the new president’s tenure we’ve brought in Kristin Smith, executive director of the Blockchain Association and Amy Davine Kim, Chief Policy Officer at the Chamber of Digital Commerce. In this
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Chris Brummer, a Georgetown University law professor who runs the annual D.C. Fintech Week conference, may be the next chair of the Commodity Futures Trading Commission (CFTC), according to Reuters.The news service reported Thursday that Brummer is President Joe Biden’s leading candidate to head the federal commodities regulator.Brummer was previously
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Michael S. Barr, a former U.S. Treasury Department official and onetime member of Ripple’s board of directors, is likely to become the next Comptroller of the Currency, the Wall Street Journal reported Wednesday.If named and confirmed by the U.S. Senate, Barr will succeed Brian Brooks, the former Coinbase executive who
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Janet Yellen, a former leader at the Federal Reserve and Joe Biden's pick for Treasury Secretary, is still suspicious of crypto as a threat for illicit financing. In a virtual hearing of the U.S. Senate Finance Committee held today, Yellen faced questions on combating the financing of terrorism, or CFT, from
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Gary Gensler has taught courses about blockchain at MIT. Source
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