Emerging Tech
Justice Officials Release Framework for Policing Crime in Crypto Space
Complimenting the new national digital asset framework, law enforcement is planning similar steps to combat crime in the crypto marketplace.
Digital Government
White House Releases Holistic Digital Asset Regulatory Framework
Several agencies contributed to the new framework, as the Biden administration eyes a streamlined approach to regulating and benefitting from the volatile digital asset marketplace.
Ideas
What Is Proof-of-Stake? A Computer Scientist Explains a New Way to Make Cryptocurrencies, NFTs and Metaverse Transactions
This new way focuses on energy efficiency.
Cybersecurity
House Lawmaker Asks 9 Entities to Illuminate Crypto’s Security Concerns
Rep. Raja Krishnamoorthi issued nine letters to regulatory agencies and crypto trading platforms alike asking for future plans, emphasizing consumer protections.
Digital Government
IRS Executes Summons for Financial Records of Crypto Transactions
The federal regulatory agency is asking for details from trading platform sFOX on users who engaged in at least $20,000 worth of transactions.
Emerging Tech
Crypto Mining's Energy Consumption Draws Additional Concern from Lawmakers
Leadership on the Energy & Commerce Committee sent four letters to crypto mining platforms about the potentially “severe” impacts of generating the digital currencies.
Policy
Banks' Ability to Conduct Cryptocurrency Transactions Comes Under Senators' Fire
Letters issued by the Department of Treasury’s Office of the Comptroller of the Currency allow banks to engage in digital currency transactions that are considered financially sound.
Emerging Tech
Treasury Sanctions Cryptocurrency Mixer
The online digital money platform has proven to act as a haven for cyber criminals looking to launder illegal cryptocurrencies.
Policy
Bipartisan Senators Want Commodity Regulations For Crypto
A new bill would task the Commodity Futures Trading Commission with imposing more consumer protections and other oversight regulations on digital asset trading.
Policy
Warren Set to Introduce New Bill Targeting Crypto Scams
The Democratic senator said she will unveil new legislation to better regulate cryptocurrency investment from larger firms “vampire sucking” money from smaller entities.
Emerging Tech
Prolific Crypto Market Demands Regulation, Investor Education, Experts Say
Financial regulation experts tell Congress a lack of regulation on digital currencies and lending exacerbates lack of consumer education.
Emerging Tech
Cryptocurrency Founder Convicted of Defrauding Investors of More Than $6 Million
My Big Coin founder Randall Crater was convicted of charges related to fraud and misleading investors over the value of his cryptocurrency.
Policy
Lawmakers Ask Energy, EPA to Investigate Cryptomining’s Environmental Impact
As Congress looks to regulate the industry, cryptomining companies say renewable energy is already in play.
Emerging Tech
Treasury’s Cryptocurrency Framework Emphasizes Consumer Protection, International Collaboration
The Treasury Department’s first digital asset guidance is the latest chapter in applying federal regulation to the digital asset market.
Policy
Treasury Defines Key Terms Under Executive Order on Cryptocurrencies
The department wants feedback for implementing the order to “ensure responsible development of digital assets.”
Cybersecurity
Justice Pursues Collaboration to Fight Cyber Crime with EU Member States
Under an executive order on the responsible development of digital assets, the department recently recommended the U.S. deepen its investment in international organizations to counter ransomware and other illicit activity.
Cybersecurity
White House Official: Administration Urgently Researching Central Bank Digital Currency
As due dates near for agency deliverables under an executive order, the Atlantic Council has produced a report that could help officials inform the president of implications for cybersecurity.
Digital Government
Oversight Report Says U.S. Marshals Need More Effective Cataloging for Seized Crypto
A new audit from the Office of the Inspector General reveals the U.S. Marshals Service could improve its seized crypto management with new procedures and policies.
Emerging Tech
Crypto Industry Insiders Support Better Public-Private Collabs To Prevent Major Ransomware Attacks
A panel of leaders in the digital asset industry discussed helpful legal frameworks to prevent illegal crypto financing while supporting market activity.
Emerging Tech
GSA Auctions Another Series of Crypto, Valued at $268K
The General Services Administration is auctioning off several lots of cryptocurrencies as the federal government looks to wade into the volatile asset class.
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