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Policy

Regulations

That Binance Suit Sure Seems Bigger Than Just a CFTC Case

The implications of the CFTC’s lawsuit against Binance extend well beyond any civil action.

By Nikhilesh De

Mar 29, 2023 at 8:09 p.m. UTC

Mar 29, 2023

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Morning commute at modern business district in Tokyo, Japan

Finance

Opinion

The Short-Sightedness of Run-Amok Regulators

Ric Edelman, founder of the Digital Assets Council of Financial Professionals, talks about a key reason why crypto’s future looks bleaker: an apparent effort to cut it off from U.S. banks.

By Ric Edelman

Mar 29, 2023 at 4:44 p.m. UTC

Mar 29, 2023

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Brian Brooks: ‘My View About Navigating the US Waters Is a Little Bit Different From CZ's’

Policy

Bitfury

Brian Brooks: U.S. Government Using Crisis to Choke Off Crypto Access to Banks

The former acting head of the OCC said federal regulators are working together to keep crypto assets out of the U.S. banking system.

By Fran Velasquez

Mar 15, 2023 at 7:46 p.m. UTC

Mar 15, 2023

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Acting OCC chief Michael Hsu (Jesse Hamilton for CoinDesk)

Policy

Regulations

U.S. Banking Watchdog: You Can’t Trust Crypto Firms Until They Get Federal Oversight

The chief of the Office of the Comptroller of the Currency equated the FTX collapse with a well-known 1990s bank failure in arguing for consolidated industry regulators.

By Jesse Hamilton

Mar 6, 2023 at 8:10 p.m. UTC

Mar 6, 2023

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U.S. Sen. Cynthia Lummis (left) and Rep. Patrick McHenry (Shutterstock/CoinDesk)

Policy

Regulations

U.S. Lawmakers Argue SEC Accounting Policy Undermines Safe Crypto Custody

Rep. Patrick McHenry, chairman of the House Financial Services Committee, and Sen. Cynthia Lummis teamed up on a letter questioning regulators about crypto accounting policy.

By Jesse Hamilton

Mar 2, 2023 at 11:39 p.m. UTC

Mar 2, 2023

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Finance

Protego

Crypto Bank Charter Firm Protego Trust Lays Off Most of Its Workforce: Source

Some employees are still in place and the firm’s operations are ready to launch, but money is a problem, said a person familiar with the situation.

By Ian Allison Nikhilesh De

Mar 1, 2023 at 10:13 p.m. UTC

Mar 1, 2023

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U.S. Federal Reserve building in Washington, D.C.

Policy

Regulations

US Banking Regulators Warn Banks About Crypto Liquidity Risks

The Federal Reserve and other agencies issued another statement about crypto market vulnerabilities as a threat to U.S. banking.

By Jesse Hamilton

Feb 23, 2023 at 4:14 p.m. UTC

Feb 23, 2023

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Policy

Regulations

US Watchdog Says Banks Shying Away From Stumbling Crypto Industry

The OCC chief says lenders seem to be backing away from the industry’s recent dramas, and a new report from his regulatory agency criticizes the sector for "weak," risky practices.

By Jesse Hamilton

Dec 8, 2022 at 6:00 p.m. UTC

Dec 8, 2022

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CDCROP: Acting Comptroller of the Currency Michael Hsu testify during a hearing before Senate Banking, Housing and Urban Affairs Committee at Dirksen Senate Office Building August 3, 2021 on Capitol Hill in Washington, DC (Alex Wong/Getty Images)

Policy

Occ

OCC Comptroller: Crypto Companies ‘Don’t Know What They Want to Be When They Grow Up’

Michael Hsu joined “First Mover” to discuss why crypto companies need to provide more clarity on what they offer and be in less of a rush to expand without a “strong foundation.”

By Fran Velasquez

Oct 13, 2022 at 7:08 p.m. UTC

Oct 13, 2022

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