January 27, 2023 | Daily Business Review
Federal Reserve Says It Won't Approve Crypto Firm's MembershipEarlier this month, the Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. issued a joint warning about the need to stem risks associated with cryptocurrency assets so that they can't affect the broader financial system.
By Lydia Beyoud, Allyson Versprille and Katanga Johnson
3 minute read
January 17, 2023 | Daily Business Review
Fight to Regulate Crypto at Crossroads as Ripple Ruling LoomsFTX's bankruptcy in November left customers and investors facing billions of dollars of potential losses, and several of the company's executives have been charged with various types of financial fraud.
By Malathi Nayak, Chris Dolmetsch and Allyson Versprille
7 minute read
October 18, 2022 | Daily Business Review
US Regulators Probing Bankrupt Crypto Hedge FundThe Commodity Futures Trading Commission and the Securities and Exchange Commission are now looking into whether Three Arrows Capital violated rules by misleading investors about the strength of its balance sheet and not registering with the agencies.
By Allyson Versprille, Lydia Beyoud and Olga Kharif
4 minute read
October 05, 2022 | Daily Business Review
Crypto Overhaul Fizzles, Leaving Industry, Investors in LimboThe crypto industry has been pushing hard for new laws, saying that current American financial rules, and the government agencies enforcing them, are ill-equipped for digital assets.
By Allyson Versprille
4 minute read
October 04, 2022 | Daily Business Review
Wall Street Watchdogs Want More Power to Police Bitcoin"Innovation without adequate regulation can result in significant disruption and harm to the financial system," Treasury Secretary Janet Yellen said.
By Allyson Versprille
3 minute read
July 26, 2022 | Daily Business Review
Coinbase Faces SEC Probe on Crypto Listings; Shares TumbleU.S. Securities and Exchange Commission Chair Gary Gensler has homed in on trading platforms and argued that they should do more to protect retail investors.
By Allyson Versprille and Lydia Beyoud
4 minute read
March 09, 2022 | Daily Business Review
Biden Pushes for Coordinated Approach to Crypto OversightPresident Joe Biden's order instructs agencies from the Department of the Treasury to the Commerce Department to research a number of topics, including the pros and cons of a potential U.S. digital dollar.
By Allyson Versprille
4 minute read
January 21, 2022 | Daily Business Review
Bitcoin Mining's Hearing in US House Questions Power UsageRep. Diana DeGette said that blockchain technology has promising applications but the mining's energy efficiency and carbon emissions need to be at the forefront of any discussion about cryptocurrency.
By Josh Saul and Allyson Versprille
2 minute read
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