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It was a week of red in crypto and traditional markets, with bitcoin plummeting below $80K on March 10 and ETH falling to $1,821 the same day. So much for the âTrump Bump.â With the new administration on a tariff-tear this week, the markets were spooked about a recession and crypto was not immune.StâŚ
Bitcoin rises as risk sentiment recovers on optimism that the U.S. could avoid a government shutdown. Senate Minority Leader Chuck Schumer said he would support a Republican funding bill set for Friday afternoon, removing the threat of a government shutdown. It marks a reversal in his stance after hâŚ
After years in which crypto insiders desperately sought to get the attention of the U.S. Congress, the pro-digital-assets witnesses at the latest congressional hearing on stablecoins include a senior executive from the Bank of New York Mellon Corp. and a Davis Polk & Wardwell lawyer who spent his caâŚ
The US Senate has passed a resolution to repeal a Biden-era rule that would require decentralized finance (DeFi) protocols to report to the Internal Revenue Service (IRS).The Senate voted 70 to 27 on March 4 to approve a motion to repeal the rule that would expand existing IRS reporting requirementsâŚ
Former FDIC board member Jonathan McKernan is being questioned on Thursday by the Senate Banking Committee on whether he is fit to lead the Consumer Financial Protection Bureau (CFPB). McKernan recently stepped down from the Federal Deposit Insurance Corporation, after President Donald Trump nominatâŚ
US lawmakers in the House of Representatives have advanced a resolution to repeal the âDeFi broker rule,â requiring brokers to report digital asset transactions to the Internal Revenue Service.Set to take effect in 2027, the IRS regulation approved on Dec. 5 would expand existing reporting requiremeâŚ
By Dave Michaels and Vicky Ge HuangRegulators have agreed to drop a lawsuit against Coinbase that sought to regulate the company as a stock exchange, marking the end of years of hard-line enforcement against the crypto market.Coinbase said Friday that enforcers at the Securities and Exchange CommissâŚ
The Texas Senate, the upper house of the state's legislature, is on track to hold a public hearing on the implementation of a strategic Bitcoin reserve on Tuesday. The bill (SB21) was introduced by Senator Charles Schwertner earlier this year. Texas Lieutenant Governor Dan Patrick designed it as oneâŚ
Tether may have to sell non-compliant assets â including bitcoin, precious metals, corporate paper and secured loans â to comply with proposed U.S. stablecoin regulations, according to JPMorgan analysts.The U.S. has introduced two stablecoin bills â the Stablecoin Transparency and Accountability forâŚ
Rostin Behnam, who chaired the US Commodity Futures Trading Commission (CFTC) from 2021 to 2025, has stepped down as commissioner for the financial regulator without a potential replacement nomination from President Donald Trump.In an X post, Behnam said Feb. 7 would be his last day at the CFTC afteâŚ
US Representatives French Hill and Bryan Steil have released a discussion draft for a bill that would establish a regulatory framework for dollar-pegged payment stablecoins in the United States.The legislation would impose a two-year moratorium on issuing an âendogenously collateralized stablecoin,ââŚ
A Wall Street watchdog group is pushing back against the narrative in a US House Financial Services Committee (HSFC) hearing into claims crypto was âin the crosshairsâ of certain financial regulators.In a written statement released ahead of a Feb. 6 hearing of the HSFCâs Oversight and InvestigationsâŚ