Tagged: kristin smith

California Crypto Legislation Vetoed by Governor Newsom

California state legislation focusing on cryptocurrency has been vetoed by Governor Gavin Newsom. The bill,  A.B. 2269, had passed the California Assembly and was presented to the Governor on September 12, 2022. The legislation was vetoed this past Friday (September 23, 2022). The Governor published… Read More

Senator Kirsten Gillibrand and Senator Cynthia Lummis Officially Release Legislation for Digital Asset Regulatory Framework

Senator Kirsten Gillibrand and Senator Cynthia Lummis have officially revealed legislation aiming to create a regulatory framework for the burgeoning digital asset industry. The two Senators have worked for many months on the language of the bill. The legislation has long been rumored with a… Read More

Quadrata Launches Web3 Passport

  Quadrata, a passport network bringing the identity and compliance layer to DeFi applications on existing public blockchains, this week launched their Web3 passport. The Quadrata Passport allows network participants to build DeFi applications, expand financial services and leverage the proprietary technology to initially access… Read More

Grayscale Points to Letter Sent to the SEC Advocating for Bitcoin ETF

The Securities and Exchange Commission (SEC) has consistently denied aspiring exchange-traded products that aim to offer a Bitcoin ETF based on the spot price of the world’s most popular digital asset. Recently, a Bitcoin ETF based on Bitcoin futures was approved but this was effectively… Read More

SEC Investor Advisory Committee Scheduled to Discuss Digital Assets and Investor Protection

The Securities and Exchange Commission (SEC) Investor Advisory Committee will be discussing digital assets or crypto on December 2nd. According to the agenda, a panel discussion will be hosted  entitled “Helping to Ensure Investor Protection and Market Integrity in the Face of New Technologies.” This… Read More

McHenry Slams Infrastructure Bill as Reckless Spending, Notes New Digital Asset Reporting Requirements

The infrastructure bill (H.R.3684) is on its way to becoming law. After a circuitous legislative path that saw extreme left legislative vote against the bill while several Republicans helped to push it across the finish line, a pinnacle of the Biden Administration’s legislative ambitions is… Read More

US Congressman Re-Introduces Bill that Seeks to Protect Blockchain Innovation

Congressman Tom Emmer has reintroduced the Blockchain Regulatory Certainty Act along with Congressman Darren Soto. The legislation aims to address Financial Action Task Force (FATF) proposed guidance that could stifle blockchain innovation in the United States and elsewhere. FATF has advocated for stricter regulation of… Read More

Infrastructure Bill with Language Damaging to Crypto Sector Passes the Senate

Earlier today the US Senate voted on a massive bill that, while labeled infrastructure, included a cornucopia of pet projects and unrelated policy goals. Squirreled away in the legislation was language designed to raise revenue by taxing crypto transactions as well as broadly defining the… Read More

Biden Administration Looks to Help Pay for Infrastructure Plan with Tax Enforcement of Cryptocurrency Transactions

President Joe Biden published more details on the pending infrastructure deal while indicating he intends to offset the substantial cost by various fees including “strengthening tax enforcement when it comes to cryptocurrencies.” In a speech, President Biden said: “This agreement will help ensure that America… Read More

Crypto Rating Council Launched by Big US Exchanges to Create Framework to Assess Digital Assets

A prominent group of digital asset trading platforms have joined together to launch the Crypto Rating Council (CRC)- an entity that will rate digital asset offerings as to whether they qualify as securities under existing US law. The founding members of the Council include: Coinbase… Read More

The Blockchain Association Leads Innovation Advocacy Charge in Washington, DC

There is a lot of debate regarding the efficacy of distributed ledger technology (DLT)/Blockchain and how it will impact financial services as well as other industries. Regardless of your point of view, it is clear that blockchain has compelled established financial firms to up their… Read More

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