The Node

(White House, modified by CoinDesk)
Will Biden Get the Final Say Over a Controversial Crypto Accounting Rule?
Critics of SAB 121, introduced in March 2022, have called the rule “obscure,” a “diktat” and a “pernicious weed.”
(White House, modified by CoinDesk)

(Shaleah Craighead/Wikimedia Commons, modified by CoinDesk)
Crypto Is an Election Issue This Year. Is That a Good Thing?
A new DCG-funded survey found one-in-five voters think crypto is a key issue in U.S. elections this November.
(Shaleah Craighead/Wikimedia Commons, modified by CoinDesk)

Visa headquarters in Foster City, California. (Wonderlane/Creative Commons)
What Visa’s ‘Organic’ Stablecoin Report Misses
A new metric co-developed by the payments giant says only 10% of stablecoin transactions in April were “real” or “organic.” But the methodology appears to leave out some key...
Visa headquarters in Foster City, California. (Wonderlane/Creative Commons)

(Jesse Hamilton/CoinDesk, modified)
The SEC Can’t Stop Suing Crypto Companies
Robinhood apparently made strenuous efforts to comply with the agency, even applying to become a special purpose crypto broker-dealer. The SEC is likely to sue for alleged sec...
(Jesse Hamilton/CoinDesk, modified)

(engin akyurt/Unsplash)
The Dollar Won, but Might the U.S. Lose Control of the Dollar?
We have a world currency already: it's the dollar. Do we want to keep it that way?
(engin akyurt/Unsplash)

(Photos from Smorshedi/Wikimedia Commons and CoinDesk/Flickr, modified by CoinDesk)
CZ’s Trial Proves It Pays to Cooperate
His four-month sentence was vindication for the Binance founder’s legal strategy.
(Photos from Smorshedi/Wikimedia Commons and CoinDesk/Flickr, modified by CoinDesk)

(Autumn_ schroe/Unsplash)
Wasabi Wallet and Phoenix Leave the U.S.; What’s Next for Non-Custodial Crypto?
Following DOJ action against Samourai Wallet and a possible Metamask investigation, Wasabi Wallet and Phoenix are closing their U.S. offerings. Is non-custodial crypto under t...
(Autumn_ schroe/Unsplash)

ConsenSys founder Joseph Lubin is also a co-founder of Ethereum. (CoinDesk)
Consensys, a Target for the SEC’s Assault on ETH, Is Fighting Back
The Ethereum development company is seeking regulatory clarity on a number of questions, in a case that some experts see as potentially heading to the Supreme Court.
ConsenSys founder Joseph Lubin is also a co-founder of Ethereum. (CoinDesk)

Profiting from a crypto mixer is likely illegal, experts say. (Wikimedia Commons)
Samourai Wallet Charges Raise Existential Questions for Privacy Tech
Co-founders Keonne Rodriguez and William Lonergan Hill are charged with money laundering related to the privacy-protecting wallet.
Profiting from a crypto mixer is likely illegal, experts say. (Wikimedia Commons)