Congress

U.S. Rep. Patrick McHenry got tied up as temporary Speaker of the House, distracting him from crypto legislation. (Jesse Hamilton/CoinDesk)

Republican Rep. French Hill and Democrat Rep. Jim Himes see potential future floor votes for crypto bills being key to convincing the Democrat-controlled Senate to play ball.

By Jesse Hamilton

Nov 30, 2023 at 9:47 p.m. UTC

Nov 30, 2023

HouseCongressLegislation

U.S. Deputy Secretary of the Treasury Wally Adeyemo has campaigned Congress to provide new authorities to oversee crypto outside the U.S. (Suzanne Cordiero/Shutterstock/CoinDesk)

Policy

Regulations

U.S. Treasury Campaigning for Amplified Powers to Chase Crypto Overseas

A top official has asked members of Congress for new laws to extend the Treasury's crypto reach beyond its existing enforcement and sanctions abilities.

By Jesse Hamilton

Nov 29, 2023 at 7:57 p.m. UTC

Nov 29, 2023

RegulationsTreasuryTetherSanctionsCongresslobbying

Crypto advocate Peter Van Valkenburgh argues the IRS' extended reporting requirements violate the First and Fourth Amendments. (Coin Center)

Consensus Magazine

Opinion

‘We're Not Asking for Special Treatment’: Coin Center on the Proposed IRS Broker Rules

Peter Van Valkenburgh on why the crypto industry has responded with 120,000 comments to the controversial new tax regulations.

By Daniel Kuhn

Nov 14, 2023 at 7:51 p.m. UTC

Nov 14, 2023

OpinionTax Week 2023BrokersIRSTreasury DepartmentCongress

U.S. Rep. Tom Emmer, House majority whip, is seeking to use a budget bill to halt crypto enforcement actions from the Securities and Exchange Commission. (Jesse Hamilton/CoinDesk)

Policy

Regulations

U.S. House's Spending Bill Aims to Hamstring SEC's Gensler Amid His Crypto Crackdown

Lawmakers agreed to an amendment from Tom Emmer, a senior House member and vocal crypto supporter, to insert an SEC-blocking provision in their government spending plan.

By Jesse Hamilton

Nov 8, 2023 at 11:58 p.m. UTC

Nov 8, 2023

RegulationsSecurities and Exchange CommissionTom EmmerLegislationHouse of RepresentativesCongress

US Capital building (Matt Anderson/Getty Images)

Policy

Tether

U.S. Bill Proposes Outlawing Government Use of China-Made Blockchains and Tether's USDT

Government officials would no longer be able to use networks developed by China that power crypto transactions, according to a new bipartisan bill.

By Elizabeth Napolitano

Nov 8, 2023 at 10:20 p.m. UTC

Nov 8, 2023

TetherChinaCongress

U.S. Rep. Brad Sherman (D-Calif.) cited discredited figures about crypto funding of terrorist groups at a congressional hearing, despite vigorous pushback from the industry on those stats. (Chip Somodevilla/Getty Images)

Policy

Regulations

Discredited Crypto Terrorist Funding Figures Gain Fresh Life in House Hearing

Recent reports that terrorism organizations such as Hamas pocketed as much as $130 million in crypto funding have been proved incorrect but were resurrected in Congress today.

By Jesse Hamilton

Nov 2, 2023 at 7:29 p.m. UTC

Nov 2, 2023

RegulationsTerrorismTerrorist FinancingHamasPalestiniansIsraelCongressBrad Sherman

Policy

Analysis

U.S. SEC's Knock From Congressional Watchdog May Not Budge Crypto Accounting Policy

Even if the agency is forced by the GAO finding to submit its Staff Accounting Bulletin 121 to Congress for review, lawmakers probably won't strangle the policy, according to...

By Jesse Hamilton

Nov 2, 2023 at 3:21 p.m. UTC

Nov 2, 2023

AnalysisAccountingGovernment Accountability OfficeSecurities and Exchange CommissionRegulationCongress

Kalshi is suing the U.S. Commodity Futures Trading Commission. (Jesse Hamilton/CoinDesk)

Policy

Regulations

Prediction Market Kalshi Sues U.S. CFTC for Denying Its Contracts for Congressional Elections

The CFTC denied a valid hedging option when it rebuffed a plan to offer event contracts for traders to bet on political outcomes, the company said.

By Jesse Hamilton

Nov 1, 2023 at 10:42 p.m. UTC

Nov 1, 2023

RegulationsCongressPrediction MarketsKalshiCommodity Futures Trading Commissionlitigation

Chair Gary Gensler's U.S. Securities and Exchange Commission has insisted that its accounting policies for crypto didn't need to be treated as a formal rule, but the Government Accountability Office disagrees. (Jesse Hamilton/CoinDesk)

Policy

Regulations

U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin: GAO

The Staff Accounting Bulletin 121 said customers' crypto assets in banks should be held on the banks' own balance sheets. That should have been a rule, not guidance, the GAO s...

By Jesse Hamilton

Oct 31, 2023 at 7:11 p.m. UTC

Oct 31, 2023

RegulationsAccountingSecurities and Exchange CommissionGovernment Accountability OfficeRulemakingCongress

Just a couple of months after Coinbase launched a U.S. advocacy group for crypto enthusiasts, organizers say it's brought in $2 million and sent 16,000 messages to U.S. lawmakers. (Nikhilesh De/CoinDesk)

Policy

Regulations

Coinbase-Backed Advocacy Group Enlists Crypto Masses, Raises $2M From 80,000

Stand With Crypto, the campaign that's meant to bombard lawmakers with crypto supporters in their own backyards, says it's off to a fast start (with a lot of help from Coinbas...

By Jesse Hamilton

Oct 31, 2023 at 3:00 p.m. UTC

Oct 31, 2023

RegulationsCoinbaselobbyinglawmakersCongressLegislationExclusive