Regulations

President Joe Biden made good on his vow to veto Congress' effort to overturn a controversial crypto accounting policy from the Securities and Exchange Commission. (Chip Somodevilla/Getty Images)
U.S. President Biden Vetoes Resolution Overturning SEC Guidance
Joe Biden said he would veto the resolution before the House or Senate voted on it.
President Joe Biden made good on his vow to veto Congress' effort to overturn a controversial crypto accounting policy from the Securities and Exchange Commission. (Chip Somodevilla/Getty Images)

Chair Gary Gensler continues to defend his agency's Staff Accounting Bulletin No. 121 on handling crypto. (Jesse Hamilton/CoinDesk)
Wall Street Asks Biden Not to Veto Congress' Rejection of SEC Crypto Policy
Lobbying groups for the U.S. banks sent President Joe Biden a letter asking him to change his mind on his threat to veto the congressional effort to overturn SAB 121. Members...
Chair Gary Gensler continues to defend his agency's Staff Accounting Bulletin No. 121 on handling crypto. (Jesse Hamilton/CoinDesk)

Sen. Ron Wyden, who heads the Committee on Finance, speaks at Consensus 2024. (Shutterstock/CoinDesk)
U.S. Sen. Wyden: House 'Right' to Pursue Crypto Bill, Late in Session for More Progress
The Oregon Democrat has been among his party's crypto sympathizers in the Senate, and he said there's "a long way to go" after this early burst of crypto momentum in Washingto...
Sen. Ron Wyden, who heads the Committee on Finance, speaks at Consensus 2024. (Shutterstock/CoinDesk)

Terraform Labs CEO Do Kwon. (CoinDesk)
Terraform, Do Kwon Agree in Principle to Settle Fraud Case With SEC: Court Filing
Do Kwon is currently out on bail in Montenegro, awaiting extradition to either the U.S. or South Korea.
Terraform Labs CEO Do Kwon. (CoinDesk)

Chris Dixon of a16z Crypto announces another $25 million in U.S. campaign donations at Consensus 2024. (Jesse Hamilton/CoinDesk)
A16z Boosts Crypto's Election Fund by Another $25M to Seek Friendly Congress
After Ripple's similar addition, which put the industry's political action committees over the $100M mark this week, the additional $25M pushes the political influence into ra...
Chris Dixon of a16z Crypto announces another $25 million in U.S. campaign donations at Consensus 2024. (Jesse Hamilton/CoinDesk)

Adrienne A. Harris, Superintendent of NYDFS (Courtesy of NYDFS)
NYDFS Issues New Crypto Firm Guidance for Consumer Complaints
The regulator wants digital asset providers to include policies which cover response and resolution monitoring and reporting.
Adrienne A. Harris, Superintendent of NYDFS (Courtesy of NYDFS)

Rep. Patrick McHenry told a Consensus 2024 audience that crypto law is inevitable by next year. (Shutterstock/CoinDesk/Suzanne Cordiero)
U.S. Lawmaker at Center of Crypto Negotiation Predicts Digital Assets Law by Next Year
Rep. Patrick McHenry – the chief GOP negotiator on crypto legislation – said future policy is now assured by a major bipartisan showing for his effort in the House of Represen...
Rep. Patrick McHenry told a Consensus 2024 audience that crypto law is inevitable by next year. (Shutterstock/CoinDesk/Suzanne Cordiero)

Brian Nelson, U.S. Treasury Under Secretary, Office of Terrorism and Financial Intelligence, U.S. Department of the Treasury, at Consensus 2024. (CoinDesk/Shutterstock)
U.S. Treasury Isn’t Trying to Ban Crypto Mixers, Top Official Says
FinCEN’s 2023 proposal to require crypto companies to report transactions that involved mixing is about transparency, not banning mixers, said Brian Nelson, U.S. Treasury unde...
Brian Nelson, U.S. Treasury Under Secretary, Office of Terrorism and Financial Intelligence, U.S. Department of the Treasury, at Consensus 2024. (CoinDesk/Shutterstock)

Tom Emmer, Majority Whip of U.S. House of Representatives speaks at Consensus 2024. (Shutterstock/CoinDesk)
U.S. House's Emmer Says Best Hope for Crypto Legislation Is Year-End Session
The Republican majority whip, Rep. Tom Emmer, suggested headwinds for a major crypto bill in this waning session, with a best shot in the so-called lame-duck session after the...
Tom Emmer, Majority Whip of U.S. House of Representatives speaks at Consensus 2024. (Shutterstock/CoinDesk)

(Eduardo Castro/Pixabay)
Israel to Start Digital Shekel Challenge to Develop Payment Use Cases
The Bank of Israel has not decided on issuing a digital shekel, even as it continues its yearslong effort to explore its issuance.
(Eduardo Castro/Pixabay)