Rulemaking

Coinbase is accusing Chair Gary Gensler's U.S. Securities and Exchange Commission of improper procedure in its handling of crypto oversight. (Jesse Hamilton/CoinDesk)

The crypto exchange had petitioned for clear rules on digital assets, and the agency rejected the petition in December. Coinbase isn't taking no for an answer.

By Jesse Hamilton

Mar 11, 2024 at 8:53 p.m. UTC

Mar 11, 2024

RegulationsCoinbaseCourt CasesRulemakingSecurities and Exchange Commission

While U.S. Securities and Exchange Commission Chair Gary Gensler celebrated the agency's new dealer rule, DeFi insiders tolled a warning. (Jesse Hamilton/CoinDesk)

Policy

Regulations

U.S. SEC Clears 'Dealer' Rule Expansion That Could Rope in DeFi

The Securities and Exchange Commission approved a final rule Tuesday that DeFi interests call "hostile" to that sector, potentially requiring projects to register as dealers.

By Jesse Hamilton

Feb 6, 2024 at 8:53 p.m. UTC

Feb 6, 2024

RegulationsSecurities and Exchange CommissionDeFiDeFi Education FundRulemaking

Policy

Regulations

CFTC Pushes FTX-Inspired Rule to Protect Customers' Money

Commissioners took a step toward requiring derivatives clearing organizations, a key type of middleman in the industry, to keep their customers' money segregated from their ow...

By Nikhilesh De Jesse Hamilton

Dec 13, 2023 at 10:33 p.m. UTC

Dec 13, 2023

RegulationsCFTCRulemakingDerivativesFTX Collapse

The U.S. Commodity Futures Trading Commission introduced a rule on how firms should invest customer assets, but one commissioner argued it doesn't address crypto platform LedgerX. (Jesse Hamilton/CoinDesk)

Policy

Regulations

Ex-FTX Unit LedgerX in Gray Area Beyond CFTC Proposal on Customer Funds: Commissioner

The U.S. derivatives regulator proposed a new rule for how regulated firms should invest clients' funds, but a CFTC commissioner pointed out it doesn't address LedgerX.

By Jesse Hamilton

Nov 3, 2023 at 6:03 p.m. UTC

Nov 3, 2023

RegulationsCommodity Futures Trading CommissionLedgerXFTXMIHRulemakingClearing and Settlement

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

The U.S. Treasury Department is proposing to tag crypto mixers as a money-laundering concern. (Jesse Hamilton/CoinDesk)

Policy

Regulations

U.S. Treasury Seeks to Name Crypto Mixers as 'Money Laundering Concern'

Under pressure to address reports that Hamas and other terrorist groups are partially funded with crypto, Treasury's FinCEN proposed a rule to categorize mixers as a threat.

By Jesse Hamilton

Oct 19, 2023 at 6:17 p.m. UTC

Oct 19, 2023

RegulationsMixersTornado CashFinCENTreasuryFinancial Crimes Enforcement NetworkRulemaking

The Financial Accounting Standards Board is issuing the first crypto-specific accounting standard for companies with digital assets. (Krisanapong Detraphiphat/Getty Images)

Policy

Regulations

FASB Says Crypto Assets Should Be Marked at Current Values

The U.S. standard-setting organization for accounting has moved to insist companies use “fair-value” accounting to report their crypto holdings.

By Jesse Hamilton

Sep 6, 2023 at 6:40 p.m. UTC

Sep 6, 2023

RegulationsAccountingFASBRulemaking

(Mark Duffel/Unsplash, modified by CoinDesk)

Consensus Magazine

Opinion

SEC’s DeFi Rulemaking Do-Over Falls Short

An attempt at classifying decentralized, open-source protocols as regulated exchanges is a "gussied up ban on blockchain in the U.S.," ConsenSys lawyer Bill Hughes writes.

By Bill Hughes

Jun 12, 2023 at 11:08 p.m. UTC

Jun 12, 2023

OpinionSECGary GenslerSecurities LawRulemaking