Regulations

(Hervé Cortinat/OECD, modified by CoinDesk)
State of Crypto: FATF's New Guidance Takes Aim at DeFi
The Financial Action Task Force addressed DeFi and NFTs in its new proposed draft guidance, but its new definitions might be extremely broad.
(Hervé Cortinat/OECD, modified by CoinDesk)

President Joe Biden should nominate a new head for the Office of the Comptroller of the Currency in the coming weeks.
State of Crypto: What’s Next for the OCC?
The OCC published a number of crypto-friendly pieces of guidance last year. The next head of this banking regulator could undo this work.
President Joe Biden should nominate a new head for the Office of the Comptroller of the Currency in the coming weeks.

A depiction of NYDFS Superintendent Linda Lacewell, commissioned as part of CoinDesk's Most Influential 2020 series.
State of Crypto: NYDFS Hackathon Is 'Testament' to Crypto's Growth
NYDFS held a two-week event with crypto industry participants to evaluate ways of upgrading its data collection tools and practices.
A depiction of NYDFS Superintendent Linda Lacewell, commissioned as part of CoinDesk's Most Influential 2020 series.

Max Baucus, former U.S. senator and ambassador to China, is joining Binance as an adviser.
Former US Senator Joins Binance as Policy Adviser and Government Liaison
Baucus will guide the crypto exchange in its dealings with U.S. regulators.
Max Baucus, former U.S. senator and ambassador to China, is joining Binance as an adviser.

Rep. Patrick McHenry (R-N.C.)
US Lawmakers Introduce Bill to Clarify Crypto Regulations
The proposed bill would create a working group to evaluate U.S. cryptocurrency regulations with input from the SEC and CFTC.
Rep. Patrick McHenry (R-N.C.)

U.S. Capitol
Federal Credit Union Regulator Should Look at Crypto Rules, Official Says
The NCUA could look at the Office of the Comptroller of the Currency's crypto guidance as an example, Kyle Hauptman said.
U.S. Capitol

The Senate Banking Committee held a hearing to consider Gary Gensler's nomination to run the SEC on Tuesday.
Gensler Straddles Innovation and Enforcement at Senate Hearing
Gary Gensler was careful to strike a balance between emphasizing regulating suspicious behavior as well as encouraging new innovations.
The Senate Banking Committee held a hearing to consider Gary Gensler's nomination to run the SEC on Tuesday.

Rep. Jim Himes (D-Conn.) organized Thursday's hearing on terrorist financing.
Crypto Is Spared Scapegoat Treatment in US Hearing on Terror Financing
Witnesses didn't call for new domestic terror statutes or treat cryptocurrencies as a tool uniquely suited for illicit finance in a U.S. Congressional hearing Thursday.
Rep. Jim Himes (D-Conn.) organized Thursday's hearing on terrorist financing.

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Blockchain Bites: The US vs. Bitcoin?
A CNBC contributor said the U.S. government wouldn't stomach losing the dollar's supremacy to bitcoin. Others say "the ship has sailed" on an outright ban.
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State of Crypto: India and Nigeria's Crypto Crackdowns Continue Old Trends
Both nations hope to prevent banks from providing services to crypto companies.
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