Gensler Claims More Crypto Turf in Washington as Dissent Dithers

(Bloomberg) -- Gary Gensler’s Securities and Exchange Commission is filling the crypto regulatory void, and the industry and its backers on Capitol Hill have so far been unable to check him. Most Read from BloombergTurkey Agrees to Back Sweden’s NATO Bid in Boost to AllianceErdogan Just Doomed Turkey's EU MembershipPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetPutin Met Wagner’s Prigozhin After Revolt That Shook RussiaMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven

• 2023-07-11
• Bloomberg Gary Gensler Capitol Hill Republicans Maxine Waters GOP lawmakers The SEC US Senate SEC

Bitcoin and Ethereum Rise as U.S. Lawmakers Scramble to Dodge Historic Debt Default

The potential compromise comes as America’s “X-date” approaches quickly.

• 2023-05-29
• President Joe Biden Capitol Hill Kevin McCarthy debt ceiling Janet Yellen White House agreement in principle

Crypto Slammed in Senate Hearing

Today's hearing came days after the Securities and Exchange Commission's (SEC) $30 million settlement with Kraken and New York Department of Financial Services' (NYDFS) order that crypto platform Paxos stop minting Binance USD (BUSD), a stablecoin pegged to the value of the U.S. dollar. One reason rule-making for cryptocurrencies has proved challenging: They don't exist within a clear regulatory bucket. Whether cryptocurrencies are securities, and therefore should be regulated by the SEC, is a

• 2023-02-15
• Sherrod Brown Senate Banking Committee digital assets Capitol Hill cryptocurrency Lee Reiners SEC