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“#DC media group buys NY’s City & State, plans expansion” A DC-based news agency for politicians and bureaucrats has acquired City & State, a media business covering New York state and local politics for elected officials and government workers. Terms of the acquisition by Government Executive Media Group were not disclosed. But the company behind…
“# Rep. Soto seeks to create office to ‘coordinate’ Federal use of blockchain tech ” A new bill filed on Thursday, H.R.9067, seeks to create an office that will “coordinate” federal applications of blockchain technology. Sponsored by Rep. Darren Soto, a Democrat representing Florida’s 9th district, the bill would “establish an office within the Department…
“# Congresspeople chastise the Treasury for rushing new crypto monitoring proposal ” Nine congresspeople have signed on to a letter to Treasury Secretary Steven Mnuchin, telling him to hold his horses. The Thursday letter is in response to the Treasury’s recent proposal to make registered crypto businesses hold on to more customer information, especially when transacting with…
“#Dick Thornburgh, ex-governor and US attorney general, dies at 88” Dick Thornburgh, who as Pennsylvania governor won plaudits for his cool handling of the 1979 Three Mile Island crisis and as U.S. attorney general restored credibility to a Justice Department hurt by the Iran-Contra scandal, has died. He was 88. Thornburgh died Thursday morning at…
“# Heavy hitters of crypto call for users to comment on proposed FinCEN wallet rule ” A number of players are encouraging individuals to speak out against FinCEN’s new crypto rules before comments close next week. Crypto exchange Coinbase and the foundation behind Monero are the latest firms to join in calling for crypto users…
“# BitGo settles with US Treasury over sanctions violations in Iran, Syria and Cuba ” The U.S. Treasury has settled with BitGo over charges that it facilitated users in sanctioned areas to transact using its crypto wallet services between 2015 and 2019. BitGo, an institutional crypto custodian service and wallet operator, did not do due…
“# File comments against new crypto FinCEN rule, Coin Center leader urges ” With the two-week commentary period winding down, Jerry Brito, executive director of non-profit crypto policy advocate group Coin Center, says comments could make a difference in the ultimate outcome of the self-custodied wallet ruling recently proposed by the U.S. Treasury. “Coin Center…
“# Did CBDCs affect the crypto space in 2020, and what’s next in 2021? Experts answer ” It is hard to imagine that just two years ago, the general discourse around central bank digital currencies, or CBDCs, was mainly focused on the potential and possibility of issuing them. Even in 2019, the question was about…
“# A storm is brewing between state regulators and the OCC over fintech licensing ” A leading association of state banking regulators is trying to put the U.S. national banking regulator in its place on the issue of fintech registration. Per a Dec. 22 filing, the Conference of State Bank Supervisors, or CSBS, says the impending approval…
“# Blockchain tech in national elections: An experience from Romania ” For the first time in Romania, the recent national parliamentary elections, which were held in November, used blockchain technology with the main purpose to guarantee the integrity of the electoral process and to strengthen its transparency. The government aimed to ensure tamper-proof and real-time…