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” Fed money printer goes into reverse: What does it mean for crypto? “ The Federal Reserve is starting the process of paring back its $9 trillion balance sheet that ballooned in recent years in a move called Quantitative Tightening (QT). Analysts from a crypto exchange and financial investment firm have conflicting opinions about whether…
” Sam Bankman-Fried could spend up to $1B in 2024 to thwart Trump comeback “ The billionaire founder and CEO of theFTX cryptocurrency exchange Sam Bankman-Fried has revealed he intends to spend anywhere between $100 million and $1 billion to help influence the 2024 United States presidential election campaigns. In a podcast interview on May…
” Coinbase launches new crypto think tank to help shape policies “ Cryptocurrency exchange Coinbase has created a “crypto native think tank” in an attempt to help shape the global conversation around policies for digital assets. The newly formed Coinbase Institute will also publish research on crypto and Web3. Coinbase tapped its Director of Policy…
” CFTC commissioner appoints senior policy adviser experienced in digital asset regulation “ In a Friday announcement, Pham said Keaghan Ames will be her counselor and senior policy adviser at the CFTC starting May 23. Ames worked at Credit Suisse for more than two years as vice president and head of U.S. regulatory policy, which…
” Utah Governor approves of blockchain and digital innovation task force “ After nearly a three-year-long discussion about establishing a task force to oversee blockchain and crypto initiatives, the governor of Utah, Spencer Cox, signed a bill to create the Blockchain and Digital Innovation Task Force. The Utah State Legislature first saw the introduction of…
” US Senate confirms Lael Brainard as Fed vice chair “ After weeks of delays due, in part, to partisan obstructionism, the United States Senate has confirmed the nomination of Lael Brainard, a member of the Federal Reserve’s board of governors, as the next vice chair of the central bank. In a 52–43 vote on…
” President Biden announces former Ripple adviser as pick for Fed vice chair for supervision “ Following the withdrawal of former Federal Reserve Board governor Sarah Bloom Raskin, United States President Joe Biden has announced his intention to nominate former Obama administration official and law professor Michael Barr as the central bank’s vice chair for…
” Former US Senator and House member joins Crypto Council for Innovation “ Cory Gardner, who served as a United States senator for Colorado from 2015 to 2021, has joined the Crypto Council for Innovation, a crypto advocacy group aimed at establishing dialogues with governments and regulatory agencies on the benefits of digital assets. In…
” 11 companies form Canadian Web3 Council to advocate for comprehensive crypto strategy “ A group of financial technology firms has formed the Canadian Web3 Council, a non-profit trade association that will work with policymakers to advance Canada’s position at the forefront of the global digital economy. Bringing together exchange platforms, blockchain projects and tech investors,…
” Crypto tax rules will reduce US budget deficit by $11B over ten years — White House “ The United States government’s budget for the 2023 fiscal year included roughly $11 billion in revenue over the next decade from modernizing rules around digital assets. According to U.S. President Joe Biden’s FY2023 budget, which was released…