# Is there a right way to regulate crypto? Yes, and this is how

# Is there a right way to regulate crypto? Yes, and this is how

“# Is there a right way to regulate crypto? Yes, and this is how ” Cryptocurrency is becoming increasingly mainstream. Between the entrance en masse of traditional financial institutions — from investment funds, to banks, to insurance companies — to the multitrillion-dollar market capitalization, crypto is truly unignorable.  As such, it is also increasingly on…

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# More IRS crypto reporting, more danger

# More IRS crypto reporting, more danger

“# More IRS crypto reporting, more danger ” The United States Internal Revenue Service classifies crypto as property, meaning you can trigger taxes every time you use crypto to buy something. You might be using it to pay for a Tesla electric vehicle — oh, sorry, that’s not possible anymore — a cup of coffee…

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# Texas regulator allows state-chartered banks to hold Bitcoin

# Texas regulator allows state-chartered banks to hold Bitcoin

“# Texas regulator allows state-chartered banks to hold Bitcoin ” A Texas state regulator has officially affirmed that Texas state-chartered banks are allowed to store cryptocurrencies like Bitcoin (BTC) for their customers. The Texas Department of Banking, a state regulatory agency chartering state banks and supervising financial services, issued a notice on Thursday stating that local…

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# Multi-trillion asset manager State Street launches digital currency division

# Multi-trillion asset manager State Street launches digital currency division

“# Multi-trillion asset manager State Street launches digital currency division ” Multi-trillion dollar asset manager, State Street Corporation, has become the latest financial institution to announce the launch of a dedicated digital finance division. State Street, the second-oldest continually operating bank in the United States, announced the move on Thursday, June 10, highlighting the division’s…

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# Elizabeth Warren compares ‘bogus’ crypto to ‘legitimate’ CBDCs in senate hearing

# Elizabeth Warren compares ‘bogus’ crypto to ‘legitimate’ CBDCs in senate hearing

“# Elizabeth Warren compares ‘bogus’ crypto to ‘legitimate’ CBDCs in senate hearing ” Democratic Senator Elizabeth Warren did not mince words when it came to criticizing crypto, but seemed to consider a federally-backed digital currency as a possible solution to address problems around financial inclusion in the United States. At a Wednesday session of the…

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