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“# Crypto is at ‘a fork in the road,’ OCC leader Brooks says ” The latter half of 2020 has seen record Bitcoin (BTC) prices and a number of key regulatory developments, such as the Office of the Comptroller of the Currency’s, or OCC’s, approval of crypto custody at national banks. Legal policy for the digital…
“# Rumored US crypto wallet restrictions: A step toward financial exclusion ” The crypto community has a saying: “Not your keys, not your coins,” which means that if you hold your crypto on a third-party custodial wallet, you don’t truly have ownership of the coins. The entity controlling the private key of the wallet ultimately…
“# With Bill Barr leaving the DoJ, what will the next Attorney General do about crypto? ” In a tweet Monday evening, President Trump announced the departure of William Barr from the office of Attorney General. The announcement comes the same day that the Electoral College convened and confirmed Joe Biden’s victory in the November…
“# Senator-elect wants to spread Bitcoin awareness in the US government ” An unprecedented year, 2020 has sent the global economy into a tailspin in an effort to compensate for COVID-19-related difficulties. If the traditional system collapses, Bitcoin will become vital, according to United States Senator-elect Cynthia Lummis. “If we reach the point where we…
“# ‘Bitcoin never gets hacked’ — crypto players respond to US Treasury breach ” Crypto players were quick to respond to the news that hackers breached the U.S. Treasury Department. According to a report from Reuters, a “sophisticated hacking group” backed by a foreign government — reportedly Russia, according to three people familiar with the…
“# CFTC Chairman Tarbert announces resignation, confirms that Ether is a commodity ” In a Dec. 10 public statement, Chairman Heath Tarbert announced that he will be leaving the Commodity Futures Trading Commission early next year. In listing accomplishments over the course of his term, Tarbert included that: “we have promoted responsible fintech innovation and…
“# BitPay files with OCC to become national crypto-native trust bank ” Bitcoin (BTC) payments giant BitPay aims to form a national trust bank, based on its recent filing with the United States Office of the Comptroller of the Currency. “We confirm BitPay has filed an application with the United States Office of the Comptroller…
“# US gov is Bitcoin’s last remaining adversary, says Messari founder ” Ryan Selkis, co-founder of data and research company Messari, recently released his 2021 crypto sector thesis, examining the state of the industry as well as forecasting what lies ahead. Selkis explains in this report that the U.S. government is one remaining adversary he…
“# World governments agree on importance of crypto regulation at G7 meeting ” Digital asset regulation has been a hot topic in 2020 and shows no signs of cooling. A recent G7 meeting concluded that the sector faces an ongoing need for regulation. In addition to talking about COVID-19 and economic issues, the group “also…
“# OCC leader Brian Brooks: ‘Nobody’s going to ban Bitcoin’ ” Brian Brooks, the head of the Office of the Comptroller of the Currency, said regulators are not looking to “kill” Bitcoin (BTC) but instead ensure its smooth integration into the financial system. In an interview with CNBC’s Squawk Box on Friday, Brooks said: “We’re…