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“# OCC’s Brian Brooks testifies to the importance of crypto before US Senate ” As part of his statement to the U.S. Senate Committee on Banking, Housing and Urban Affairs, acting Comptroller of the Currency, Brian Brooks, prepared a whole section on crypto assets, including specific mention of stablecoins. “Today, roughly 60 million Americans own some…
“# US central banker urges digital dollar development ” President of the Dallas Federal Reserve Robert Kaplan believes the US central bank should begin work on a digital currency immediately, a clear indicator that some policymakers view this as an urgent matter. Speaking Tuesday at a virtual conference hosted by Bloomberg, Kaplan reportedly said: “It…
“#Can you name the 3 branches of government? This meme offers up some, uh, creative answers.” We’re all a bit exhausted and stressed right now, especially if you’re sitting glued to Twitter. As we move into Thursday with the results of the presidential election still incomplete and crucial battleground state votes trickling in, asking a…
“# Bill Hinman, who spearheaded the SEC’s early crypto guidance, is leaving the commission ” On Wednesday, the Securities and Exchange Commission (SEC) announced the departure of William Hinman by the end of this year. Hinman joined the commission in 2017 and is currently the director of the SEC’s Division of Corporate Finance. He was…
“# Brock Pierce: True decentralization is a way off ” U.S. presidential candidate Brock Pierce believes true decentralization, in its purest form, does not exist today, and is not practical in the near future. He told Celsius founder and CEO Alex Mashinsky in an hour-long #MOIP interview released earlier today that while DeFi, is headed towards…
“# Pomp says US digital dollar needs to happen now ” Recent comments from Jerome Powell, the chairman of the U.S. Federal Reserve, show the American government is not especially concerned with speed when it comes to developing a central bank digital currency, or CBDC. In contrast, Morgan Creek Digital co-founder Anthony Pompliano argues that time…
“# Law Decoded: The rivalry between central banks and global stablecoins, Oct. 9–16 ” Editor’s note Blockchain technology has attracted regulatory attention since its inception. The security of the Bitcoin network despite the value of BTC in play has consistently proved the resilience of blockchain technology in maintaining records across a vast range of parties….
“# Attempting to stifle encryption is a waste of time, suggests Status security chief ” Corey Petty, a chief security officer at Status messenger, told Cointelegraph that he believes there is no way to marry end-to-end encryption with the type of backdoor access law enforcement agencies continue to lobby for. He also believes that any…
“# Better regulation needed to stop crypto tax evaders from running wild ” Antivirus software pioneer John McAfee, the founder of McAfee Associates — the company that released the first commercial antivirus software, McAfee VirusScan, in the late 1980s, contributing to the birth of multibillion-dollar industry — was indicted on five counts of tax evasion…