The head of the U.S. Internal Revenue Service’s digital assets unit, Trish Turner, is leaving her post for the private sector just as new tax policies are set to potentially bring in a wave of crypto work for the agency. As she departs, it’s unclear who will be running the office that’s been leading the
The crypto world’s biggest and most consequential legal war is finally over. Ripple Labs, a fintech giant, has just closed the book on its nearly five-year battle with the U.S. Securities and Exchange Commission, ending a fight that had become a proxy for the future of cryptocurrency regulation in America. The surprise settlement is being
For more than a decade, cryptocurrency lived in a regulatory gray zone. Loved by libertarians, feared by bankers, and mocked by lawmakers, it was treated like a side project of the internet, too weird to regulate and too volatile to embrace. That era just ended. The U.S. House of Representatives has officially passed the GENIUS
The crypto industry is beginning to see a return on one of its most prescient investments: Donald Trump. On Thursday, the House of Representatives passed three bills that industry supporters believe will bring more legitimacy and predictability to the digital currency space — and that critics warn could enrich the president’s own family and hand
Brussels vs national capitals The Commission has been in talks with Spain over the case since last year. After the complaint, the Spanish government will have two months to respond. After that, the Commission can challenge the Spanish government at the EU’s top court, in a procedure which could last years and result in major
As “Cryptocurrency Week” officially kicked off in the United States, the price of Bitcoin broke through $120,000, setting a new high for the year. The CLARITY Act, GENIUS Act and Anti-CBDC Act, which were intensively reviewed by Congress, sent a strong compliance signal to the entire crypto industry, driving a comprehensive recovery in market sentiment.
Bitcoin is surging once again. And this time, the climb feels different. The world’s largest cryptocurrency continued its dizzying ascent on Friday, smashing through multiple symbolic price thresholds in a matter of hours and setting a new all-time high for the second consecutive day. After crossing $112,000 on Wednesday, Bitcoin has barely paused. On Thursday
Crypto industry insiders including Ripple CEO Brad Garlinghouse outlined their hopes for how the Senate might seek to regulate digital assets markets in the U.S., while Senator Elizabeth Warren shared some of the top Democrat objections during a Wednesday hearing. “For the last decade, the legal and regulatory uncertainty surrounding crypto has prohibited meaningful progress
“Mr. Quarles spent his tenure as a top financial regulator in the United States weakening safeguards for megabanks at the expense of financial stability and the American public,” said Warren, a former U.S. presidential hopeful who is the most senior Democrat on the Senate banking committee. “It would be deeply troubling if this FSB review
The Senate Banking Committee would shut off the Consumer Financial Protection Bureau’s funding stream from the Federal Reserve to provide the vast majority of deficit reduction in reconciliation provisions released Friday. The panel posted an eight-page text that would restrict the CFPB from requesting a transfer from the Fed, according to a section-by-section explanation of