March 22, 2024 Presented by the Bitcoin Policy Institute View in Browser - Sign Up Good morning and happy March Madness. This week, we review court sanctions against the SEC, a Congressional oversight hearing, and why the SEC says it needs more funding. Top Points A federal district court sanctioned the SEC for knowingly making misleading statements in its case against a crypto firm; Republicans in Congress took notice. At an SEC oversight hearing, Members debated the policy and process...
over 2 years ago • 7 min read
March 15, 2024 Presented by the Bitcoin Policy Institute View in Browser - Sign Up Good morning. This week, we review a House hearing on digital payments, crypto-related tax proposals in President Biden's budget, and a letter from two Senators opposed to crypto ETFs. For those looking to test their bracketology skills against fellow crypto policy enthusiasts, join the second annual Cap Hill Crypto bracket pool! Password: SATOSHI. Top Points A House Financial Services subcommittee examined the...
over 2 years ago • 9 min read
February 9, 2024 Sign Up - View in Browser Good morning and happy Friday. This week, Treasury Secretary Janet Yellen testified before House and Senate oversight committees, and Rep. Maxine Waters said a stablecoin deal is "very, very, close." Top Points House Financial Services Committee Members discussed FSOC's call for Congress to address regulatory gaps for stablecoins and "crypto-assets that are not securities." HFSC Chair McHenry and House Ag Chair Thompson led a letter to Sec. Yellen...
over 2 years ago • 7 min read
January 26, 2024 Sign Up - View in Browser Good morning and happy Friday. This week, we look at a letter from Rep. Maxine Waters (D-CA) pushing back against Meta's possible expansion into the crypto space, and concerns raised against FinCEN's proposed rule regarding crypto mixing. Top Points Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, sent a letter to Meta CEO, Mark Zuckerberg, expressing concern about the company's recent trademark applications that...
almost 3 years ago • 7 min read
January 19, 2024 Sign Up - View in Browser Good morning and happy Friday. This week's newsletter is dedicated to everyone aspiring to make crypto more than just a "rounding error." Top Points Attorneys for the SEC and Coinbase argued their cases in front of Judge Failla as to whether Coinbase violated federal securities laws. Senators Bill Hagerty (R-TN) and Cynthia Lummis (R-WY) introduced a bill that would create a pilot program for federal agencies and crypto firms to share information to...
almost 3 years ago • 6 min read
August 4, 2023 Good morning and happy first full week of August recess. Top Points Senators Elizabeth Warren (D-MA), Roger Marshall (R-KS) reintroduce the Digital Asset Anti-Money Laundering Act with two new sponsors from last year: Joe Manchin (D-WV) and Lindsey Graham (R-SC). Senators Elizabeth Warren (D-MA), Bob Casey (D-PA), Richard Blumenthal (D-CT), and Bernie Sanders (I-VT) send letter to heads of Treasury and IRS, urging them to quickly implement strong tax reporting rules for crypto...
about 3 years ago • 7 min read
July 14, 2023 Good morning and welcome back to Congress in session. And how about that Judge Torres opinion? Top Points Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced a revised Responsible Financial Innovation Act, covering a broad swath of policy issues and adding consumer protections to last year's version. Rep. Kat Cammack's (R-FL) NDAA amendment to establish a blockchain technology working group at the Department of Defense cleared the House Rules Committee and...
over 3 years ago • 7 min read
June 9, 2023 Good morning and happy Friday. Top Points House Agriculture Committee ("House Ag") and House Financial Services Committee ("HFSC") Chairmen unveiled a discussion draft for regulating digital asset markets. House Ag held a hearing on the proposal, where Democrats appeared receptive to working with Republicans on improving the draft, focusing concerns on the draft's lack of CFTC funding and provisional registration framework. House Energy and Commerce Committee held a hearing...
over 3 years ago • 8 min read
June 2, 2023 Good morning and thank you for subscribing. This week, a special edition, looking at specific use cases in the industry and the policy priorities for those building them. Special Edition - Use Cases Overview From recent Congressional hearings to the White House Council of Economic Advisers Economic Report, policymakers have continued to ask for examples of real world use cases for crypto. Meanwhile, crypto enthusiasts and industry continue to ask policymakers for regulatory...
over 3 years ago • 7 min read
