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Rep. Patrick McHenry (R-N.C.) (Suzanne Cordeiro/Shutterstock/CoinDesk) The U.S. Securities and Exchange Commission (SEC) has so far disregarded congressional requests for information on its interactions with crypto platforms seeking registration as exchanges, according to Republican lawmakers in the House of Representatives, who threatened a hearing if theyâre ignored any longer. Rep. Patrick McHenry (R-N.C.), the chairman of the House Financial Services...
The U.S. securities regulator recently proposed requiring investment advisers to keep customersâ crypto assets with âqualified custodiansâ and is now facing wide criticism for the potential future rule. Gary Gensler, chair of the U.S. Securities and Exchange Commission (Evelyn Hockstein-Pool/Getty Images) The U.S. Securities and Exchange Commission (SEC) went too far when itproposed a new ruledemanding investment firms safeguard all...
The Bitcoin mempool was clogged with over 400,000 transactions waiting to be processed on May 7. Crypto exchange Binanceclosed Bitcoin withdrawals on May 7 due to an alleged overflow of transactions on the Bitcoin network. The Bitcoin mempool was clogged with over 400,000 transactionswaitingto be processed at the time of writing. The mempool is known as the âwaiting areaâ for...
The nation's budget will be presented on June 8. Kenya's Finance Ministry, the National Treasury, has proposed a 3% tax on the transfer of digital assets for the coming budget year, according to a Bloombergreportthat cites proposals presented to lawmakers. The nation's budget will be presented on June 8. Kenya elected William Ruto as its President in 2022 when its...
Riot Platforms (RIOT), Marathon Digital (MARA) Could Face Hefty U.S. Crypto Mining Tax Policy The Biden administration is campaigning for a tax first sought in a recent federal budget proposal, advocating that crypto miners pay an amount equal to 30% of their energy costs. (Getty Images) U.S. President Joe Biden is looking to impose a punitive tax on crypto mining...
Rep. Patrick McHenry, chairman of the House Financial Services Committee, says his and the Agriculture panel will meet jointly in May as they work on crypto legislation. AUSTIN, Texas â The U.S. House Financial Services Committee and House Agriculture Committee will put together legislation to oversee the crypto sector in the "next two months" after holding joint public hearings starting...
Dices over newspaper (AbsolutVision/Pixabay) Blockchain data shows long-term holders of bitcoin (BTC) are profitable for the first in almost a year. Historically, renewed profitability for long-term holders has presaged major market rallies. The seven-day average of bitcoin's long-term holder spent output profit ratio (LTH-SOPR) has crossed above 1 for the first time since May 2022, according to data tracking firm...
Total market capitalization has risen 4.9% in the past 24 hours on expectations of Fed easing, some investors said. Bitcoin (BTC) rose to $29,000 in European morning hours on Wednesday, with some investors pointing to expectations the U.S. Federal Reserve will inject money into the economy in the coming weeks after signs of yet another U.S. bank collapse. Bitcoin was...
French Regulator Floats 'Fast-Track' Registration for Incumbents as MiCA Rules Bed in European Union countries are making the transition to a tough new crypto regime set by Brussels. France will align its domestic regime with the EU's MiCA (Pierre BlachĂ©/Pixabay) Existing crypto companies could get a âfast-track regimeâ to new European crypto rules, the countryâs Financial Markets Authority (AMF) said...
ALSO: CoinDesk columnist Daniel Kuhn considers the European Parliament's passage of crypto rules, which come as U.S. regulatory agencies seem to be backtracking in their efforts to find an effective regulatory approach. U.S. Securities and Exchange building (Shutterstock) Good morning. Hereâs whatâs happening: Prices:Bitcoin continued its two-day swoon, dropping below $28K at one point. The head of research at Canadian...
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