US crypto firms are reportedly breaking records in terms of how much they’ve spent on lobbying in 2023. According to a new report by Reuters, the US crypto industry spent a combined $18.96 million on lobbying in the first three quarters of 2023, $2.86 million more than it spent during the same period in 2022. […]
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U.S. Securities and Exchange Commission (SEC) official Hester Peirce is launching another broadside against her agency over its regulation of the crypto sector. While speaking at the Blockchain Association’s Policy Summit this week, Peirce, one of the SEC’s five appointed commissioners, argues that the regulator is bringing enforcement actions against old cases “without clear rhyme […]
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A cybersecurity expert is endorsing Senator Elizabeth Warren’s anti-crypto legislation proposal, saying that it would cut down on scams. According to a new press release, Warren, a Democrat representing Massachusetts, asked cybersecurity expert Steve Weisman during a special Senate hearing on Aging if her proposed legislation would help cut down on crypto scams. Weisman responded […]
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The Blockchain Association, a pro-crypto lobbying group, says new proposed crypto regulations from the U.S. Department of the Treasury will destroy the domestic decentralized finance (DeFi) sector. In August, the Treasury Department and the Internal Revenue Service (IRS) rolled out a new proposal that would lay out new reporting requirements for “crypto brokers.” Crypto broker […]
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