SEC’s Uyeda suggests agency withdraw staff bulletin on crypto assets
The Securities and Exchange Commission should withdraw a staff accounting bulletin that changed how banks and other publicly traded entities ...
Tag: Cryptocurrency
Podcast: Breaking down crypto investment scams
Crypto investment scams cost Americans billions of dollars. The scammers start small with confidence or romance scams and gradually work ...
U.S. takes action against Russian crypto exchange
FinCEN said nearly half of the exchange’s activity had links to illicit activity and a greater proportion of transactions with ...
Republican lawmakers urge SEC to rescind crypto accounting restrictions on banks
More than 40 House and Senate Republicans urged SEC Chair Gary Gensler to rescind a staff accounting bulletin that changed ...
FBI: Crypto-related fraud losses increased 45% in 2023
Cryptocurrency-related fraud resulted in more than $5.6 billion in losses in 2023, representing a 45% increase from the previous year, ...
SEC official outlines possible exception for crypto accounting restrictions on banks
An SEC official outlined a scenario in which a bank would not be bound by the restrictions of the SEC’s ...
Basel Committee: Permissionless blockchains pose ‘novel’ risk challenges for banks
Banks that engage in digital asset transactions face risks that may require new approaches to risk management, according to a ...
Proposals in state legislatures target digital assets, CBDCs
At least 35 states have taken up proposed bills on cryptocurrency and other digital assets in 2024, with several states ...
ABA, associations: Uphold congressional vote to overturn SEC treatment of crypto custody assets
ABA and three financial sector associations expressed support for a House attempt to overturn President Biden’s veto of a resolution ...
BCBS approves disclosure framework for banks’ cryptocurrency exposure
The committee set an implementation date for member jurisdictions of Jan. 1, 2026, and plans to publish details later this ...
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