1 / 1 Relevant items tagged with #Rulemaking

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Coinbase Challenges SEC’s Rulemaking Process, Argues for Clear Regulations on Digital Assets

[Jun 1 6:22 AM] Coinbase, Inc. has escalated its dispute with the Securities and Exchange Commission (SEC) by filing a reply brief in the Third Circuit Court of Appeals, arguing the necessity of clear rulemaking for the digital asset industry. The case underscores…

IRS Unveils Form Your Broker May Send Next Year to Report Your Crypto Moves

[Apr 19 11:50 AM] The U.S. Internal Revenue Services (IRS) has previewed what crypto investors' future tax form might look like when it finishes its much-debated rule on how cryptocurrency transactions should be reported to the federal government.

Coinbase Accuses U.S. SEC of Breaking the Law in Rejecting Crypto Rulemaking

[Mar 11 2:53 PM] Coinbase Inc. (COIN) has accused the U.S. Securities and Exchange Commission of ignoring the law when it rebuffed the company's formal petition for crypto rules, according to a filing Monday in the U.S. Court of Appeals for the Third Circuit.

U.S. SEC Clears 'Dealer' Rule Expansion That Could Rope in DeFi

[Feb 6 2:53 PM] The U.S. Securities and Exchange Commission (SEC) widened its definition of a dealer today to pull many more financial operations into its jurisdiction – including, as it warned in a footnote of its original proposal – those dealing in crypto…

CFTC Pushes FTX-Inspired Rule to Protect Customers' Money

[Dec 13, 2023 4:33 PM]

Ex-FTX Unit LedgerX in Gray Area Beyond CFTC Proposal on Customer Funds: Commissioner

[Nov 3, 2023 12:03 PM] The U.S. Commodity Futures Trading Commission (CFTC) proposed a rule change Friday on how customer funds should be invested by firms the agency oversees – futures commission merchants (FCMs) and derivative clearing organizations (DCOs).

U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin: GAO

[Oct 31, 2023 1:11 PM] The U.S. Securities and Exchange Commission (SEC) was out of bounds when it issued its controversial "Staff Accounting Bulletin 121," according to the Government Accountability Office (GAO). The 2022 guidance, which the industry says threatens…

U.S. Treasury Seeks to Name Crypto Mixers as 'Money Laundering Concern'

[Oct 19, 2023 12:17 PM] The U.S. Department of the Treasury's financial crimes arm is proposing to label crypto mixers as a "primary money laundering concern" in its effort to combat illicit crypto finance, highlighting the terrorist groups that have benefited from…

FASB Says Crypto Assets Should Be Marked at Current Values

[Sep 6, 2023 12:40 PM] The first U.S. accounting rule specifically for cryptocurrency will say that companies must use a fair-value approach that would demand certain digital assets be measured at what they would trade for in the markets, according to the Financial…

US Lawmaker Slams SEC’s ‘Reckless’ Rulemaking — Warns of ‘Lasting Economic Harm’

[Aug 22, 2023 5:30 PM] A U.S. lawmaker has slammed the Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, for “pursuing a reckless, rushed rulemaking agenda with inadequate economic analysis and limited public input.” He warned that…

Republican Congressman Seeks to Oust SEC Chair Gensler With SEC Stabilization Act

[Jun 12, 2023 8:30 PM] Warren Davidson, the Republican congressman who first introduced the legislation in mid-April, has filed the SEC Stabilization Act to remove Gary Gensler, the current chair of the U.S. Securities and Exchange Commission (SEC). Davidson insists the…

SEC’s DeFi Rulemaking Do-Over Falls Short

[Jun 12, 2023 5:08 PM]

U.S. Commodities Agency May Change Risk Rules to Consider Crypto

[Jun 1, 2023 6:28 PM] The U.S. Commodity Futures Trading Commission (CFTC) has proposed an overhaul of its rules for risk management, and Commission Christy Goldsmith Romero said the changes should insist firms prepare themselves for crypto volatility and the risks from…

Coinbase Files Legal Action Against SEC Over Lack of Regulatory Clarity

[Apr 25, 2023 7:00 AM] On April 24, 2023, Coinbase announced that it had filed an action in federal court requesting the U.S. Securities and Exchange Commission (SEC) to respond to their petition. The petition, submitted in July 2022, requested the commission to propose…