3 / 3 Relevant items tagged with #StateOfCrypto

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Crypto Wants a De Minimis Tax Exemption in the U.S.

[Sep 19, 2023 11:30 AM] The leaders of the Senate Finance Committee, Sens. Ron Wyden (D-Ore.) and Mike Crapo (R-Idaho) published an open letter in July asking the crypto industry to weigh in on crypto tax issues, including loans, staking, mining, constructive sales and…

Sam Bankman-Fried Remains Stuck in Jail

[Sep 12, 2023 5:00 PM] Sam Bankman-Fried lost a bid to be released from jail ahead of his trial next month. All hope isn’t lost for him, but time is running out for the FTX founder.

Sam Bankman-Fried Is Now in Jail

[Aug 17, 2023 8:30 AM] It’s a bit of a truism in journalism that any headline that ends in a question that can be answered with “yes” or “no” will usually be answered with “no.” A few weeks ago, however, I asked “Is Sam Bankman-Fried Going to Jail?” and in a r

Campaign-Finance Charges Are Back on the Menu

[Aug 11, 2023 9:30 AM] I didn’t really have anything prepared to write about this week but the Department of Justice is on it. Prosecutors told the judge overseeing Sam Bankman-Fried’s criminal trial that they intend to fold campaign finance allegations into a wire fraud…

Is Sam Bankman-Fried Going to Jail?

[Aug 2, 2023 5:00 PM] Federal prosecutors said they were “seeking detention” for Sam Bankman-Fried, asking a judge to revoke his bond after he shared documents with the New York Times that they allege were meant to harass a fellow executive from the FTX empire and…

Mashinsky's Arrest, Ripple Ruling, Etc.

[Jul 25, 2023 5:00 PM] I was on vacation for the last week-and-a-half but before I left, I sent a list of things to watch for to my colleagues that in hindsight, was wholly inadequate. Anyway, here's my effort to catch up.

Unpacking the Latest Lummis-Gillibrand Bill Draft

[Jul 18, 2023 9:45 AM] U.S. Senators Cynthia Lummis and Kirsten Gillibrand have developed a second draft of their comprehensive crypto regulation bill. Chances are slim that it will, as a single bill, advance to becoming a law, but it may still drive a broader…

Coinbase Goes to Court Against the SEC

[Jul 11, 2023 2:30 PM] Coinbase (COIN) and the Securities and Exchange Commission will meet in court this week. The hearing – the questions asked and the answers given – should provide some hints on how the case may go (for now, anyway).

Will 2023 Be the Year of the Bitcoin ETF?

[Jul 6, 2023 9:30 AM] Excitement over the hoped-for approval of a spot bitcoin exchange-traded fund is back again. This time, financial giant BlackRock’s entrance to the race for an ETF has spurred hope that the Securities and Exchange Commission will approve the…

Reviewing the Tether Documents

[Jun 21, 2023 2:45 PM] Last week, CoinDesk received documents in response to a New York state Freedom of Information Law request about the details of Tether’s reserves. These documents were released two years after our original filing in 2021 and only after a full-blown…

Covering the 2024 Presidential Election

[May 31, 2023 2:30 PM] It gives me no pleasure to report that less than six months into this Congressional term, the 2024 election season has become fully underway. Florida Governor Ron DeSantis (R) officially declared his candidacy last week, though he appears to have…

Excavating the Truth Around the Bitcoin Mining Discourse

[May 24, 2023 3:28 PM] Last year, a group of CoinDesk reporters traveled to Seneca Lake to examine the effect Greenidge Generation – a resurrected power plant that now mines bitcoin – had on the surrounding communities. Though we expected to hear locals say they disliked…

Previewing Congress's Joint Crypto Regulation Hearing

[May 9, 2023 4:33 PM] Over the past several weeks, Congress – particularly the House Financial Services Committee – has held a number of hearings on crypto and its role in the world. Even a hearing supposedly focused on overseeing the U.S. Securities and Exchange…

Unpacking Policy Issues at Consensus 2023

[Apr 25, 2023 9:50 AM] We’ll hear discussions ranging from global regulatory policy around crypto to how industry and lawmakers alike are approaching the question of privacy and privacy tool usage in crypto at CoinDesk's Consensus 2023 conference.

World Regulators Are Looking at DeFi

[Apr 11, 2023 5:02 PM] Decentralized finance (DeFi) is entering regulators’ crosshairs, but they don’t seem to be intent on taking it out – yet anyway. Instead a pair of reports from U.S. and French authorities seem more focused on understanding what sort of risks DeFi…

That Binance Suit Sure Seems Bigger Than Just a CFTC Case

[Mar 29, 2023 2:09 PM] Between Coinbase, Binance, Justin Sun, Do Kwon and Custodia, there has been just so much news over the last week. And that’s largely just the U.S. But Binance is the most interesting, not only for what happened (the Commodity Futures Trading…

Is Ether a Security?

[Mar 16, 2023 5:38 PM] Last Thursday morning, I wondered whether I needed to write a follow-up piece about Silvergate Bank. On Thursday evening, I wondered whether my main topic should instead be about ether potentially being a security. And then, obviously, some things…