Category: Regulation

Ripple CEO Reveals Discussion With US Treasury Secretary, Says Lawmakers Risk Handing New Sector of Global Economy to Foreign Interests

Ripple CEO Brad Garlinghouse says he’s talked with US Treasury Secretary Steven Mnuchin about how the Trump Administration can responsibly regulate cryptocurrency. In a series of tweets, Garlinghouse says he agrees with Mnuchin’s doubts that crypto can replace the dollar and other fiat currencies – at least in this lifetime […]

Bitcoin’s Price May Rise after Congress Hearings on Facebook’s Libra Сryptocurrency

Investors hold their breath in anticipation of Congress Hearing on Facebook’s Libra set up for July 16-17. What’s in store for Bitcoin? David Marcus, the head of the department that manages Libra project at Facebook, will soon have to testify to the Senate Banking Committee and the House Financial Services […]

US Treasury Secretary: Bitcoin a “national security issue,” cryptocurrency dominated by illicit activity and speculation

Following President Trump’s derisive tweet about Bitcoin, U.S. Secretary of the Treasury Steven Mnuchin held a briefing on regulating Bitcoin and Facebook’s Libra because of their use in criminal activity and the threat they pose to the financial system. An hour ago the U.S. Department of Treasury held a briefing to […]

Released: Facebook’s Testimony for Senate Hearing on Controversial Libra Project

Written testimony by David Marcus, Facebook’s head of blockchain, has been released. Marcus is scheduled to be grilled by Congress on Tuesday and Wednesday at two separate hearings set by the U.S. Senate Banking and House Financial Services Committees, as lawmakers tackle the tech giant’s controversial digital asset Libra, its […]

New York Gives Bitlicense to Crypto Derivatives Provider Seed CX

Photo: Seed CX / LinkedIn The New York Department of Financial Services (NYDFS) granted virtual currency licenses to two subsidiaries of crypto derivatives provider Seed CX. Seed Digital Commodities Market and Zero Hash have received approval from NYDFS Superintendent Linda Lacewell who announced that both companies received BitLicenses, adding that […]

What to Expect When Congress Grills Facebook on Cryptocurrency

The Takeaway Congressional hearings on Facebook’s Libra project are likely to focus more on the company’s privacy failings than on unresolved policy questions for cryptocurrency. Lawmakers will probably also grill Facebook blockchain lead David Marcus on the company’s choice of Switzerland as the home for the Libra Association. Though Facebook […]