Kellie Mejdrich

The proposal from one of the largest cryptocurrency exchanges in the U.S. is at odds with recommendations from Securities and Exchange Commission Chair Gary Gensler.

“I think we’d be in very uncharted waters,” Gensler said.

The House Rules Committee agreed to a process that would prohibit any amendments from being considered for the infrastructure bill.

The enforcement actions are fueling debate about how cryptocurrency players fit into financial regulations.

And

The amendment would narrow the definition of what counts as a broker in the provision to exclude certain crypto groups, including miners, software developers and transaction validators.

Gary Gensler made clear he believes that some cryptocurrency activity already falls under the SEC’s purview.

And the delta variant puts the administration on the back foot.

Lawmakers want people facilitating trades in Bitcoin and other digital assets to be subject to reporting rules similar to those governing the sale of stocks and other securities.

The senators cited the recent stock price plunge of Beijing-based ride-hailing company Didi Global shortly after its IPO on the New York Stock Exchange.

Warren said “cryptocurrencies currently touch or can ripple through nearly every corner of the financial system.”

Watchdogs are warning that some DeFi activities are probably illegal under federal law and pose serious danger to consumers.

Gurbir Grewal will take the helm of SEC enforcement on July 26, after serving as New Jersey’s top law enforcement official since 2018.

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SEC commissioners voted to fire Duhnke in a closed meeting Thursday, the agency said.

The executive order would extend the restrictions to more firms that operate in China’s defense or surveillance technology sectors.

Bitcoin is the biggest of the virtual assets, which unlike the dollar are distributed outside of government control and often operate on a decentralized basis.

A wave of pandemic-era speculation in Bitcoin and new shell corporations known as SPACs is crashing. Washington policymakers are now scrambling to come to the rescue of investors.

The demand is the latest sign of increased pressure on the SEC chair from progressive political groups.

President Joe Biden wants lenders to help the IRS collect billions in unpaid taxes. Bankers say the plan raises serious privacy concerns.