Coin Center filed a lawsuit against the Treasury Department in federal district court — challenging the enforcement of Section 6050I’s reporting mandate. Coin Center, a Washingon, DC-based non-profit blockchain advocacy group, filed a lawsuit against the United States Department of the Treasury for allegedly provisioning an unconstitutional amendment in the controversial infrastructure bill. Coin Center…
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Bitcoin may not make the current monetary and financial system extinct, although its usage will likely vary depending on one’s location. Bitcoin may not mean an end to traditional currency and banking, according to Peter Van Valkenburgh, research director at Coin Center. “I think there’s folks in the Bitcoin community who probably make too many…
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The blockchain industry is looking to shed the negative association between digital assets and crime as the threat of additional regulatory oversight looms. Crypto-focused lobby groups in Washington, D.C. are playing an increasingly vital role in reorienting policymakers away from the view that virtual currencies are used primarily for illegal transactions. Now, they are preparing…
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The crypto exchange cited Coin Center’s work in challenging the proposed FinCEN self-hosted wallet rule as well as the STABLE Act from the U.S. government. Kraken has pledged $100,000 to Coin Center, a cryptocurrency advocacy group based in Washington D.C. In a blog from the crypto exchange today, Kraken said it had donated the funds…
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With Janet Yellen the presumptive Treasury Secretary, Biden’s potential nominations to the U.S. regulatory apparatus will be critical. The crypto lobby seems to be cautiously optimistic about Biden’s potential picks to lead the U.S.’s regulatory environment. That is, at least, according to a Thursday discussion hosted by TRM labs, featuring the executive directors of the…
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