The vice chair for supervision seat at the Federal Reserve has been vacant since governor Randal Quarles’ term ended in October 2021. Following the withdrawal of former Federal Reserve Board governor Sarah Bloom Raskin, United States President Joe Biden has announced his intention to nominate former Obama administration official and law professor Michael Barr as…
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Sheila Warren said the addition of Cory Gardner was based on his experience “to build a stronger economy and support innovation” as well as his commitment to Web3 and crypto. Cory Gardner, who served as a United States senator for Colorado from 2015 to 2021, has joined the Crypto Council for Innovation, a crypto advocacy…
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The budget from the Biden administration said modernizing tax rules to include digital assets will bring the government $4.9 billion in revenue in 2023. The United States government’s budget for the 2023 fiscal year included roughly $11 billion in revenue over the next decade from modernizing rules around digital assets. According to U.S. President Joe…
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The crypto exchange declared it spent $120,000 on lobbying activities in the U.S. in the third and fourth quarters of 2021. The Crypto Council for Innovation, or CCI, has announced that Gemini will be joining its list of crypto-friendly firms aimed at supporting lawmakers on related regulation. In a Thursday announcement, the CCI said that…
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The government in Norway is considering ways to limit the environmental impact of cryptocurrency mining and may support Swedish proposals to that end, including a European ban on proof-of-work mining. The European Commission has revealed it is already working to promote a transition to “more sustainable” protocols. Extensive Use of Renewable Energy for Mining Is…
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Authorities in the Chinese province of Hebei have reportedly launched a campaign against cryptocurrency mining and trading. According to a quoted announcement by the region’s cyberspace administration, a number of government agencies are working together to prevent the use of the region’s computing power in the crypto activities which the government considers illegal. Cyberspace Watchdog…
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The Central Bank of the Republic of Turkey has signed agreements with various firms to form the Digital Turkish Lira Collaboration Platform. The Central Bank of the Republic of Turkey (CBRT) has made a major step forward with a research and development project that could see the Turkish lira go digital. On Wednesday, CBRT announced…
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Cointelegraph’s law & policy newsletter is back with a discussion of El Salvador’s effects, Coinbase’s woes, and the digital euro’s prospects. Too much is happening in the realm of crypto policy and regulation to leave the biggest developments of each week without a roundup and at least some conceptual reflection. Starting today, we are getting…
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Biden’s pick to run the SEC has some serious crypto and blockchain chops. President-elect Biden’s team recently unveiled additional folks it plans on nominating for various positions after the inauguration on Wednesday. One key pick is Gary Gensler as Chairman of the Securities and Exchange Commission, or SEC, according to a statement from Biden’s transition…
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Brad Garlinghouse said tech companies have an obligation to contribute to solving societal issues. Brad Garlinghouse, the CEO of blockchain-based payments firm Ripple, disagrees with Coinbase’s new policy restricting its employees from engaging in political discussions at work. Coinbase CEO Brian Armstrong first announced the ‘apolitical’ policy in a blog post on Sep. 27. He…
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