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House Fails to Overturn Biden’s Veto on Crypto Custody Guidance, SEC Offers New Path

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The Security and Exchange Commission’s accounting bulletin 121 (SAB 121) requires companies, including banks, to hold crypto assets for clients as a liability on their balance sheets. This makes it inefficient for large banks to offer crypto custody services. Both the House and Senate passed a bipartisan Congressional Review Act (CRA) resolution to nullify this guidance, […]

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House Financial Services Subcommittee on Digital Assets Tackles Hamas’ Illicit Cryptocurrency

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The House Financial Services Subcommittee on Digital Assets, Financial Technology & Inclusion convened the afternoon of Wednesday, November 15th, to discuss illicit activity in regards to cryptocurrency. Bad actors “We know that bad actors prey on vulnerabilities wherever they can find them,” said Chairman House Financial Services Chairman Patrick McHenry (NC-10). “There’s a bipartisan agreement,

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New U.S. House Speaker Mike Johnson Sparks Hope for Advancing Digital Asset Legislation

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Source: Pexels U.S. Representative Mike Johnson has been elected by his fellow Republicans to serve as the 56th Speaker of the US House of Representatives after three weeks of turmoil and three failed candidates. In a decisive election on October 25, Representative Johnson secured the Speaker’s position with a vote of 220, while his opponent,

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