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Regulation
The SEC's New Proposal to Redefine 'Dealer' Could Spell Bad News for DeFi
The 200-page proposal is ostensibly about the electronic trading of U.S. Treasurys – but many industry insiders smell a sneak attack against crypto.

Biden Budget Proposal Estimates Additional $11B in Revenues by 2032 by Updating Crypto Rules
The proposal also seeks to expand the DOJ’s budget by $52 million to fight ransomware and combat the “misuse of cryptocurrency.”

Japan to Plug Loophole to Prevent Russia From Evading Sanctions Through Crypto: Report
Reuters reports a number of top government officials promising an imminent change to the country's Foreign Exchange and Foreign Trade Act.

India's Supreme Court Seeks Wallet Info From Suspect in $3.8B GainBitcoin Scam
Ajay Bhardwaj, the brother of Amit Bhardwaj, the primary suspect who is now deceased, has been asked to give his username and password to authorities.

UK Set to Disclose Plans for Regulating Crypto in Coming Weeks: CNBC
Like the EU's framework for crypto assets that is currently making its way through the legislative process, the U.K.'s regulatory efforts may also focus heavily on stablecoins.

White House Wants Public Comments on Crypto’s Energy Use and Environmental Impact
The Office of Science and Technology Policy is crafting a report that will examine where crypto fits into the country’s climate goals.

‘We Have Entered a Period of Pain,’ Says WazirX CEO of India’s New Tax Laws
Nischal Shetty, one of the most prominent figures in India’s crypto industry, talks candidly and at length about what’s at stake with the country’s new tax provisions.

EU's MiCA Bill Moves Forward Without Bitcoin Limiting Provision
The EU's landmark legislative package for governing crypto assets is moving on to the next stage of negotiations without the divisive provision seeking to restrict the use of proof-of-work crypto.

OFAC and FinCEN Lacking Resources for Crypto Regulation
CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De discusses how OFAC and FinCEN budget concerns impact regulators' ability to have cohesive oversight of the space. Plus, a conversation about Fed Chair Jerome Powell and Bank of England Governor Andrew Bailey addressing the need for international coordination of cryptocurrency policy.

Next 24 Hours Crucial for EU Crypto Law as Officials Debate Emissions, DeFi, NFTs
Lawmakers will make a final call on banning Bitcoin-style validation and consider how to treat decentralized finance.
