U.S.


Policy

SEC's Crypto Guidance Pushes US Banks to Rethink Custody Projects: Report

The regulator suggests that customers' crypto assets should be treated as liabilities by lenders, which could be "prohibitively costly" for banks.

Comisión de Bolsa y Valores de Estados Unidos. (Jesse Hamilton/CoinDesk)

Policy

Coinbase App to Track US Politicians' Crypto-Friendliness Ahead of Midterm Elections

The trading platform's CEO Brian Armstrong says the company wants to help pro-crypto candidates solicit donations from the crypto community.

Coinbase CEO Brian Armstrong (CoinDesk)

Policy

Judge Approves Use of Independent Examiner in Crypto Lender Celsius' Bankruptcy Case

The examiner will be appointed by the U.S. Trustee's office, a Department of Justice entity tasked with monitoring bankruptcies.

Alex Mashinsky, founder and CEO of Celsius Network, at Consensus 2019 in New York (CoinDesk)

Policy

US Tribal Nation Economic Zone Publishes Draft Rules for DAOs

The Catawba Digital Economic Zone proposes allowing DAOs to be organized as unincorporated non-profits or limited liability companies.

One of the initial sites of the Catawba Digital Economic Zone in Rock Hill, South Carolina. (CDEZ)

Finance

Bitcoin Miner Marathon to Start Energizing Texas Rigs at Compute North Facility

The dramatic decline in bitcoin prices led to a $127.6 million impairment on the company's BTC holdings in the second quarter.

Marathon Digital CEO Fred Thiel, at the Bitcoin conference in Miami (CoinDesk)

Policy

US Senate Republican Seeking Bipartisan Support for Stablecoin Oversight Effort

The ranking Republican on the Senate Banking Committee is talking to Democrats, including Chairman Sherrod Brown, to gain broader support.

El senador Sherrod Brown (izq) junto a Pat Toomey (der). (Tom Williams-Pool/Getty Images)

Policy

Huobi Tech Subsidiary Is Granted US Money Transfer License

The license opens the door for the brokerage unit to offer cryptocurrency transactions in the future.

Huobi moves forward with plans to enter the U.S. market. (Aaron Burden/Unsplash)

Policy

Derivatives' Old Guard Fights FTX Chief Over Plan to Cut Out Middlemen

FTX CEO Bankman-Fried testified at a House hearing, defending his CFTC proposal to directly clear customers’ margin-backed derivatives.

CoinDesk placeholder image

Policy

'Failure Should Be an Option,' US Sen. Pat Toomey Says of UST Turmoil

The Banking Committee’s top Republican doesn’t want asset-backed stablecoins tarnished by the UST drama.

Sen. Pat Toomey (R-Pa.) (Kevin Dietsch/Getty Images)

Markets

Coinbase Has No Risk of Bankruptcy, New 10-Q Disclosure Language Is SEC Requirement, CEO Armstrong Says

The new language points out that customers could be treated as general unsecured creditors if there ever were to be such proceedings.

Coinbase CEO Brian Armstrong (Coinbase)

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