Biden’s Crypto Crackdown Hits Custodia Bank: Workforce Reductions Announced

In response to the Biden administration’s intensified scrutiny on the crypto industry, Custodia Bank, a notable Wyoming-based financial institution catering to crypto businesses, has recently undergone a significant restructuring.

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Crypto sees massive liquidations amid Biden exit, analysts divided

Biden’s exit from the presidential race shakes the crypto market with major liquidations and diverse analyst predictions on the future.

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Biden out, bull run in? Here’s what analysts think

Biden’s sudden move to abandon the 2024 presidential race could be a “huge boost” for crypto assets, but it may be too soon to get excited about a massive crypto rally.

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Only Donald Trump can save crypto from Joe Biden

Joe Biden’s administration has done everything possible to destroy the crypto industry. That gives crypto advocates just one choice in the 2024 election.

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Joe Biden has vetoed bill aimed at overturning SEC crypto accounting standards

Biden vetoes bill targeting SEC crypto rules, citing concerns over regulatory authority. Crypto industry criticizes Biden’s decision, calls it setback for innovation and financial freedom. The veto raises questions about Biden’s stance on crypto regulation and engagement with industry.

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Has Biden really changed his stance on crypto?

Over the last few weeks, US President Joe Biden has started reaching out to major players in the crypto space, potentially signaling that his administration is walking back their recent crypto crackdown.

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Biden stops crackdown on crypto industry as election approaches

As the U. S. elections approach, Biden’s stance on cryptocurrencies appears to be softening. What is behind this decision, and what can the crypto community expect? Cryptocurrency-related events in the U.

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Cardano Founder Predicts Crypto As Election Game-Changer: Impact On Price

The US crypto industry is engaged in an intense battle against the White House, with tensions reaching a boiling point over the Biden administration’s relentless push for onerous regulations and crackdowns on digital assets.

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Biden’s Veto Threat Looms Over New Crypto Regulation Bill

The SEC faced a setback as the House voted to overturn a key crypto accounting rule. The post Biden’s Veto Threat Looms Over New Crypto Regulation Bill appeared first on BeInCrypto.

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Biden calls for a 30% tax on crypto mining - Should you be concerned?

The U.S. government finds itself in the spotlight once again for its purported focus on the crypto mining industry. President Joe Biden has unveiled plans to revive a tax proposal that could have farThe post Biden calls for a 30% tax on crypto mining - Should you be concerned? appeared first on AMBCrypto.

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Biden opposes agreement that could protect “tax cheats and crypto traders”

U.S. President Joe Biden expressed opposition to a proposal that could result in low taxes for crypto investors, The Hill reported on May 21. Biden wants to cut crypto tax loopholes Following a G7 summit in Hiroshima, Japan, Biden said: “I’m not going to agree to a deal that protects wealth tax cheats and crypto […] The post Biden opposes agreement that could protect “tax cheats and crypto traders” appeared first on CryptoSlate.

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President Biden Digs at Wealthy Crypto Investors 

Coinspeaker President Biden Digs at Wealthy Crypto Investors  Biden’s latest action against crypto has garnered several opposing reactions from the crypto community. President Biden Digs at Wealthy Crypto Investors 

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Biden calls for end to tax loopholes that benefit ‘wealthy crypto investors’

U. S. President Joe Biden called for an end to unspecified crypto tax rules on May 9. On Twitter, Biden posted an infographic that read: “We think Congress should cut tax loopholes that help wealthy crypto investors.

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Biden Budget Plan proposes taxes to reduce crypto wash trades

U.S. President Joe Biden's proposed budget will be released on March 9, including a stipulation to tax loss loopholes on crypto transactions. 

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Biden Executive Order, Ukraine War Present US Lawmakers an Unprecedented Crypto Learning Opportunity

Ukraine’s use of crypto to secure valuable donations and the Biden Administration’s Crypto Executive Order will allow the industry to show how digital assets can be a force for good.

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President Biden could sign crypto executive order this week

Amidst the pressures on crypto companies to discontinue their services in Russia, the President of the United States, Joe Biden, will soon sign an executive order that’ll pave the way for crypto regulations, according to a Bloomberg report.

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Biden gearing up to issue executive order on crypto regulation

US President Joe Biden will reportedly issue an executive order in the week of February 21st, which will direct state agencies to begin formulating a government-wide plan to regulate crypto assets.

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Biden’s coming for your crypto, stricter rules, and higher taxes on the way?

Last week, under a “national security memorandum,” the Biden administration said it would analyze crypto with the intent to build a regulatory framework. The post Biden’s coming for your crypto, stricter rules, and higher taxes on the way? appeared first on CryptoSlate.

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President Joe Biden Freezes Former Secretary Mnuchin’s Proposal on ‘Unhosted’ Crypto Wallets

President Joe Biden is in full work mode right from the day of his inauguration as he froze all agency rulemaking pending further review, as per the memorandum published on Jan 20, 2021. The good thing for the cryptocurrency market is that it includes the proposal made by former Treasury secretary Steve Mnuchin on “unhosted […] The post President Joe Biden Freezes Former Secretary Mnuchin’s Proposal on ‘Unhosted’ Crypto Wallets first appeared on BitcoinExchangeGuide.

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Why Joe Biden’s presidency could be a fresh start for crypto

The Biden administration’s first decisions and appointments look promising for the crypto industry as a whole so far. The post Why Joe Biden’s presidency could be a fresh start for crypto appeared first on CryptoSlate.

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Proposed crypto wallet rules among those halted by President Biden

President Biden has frozen all in-process rules including the Financial Crimes Enforcement Network (FinCEN)… The post Proposed crypto wallet rules among those halted by President Biden appeared first on Coin Journal.

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President Biden Temporarily Suspends FinCEN’s Proposed Crypto Wallet Rule

President Joe Biden has mandated all federal agencies in the United States to temporarily suspend all in-process regulations pending when they have been thoroughly reviewed by members of his cabinet.

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President Biden Freezes FinCEN’s Controversial Crypto Wallet Proposal

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Former Ripple advisor set to become Comptroller of the Currency: WSJ

President Joe Biden looks set to appoint another former crypto executive to head up the Office of the Comptroller of the Currency.

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President Biden freezes FinCEN's proposed crypto wallet regulations

President Joe Biden has frozen all regulatory processes including proposed FinCEN rules detrimental to the crypto industry.

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Proposed Crypto Wallet Rule Among Those Frozen by Biden Pending Review

Crypto advocates, fiercely opposed both the proposed rule and the initial attempt by the previous administration to rush it through.

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President Biden and Crypto: What You Need to Know

Nerves and Release Joe Biden’s inauguration today was met with fanfare and nerves. After the Jan 6 attack on the Capitol building in Washington, there was a bit of tension in the air. Eugene Goodman, a Capitol police officer who calmly and singlehandedly kept an angry group at bay, was in attendance.

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Treasury Secretary nominee Janet Yellen warns of crypto crime

Biden’s Treasury pick Janet Yellen appeared before the Senate yesterday as part of the… The post Treasury Secretary nominee Janet Yellen warns of crypto crime appeared first on Coin Journal.

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State of Crypto: What the Crypto World Should Watch for in the Biden Era

The incoming president has already announced he would tap pro-crypto, pro-regulation Gary Gensler to lead the SEC, but other issues remain.

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Biden Confirms Gary Gensler As SEC Chairman – What’s In Store For Bitcoin And Crypto?

Did you hear a few days ago that former CFTC Chairman Gary Gensler could be the next SEC chairman? Well, it is now confirmed that he will be taking over from Jay Clayton as the head of the U. S. Securities and Exchange Commission.

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Biden team announces pick to lead SEC

Biden’s pick to run the SEC has some serious crypto and blockchain chops.

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FinCEN Extends Public Comments Period on Crypto Regulation by 45 Days; Into the Biden Administration

FinCEN cites "the robust responses" provided so far for extending the comment period on its proposed rule. The post FinCEN Extends Public Comments Period on Crypto Regulation by 45 Days; Into the Biden Administration first appeared on BitcoinExchangeGuide.

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What Crypto Can Expect From Gary Gensler at the SEC

A ex-CFTC official on how Biden's putative pick for SEC head might approach the office and the crypto-related issues before it.

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Crypto Community Expects Bitcoin to Surge Amid Biden’s $3 Trillion Stimulus Plan

Several reports have emerged regarding the plan to have a $3 trillion relief and infrastructure package amid the Covid-19 pandemic, to be implemented by the newly-elected president of the United States, Joe Biden.

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Crypto Advocates Think Joe Biden’s $3 Trillion Stimulus Plan Will Bolster Bitcoin

According to various reports, U. S. President-elect Joe Biden is planning to create another $3 trillion for Covid-19 relief and infrastructure. The massive stimulus plan and the backers behind the Biden administration have made crypto proponents believe that bitcoin will prosper greatly.

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Where does the incoming Treasury Secretary stand on crypto?

President-elect Joe Biden recently put forward Janet Yellen’s name to serve as the Secretary… The post Where does the incoming Treasury Secretary stand on crypto? appeared first on Coin Journal.

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Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator Warns

The top U. S. banking regulator is concerned that the Biden administration may roll back some cryptocurrency regulations aimed at protecting consumers. This includes allowing national banks to custody crypto assets put in place during the Trump administration.

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Mike Novogratz Hopes Biden Administration to Provide Favorable Crypto Regulations

Continue reading at Coinspeaker

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Biden and Yellen will crack down on crypto 'criminal cesspool' — Nouriel Roubini

In his latest ill-fated tweet, "Dr. Doom" Roubini spells out the death of cryptocurrency again, just as XRP gains 35% and Bitcoin aims for new all-time highs.

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Novogratz hopes Biden admin reverses Trump's anti-crypto stance

Galaxy Digital CEO calls Trump’s crypto policies “anti-dollar” and “anti-innovation.”

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Crypto lobby considers ideal Biden picks for SEC, CFTC, OCC

With Janet Yellen the presumptive Treasury Secretary, Biden's potential nominations to the U.S. regulatory apparatus will be critical.

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Circle CEO On Why The Biden Administration Will Likely Warm Up To Bitcoin

Circle CEO Thinks The Biden Administration Will Warm Up To Crypto And Probably Adopt A Crypto-Focused Growth Strategy The incoming White House administration will likely embrace the crypto technology, says Jeremy Allaire.

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Biden ignoring crypto would be a best case scenario

With the US election in the books and Joe Biden set to become the 46th president of the United States, Freewallet’s Solomon Brown suggests it’s a good time to look at what kind of impact the incoming administration is likely to have on the digital finance industry in America.

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Biden Administration Will ‘Ultimately Be Supportive’ of Crypto: Circle CEO

Oon CNBC’s ‘Squawk Box’ on Monday, Allaire spoke about the regulatory attitudes toward stablecoins and how the incoming administration may treat crypto.

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Biden team will boost crypto's role in US infrastructure, says Circle CEO Allaire

Allaire also sees political moderation as the best scenario for continued crypto development.

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Waters Tells Biden to Rescind OCC Crypto Guidance; May Be Part of Anti-Trump, Anti-Crypto Offensive

The head of the House Financial Services Committee wants President-elect Biden to to rescind guidance by the OCC that national banks may hold stablecoin reserves as a service to bank customers.

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Ripple Reconsidering US Exit, Plans to Monitor Regulations Under Biden Admin

Ripple says it is keeping its powder dry regarding reports of the company’s plan to exit the US amid unfavorable regulations. The blockchain firm and majority holder of the XRP cryptocurrency continues to be at the center of legal disputes about whether its distribution of the crypto constitutes the sale of unlicensed securities.

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What would Commerce Secretary Andrew Yang mean for crypto?

A CNN report suggests Yang may be on the short list for a position in Joe Biden's cabinet.

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Biden to Tap Former Fed Chair Janet Yellen as Treasury Secretary

Former Fed Chair Janet Yellen is expected to be tapped to run the Treasury Department, where she would oversee federal agencies that impact crypto.

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