Former CFTC Chairman Gary Gensler believes Facebook’s Libra looks – and should be regulated like – a security.
The Congressional hearings on Facebook’s Libra are likely to focus more on the company’s privacy failings than broad crypto policy questions.
The D.C.-based Blockchain Association will now oversee Kik’s “Defend Crypto” campaign, with the added goal of helping other startups fight legal cases.
U.S. lawmakers questioned FinCEN director Kenneth Blanco about potential terrorist use of Facebook’s libra cryptocurrency.
Crypto merchant bank Galaxy Digital has led a $5.5 million Series A for Clause, a digital contract management startup that uses blockchain tech.
Mt. Gox founder Jed McCaleb has been accused in court of hiding issues at the now-collapsed exchange before selling it to Mark Karpeles.
The U.S. House Financial Services Committee has scheduled a hearing on Facebook’s libra cryptocurrency for July 17, one day after the Senate holds its hearing.
The new rules for crypto businesses will be released in June 21 but many regulators are already worried about the repercussions.
House Financial Services Committee Chair Maxine Waters asked Facebook to halt development of its Libra crypto until hearings can be held.
Wall Street watchdog FINRA has sat for as long as 12 months on roughly 40 broker-dealer applications by blockchain startups.