The change in scope also includes cross-border money transfers even when the money is not accepted or received in the city-state, and the facilitation of the transmission of crypto between accounts and exchanges,
The CFTC Chair was testifying on the regulator’s 2025 budget request.
FinCEN has some concerns about mixers’ use in terrorism. Crypto advocates warn its proposed solution may go too far.
The SEC chair in his own words.
Lawmakers agreed to an amendment from Tom Emmer, a senior House member and vocal crypto supporter, to insert an SEC-blocking provision in their government spending plan.
The Staff Accounting Bulletin 121 said customers’ crypto assets in banks should be held on the banks’ own balance sheets. That should have been a rule, not guidance, the GAO says.