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Browsing Category
Regulations
US adopts crypto in mortgage risks as Fannie Mae and Freddie Mac update asset models
US Federal Housing Finance Agency (FHFA) Director Willian J. Pulte ordered on June 25 that Fannie Mae and Freddie Mac treat cryptocurrency reserves as eligible assets when they measure risk on single-family mortgage loans, effective…
Arizona state won’t buy Bitcoin
HB 2324 heads to the governor’s desk after House vote, establishing a U.S. first: a state-run Bitcoin reserve funded entirely by forfeited digital assetsThe Arizona House of Representatives passed House Bill 2324 on Tuesday, approving…
US academic institutions urge SEC to implement stringent crypto staking rules, oversight
Representatives from multiple universities met with the US Securities and Exchange Commission’s (SEC) Crypto Task Force on June 23 to discuss a staking rulebook.The meeting included representatives from the University of California,…
Senate Banking Committee pushes for rapid legislative action on crypto market framework
The Senate Banking Committee released a seven-point framework for digital asset market structure and heard testimony urging Congress to translate those principles into statute without delay on June 23.Committee Chair Tim Scott and…
Powell reaffirms Fed has no issues with banks conducting crypto activities
Federal Reserve Chair Jerome Powell reaffirmed that the central bank does not object to U.S. banks providing services to cryptocurrency companies or participating in crypto-related activities, so long as they follow established risk…
Fed joins regulators dropping reputational risk factor, clearing banks to serve crypto firms
The Federal Reserve Board on June 23 removed reputational risk from its bank supervision program, ordering staff to strike the term from examination manuals and to concentrate on measurable financial exposures.The Fed move positions the…
Texas could potentially invest up to $2.1B in Bitcoin if it allocates 10% of its treasury fund
Texas Governor Greg Abbott signed the “Bitcoin Reserve Bill” SB 21 into law on June 21, allowing the state to invest an unlimited amount of money from the state’s fund into Bitcoin (BTC).SB 21 creates the Texas Strategic Bitcoin Reserve…
Texas to buy Bitcoin for state reserves long before Trump’s Bitcoin reserve delivers
Texas is now legally empowered to build its own Bitcoin reserve funded with taxpayer dollars before the federal government takes any comparable action.Governor Greg Abbott on Saturday signed Senate Bill 21, a law that explicitly allows…
Coinbase makes history with EU-wide crypto license under MiCA
Coinbase, the largest US-based exchange, has taken a major step in its global expansion by securing approval under the European Union’s Markets in Crypto-Assets (MiCA) regulation, according to a June 20 statement.The exchange confirmed…
Norway eyes crypto mining ban amid local firms’ heavy investments in Bitcoin
Norway is reportedly planning to introduce a temporary ban on the development of new data centres linked to crypto mining, Reuters reported on June 20.According to the report, the government is expected to implement the restrictions…
