Federal Reserve Board Governor Christopher J. Waller explained why the U.S. dollar is the dominant currency for cross-border financial transactions and said that such dominance would not be impacted if the United States issues a U.S. government-issued central bank digital currency.
News & Insights
In an interview with Georgetown Law Professor Chris Brummer at D.C. Fintech Week 2022, CFTC Chair Rostin Behnam argued that the CFTC is the best regulator for digital commodities.
SIFMA recommended that Congress craft legislation on regulating digital assets that (i) prioritizes investor protections, (ii) applies a technology-neutral approach and (iii) follows the "same activity, same risk, same regulatory outcome" principle.
A broker-dealer settled FINRA charges for overreporting short interest positions and for related supervisory failures.
Coin Center, a cryptocurrency-focused non profit, sued Treasury and OFAC over the decision to designate the virtual currency mixer Tornado Cash on the Specially Designated Nationals and Blocked Persons List.