Congress Probes FDIC's Crypto Banking Restrictions in Major Regulatory Investigation
House Oversight Committee demands unredacted documents from FDIC regarding alleged suppression of cryptocurrency businesses through banking restrictions. Chairman James Comer leads investigation into potential regulatory overreach that may have unfairly targeted the crypto sector and pushed innovation overseas.
Montana Lawmakers Reject Landmark Bill for State Bitcoin Investment
Montana's House of Representatives has voted down a groundbreaking bill that would have allowed the state to invest taxpayer funds in Bitcoin and other major cryptocurrencies. The 59-41 vote reflects broader institutional concerns about cryptocurrency volatility and marks a setback for state-level digital asset adoption.
SEC Launches Specialized Unit to Combat Crypto and Tech-Related Fraud
The SEC establishes the Cyber and Emerging Technologies Unit (CETU) to investigate cryptocurrency scams, AI fraud, and cybersecurity threats. Led by Laura D'Allaird, this 30-person team represents a focused approach to balancing investor protection with technological innovation.
SEC Restructures Crypto Unit, Signals Shift in Digital Asset Enforcement
The SEC's cryptocurrency enforcement division undergoes major rebranding to 'Cyber and Emerging Technologies Unit', reducing staff from 50 to 30 specialists. This transformation marks a potential departure from aggressive crypto regulation, while expanding focus to other emerging technologies.
Texas Pioneers State-Level Bitcoin Reserve Initiative with Groundbreaking Bill
Texas lawmakers are considering revolutionary legislation that would establish the state as one of the first to maintain official cryptocurrency reserves. The Senate Bill 21 would authorize the Texas Comptroller's Office to acquire and manage Bitcoin, marking a significant step in state-level digital currency adoption.
SEC and Binance Agree to 60-Day Legal Pause as New Crypto Task Force Forms
A federal judge has granted a temporary suspension in the SEC's lawsuit against Binance while a new regulatory task force reviews cryptocurrency policies. The pause could influence similar cases and signals potential shifts in U.S. crypto regulation.
Congressional Showdown: Waters Introduces Rival Stablecoin Regulation Bill
Representative Maxine Waters challenges Republican proposal with comprehensive stablecoin legislation requiring strict reserves and registration requirements. The bill, developed with input from Treasury and Federal Reserve, aims to protect consumers while fostering innovation in digital assets.
FDIC Releases Internal Documents Exposing Controversial Crypto Banking Restrictions
Federal regulators release 175 internal documents revealing systematic efforts to restrict banks from offering cryptocurrency services in 2022, dubbed 'Operation Chokepoint 2.0.' The disclosure prompts policy reversal as FDIC now plans to allow banks to manage crypto assets without prior approval.
Trump's New Crypto Czar Heralds Digital Asset 'Golden Age' with Regulatory Overhaul
David Sacks, Trump's newly appointed cryptocurrency czar, announces plans for comprehensive digital asset regulation reform aimed at fostering innovation while maintaining U.S. market leadership. The initiative includes establishing clear federal frameworks for cryptocurrencies and stablecoins through a dedicated regulatory working group.
SEC Scales Back Crypto Enforcement as Trump Administration Shifts Regulatory Stance
The SEC is downsizing its cryptocurrency enforcement unit and reassigning staff as part of the Trump administration's push for lighter digital asset regulations. The changes align with executive orders aimed at boosting U.S. competitiveness in crypto markets, though critics warn of reduced investor protections.