Steptoe Partner Jason Weinstein, on the stage at Consensus 2023 in Austin, Texas, said this latest wave of crackdowns on the crypto industry is the worst he has ever seen.Source …
UK Treasury seeks input on taxing DeFi staking and lending: Finance Redefined
The UK Treasury is seeking input on taxing the DeFi space, and on provisions around staking and lending. Source …
Signature Bank Failed Because of Mismanagement, Contagion, FDIC Report Says
The federal banking regulator said Signature’s exposure to crypto industry deposits was also a contributing factor to its failure.Source …
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SEC Chairman Gensler Releases Another Video Dig at Crypto Industry
Securities and Exchange Commission Chairman Gary Gensler made an investor-education video arguing a systemic lack of compliance in the digital assets sector.Source …
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California county approves blockchain-based digital wallet for gov’t services
Santa Cruz voted to approve the use of a blockchain-based digital wallet for government services and official documentation and is set to begin a pilot program in July 2023. Source …
USDC Stablecoin Strengthened by U.S. Banking Crisis in March, Circle CEO Says
The stablecoin has upgraded its market infrastructure after losing its peg during the crisis.Source …