US House Ways and Means chairman asks the GAO to check out crypto in retireme...
It will look at the use and oversight of crypto in 401(k) and similar plans, which is controversial in many parts of the government. Chairman of the United Sates House of Representatives Ways and Means Committee Richard Neal sent a letter to the Government Accountability Office (GAO), a legislative branch watchdog, asking the agency to weigh in on the use of cryptocurrency in retirement plans. Defined contribution plans, such as the 401(k), are increasingly allowing savers to incorporate cryptocurrency in their plans, the lawmaker said, and concerns have arisen over crypto’s volatility and....
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People are constantly looking for new ways to use the Bitcoin Blockchain technology for regular uses. It is already being used for proof of existence, data management and it will soon be integrated into electoral system as well. There is another sector which we have not dealt with before and that is the real estate industry. I came across a nicely written piece in one of the online magazines where the author talks about the use of Blockchain technology in real estate and how it can make your house hunting and moving in process easier. The author explains the struggle people have to go....
The new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is pushing for more regulation around cryptocurrency exchanges, citing the need for investor protection in this area. He has asked Congress to weigh in. SEC Chairman Pushes for More Crypto Regulation SEC Chairman Gary Gensler talked about cryptocurrency regulation on Thursday at a Financial Industry Regulatory Authority (FINRA) conference. FINRA is a government-authorized not-for-profit organization that oversees U.S. broker-dealers. “At the SEC, we are focused on going after misconduct wherever we....
Jay Clayon is stepping down as chairman of the Securities Exchange Commission. Here’s what that means for crypto and traditional markets.
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, revealed that he has asked staff at the SEC to fine-tune compliance for crypto tokens and intermediaries. He emphasized that the vast majority of crypto tokens are securities.
SEC Chairman Gary Gensler on Crypto Regulation
Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), talked about crypto regulation and compliance at the Practising Law Institute’s SEC Speaks conference Thursday.
Noting that the core principles of the SEC’s statutes apply to....
Federal Reserve Chairman Jerome Powell confirmed during a hearing before the House Financial Services Committee that he has no intention to ban or limit the use of cryptocurrencies. He also commented on the regulation of stablecoins. Powell Says ‘No Intention to Ban’ Crypto The chairman of the Board of Governors of the Federal Reserve System, Jerome Powell, talked about cryptocurrency, stablecoins, and central bank digital currencies (CBDC) during a hearing before the House Financial Services Committee Thursday. The main focus of the meeting, however, was the Federal....