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Crypto Industry and Biden Administration Clash Over SEC Bulletin on Digital Asset Custody Accounting

A battle is brewing between the crypto industry and the Biden administration over a non-binding resolution passed in the U.S. House. The resolution demanded that the Securities and Exchange Commission (SEC) retract a staff bulletin on digital asset custody accounting, with the aim of promoting innovation in the digital

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White House to Nominate Kristin Johnson as Assistant Secretary for Financial Institutions

The White House plans to nominate Kristin Johnson, a Democratic Commissioner at the Commodity Futures Trading Commission (CFTC), for the role of Assistant Secretary for Financial Institutions at the U.S. Treasury Department. Johnson received support from Maxine Waters, the Ranking Democrat of the House Financial Services Committee, and her