CFTC commissioner Dan Berkovitz will become SEC general counsel

Dan Berkovitz, one of three commissioners currently serving at the U.S. Commodity Futures Trading Commission, will be joining the Securities and Exchange Commission as general counsel following his departure in October.
In a Sept.

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Crypto tax ‘a top enforcement priority,’ reminds IRS Commissioner

The United States Internal Revenue Service continues to propose new tax reforms to regulate the crypto investments in the U.S., with the latest notice sharing tax obligations for the marijuana industry.

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Digital dollar advocate will retire as Dallas Fed president

Rob Kaplan, the president and chief executive officer of the Federal Reserve Bank of Dallas will step down from his position after more than six years.
In a Sept. 27 announcement, the Dallas Fed said Kaplan, its 13th president and CEO, would be retiring beginning Oct. 8.

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ETH developer pleads guilty for conspiracy to violate sanctions laws

Ethereum (ETH) developer Virgil Griffith has pleaded guilty to a federal charge that he conspired with North Korea to violate United States sanctions law. 
On Monday, Griffith pleaded guilty in New York for conspiring to violate the International Emergency Economic Powers Act, which forbids U.S.

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Small business advocacy group recommends US congress ‘clarify the status of digital assets’

The U.S. Securities and Exchange Commission, or SEC, has delivered a report to Congress containing recommendations from small businesses seeking regulatory clarification on the role of digital assets. 
In a Sept.

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It’s now or never — The US has to prepare itself for digital currency

Welcome to the world of central bank digital currency, or CBDC, where big countries like China and small countries like the Bahamas are trying to mark their presence. It’s a world where 86% of the world’s central banks are trying to create digital currencies.

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SEC is ‘open to discussion’ when it comes to crypto: Kraken chief lawyer

In the midst of a fraught period for some high-profile United States crypto firms and financial regulators, Kraken’s chief legal officer (CLO) is calling for a dose of pragmatism going forward.

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