federal

Rep. Waters calls on Biden to reverse policies that let banks custody cryptocurrencies and stablecoin reserves

Federal Reserve publishes long-awaited central bank digital currency report

The US Fed’s long-awaited report on central bank digital currencies dropped Thursday afternoon. Framed as a discussion paper, the Fed notes in its introduction release that it “examines the pros and cons of a potential U.S. central bank digital currency, or CBDC.” “It invites comment from the public and is the first step in a …

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California man to serve three years in federal prison for illegal bitcoin exchange and money laundering

California man to serve three years in federal prison for illegal bitcoin exchange and money laundering

advertisement A California man who in February agreed to plead guilty to felony charges of money laundering and operating a crypto exchange without proper licensure has been sentenced to three years in federal prison, according to a release from the U.S. Department of Justice. As The Block previously reported, Hugo Sergio Mejia operated a Bitcoin-to-cash …

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Federal Reserve official set to lead U.S. banking regulator: reports

Federal Reserve official set to lead U.S. banking regulator: reports

Treasury Secretary Janet Yellen is reportedly set to name a Federal Reserve official to take over at the U.S. Office of the Comptroller of the Currency on an acting basis, according to reports from the Wall Street Journal and Politico.  Yellen has reportedly tapped Michael Hsu, who currently serves as an assistant director at the …

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Federal Reserve Bank of Boston’s Bench says the U.S. ‘better be ready’ for a future digital currency issuance

Federal Reserve Bank of Boston’s Bench says the U.S. ‘better be ready’ for a future digital currency issuance

The Federal Reserve — the U.S. central bank — has no immediate plans to launch a digital currency. But that doesn’t mean it shouldn’t be ready when that day comes, according to Robert Bench, assistant vice president in the secure payments group at the Federal Reserve Bank of Boston. During a recent webinar hosted by …

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An analysis of U.S. federal databases and blockchain-related mentions

An analysis of U.S. federal databases and blockchain-related mentions

Quick Take Federal databases provide valuable information on various industries The Block looked at the databases of the SEC, the U.S. Congress, and the United States Patent and Trademark Office to gain insights into cryptocurrency trends This research piece is available to members of The Block Genesis. You can continue reading this Genesis research on …

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