President Donald Trump begins his presidential term. He touts plans to make America “the world’s crypto capital,” but his predecessor Joe Biden’s stance on crypto was more ambivalent.

After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets.

Jim Biden’s activities have been investigated in recent years in two federal criminal probes, as POLITICO has reported.

The U.K. daily Financial Times (FT) reported on the 25th (local time) that the SEC has revoked the cryptocurrency custody accounting guideline 'SAB 121' on the 23rd. This guideline is characterized by requiring financial institutions to reflect cryptocurrencies held for customers as liabilities on the balance sheet.

The U.S. Securities and Exchange Commission (SEC) has removed a hurdle that had kept U.S. banks from adopting Bitcoin (BTC) and other cryptocurrencies. The Wall Street regulator has eliminated an accounting rule that forced banks to treat Bitcoin

Katie Barlow discusses the Securities and Exchange Commission recently suing Elon Musk over his purchase of social media app, Twitter.

Incoming President Donald Trump will have the chance to appoint most of the directors who oversee America's biggest public utility after President Joe Biden failed to get TVA board nominees confirmed by the U.

WASHINGTON – Lina Khan, who until Monday was an aggressive enforcer of antitrust law as the head of the U.S. Federal Trade Commission under former President Joe Biden, will resign from the ...

While Trump’s pick to lead the SEC, Paul Atkins, is still awaiting US Senate confirmation, acting chair Mark Uyeda and another Republican commissioner, Hester Peirce, have put the regulator on a more crypto-friendly track, forming a task force and dismantling SAB 121.

Critics of the guidance said it effectively prevented banks from holding digital assets in custody and evaded normal commission rulemaking. Congress passed a measure repealing the guidance in May but former President Joe Biden vetoed it.

White-collar lawyer and former U.S. attorney Neil MacBride has rejoined Davis, Polk & Wardwell following a two-year stint as general counsel to the U.S. Treasury Department, the firm said Monday.

President Donald Trump signed an executive order aimed at fighting what he described as radical indoctrination in public schools in a move to advance patriotic education