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.

The first full day of the new Trump administration brought a wave of new hires by U.S. law firms adding outgoing Biden officials to their ranks.

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

After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets.

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.

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.

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

Donald Trump will be the first president to fully embrace digital currencies — and he’s already anointed his crypto princes

US President Donald Trump’s co-campaign manager for the 2024 election will be joining cryptocurrency exchange Coinbase’s advisory council to address digital asset regulation. In a Jan. 29 notice, Coinbase said former Trump co-campaign manager Chris LaCivita would join former US Senator Kyrsten Sinema,

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

KuCoin pleaded guilty to operating unlicensed in the US, agreeing to pay nearly $300m in fines and exit the market for at least two years.