DSG Crypto Regulatory Roundup: November 2023
International Bodies UK to Hit Crypto Users with Penalties for Unpaid Taxes: The Treasury encouraged users to voluntarily disclose unpaid income or capital gains tax from crypto, NFTs, and utility token holdings. More here. FCA Releases Guidance for Compliance: Rules for crypto asset promotion that came into force in the United …
Read MoreSenate Ag Hearing
On November 30, the Senate Ag Committee held a hearing to consider the pending nominations of the Honorable Summer K. Mersinger for a second term as Commissioner of the Commodity Futures Trading Commission (CFTC), as well as Basil Ivanhoe Gooden to be Under Secretary of Agriculture for Rural Development. The …
Read MoreHouse Financial Services Hearing
On November 15, the House Financial Services Committee held a hearing entitled “Oversight of Prudential Regulators.” The witnesses in the hearing were: Michael Barr, Vice Chairman for Supervision, Federal Reserve (Fed) Martin Gruenberg, Chairman, Federal Deposit Insurance Corporation (FDIC) Todd Harper, Chairman, National Credit Union Administration (NCUA) Michael Hsu, Acting …
Read MoreHouse Financial Services Hearing
On November 15, the House Financial Services Committee Subcommittee on Digital Assets, Financial Technology, and Inclusion held a hearing entitled “Crypto Crime in Context: Breaking Down the Illicit Activity in Digital Assets.” Witnesses in the hearing were: · Bill Hughes, Senior Counsel & Director of Global Regulatory Matters, ConsenSys · …
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