State of Crypto

The IRS wanted to know about Coinbase's customers a few years ago. Now it's looking at Circle (and Poloniex, which hasn't been part of Circle since 2019).
State of Crypto: The IRS Sets Its Sights on Circle
The IRS has issued a John Doe summons to Circle, in a repeat of its collection of Coinbase customer information. What has changed since then?
The IRS wanted to know about Coinbase's customers a few years ago. Now it's looking at Circle (and Poloniex, which hasn't been part of Circle since 2019).

(Hervé Cortinat/OECD, modified by CoinDesk)
State of Crypto: FATF's New Guidance Takes Aim at DeFi
The Financial Action Task Force addressed DeFi and NFTs in its new proposed draft guidance, but its new definitions might be extremely broad.
(Hervé Cortinat/OECD, modified by CoinDesk)

President Joe Biden should nominate a new head for the Office of the Comptroller of the Currency in the coming weeks.
State of Crypto: What’s Next for the OCC?
The OCC published a number of crypto-friendly pieces of guidance last year. The next head of this banking regulator could undo this work.
President Joe Biden should nominate a new head for the Office of the Comptroller of the Currency in the coming weeks.

A depiction of NYDFS Superintendent Linda Lacewell, commissioned as part of CoinDesk's Most Influential 2020 series.
State of Crypto: NYDFS Hackathon Is 'Testament' to Crypto's Growth
NYDFS held a two-week event with crypto industry participants to evaluate ways of upgrading its data collection tools and practices.
A depiction of NYDFS Superintendent Linda Lacewell, commissioned as part of CoinDesk's Most Influential 2020 series.

This isn't an NFT, but let's face it you wouldn't be surprised if it had been.
State of Crypto: It's Time to Talk About NFTs and Intellectual Property Law
NFTs are all the rage right now, but buyers and sellers should be aware of the different regulatory frameworks that might govern these assets.
This isn't an NFT, but let's face it you wouldn't be surprised if it had been.

Former CFTC Chair Gary Gensler will appear for his confirmation hearing before the Senate Banking Committee today.
State of Crypto: How SEC Chair Gary Gensler Could Differ From Predecessor Jay Clayton
Gary Gensler will testify before the U.S. Senate Banking Committee today for a confirmation hearing on his nomination to lead the SEC.
Former CFTC Chair Gary Gensler will appear for his confirmation hearing before the Senate Banking Committee today.

Treasury Secretary Janet Yellen has brought up crypto's use in terrorism on three different occasions since Jan. 6, 2021.
State of Crypto: The US Government Keeps Mentioning Terrorism
Congress is holding a hearing on financing for domestic terrorism this week. What role will bitcoin play?
Treasury Secretary Janet Yellen has brought up crypto's use in terrorism on three different occasions since Jan. 6, 2021.

SEC building
State of Crypto: Will 2021 Finally Be the Year of the Bitcoin ETF?
The market has matured since 2018, when bitcoin ETF applications last hit a peak. It's unclear whether that's enough to see one approved.
SEC building

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State of Crypto: India and Nigeria's Crypto Crackdowns Continue Old Trends
Both nations hope to prevent banks from providing services to crypto companies.
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Power to the players indeed.
State of Crypto: How Will the Government React to GameStop?
Also: Ripple filed its response to the SEC and a FinCEN official discusses the controversial counterparty rule in public for the first time.
Power to the players indeed.