Key Takeaways As crypto has grown, regulators have become more interested in monitoring the space. Several U.S. agencies, including the SEC, CFTC, and OCC,...

Jonathan Gould, a former OCC Senior Deputy Comptroller, has been named the company’s new Chief Legal Officer by Bitfury Group. Gould will be responsible for managing the firm’s basic legal functions, as well as providing strategic guidance to the management and board of directors. Gould will also engage with policymakers and regulators around the world on behalf of Bitfury and its portfolio firms. Brian Brooks, the CEO of Bitfury, will be his boss.  Gould has been one of the most influential voices on financial law and policy in the United States during the last decade. He most recently served as Senior Deputy Comptroller and Chief Counsel at the US Office of the Comptroller of the Currency (OCC). Prior to joining the OCC, Gould worked as a Chief Counsel for the US Senate Banking Committee. He also worked with BlackRock, the world’s largest asset management company, and Promontory Financial Group, worldwide financial services, and a fintech consultancy firm.  Brooks commented on the development, saying:  “Jonathan is an accomplished legal professional who brings two decades of experience in financial services, law and regulation to Bitfury. His time sitting at the table for some of the most important policy conversations impacting the crypto industry in the United States will be extremely valuable as Bitfury endeavors to play a larger role in these conversations around the world. We are thrilled to have Jonathan on board as we seek to leverage our best-in-class technology and team to bring blockchain into the mainstream.” While Gould commented about his new job: “I look forward to blending my legal, traditional finance, and crypto knowledge to help Bitfury and Web 3 continue to grow and flourish amidst an evolving policy and regulatory landscape.”

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The Biden Administration's secret crypto strategy is becoming clear: it wants to force stablecoin issuers into the arms of big banking.

Erik Thedéen, the Vice-chair of the European Securities and Markets Authority, recently recommended a ban on proof-of-work mining in the EU. Citing its impact on Sweden, he stated, “It would be an irony if the wind power generated on Sweden’s long coastline would be devoted to Bitcoin mining.” Regulators analyze mining impact Previously, Norwegian authorities […]

Crypto insiders lauded Gary Gensler’s nomination to chair the Securities and Exchange Commission (SEC) last February. They thought the Massachusetts Institute of Technology professor who had taught blockchain classes would bring an enlightened approach to crypto compared with the scattershot, perplexed style of his predecessor, Jay Clayton. But a year in, the professor gets an…

The post Professor Gensler Gets an F on Crypto appeared first on Bitcoin News Miner.

Congress and crypto meet again, this time over Bitcoin mining's energy use, as new climate legislation is in the pipeline.

The post No fireworks at House’s Bitcoin mining hearing, but pending climate bills could home in on crypto appeared first on The Block.

Top executives from the crypto industry convened at a hearing yesterday to discuss the risks and challenges posed by digital assets. Appearing at the hearing was Jeremy Allaire of Circle, Sam Bankman-Fried of crypto exchange FTX, Brian Brooks of Bitfury, Charles Cascarilla of Paxos, Denelle Dixon of Stellar Development Foundation, and CFO of Coinbase Global […]

The post Stablecoins Not a Threat to US Dollar: They Make it Stronger appeared first on Coin Bureau.

Executives from the US’ most influential crypto firms will be testifying at a hearing on digital assets on December 8. The hearing, led by Congresswoman Maxine Waters, is entitled “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.” Waters, who chairs the House Financial Services […]

The post Top Crypto Executives To Testify in Washington At Digital Assets Hearing appeared first on Coin Bureau.