Sarah Wynn

15 hours ago | theblock.co | Sarah Wynn

Policy • May 14, 2025, 10:15AM EDT UPDATED: May 14, 2025, 10:09AM EDT Quick TakeSummer Mersinger plans to resign from the CFTC on Wednesday. Mersinger’s incoming leadership at the Blockchain Association comes as lawmakers in Washington are working to pass bills to regulate stablecoins and another to regulate the crypto industry at large.

1 day ago | theblock.co | Sarah Wynn

Policy • May 13, 2025, 5:34PM EDT Pro-crypto Republican Sens. Cynthia Lummis and Bernie Moreno say a tax provision could have unintended consequences for companies holding digital assets and have asked the Treasury Department to step in. In a letter sent on Tuesday by the two lawmakers to Treasury Secretary Scott Bessent, Lummis and Moreno argued that the corporate alternative minimum tax alongside new accounting standards would create unfair taxes on unrealized gains.

1 day ago | theblock.co | Sarah Wynn

Companies • May 13, 2025, 4:12PM EDT The U.S. Securities and Exchange Commission has pushed back its deadline for whether to allow in-kind redemptions for BlackRock's bitcoin exchange-traded fund. The SEC is now asking for public comments on that proposal, according to a filing made on Tuesday. Nasdaq posted an amended rule filing in January that would allow for redemptions and creations in kind for the iShares Bitcoin Trust.

2 days ago | theblock.co | Sarah Wynn

It's hard to measure the outsized influence President Donald Trump has had on crypto. And up until recently, it appeared the president whose election victory helped push Bitcoin past $100,000 for the first time could do no wrong. Trump’s appointees have taken a pro-crypto stance, and the projects he’s personally connected to digital asset projects that have created billions in market value. Yet questions are mounting over whether that influence is starting to sour.

2 days ago | theblock.co | Sarah Wynn

Policy • May 12, 2025, 1:12PM EDT New U.S. Securities and Exchange Commission Chair Paul Atkins announced a significant change in the agency's approach to cryptocurrency regulation on Monday and outlined details involving issuance and custody as the agency takes on a "new day." President Donald Trump's pick Atkins laid out those plans at the SEC's fourth crypto task force roundtable as the agency takes a drastically different approach to regulating digital assets than under the prior...