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.

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.

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.

After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets.

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

Newly sworn-in President Donald Trump has tapped Mark Uyeda, a Republican member of the U.S. Securities and Exchange Commission, to be acting chair of the agency, the White House said on Monday.

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

The CEO of German insurer Allianz said on Wednesday that he expected fewer regulatory fines under U.S. President Donald Trump than under Joe Biden's administration, which he called "extortion". Allianz in 2022 settled with U.

Incoming President Donald Trump will have the chance to appoint most of the directors who oversee America's biggest public utility after President Joe Biden failed to get TVA board nominees confirmed by the U.

Katie Barlow discusses the Securities and Exchange Commission recently suing Elon Musk over his purchase of social media app, Twitter.

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