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.

White-collar lawyer and former U.S. attorney Neil MacBride has rejoined Davis, Polk & Wardwell following a two-year stint as general counsel to the U.S. Treasury Department, the firm said Monday.

The U.S. Securities and Exchange Commission (SEC) rescinded on Thursday accounting guidance long opposed by the cryptocurrency industry, an early move in President Donald Trump's pivot away from the policies of the prior administration and a win for the crypto sector.

WASHINGTON – Lina Khan, who until Monday was an aggressive enforcer of antitrust law as the head of the U.S. Federal Trade Commission under former President Joe Biden, will resign from the ...

The U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets. The guidance was a major deterrent to Wall Street banks owning bitcoin.

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

U.S. stocks are about to close out Joe Biden’s era on a high note as the president bids farewell to the White House. The 46th president of the United States is bringing his time at the White House to a close with the S&P 500 up around 54% since he took office on Jan.

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.

Donald Trump, newly inaugurated as President, has appointed Mark Uyeda as the SEC's acting chairman with Gary Gensler stepping down.

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 SEC published a new staff accounting bulletin rescinding SAB 121, which set certain rules for financial firms wanting to hold crypto.

Donald Trump will be the first president to fully embrace digital currencies — and he’s already anointed his crypto princes