Bitcoin SV

<p><img src="https://media.licdn.com/dms/image/C4D0BAQGBc3KzyqgZpQ/company-logo_100_100/0/1630682957789/bsvblockchain_logo?e&#61;1710979200&amp;v&#61;beta&amp;t&#61;7xZ-gvPjqfWZU4axBzSfGwW7SOfjQtj8eZWGGbztZjE" /></p><h2 id="header-0"><a href="https://www.linkedin.com/company/bsvblockchain/" rel="noopener noreferrer nofollow">BSV Blockchain</a></h2><p>December 19, 2023</p><p>Senator Shelley Moore Capito has expressed concerns about the potential involvement of foreign terrorist organizations in financing their activities through crypto assets. In response to this alarming issue, she has called for a thorough investigation by the Treasury to determine the extent to which crypto assets are being utilized for terrorist financing.</p><p>In a related development, House Committee Chair McHenry criticizes SEC Chair Gensler for lack of clarity regarding Coinbase&#39;s Crypto Rules Request, while Emmer calls the decision a &#34;clear violation&#34;; Commissioners Peirce and Uyeda issue joint dissent.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Public Affairs Director of Americas for BSV Blockchain, featuring:</p><ul><li>Sen. Shelley Moore Capito (R-WV)</li><li><a href="https://www.linkedin.com/company/house-financial-services-democrats/about/" rel="noopener noreferrer nofollow">House Financial Services Committee</a> Chair Patrick McHenry</li><li>House Majority Whip <a href="https://www.linkedin.com/in/tomemmer/" rel="noopener noreferrer nofollow">Tom Emmer</a> (R-MN)</li><li>SEC Commissioners Hester Peirce and <a href="https://www.linkedin.com/in/mark-uyeda-5227aa5/" rel="noopener noreferrer nofollow">Mark Uyeda</a></li><li>Under Secretary for Terrorism and Financial Intelligence Brian Nelson</li><li>Financial Stability Oversight Council</li></ul><h3 id="sen-capito-urges-treasury-to-probe-crypto-terrorism-financing">Sen. Capito Urges Treasury to Probe Crypto-Terrorism Financing</h3><p>Sen. Shelley Moore Capito (R-WV) sent a letter to Treasury Under Secretary for Terrorism and Financial Intelligence Brian Nelson, voicing concern about reports that foreign terrorist organizations are financing terrorist activities with crypto assets. Capito asked if Treasury has investigated the extent to which crypto assets are used for terrorist financing.</p><h3 id="lawmakers-slam-sec-39-s-rejection-of-coinbase-39-s-crypto-rules-request">Lawmakers Slam SEC&#39;s Rejection of Coinbase&#39;s Crypto Rules Request</h3><p>Lawmakers reacted to the SEC’s decision to turn down Coinbase’s request for the agency to create crypto-specific rules. House Financial Services Committee Chair Patrick McHenry (R-NC) tweeted that SEC Chair Gary Gensler’s “continued refusal to provide clarity for the digital asset ecosystem is shameful.” House Majority Whip Tom Emmer (R-MN) similarly called the decision “wrong and a clear violation of the SEC’s mandate.” SEC Commissioners Hester Peirce and Mark Uyeda also released a joint statement disagreeing with the decision.</p><h3 id="under-secretary-brian-nelson-addresses-virtual-asset-risks-at-us-india-aml-meeting">Under Secretary Brian Nelson Addresses Virtual Asset Risks at US-India AML Meeting</h3><p>Under Secretary for Terrorism and Financial Intelligence Brian Nelson spoke at the US-India Anti-Money Laundering and Countering the Financing of Terrorism Working Group, highlighting the vulnerabilities posed by virtual assets, and steps to address them.</p><h3 id="financial-stability-oversight-council-flags-risks-in-digital-asset-ecosystem">Financial Stability Oversight Council Flags Risks in Digital Asset Ecosystem</h3><p>The Financial Stability Oversight Council published its 2023 annual report, including a section on the financial stability vulnerabilities within the digital asset ecosystem.</p><h3 id="coinbase-challenges-sec-39-s-denial-appeals-decision-in-third-circuit">Coinbase Challenges SEC&#39;s Denial, Appeals Decision in Third Circuit</h3><p>Coinbase filed a challenge in the Third Circuit to push back on the SEC’s decision to deny the company’s petition for rulemaking.</p>

Lawmakers Clash with SEC due to Rejection of Coinbase's Crypto Rules Request

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