Former SEC Chairman Warns: New Bitcoin Regulations

April 5, 2021

Former SEC chair Jay Clayton has warned of new bitcoin regulations possibly coming soon, CoinDesk reports.

He said that while the crypto is currently considered a non-security at the SEC, that doesn't mean it should go without regulations.

Clayton, who was speaking as a citizen, said the future of digital assets "will be driven in part by regulation both domestic and international, and I expect that regulation will come in this area both directly and indirectly," CoinDesk reports.

Thai Central Bank will be piloting a new central bank digital currency (CBDC) in 2022, CoinDesk writes.

The bank has also said it will be accepting feedback on the project until June 15, 2021.

The main objective of the currency, according to the report, is to help citizens get more access to convenient and safe financial services. And the bank plans to implement the currency over the next three to five years.

Force DAO, the decentralized finance hedge fund, said it had suffered an attack on Sunday morning (April 4), CoinDesk reports.

The price of Force DAO's native token was down because of it, over 80 percent as of CoinDesk's writing.

Mudit Gupta, blockchain team lead at blockchain software company Polymath, wrote that there were five attackers and one of them had returned the funds they'd stolen.

The other four made off with the equivalent of $376,000.

Deutsche Bundesbank has successfully tested a blockchain-based settlement interface for electronic securities, according to a report from CoinGeek.

That test bridges a gap between mainstream finance and blockchain technology. Also, there's no need for a CBDC with this strategy.

A federal court has authorized the U.S. Department of Justice (DOJ) to get data from crypto users on Circle and Poloniex, according to a report from

The DOJ says it's looking for information about users who conducted at least $20,000 in transactions using cryptocurrency between 2016 and 2020, along with other documents related to those transactions.

Poloniex is named because Circle bought it in 2018, but spun it out into a new company, Polo Digital Assets, later.

The order is called a "John Doe" summons and is related to a group of people who the IRS believes may have "failed to comply with any provision of any internal revenue laws."



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