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Regulation & Politics

Arctic Money, the Birth of Crypto
Regulation & Politics

Arctic Money, the Birth of Crypto

The Defiant team are on tour! We have wandered to the winter wonderland of Svalbard way up in the Artic circle. But this Northern settlement has far more to it than meets the eye and in its history, dwells a rich self sustaining economy, one that is very reminiscent of our beloved DeFi.
Crypto Community Relieved by Biden Order’s Balance Yet Wary as Oversight Regime Takes Shape 
Regulation & Politics

Crypto Community Relieved by Biden Order’s Balance Yet Wary as Oversight Regime Takes Shape 

The Biden Administration's executive order on crypto was surprising, and comprehensive.
U.S. Orders DeFi Platform Polymarket to Pay $1.4M and Shut Unlicensed Markets
Regulation & Politics

U.S. Orders DeFi Platform Polymarket to Pay $1.4M and Shut Unlicensed Markets

The CFTC ordered Polymarket to pay a penalty and shut down markets that were unlicensed as swaps.
Yellen Waives Non-Custodial Crypto Protocols From New Reporting Standards
Regulation & Politics

Yellen Waives Non-Custodial Crypto Protocols From New Reporting Standards

U.S. Treasury Secretary Janet Yellen said the government would waive non-custodial from complying with stringent reporting requirements approved by the FATF.
The US Treasury Is Terrified of Stablecoins
Regulation & Politics

The US Treasury Is Terrified of Stablecoins

Are you bored of hearing about FATF and regulations? It probably isn’t even on your radar right now. And let’s face it there are a thousand other entry points to this space that are just frankly, a lot more interesting. Thing is though, here at the Defiant we can’t afford to ignore it. For the…
DeFi Giant Uniswap Takes Hit After News of SEC Investigation Breaks
Regulation & Politics

DeFi Giant Uniswap Takes Hit After News of SEC Investigation Breaks

Crypto traders are scrambling as news that Uniswap Labs is under investigation by the U.S. Securities and Exchange Commission roiled the DeFi industry Friday.   Uniswap, a powerhouse in the DeFi space with a token sporting a $29B market cap, suffered a sell-off in morning trading, with UNI dropping 2.5%, to $29.08, according to CoinGecko. The…
Here's the Latest on How U.S. Regulators Want to Crack Down on Crypto
Regulation & Politics

Here's the Latest on How U.S. Regulators Want to Crack Down on Crypto

Top U.S. lawmakers and regulators are taking steps to tighten their grasp on cryptocurrencies, or advocating for greater control over digital assets. Here are the bills, speeches and charges issued by U.S. government representatives and agencies in the past week:  Infrastructure Bill — Proposed on Aug. 1, a major infrastructure bill awaiting the Senate’s final…
Crypto Tax Debate On Capitol Hill Signals Big Changes for DeFi
Regulation & Politics

Crypto Tax Debate On Capitol Hill Signals Big Changes for DeFi

Taxing cryptocurrencies just picked up serious momentum, with potentially serious ramifications for DeFi.  The U.S. Senate’s $1 trillion infrastructure package now under consideration includes a provision that would tax transactions involving Bitcoin and its ilk to raise around $28 billion in funding. That means swapping Ethereum and other DeFi tokens may have to be recorded…
A Handy Guide to DeFi Taxes
Education

A Handy Guide to DeFi Taxes

It’s that time of the year again. No, I don’t mean March Madness bracket busting, and I’m not talking about emerging from the depths of winter. That’s right, it’s the yearly time that we all get together and try to figure out how the heck we’re going to do our crypto taxes this year. And,…