Crypto crowdfunding developer Michael Lewellen fears the government will treat him as an unlicensed money transmitter like the developers of Tornado Cash.

The initiative will mainly focus on tokenized deposits with the Hong Kong Central Bank.

New measures include allowing corporations to issue real-name crypto accounts and increasing fintech investment limits for financial institutions.

The U.S. is not the only jurisdiction where regulatory headwinds for crypto are shifting.

The U.S. government appears to be preparing to loosen restrictions on the crypto industry as rumors of Gary Gensler’s retirement pick up steam.

247 pro-crypto candidates won seats in the House of Representatives.

Things have stabilized, the venture capitalist told The Defiant, but there’s still an ongoing pressure campaign against banks servicing the crypto industry.

This isn’t the first time DeFi leaders have sought to engage with the Biden-Harris administration.

The lawsuit accuses Binance of violating the RICO Act.

Web3 advocates described the move as the latest chapter in a coordinated attack on U.S. banks providing services to crypto firms.