A curated selection of headlines and news from around this multiverse – including deals, developments and other disruptions in DeFi.
Cryptocurrency trading and lending firm BlockFi reached a settlement with the SEC regarding its high-yield crypto-lending product offered to US residents. The terms of the settlement include payments by BlockFi to the SEC and state regulators, and other agreements by BlockFi to pursue SEC registrations for its products going forward. BlockFi and the SEC each put out a statement with its own perspective on the settlement:
BlockFi Statement
SEC Statement
Evertas, an insurance platform focused on the cryptocurrency space, has been granted approval to call itself a Lloyd’s of London coverholder – the first such arrangement with the three-century-year-old institution. Read more >>
Colorado will accept bitcoin for payment of state taxes by the summer, according to its governor, Jared Polis. That said, Colorado won’t hold bitcoin and will convert it to US dollars. Read more >>
A group of well-established digital assets companies in the US have joined together to create a tool to address compliance with global anti-money laundering (AML) rules. The Travel Rule Universal Solution Technology (TRUST) initiative attempts to address AML data sharing requirements prescribed by the Financial Crimes Enforcement Network. Read more >>
The IRS updated a form for voluntarily reporting tax-law noncompliance to expand the ability to report on cryptocurrency holdings. Read more >>