Rosenstein Archives -
In recent regulatory news, the U.S. deputy attorney general has called for international cooperation on cryptocurrency regulation. Separately, the U.S. Federal Election Commission (FEC) has prepared a draft advisory that could allow political donations in the form of mining power, while the Alabama Securities Commission has estimated that the state has brought forward 20 percent of all active cease-and-desist orders against crypto companies in the U.S.
US Department of Justice Takes Aim at Crypto
While speaking at Interpol’s 87th General Assembly, Rod Rosenstein, the U.S. deputy attorney general, called for international cooperation on cryptocurrency regulation. Rosenstein implored regulators to “work together to make clear that the rule of law can reach the entire blockchain.” He also issued a call to prevent cryptocurrencies from being “abused by criminals, terrorist financiers or sanctions evaders.”
In addition, Rosenstein took specific aim at initial coin offerings. He stated that “fraudsters use the lure of coin offerings and the promise of new currencies to bilk unsuspecting investors, promote scams and engage in market manipulation.”
US FEC Paves Way for Campaign Donations via Mining
The U.S. Federal Election Commission has prepared a draft advisory that describes political campaign donations through cryptocurrency mining as “permissible.” The document is a response to a proposal submitted by Osianetwork LLC on Nov. 13 that questioned whether individuals would be permitted to support political committees by devoting computing power to the mining of virtual currencies.
The commission adds that such donations would “not fall within the volunteer internet activities exception, and would result in contributions from both the individuals and the Osianetwork to the participating political committees.” The FEC is scheduled to vote on the matter on Dec. 19, 2018.
US Litigator Notes Role of States in Regulating Crypto
Greg Bordenkircher, the chief litigator of the Alabama Securities Commission, has estimated that the state of Alabama accounts for “about 20 percent of all the active cease-and-desists” in the U.S. He stated that the commission has issued nine orders to shut down the operations of companies that have advertised fraudulent cryptocurrency products. He added that it is currently looking at another 20 to 22 companies that it may shut down.
Bordenkircher also emphasized the need for state regulators to take an active role in regulating the cryptocurrency sector. He said that the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission do “a great job, but the states have really got the boots on the ground. There’s more of us than there are of them.”
What is your response to the prospect of political donations in the form of mining? Share your thoughts in the comments section below.
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The top lawmakers on the House Judiciary and Oversight and Government Reform Committees will interview Rosenstein Oct. 24.
The chairman of the House Freedom Caucus is calling on Rod Rosenstein to step down as deputy attorney general, as lawmakers probe reports the Justice Department official once suggested wearing a “wire” to record President Trump.
Attorney General Jeff Sessions and Deputy Rod Rosenstein should lose their jobs because of enormous harm they’ve caused.
Michael Goodwin: Welcome to the snake pit: ‘Deep state’ leaves Trump no good options on FBI, RosensteinSeptember 24, 2018 | dailybusinessnews
The bombshell NY Times report on Rosenstein and the FBI is about a plot by power-mad individuals who aimed to overturn the 2016 election and thwart the will of voters.
Deputy Attorney General Rod Rosenstein early in his tenure suggested secretly recording President Trump and recruiting cabinet members to remove him from office, former FBI Acting Director Andrew McCabe wrote in memos at the time, assertions that Mr. Rosenstein disputed.
WSJ.com: What’s News Asia
Two extremely conservative House lawmakers are leading a bid to impeach Deputy Attorney General Rod Rosenstein, who oversees Robert Mueller. Reps. Mark Meadows and Jim Jordan are among 11 Republican lawmakers who filed a resolution Wednesday calling for Rosenstein to be impeached, the Washington Post reports. The men, allies of…
Seems House conservatives are still hoping to see Rod Rosenstein hit the unemployment line. Conservative lawmakers were honing an impeaching filing for the deputy attorney general Friday at the same time he announced 12 indictments against Russians for alleged election hacking, Capitol Hill sources tell Politico . In fact, Rosenstein was…
President Donald Trump insisted that all was “very calm and calculated” at the White House, even as he vented Wednesday about the Russia probe and complained about Deputy Attorney General Rod Rosenstein, the AP reports. Trump, who was so incensed by the FBI’s raid of his personal attorney’s office and…
Deputy Attorney General Rod Rosenstein explicitly authorized the Justice Department’s special counsel to investigate allegations that President Donald Trump’s former campaign chairman colluded with the Russian government, according to a court filing late Monday night. Special counsel Robert Mueller’s team of prosecutors included that detail in a memo defending the…