Government Accountability Office news and trends

US Lawmaker Asks GAO for Data on Crypto Investments in 401(k) Plans
Cryptocurrency // June 15, 2022

A Massachusetts congressman wants the Government Accountability Office to investigate the risks of allowing cryptocurrency investments through retirement accounts. “Concerns have arisen about the risks to older Americans’ retirement security of using retirement accounts to invest in cryptocurrencies due to their volatility and limited oversight,”...

Bitcoin Daily: CommerzVentures, Coinbase Ventures Part Of Curv’s $23M Fundraise; Senate Banking Committee Calls For...
Bitcoin // July 01, 2020

Crypto security asset infrastructure company Curv notched $23 million in Series A funding with investment from Coinbase Ventures and CommerzVentures, among other firms, according to an announcement. The company also unveiled tX, which it describes as a top assembly of engineers and cryptographers that harness...

Online Marketplaces And The $1.8T Counterfeit Problem
Payments Innovation // September 19, 2019

Fraudsters sold counterfeit products worth $323 billion last year, and are projected to make off with $1.8T by 2020. Kimberly Gianopoulos, director at the U.S. Government Accountability Office says that payments services providers, working with government agencies, can help marketplaces fix that. In the latest...

Why The GAO Thinks PSPS Can Help Fix The Marketplace Counterfeit Problem
Payments Innovation // September 18, 2019

Online marketplaces need to meet higher standards if they want to keep customers from the competition. For third-party marketplaces, that means supporting transactions in local currencies and through the local payment methods that both buyers and sellers prefer. As online shopping is now a global...

Quick Reads
Lawmakers Question Banking Agencies’ Ties to ‘Opaque’ Global Organization

September 16, 2024
Two U.S. lawmakers want the Government Accountability Office (GAO) to help them evaluate the memberships of federal banking agencies in a global governance body, the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). The NGFS is a group of central banks and supervisors who volunteer to “contribute to the development of […]

US Lawmaker Asks GAO for Data on Crypto Investments in 401(k) Plans

June 15, 2022
A Massachusetts congressman wants the Government Accountability Office to investigate the risks of allowing cryptocurrency investments through retirement accounts. “Concerns have arisen about the risks to older Americans’ retirement security...

Bitcoin Daily: CommerzVentures, Coinbase Ventures Part Of Curv’s $23M Fundraise; Senate Banking Committee Calls For...

July 01, 2020
Crypto security asset infrastructure company Curv notched $23 million in Series A funding with investment from Coinbase Ventures and CommerzVentures, among other firms, according to an announcement. The company also...