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The House passes a crypto regulatory framework bill; what’s next?
24.5.2024
FIT21 has reached a significant milestone. The House has cleared the way for the legislation to climb the ladder rather than move to the Senate and President to become law officially. What lies next is a phase of optimism and clarity for the crypto market. Biden’s opposition to the bill...
Democratic House Leadership Will Not Whip FIT21 Despite Strong Opposition: Politico
21.5.2024
Democratic House leadership will not whip party members against voting for FIT21, an email from the Democratic Whip's office obtained by Politico reveals. The House is expected to vote on the landmark crypto regulatory framework sometime on Wednesday.
The post Democratic House Leadership Will...
Global Banking Authorities Extend Crypto Regulatory Framework Deadline
15.5.2024
The Group of Central Bank Governors and Heads of Supervision (GHOS) has reviewed the implementation of Basel III reforms and postponed the crypto asset standard implementation date to January 1, 2026. Basel III, finalized in 2017, continues to see widespread adoption, with two-thirds of member...
Republican Sen. Tillis Calls for ‘Light’ Crypto Regulatory Framework Ahead of Presidential Election
9.4.2024
Lawmakers on both sides of the aisle urged the need for new crypto laws on Tuesday, as Deputy Treasury Secretary Wally Adeyemo asked for “additional tools” to effectively crack down on illicit crypto financing
Ripple’s XRP Ousted From Hong Kong Virtual Asset Consortium’s Top Crypto Index
16.1.2024
As Hong Kong strengthens its crypto regulatory framework and embraces ETFs, the Hong Kong Virtual Asset Consortium (HKVAC) has updated its crypto indexes, showing a preference for tokens with market performance and growing industry partnerships. Ripple’s XRP Loses Ground in HVAC’s...
US Presidential Hopeful Vivek Ramaswamy Criticizes SEC Over Crypto Regulatory Failures
7.12.2023
Source: Adobe US Republican presidential candidate Vivek Ramaswamy has slammed the Securities and Exchange Commission (SEC) criticizing the current crypto regulatory framework. During the fourth Republican presidential debate at the University of Tuscaloosa on Wednesday, Ramasamy expressed...
Global securities body IOSCO unveils crypto regulatory framework proposals
17.11.2023
According to the report, these expectations can be addressed by applying existing rules or creating new ones, depending on the jurisdiction
Ramping up Blockchain Education Can Help Make South Korea the World’s Crypto Leader, Says Hashed CPO Edward Hong
31.8.2023
According to Edward Hong, the chief platform officer (CPO) at the early-stage venture firm Hashed, South Korea’s decision to delay putting in place a comprehensive crypto regulatory framework seems to be more of a strategic move rather than hesitation. Hong insisted that the perceived delay...
France Amends Crypto Regulatory Framework In Line With MiCA Licensing Rules
10.8.2023
France’s financial regulator Autorité des Marchés Financiers (AMF) has announced key amendments to its digital asset regulatory regime in light of the Market in Crypto Asset (MiCA) regulation.
The new amendments will come into effect from Jan 1 2024 and would affect both its General Regulation...
US House Financial Services Committee Approves First Crypto Regulatory Framework Bill
27.7.2023
A key US House Committee on Wednesday passed a bipartisan bill to ensure regulatory clarity for cryptocurrencies.
The House Financial Services Committee approved a Republican-led bill in a 35-15 vote, with support from some Democrats including Jim Himes of Connecticut and Ritchie Torres of...
Crypto bills pass congressional committee in 'huge win' for US crypto
27.7.2023
Two crypto regulatory bills have been passed by the United States House Financial Services Committee United States in one day
US lawmaker invokes SEC lawsuits in considering crypto regulatory framework
13.6.2023
According to Rep. Maxine Waters, granting crypto firms provisional registration under a proposed framework "could reward bad actors with a ‘get out of jail free’ card"
U.S. Senator Tim Scott to Release Priorities for Developing Crypto Regulatory Framework: Report
2.2.2023
Scott, the top Republican on the Senate Banking Committee, will release his priorities for a bipartisan regulatory framework for cryptocurrency on Thursday, according to Politico
SEC Commissioner Calls for ‘Consistent Legal Framework’ for All Asset Classes, Including Crypto
28.1.2023
A commissioner with the U.S. Securities and Exchange Commission (SEC) has called for “a coherent and consistent legal framework that works across all asset classes,” including crypto assets. She warned that the SEC’s current enforcement-centric approach would take 400 years to...
Morocco finalized crypto regulatory framework: Central Bank
3.1.2023
The bill, which should be introduced to public discussion in the following days, will legally define crypto in the fast-growing market
India to Discuss Crypto During G20 Presidency to Establish Tech-Driven Regulatory Framework, Says Finance Minister
18.10.2022
India plans to discuss crypto regulations during its G20 presidency with member countries. Finance Minister Nirmala Sitharaman has revealed that the Indian government hopes to arrive at a framework or standard operating procedure (SOP) so that countries globally “can have a technology-driven...
Financial Stability Board opens proposed crypto regulatory framework for public comments
11.10.2022
“Effective regulatory and supervisory frameworks should be based on the principle of ‘same activity, same risk, same regulation,’” said the FSB proposal
South African Crypto Investors and Service Providers Told of Legal and Tax Implications of Central Bank’s Plan
17.7.2022
South African tax consultancy firm Tax Consulting SA, has said the recent announcement by the central bank — that will start to regulate cryptocurrency in 12 to 18 months — has legal and tax implications for both crypto investors and organizations providing intermediary services....
G20 Watchdog Announces ‘Robust’ Global Crypto Regulation Coming in October
12.7.2022
The Financial Stability Board (FSB) says it is working on a “robust” regulatory framework for crypto assets and will report its recommendations to the G20 finance ministers and central bank governors in October. FSB to Present Robust Crypto Regulatory Framework to G20 in October...
Fed Chair Powell: We’re Not Seeing Significant Macroeconomic Implications From Crypto Sell-Off
24.6.2022
Federal Reserve Chairman Jerome Powell says the central bank is “not really seeing significant macroeconomic implications” from crypto’s volatility. The Fed chair stressed that there is a need for a better crypto regulatory framework. Fed Chair Powell Says Crypto Needs Better...