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Coinbase applauds Canadian Committee’s recommendations

29.6.2023
In a recent publication by the Canadian House of Commons Parliamentary Standing Committee on Industry and Technology (INDU), an extensive report has emerged, thoroughly exploring the applications and potential of blockchain technology in Canada. With a comprehensive set of 16 recommendations,...

State Duma Chairman of Financial Markets Committee: Russia to Exert ‘Serious’ Control Over Crypto After Legalization

28.6.2023
Anatoly Aksakov, chairman of the Financial Markets Committee of the State Duma, the lower chamber of the Federal Assembly in Russia, has remarked that the government intends to hold “serious” control over crypto after it is legalized. According to local reports, Aksakov also stated that...

EU Seals Deal on Crypto Bank-Capital Rules

27.6.2023
Lawmakers have previously favored ‘prohibitive’ capital requirements to keep unbacked crypto assets out of the banking system

San Francisco Fed President Deems 2 Rate Hikes in 2023 ‘Reasonable,’ Urges Caution in Monetary Policy

26.6.2023
Mary Daly, the president of the San Francisco Federal Reserve Bank, expressed her views this week, stating that she believes two additional rate hikes this year would be appropriate. However, she maintains a neutral stance regarding the forthcoming July Federal Open Market Committee (FOMC) meeting...

Federal Reserve Chair Discusses De-Dollarization Threat, Risk of US Dollar Losing Reserve Currency Status

23.6.2023
Federal Reserve Chairman Jerome Powell has discussed the threat of de-dollarization and the risk of the U.S. dollar losing its world’s reserve currency status. He believes that the USD hegemony is a consequence of America’s economic dominance. Fed Chair Powell on Threat of De-Dollarization,...

Fed Chair Powell Signals More Rate Hikes This Year as Taming Inflation Has ‘Long Way to Go’

21.6.2023
Federal Reserve Chairman Jerome Powell has signaled more interest rate hikes this year. “Given how far we’ve come, it may make sense to move rates higher but to do so at a more moderate pace,” the Fed chair told U.S. lawmakers. “Inflation pressures continue to run high, and the process of getting...

Fed Chair Powell Says Central Bank Needs ‘Robust’ Role Overseeing U.S. Stablecoins

21.6.2023
Federal Reserve Chairman Jerome Powell argued for the need for strong central-bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee

Anticipation Builds as US Central Bank Eyes Two More Rate Hikes, Targeting 5.6% by Year-End

20.6.2023
After the U.S. central bank refrained from boosting interest rates last week, investors now anticipate two more hikes that may elevate the federal funds rate to 5.6% by the year’s end, climbing 50 basis points (bps) from its present level. CME’s Fedwatch tool indicated on Tuesday that...

House Financial Services Republicans Blast SEC’s Proposed Rule, State Gensler Is Pushing ‘His Own Personal Views Regarding Digital Assets’

15.6.2023
Republicans of the House Financial Services Committee have criticized U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, stating he is using Rule 3b-16 amendments to impose his views on cryptocurrency assets. In a letter sent to the SEC, republicans push back against the new proposed...

Crypto Lobbyists Ask SEC for Info on Prometheum, The Mysterious 'Regulated' Crypto Firm

15.6.2023
The “regulated crypto exchange” backed Gary Gensler’s viewpoint in front of Congress. But are they for real?

Prometheum Testimony Raises Doubts: Crypto Community Questions Credibility Amid Regulatory Clarity Hearing

15.6.2023
The crypto community is abuzz with discussions on social media about the recent United States House Committee hearing held on June 13, 2023, which delved into regulatory clarity within the crypto industry. Notably, the co-CEO of an obscure cryptocurrency broker named Prometheum expressed support...

Fed Pauses Interest Rates After 10 Consecutive Hikes; Committee Likely to Raise Rates ‘Somewhat Further’ This Year

14.6.2023
In accordance with market predictions, the U.S. Federal Reserve decided to halt its rate hike this month after ten consecutive hikes since last year. The members of the Federal Open Market Committee (FOMC) asserted that the U.S. banking system is still “sound and resilient,” and...

Gary Gensler’s Catch-22 Vision of ‘Regulated’ Crypto Brokers

14.6.2023
The SEC-registered trading platform Prometheum pitched the House on Gary Gensler's vision. But skeptical legislators highlighted that the platform won't offer major assets, including Bitcoin

US Inflation Cools to 4% Annual Rate, Setting Stage for Fed’s Decision on Interest Rates

13.6.2023
The U.S. Bureau of Labor Statistics’ consumer price index (CPI) report, released on Tuesday, reveals that inflation in the United States has eased to a yearly rate of 4%. The latest development arrives just ahead of the upcoming Federal Open Market Committee (FOMC) meeting scheduled for June...

House Bill Shows Challenge of Regulating Crypto Without Giving TradFi a Free Pass

13.6.2023
House Republicans Patrick McHenry and GT Thompson face a central problem drafting their crypto bill: Removing SEC discretion over whether a crypto token is a security allows issuers of traditional stocks and bonds the opportunity to arbitrage regulation, writes Todd Phillips

Fear of blockchain will have 'disastrous consequences' — Ava Labs CEO testimony

13.6.2023
Gün Sirer says the U.S. “won the first wave of the internet revolution” because it enabled responsible innovation. Now, it must do the same with blockchain

US House Financial Services Committee Republicans Reach Some Compromise With Democrats on Latest Version of a Stablecoin Bill

9.6.2023
The House Financial Services Committee under its Republican leadership has dropped a new version of its stablecoin bill after receiving feedback from its Democratic members. The bill, which is still a discussion draft, would regulate payment stablecoins specifically, and would allow state...