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Russian Lawmakers Want to Create a State-run Crypto Exchange
24.11.2022
Russian lawmakers have devised a plan that could see the nation create a state-run crypto exchange.
Per Vedomosti, members of the State Duma, Russia’s parliament, have “begun to develop a draft amendment” that involves “creating a national crypto exchange in Russia.”...
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US lawmakers ask DOJ hold FTX execs accountable 'to the fullest extent of the law'
23.11.2022
“The fall of FTX was not simply a result of sloppy business and management practices, but rather appears to have been caused by intentional and fraudulent tactics," said the letter
US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry
23.11.2022
Several U.S. senators have called on Fidelity Investments to reconsider allowing bitcoin in 401(k) retirement plans. “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious problems,” the lawmakers told Fidelity...
UK Lawmakers Vote to Widen Authorities’ Powers in Seizing Crypto-Related Property
22.11.2022
The Economic Crime and Corporate Transparency Bill, which is being debated in Parliament, already includes measures to give authorities the power to seize and freeze crypto tied to crime
Amendments to Russia’s Digital Asset Law Aim to Allow Mining, Ban Crypto Exchange and Ads
19.11.2022
Russian lawmakers have proposed changes to the current law “On Digital Financial Assets” in order to regulate crypto mining while banning the circulation of cryptocurrencies in the country. The legislation also prohibits the non-targeted advertising of crypto-related products and services....
Binance’s Lack of Transparency on FTX Bid Could Influence UK Lawmakers' Crypto Recommendations: Report
17.11.2022
Treasury Committee member Alison Thewliss said the group felt Binance's submission on FTX was not detailed enough
Crypto’s Political Cash Backs Winners, But New Lawmakers Will Arrive Under FTX Cloud
15.11.2022
All 19 of the congressional candidates backed by the crypto industry’s most widely supported political action committee, GMI PAC Inc., won their races last week, sending 16 new members to the House and Senate. But that positive performance is also at least somewhat eclipsed by the ongoing...
Crypto Industry Participants Field Questions from UK Lawmakers After FTX Collapse
14.11.2022
In an evidence inquiry session on crypto held by the Treasury Committee, the industry addressed negative questions, with some calling for more regulatory clarity
White House, US Senators Call for Proper Crypto Oversight
12.11.2022
The White House and members of the U.S. Senate Banking Committee have called for proper cryptocurrency regulation following the collapse of crypto exchange FTX. “Without proper oversight of cryptocurrencies, they risk harming everyday Americans, and this is something that clearly we monitor...
FTX Collapse Sparks Alarm From US Lawmakers
11.11.2022
A number of lawmakers have called for investigations or clearer regulation in the wake of FTX's sudden collapse
EU Lawmakers Vote Stronger Cyber Protection for Crypto, Other Finance
10.11.2022
The crypto world is highly prone to hacks and attacks, but the jury is out on the impact the new measures will have
US Lawmakers ‘Deeply Concerned’ That SEC Is Enacting Rules Too Quickly, Without Sufficient Feedback
8.11.2022
Two U.S. lawmakers have requested answers from the Securities and Exchange Commission (SEC) about its rulemaking process. Their request followed the latest SEC Inspector General report that “raises significant concerns that the agency is trying to enact too many rules, too quickly.”...
UK lawmakers open inquiry into NFT regulation — 'there are fears that the bubble may burst'
4.11.2022
According to the DCMS committee, NFT regulation in the U.K. is “largely non-existent,” with lawmakers planning to assess the assets ahead of a review by the treasury department
UK Lawmakers Will Hold Inquiry to Explore NFT Regulation
4.11.2022
U.K. members of parliament are afraid that NFT speculation may be a "bubble."
US Lawmakers Accuse Gary Gensler of ‘Hypocritical Mismanagement of SEC’ — Say the Chairman ‘Refuses to Practice What He Preaches’
4.11.2022
Four congressmen have accused the U.S. Securities and Exchange Commission (SEC) under Chairman Gary Gensler of “regulatory hypocrisy and inconsistency.” They added: “While the SEC is failing to comply with federal transparency and record-keeping laws, the SEC is aggressively...
US Senators Question SEC Why Its Staff Is Quitting at Highest Pace in 10 Years
3.11.2022
Six U.S. senators have questioned the Securities and Exchange Commission (SEC) why its staff is quitting at a record pace. “Efforts to ram through hurried rulemaking without proper analysis, deliberation or consideration of downstream negative impacts is nothing short of regulatory...
Russia Plans to Allow Mining of Any Cryptocurrency, Lawmaker Unveils
2.11.2022
Newly proposed legislation aims to permit the minting of any cryptocurrency in Russia, a prominent lawmaker has revealed. While the draft law states that the circulation of the minted coins should take place outside Russian jurisdiction, an upcoming bill provides for their use under “experimental...
US Lawmakers Probe SEC, Treasury, Federal Reserve Over Revolving Door With Crypto Industry
30.10.2022
U.S. lawmakers have raised concerns about the revolving door between financial regulators and the crypto industry. “Over 200 government officials have moved between public service and crypto firms,” the lawmakers said, adding that they include 31 Treasury Department officials and...
New Mining Bill Permitting Cross-Border Crypto Payments Filed in Russian Parliament
29.10.2022
A draft law designed to regulate the mining of digital coins in Russia is also legalizing the use of cryptocurrencies in international settlements. It has been submitted to the Russian parliament after the rejection of an earlier bill which was aiming to allow domestic crypto payments as well....
United Kingdom banks hate crypto, and that's bad news for everyone
26.10.2022
Banks in the United Kingdom try to block businesses and individuals alike from investing in cryptocurrency. Regulators should fix the situation