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Crypto lender Abra has been insolvent since March, says Texas regulator
16.6.2023
Abra and its CEO William Barhydt have been issued with an emergency cease and desist order
Crypto Firm Abra Said to be Insolvent in Texas State Regulators’ Cease-and-Desist Order
16.6.2023
According to an emergency cease-and-desist order from the Texas State Securities Board, the cryptocurrency firm Abra is “insolvent or nearly insolvent.” The filing alleges that a group of state securities regulators has been investigating Abra, and the working group interviewed William...
EU’s Leaked Digital Euro Bill Outlaws Interest, Large Holdings, Programmability
15.6.2023
The central bank digital currency must be usable offline from day 1 to safeguard privacy, the draft law says
US senators propose bill to eliminate section 230 protection for AI companies
14.6.2023
The bipartisan bill purportedly seeks to hold companies accountable for harm, but it’s unclear whether section 230 even applies to AI
Ripple’s Alderoty calls for probe into Bill Hinman and his infamous speech
14.6.2023
Stuart Alderoty is joined by a number of other high profile individuals calling for an investigation into the former SEC official
House Financial Services Chair Wants To Vote on Digital Asset Bill Next Month
14.6.2023
US House Financial Services Committee Chair Patrick T. McHenry plans to hold a vote on a bill that would regulate digital assets by mid July.
The draft legislation in question, the Digital Asset Market Structure Discussion Draft, would classify cryptocurrencies as a security or a commodity...
Circle CEO Allaire Puts Pressure on House Lawmakers To Pass a Stablecoin Bill
13.6.2023
The CEO of stablecoin issuer Circle put the pressure on lawmakers to pass a stablecoin bill and get it signed by President Joe Biden as other countries forge ahead.
Delivering a stablecoin bill to “President Biden’s desk should be a national priority,” said CEO Jeremy Allaire in his prepared...
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
Lawmakers introduce bill to remove SEC chair — but do they have the authority?
12.6.2023
A Supreme Court decision ruled that the U.S. President could not remove commissioners except for “standard of inefficiency, neglect of duty, or malfeasance.”
House Republicans Introduce Bill To Fire US SEC Chair Gary Gensler and Make Other Reforms
12.6.2023
House Republicans filed a bill on Monday that would fire US Securities and Exchange Commission Chair Gary Gensler and restructure the agency.
Reps. Tom Emmer and Warren Davidson introduced the SEC Stabilization Act, to “remove Chairman Gensler following his long series of abuses that have been...
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...
The New Crypto Bill Gary Gensler Doesn’t Want You to Know About
9.6.2023
U.S. law doesn’t let appointed regulators trump elected officials. But the SEC head may be doing exactly that
US House Committee releases new stablecoin bill draft
9.6.2023
The draft bill is set to go before the House Committee for discussion on June 13, and if approved by the House and the Senate, it could become the first form of crypto legislation in the U.S
US Senator Bill Hagerty Warns SEC Actions ‘Pave the Way’ for a CBDC
9.6.2023
Tennesse U.S. senator Bill Hagerty has warned about the consequences of the recent actions of the Securities and Exchange Commission (SEC) against cryptocurrency platforms in the country and the objectives that might be behind these. Hagerty stated that the true motivation behind the lawsuits...
Ripple case more crucial than ever amid Coinbase, Binance SEC crackdown: Lawyers
9.6.2023
Whether XRP is ruled as a security or not in the Ripple case will certainly have an influence on the two latest crypto exchange lawsuits, crypto lawyers told Cointelegraph
New Stablecoin Bill Drafted by House Republicans as Compromise With Democrats
9.6.2023
The Republican chair of the House Financial Services Committee has released a new draft of the leading U.S. legislative proposal for overseeing stablecoins, and it includes some of the positions of Democratic lawmakers
Republican crypto bill a ‘10x improvement’ on all others: Messari CEO
8.6.2023
Speaking in a Twitter Space hosted by Coinbase on June 7, Ryan Selkis praised the new crypto bill for providing new firms with a clear path to compliance
House Ag Committee looks at digital assets regulatory bill, Dems ask how to pay for it
6.6.2023
The full Agriculture Committee heard testimony from CFTC chair Rostin Behnam, a full roster of former regulators and Coinbase’s chief legal officer
Coinbase, Robinhood, CFTC to testify in Congress over draft crypto bill
6.6.2023
Paul Grewal reiterated that the “U.S. is falling behind” and is at risk of driving jobs, innovation and investment overseas
US lawmakers aim for crypto regulatory clarity with proposed bill putting the screws to SEC
2.6.2023
The framework under the bill would allow certain tokens to qualify as digital commodities if they were decentralized and crack down on the SEC's previous approach to crypto