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Senator Lummis files Amicus Brief supporting Coinbase's dismissal motion against SEC
12.8.2023
Senator Lummis argued that the SEC is attempting to “circumvent the political process” by establishing itself as the main authority on crypto
Senator Lummis files amicus brief supporting Coinbase’s dismissal motion against SEC
12.8.2023
Senator Cynthia Lummis argued that the SEC is attempting to “circumvent the political process” by establishing itself as the main authority on crypto
Worldcoin Extends WLD Reservation Access to Unverified Users
11.8.2023
The controversial iris-scanning crypto project Worldcoin is now allowing unverified users to reserve their Worldcoin (WLD) tokens.
The project, launched on July 24 following three years of development, aims to establish a comprehensive global database for human identification, setting itself apart...
What in the World Is Going on With Crypto Regulation?
10.8.2023
Regulatory clarity has fueled crypto bull markets, demonstrated by Japan's 2016 adoption of crypto as payment and OCC's 2020 endorsement of crypto engagement. While global strides in clear crypto regulations are evident, particularly in Hong Kong, EU and UK, the US lags, emphasizing the need...
Fed Launches New Crypto Oversight Program, Issues Dollar Stablecoin Guidelines
10.8.2023
The Federal Reserve has established a new supervisory program to increase oversight of crypto activities by the banks it regulates. The U.S. central bank also released additional guidelines for banks to follow before engaging in the issuance, possession, or transactions involving U.S. dollar...
Federal Reserve Establishes Program to Monitor Crypto Activities in US Banks
9.8.2023
The U.S. Federal Reserve has introduced a new set of guidelines aimed at closely monitoring banks' involvement with cryptocurrencies.
This program, termed the "novel activities supervision program," was unveiled on Tuesday, clarifying the central bank's strategy for supervising banks'...
Miami Mayor Francis Suarez Embraces Bitcoin Donations for Presidential Bid
7.8.2023
Miami Mayor Francis Suarez, a vocal crypto advocate, announced that his Presidential campaign is officially accepting donations in the leading cryptocurrency Bitcoin (BTC).
In an interview, the Miami Mayor said, “officially, my campaign is accepting Bitcoin.” The announcement aligns with...
Digital Bank Revolut to Suspend Crypto Services For US Customers Citing Regulatory Uncertainty
4.8.2023
Crypto-friendly British neobank Revolut has announced plans to halt its crypto services for US customers.
The digital bank cited the market uncertainty and changes to the local regulatory landscape in the country for suspending crypto services.
The England-based fintech firm will suspend...
4 Crypto Bills Pass US House Committee
1.8.2023
The U.S. House Financial Services Committee has passed four crypto bills. “Congress is asserting its authority to design a regulatory framework, rather than allowing overzealous federal agencies to fill the gap with enforcement actions,” said the CEO of Blockchain Association. US House Committee...
SEC Chair Gary Gensler Says Crypto Is a Highly Speculative Field ‘Rife With Fraud’
30.7.2023
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has called crypto “a highly speculative asset class” and a field that is “rife with fraud.” He stressed that there are far too many bad actors in crypto, noting that crypto platforms often commingle funds...
Bank Policy Institute Supports Elizabeth Warren's Push for Stricter Crypto Rules
29.7.2023
The Bank Policy Institute (BPI), an organization that advocates for the banking industry in the US, has publicly backed Senator Elizabeth Warren's efforts to tighten regulations for cryptocurrencies.
Warren, along with three other senators, has recently reintroduced the Digital Asset Anti-Money...
US Lawmakers Advance ‘FIT for the 21st Century Act’ to Establish Crypto Framework
29.7.2023
U.S. lawmakers have advanced the Financial Innovation and Technology (FIT) for the 21st Century Act that establishes a regulatory framework for the crypto market. “Our bill establishes clear principles to ensure financial security and certainty as digital asset developers continue to innovate,”...
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
South Korea strengthens crypto regulation with LEI adoption and crime unit
26.7.2023
The decision was driven by the country's concern over illicit activities in the crypto market and the desire to safeguard investors
DeFi Project Atlendis Secures $1 Million Loan from French National Bank BPI and Demonstrates Compliance with PSAN License
26.7.2023
French DeFi project Atlendis hit two major milestones as it secured a €1 million loan ($1,108,055.00) from the French public investment bank along with obtaining a crypto services provider license.
Atlantis obtained PSAN, committing to complying with France’s crypto regulations and aligning with...
Towards a Balanced Future: A Middle-of-the-Road Approach to Crypto Regulation
25.7.2023
As the cryptocurrency market continues to evolve, a middle-of-the-road regulatory consensus is gaining momentum, aiming to strike a balance between skepticism and optimism around crypto, Aaron Brown, a former managing director and head of financial market research at AQR Capital Management, opined...
Federal Regulators Are Needed for Crypto Oversight: U.S. Accountability Office
25.7.2023
Regulators lack an ongoing coordination mechanism for addressing blockchain risks in a timely manner, the report says
US GAO says lack of interagency cooperation needs to be addressed in crypto regulation
24.7.2023
In a report requested by Rep. Maxine Waters, the country’s top watchdog is carefully neutral but dissatisfied with agencies’ abilities to work together
Mark Cuban Criticizes SEC Approach in Ripple-XRP Case
24.7.2023
Mark Cuban, a Shark Tank star and owner of the NBA team Dallas Mavericks, has weighed in on the U.S. Securities and Exchange Commission (SEC) v. Ripple case regarding XRP. “The current mission of the SEC is not to protect small investors,” the billionaire asserted. “Their goal...
SEC Asks for Increased Funding to Tackle Crypto Market Risks and Wrongdoing
22.7.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has asked Congress for more funding for his agency to address “risks in the crypto markets.” In a Senate hearing, he stressed: “We’ve seen the Wild West of the crypto markets, rife with noncompliance...