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UK Set To Launch New Crypto Staking And Stablecoin Legislation By July, Economic Secretary Bim Afolami Says
15.4.2024
The UK is set to introduce new crypto staking and stablecoin legislation by July, according to recent remarks by Economic Secretary Bim Afolami. Afolami previously hinted at the legislation in February as the current conservative-led government aims to introduce new regulation ahead of this year's...
UK to Issue New Crypto, Stablecoin Legislation by July, Minister Says
15.4.2024
The country passed a landmark bill in June that laid the foundation for stablecoins and other crypto to be treated as regulated financial activities
Coinbase Legal Chief Pushes For Stablecoin Regulation
9.4.2024
Paul Grewal, the legal chief at Coinbase, encouraged the US Congress to quickly pass stablecoin legislation on April 9 in order to combat the illegal usage of cryptocurrencies. Paul Grewal's plea coincides with the Senate Banking trial on combating terrorism, illicit financing, and sanctions...
Rep. Patrick McHenry Indicates Progress on Stablecoin Legislation Before Election
21.3.2024
U.S. House Financial Services Committee Chair Rep. Patrick McHenry hints at possible advancements in stablecoin legislation, indicating potential progress before the upcoming election day.
The post Rep. Patrick McHenry Indicates Progress on Stablecoin Legislation Before Election appeared first...
Key U.S. Lawmaker McHenry Says House Has 'Workable' Stablecoin Bill
20.3.2024
U.S. Rep. Patrick McHenry (R-N.C.) said some of the recent chaos in Congress derailed crypto legislation for a while, but a stablecoin bill is largely worked out in the House of Representatives and just needs a schedule floor vote
Fed Chair Powell Briefs Lawmakers on US Central Bank Digital Currency Progress
15.2.2024
Federal Reserve Chairman Jerome Powell has provided an update to Congress members regarding the Fed’s central bank digital currency (CBDC) work. “If we’re going to have a CBDC, Congress needs to authorize it,” he stressed. Moreover, the Fed chair reportedly said that a framework...
Circle CEO Jeremy Allaire Expects US to Pass Stablecoin Legislation in 2024
16.1.2024
Circle CEO Jeremy Allaire has expressed his confidence in the United States finally passing long-awaited stablecoin legislation this year. In a recent interview with CNBC at the World Economic Forum’s annual meeting in Davos, Switzerland, Allaire said there is growing momentum in...
Despite Government Shutdown Worries, Stablecoin Legislation Pushed by McHenry
2.10.2023
The US House of Representatives’ Financial Services Committee Chair Patrick McHenry on Friday reaffirmed his commitment to regulating stablecoins, despite a potential government shutdown looming at the time.
Speaking at a forum organized by stablecoin issuer Circle in New York, McHenry stated that...
Ex-Senator Who Once Shepherded Crypto Legislation Sees No Path in Current Congress
21.9.2023
Former U.S. Sen. Pat Toomey, who tried and failed to push his own crypto legislation through Congress before leaving at the start of the year, can’t see how the current Senate will have any better luck, despite recent progress in the House of Representatives
Fed vice chair Barr gives update on CBDC research, plugs stablecoin legislation
8.9.2023
Michael Barr expressed “strong concern” about stablecoins and appreciation of legislative efforts to address them at the Philadelphia Fed’s fintech event
US House Financial Services Committee Passes Stablecoin Legislation ‘After a Few Fireworks’
28.7.2023
The U.S. House Financial Services Committee has passed Chairman Patrick McHenry’s Clarity for Payment Stablecoins Act with bipartisan support. McHenry said committee members, unlike the White House, understood the urgency and importance of providing clarity for payment stablecoins. Sheila...
US FSC Chairman eyes regulatory clarity for crypto, stablecoin ecosystems
24.7.2023
The upcoming FCA meeting is aimed at providing regulatory clarity for the digital asset ecosystem — cryptocurrencies, blockchain development and stablecoin payments
Republicans and Democrats Collaborate on Stablecoin Legislation in the House
18.7.2023
Republicans and Democrats are likely to come to an agreement on the proposed bill to regulate stablecoins in the United States.
Two senior members of the Financial Services Committee in the U.S. House of Representatives, who drafted the bill to regulate stablecoins, said that Republicans...
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...
Jeremy Allaire pushes for stablecoin legislation
13.6.2023
Jeremy Allaire, who is the Co-Founder of stablecoin supplier Circle, will be earnestly pitching for the legislation of the stablecoin at a U.S House Financial Services Committee Hearing. Simultaneously, he is concerned about the actual positioning of the U.S Dollar and its competitiveness...
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...
Circle exec to join US Congressional committee hearing on stablecoin payments, legislation
16.4.2023
The Financial Services Committee issued a memorandum to announce an upcoming hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation.”
Bitwise Chief Compliance Officer Predicts Stablecoin Legislation to Arrive This Year – Will This Be Beneficial for the Crypto Industry?
24.1.2023
Katherine Dowling, General Counsel and Chief Compliance Officer at the crypto index fund provider Bitwise Asset Management, argued that US Congress would move to regulate stablecoins this year - as the first step towards the crypto industry regulation. ...
Read More: Bitwise Chief Compliance...
Bitwise Chief Compliance Officer Says Stablecoin Legislation Could Come This Year
23.1.2023
Katherine Dowling, general counsel at the asset management firm, says that because stablecoins are a “narrower issue” lawmakers may be more inclined to tackle the crypto-related framework
Circle CEO: US Stablecoin Legislation Is ‘Lowest-Hanging Fruit’
19.1.2023
Jeremy Allaire says stablecoin regulation will be what lawmakers are focusing on this year because of its straightforward nature and significant growing potential