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State of Crypto: Interpreting the Paxos-Binance Tea Leaves
15.2.2023
Remember how the U.S. Securities and Exchange Commission’s declaration of war against crypto staking was big news for like two days? This week we’re looking at the other big news from last week: Paxos and the Binance USD stablecoin it issues. The SEC has apparently alleged the sale of BUSD violates...
Bitcoin, Ether Drop as Investors Fret Over Inflation Data, Stablecoin Regulation
13.2.2023
The largest cryptocurrency by market value continued to linger below $22,000. Ether fell below $1,500
Stablecoin Regulation Is First on New Subcommittee’s To-Do List, Says Chairman
26.1.2023
French Hill, a Republican, said the newly formed subcommittee on digital assets will look to tackle stablecoins first
Bank of Canada emphasizes need for stablecoin regulation as legislation is tabled
19.12.2022
A note by central bank researchers says regulation is the key to reaping the benefits of fiat-referenced crypto assets after the Canadian parliament fails to consider legislation
Shark Tank Superstar Believes Crypto Bull Market Will Start After This One Event
17.10.2022
Famous Canadian businessman and television personality Kevin O'Leary, aka Mr. Wonderful, argues that once a specific stablecoin bill is passed and “institutions smell policy, then you’ve got a real move up,” and that’s when bitcoin (BTC) breaks out of the $19,000-$22,000 trading range....
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A Former CFTC Chair Thinks There is No Need For New Laws on Stablecoins: Here’s What He Said
23.9.2022
Timothy Massad, former chairman of the Commodity Futures Trading Commission (CFTC) and a current research fellow at Harvard's Kennedy School of Government, argued that regulatory progress on stablecoins can be made immediately by utilizing the current laws....
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Stablecoins Regulation Looms Large in Bill Before US Congress – Algo Versions Face Ban
21.9.2022
While its final version is still very much unclear, the draft stablecoin bill in the United States House of Representatives would reportedly place a two-year ban on algorithmic stablecoins for two years, while allowing banks and nonbanks to issue stablecoins.
According to Bloomberg, the latest...
Draft US stablecoin bill would ban new algo stablecoins for 2 years
21.9.2022
It’s reported the bills' definition will cover “endogenously collateralized stablecoins,” which depend on the value of an attached cryptocurrency from the same creator for it to maintain a stable price
Seoul Says It Is Talking to Int’l Counterparts About Streamlined Stablecoin Regulations
18.8.2022
South Korean regulators say they will move to regulate stablecoins in the wake of the “Terra/LUNA incident.”...
Read More: Seoul Says It Is Talking to Int’l Counterparts About Streamlined Stablecoin Regulations
Singaporean financial watchdog to consult public on stablecoin regulation
2.8.2022
The financial regulator admits it’s high time to shift the focus from the KYC/AML issues to more nuanced risks, poised by stablecoins
7 DeFi Risks You Should be Aware of According to CoinShares
14.7.2022
Risks are inherent to all financial sectors, and decentralized finance (DeFi) is no exception.
The most common forms of financial risk in traditional finance (TradFi) include credit risk, liquidity risk, asset-backed risk, foreign investment risk, equity risk, and currency risk.
While some...
UK Affirms Commitment to Regulate Stablecoins Following Terra Meltdown
16.5.2022
The British Treasury Department has affirmed its commitment to regulate stablecoins after the collapse of terrausd (UST) and terra (LUNA). “This will create the conditions for issuers and service providers to operate and grow in the U.K., whilst ensuring financial stability and high...
SEC Commissioner Expects Tighter Stablecoin Regulation — Yellen Says Stablecoins Not Real Threat to Financial Stability
15.5.2022
A commissioner with the U.S. Securities and Exchange Commission (SEC) expects to see stricter regulation on stablecoins. However, Treasury Secretary Janet Yellen says stablecoins are currently “not a real threat” to the country’s financial stability. SEC Commissioner...
SEC's Hester Peirce says new stablecoin regs need to allow room for failure
13.5.2022
The SEC’s “crypto mom” Hester Peirce has said the regulatory “movement” around stablecoins needs to allow for “trial and error” and room for failure
US SEC Chair Worries 'Commingling' by Crypto Exchanges Could Endanger Clients’ Assets
11.5.2022
Cryptoasset exchanges are not placing walls between respective parts of their activities, such as trading, custody, and marketing services, which could lead to the “commingling” of their activities, and put their clients’ interests in jeopardy, according to Garry Gensler, Chair of the U.S....
US Lawmakers Push for Urgent Stablecoin Regulation — Fed Warns of Stablecoin Runs, Janet Yellen Cites UST Fiasco
11.5.2022
As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks of stablecoin runs that threaten the country’s financial stability. Treasury Secretary Janet Yellen brought up the terrausd...
US Treasury Secretary reaffirms need for stablecoin regulation following UST crash
10.5.2022
Janet Yellen said it would be “highly appropriate” to aim for “a consistent federal framework” on stablecoins by the end of 2022 in the U.S. given the growth of the market
The United States turns its attention to stablecoin regulation
7.5.2022
The U.S. continues to be a global leader in regulating and embracing the cryptocurrency industry, but the Stablecoin TRUST Act may set up some barriers for newcomers
Bipartisan bill to give CFTC authority over exchanges and stablecoins
29.4.2022
The Digital Commodity Exchange Act would give the commodities regulator the authority to determine rules for cryptocurrency developers and exchanges offering spot trading
Regulatory Clarity, More Transactional Use Could Boost Stablecoin Adoption - Crypto Summit Panel
26.4.2022
The USD 80bn-heavy stablecoin industry requires more regulatory clarity and harmonization across jurisdictions, but the coins' increased use for transactions is the ultimate factor that will boost adoption across the world, according to the participants of a discussion held at the Crypto...