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U.S. Republican Senators Renew Efforts to Block CBDC Implementation


US Senators have renewed their assault on any potential central bank digital currency (CBDC) based on the dollar. Republican lawmakers including Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd, and Mike Braun, yesterday filed The CBDC Anti-Surveillance State Act. Their proposal pulls no punches....

UK Aims for Stablecoins, Staking Regulations by Mid-2024


The UK government intends to get lawmakers to approve new legislation for stablecoins and staking within the next half-year. The post UK Aims for Stablecoins, Staking Regulations by Mid-2024 appeared first on Cryptonews

US Lawmakers Press Treasury Secretary Janet Yellen on Crypto Oversight Gaps


Four U.S. lawmakers have pressed Treasury Secretary Janet Yellen regarding crypto oversight gaps. The Financial Stability Oversight Council (FSOC), which Yellen chairs, has issued “repeated warnings about the lack of oversight of the digital asset markets,” the lawmakers detailed...

US Treasury Secretary Yellen Highlights Crypto Risks, Urges Legislation


U.S. Treasury Secretary Janet Yellen, leading the Financial Stability Oversight Council, addressed lawmakers about the risks cryptocurrencies pose to the U.S. financial system and called for regulations. During the presentation to the House Financial Services Committee, Yellen detailed concerns...

U.S. Regulatory Approach Pushing Crypto Overseas, New 21Shares Report Says


The push by U.S. lawmakers for stringent regulations in the crypto industry is driving business overseas, a 2024 market outlook report released on January 28 from ETP provider 21Shares revealed. The U.S. Desperately Needs Regulatory Clarity 21Shares’ State of Crypto report claims regularity...

Crypto-Linked Violations Rack Up $2.8B in SEC Fines in 2023


A Cornerstone Research report published Wednesday showed that crypto fines against digital asset market participants hit $2.89b by the end of 2023. That’s an 11% jump from the $2.6b in fines imposed through 2022. The findings show that as the crypto market grows, so does the SEC’s role...

US Treasury Urges Swift Crypto Regulation to Prevent Future Crises


A high-ranking official at the US Treasury has called upon lawmakers to take immediate action concerning crypto regulation to avert any potential future financial crises preemptively. Graham Steele, the Treasury Assistant Secretary for Financial Institutions, argued that the world of crypto offers...

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