11 / 12 Relevant items tagged with #CryptoRegulation

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Janet Yellen Says ‘Critical’ to Establish Strong Crypto Regulation — ‘We Haven’t Suggested Outright Banning’

[Feb 26, 2023 9:00 PM] U.S. Treasury Secretary Janet Yellen says “it is critical to put in place a strong regulatory framework” for crypto on the sidelines of the G20 meeting for finance ministers and central bank governors. “We haven’t suggested…

Hong Kong’s crypto ambition gets subtle nod from Beijing: Report

[Feb 20, 2023 11:39 PM] While China has cracked down on cryptocurrencies in the mainland, it's apparently taking a softer approach to Hong Kong's crypto hub aspirations.

Custodia Bank CEO slams Washington’s ‘misguided crackdown’ on crypto

[Feb 17, 2023 11:40 PM] Caitlin Long revealed that she had warned government agencies of major “fraud” in the crypto space months before several firms went bankrupt.

Coinbase CEO Urges Congress to Pass Clear Crypto Legislation — Warns America Risks Losing Financial Hub Status

[Feb 17, 2023 8:00 PM] Coinbase CEO Brian Armstrong has called on Congress to pass clear crypto legislation, warning that the U.S. risks losing its status as a financial hub. “Crypto is open to everyone in the world and others are leading,” the executive…

US Senator Calls for Comprehensive Crypto Regulation to Protect Consumers

[Feb 16, 2023 4:35 PM] The chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Sherrod Brown, has called for a comprehensive regulatory framework for cryptocurrencies. “Recent crypto meltdowns have made clear that we need a comprehensive…

SEC Chairman Proposes Amending Federal Custody Rules to Cover ‘All Crypto Assets’

[Feb 15, 2023 7:00 PM] U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lending platforms may claim to…

El Salvador Considers Opening Second Bitcoin Embassy in Texas to Boost Economic Exchange

[Feb 15, 2023 11:30 AM] On Feb. 14, 2023, Milena Mayorga, the Salvadoran ambassador to the United States, announced that her country is considering opening a second bitcoin embassy in the Lone Star State. Mayorga said that Texas is “our new ally” and the goal…

3 reasons why Binance’s BNB token risks sliding further by March

[Feb 15, 2023 6:02 AM] A slew of technical, fundamental and on-chain indicators hint at more pain for BNB’s price in February.

Stablecoins not the target in BUSD crackdown: Matrixport head of research

[Feb 13, 2023 11:51 PM] Crypto financial service Matrixport’s head of research believes regulators are not targeting all stablecoins with the regulatory crackdown on BUSD issuer Paxos.

Ethereum price risks 20% correction amid SEC’s crackdown on crypto staking

[Feb 10, 2023 1:43 AM] Ethereum may experience a drop in user activity alongside ETH price, with crypto staking in the crosshairs of the SEC.

Crypto firms could face 2 years jail for breaching UK advertising laws

[Feb 6, 2023 8:29 PM] Crypto firms in the United Kingdom could face some harsh punishments under the FCA's proposed financial promotions regime.

Crypto needs ‘adult supervision’ and turmoil to ‘grow up’ — Microstrategy co-founder

[Feb 5, 2023 7:39 PM] The bankruptcies of once high-profile crypto players are “painful” but helpful said Michael Saylor but added industry oversight is still needed.

US Senator Focused on Crypto Money Laundering Crackdown — Urges Congress, Regulators to Take Action

[Jan 29, 2023 6:30 PM] U.S. Senator Elizabeth Warren has called on Congress to ensure regulators, such as the Securities and Exchange Commission (SEC), have the tools to regulate the crypto industry effectively and crack down on crypto money laundering activities…

White House Publishes ‘Roadmap’ to Mitigate Cryptocurrency Risks

[Jan 28, 2023 5:30 PM] The White House has published a “roadmap to mitigate cryptocurrencies’ risks.” The roadmap calls for authorities to “ramp up enforcement where appropriate” and Congress “to step up its efforts” to regulate…

SEC Commissioner Calls for ‘Consistent Legal Framework’ for All Asset Classes, Including Crypto

[Jan 27, 2023 9:30 PM] A commissioner with the U.S. Securities and Exchange Commission (SEC) has called for “a coherent and consistent legal framework that works across all asset classes,” including crypto assets. She warned that the SEC’s current…

Former SEC chief blasts ‘bogus’ catchphrase: ‘Regulation by enforcement’

[Jan 22, 2023 9:47 PM] Lawyer and former SEC official John Reed Stark came out in defense of the SEC’s enforcement efforts in the crypto space.

Swyftx to chop its ‘Earn’ program this week, citing murky regulations

[Jan 8, 2023 11:59 PM] Australian crypto exchange Swyftx has decided to close its Earn program due to a lack of clarity around crypto products regulation.

Crypto could spark the next financial crisis, says India’s RBI head

[Dec 21, 2022 8:10 PM] Reserve Bank of India Governor Shaktikanta Das warned that if crypto becomes regulated and is allowed to grow, it could cause the next financial meltdown.

G20 Countries to Build Crypto Policy Consensus for Better Global Regulation

[Dec 17, 2022 9:00 PM] The G20 countries aim to build a policy consensus on crypto assets for better global regulation. “After the crypto meltdown which we have seen recently, it is clear that we need internationally agreed standards on regulation,” said the…

FTX Collapse Has Rekindled Security and Reliability Concerns for Web3 Projects Says Marketing Expert

[Dec 17, 2022 5:30 AM] The fallout from the collapse of failed crypto exchange FTX is forcing Web3 brands, and projects previously focused on managing the public’s perception, to concentrate on fighting for their very legitimacy, Laura K. Inamedinova, a Web3…

Rep. Tom Emmer mulls bringing back bill aimed at reducing crypto red tape

[Dec 14, 2022 9:36 PM] Tom Emmer is considering reintroducing a bill that removes the requirement for entities to be registered as money transmitters if they don’t handle customer assets.

Crypto will be regulated as securities — ICE boss and Senator Warren

[Dec 6, 2022 8:38 PM] Senator Elizabeth Warren’s bill seeks to hand control to the SEC, imposing new obligations on centralized crypto firms, something Jeffrey Sprecher thinks will be good for crypto.

EU Parliament to ‘Vote on Adopting the Regulation on MiCA’ — Expert Says Industry Needs Legal Clarity

[Dec 3, 2022 12:30 AM] In a recent statement, the European Parliament said its members would shortly “vote on adopting the regulation on markets in crypto-assets (MiCA).” According to the parliamentary body’s think tank, the envisaged regulations are…

Blockchain Pilgrimage: Regulating Crypto ‘Should Be Combined With Education’ Says Top Wadzpay Executive

[Nov 29, 2022 5:30 AM] The collapse of Do Kwon’s Terra empire in May, and Sam Bankman-Fried’s FTX in early November 2022, will be remembered as two incidents that put the crypto industry on the back foot. It is now widely expected that regulators around the…

Calls for regulation get louder as FTX contagion continues to spread

[Nov 28, 2022 9:05 PM] The FTX saga has made some crypto executives, researchers, analysts, and politicians more aligned on regulation than ever.

FTX fall was ‘incredibly damaging,’ crypto must foster real utility: Ripple policy lead

[Nov 27, 2022 8:02 PM] Ripple’s APAC policy director said the collapse of FTX is exactly why crypto needs to move away from "hype cycles" and towards "real utility."

NYDIG Analyzed The FTX Collapse And Its Implications. What Did We Learn?

[Nov 19, 2022 2:19 AM] It’s time for NYDIG to chip in. The FTX fiasco is the theme of the month in the crypto world, and the show’s just beginning. The NYDIG research team avoids the temptation to summarize the whole saga and goes straight to the implications of the fall…

US Senator Urges Congress to Pass Her Crypto Bill — Claims It Would’ve Prevented FTX Bankruptcy

[Nov 17, 2022 9:00 PM] U.S. Senator Cynthia Lummis believes that the FTX bankruptcy wouldn’t have happened under the Lummis-Gillibrand crypto bill. She stressed: “It’s clearer now than ever before that we need comprehensive regulation in the digital…

SEC Enforcement Remains Focused on Crypto — Chair Gensler Says He’s ‘Impressed’ With Enforcement Results

[Nov 16, 2022 5:00 PM] The U.S. Securities and Exchange Commission (SEC) says its Enforcement Division “remains focused on the rapidly evolving crypto asset securities space.” The securities regulator filed 760 enforcement actions in total this fiscal year…

Mark Cuban Says FTX Implosion Isn’t Crypto Blowup — Explains Why He Invests in Crypto

[Nov 15, 2022 7:30 PM] Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, says recent blowups in the crypto space, including the FTX implosion, “have been banking blowups,” not crypto blowups. He also explained why he invests in…