In a thought-provoking address at the ETHDenver Web3 hackathon, US Securities and Exchange Commission (SEC) Commissioner Hester Peirce expressed her concerns over the regulatory body’s handling of the cryptocurrency industry. Known for her pro-crypto stance and support for blockchain technology, Peirce lamented the lack of clear rules and the SEC’s …
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A Texas-based crypto company, Lejilex, along with the Crypto Freedom Alliance of Texas (CFAT), has filed a lawsuit against the US Securities and Exchange Commission (SEC), alleging ‘regulatory overreach’ and seeking ‘clarity on the classification of digital assets.’ The lawsuit, filed in a federal court in Fort Worth, contends that …
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The future of cryptocurrency regulation in the United States hangs in the balance, caught between the push for stricter controls and concerns about stifling innovation. A recent letter from key members of Congress throws a curveball into Treasury Secretary Janet Yellen’s call for tighter regulations, specifically questioning the effectiveness of …
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In a long-awaited move, Bitcoin ETFs have finally entered the market after receiving approval from the US Securities and Exchange Commission (SEC) on January 11. However, the Commodity Futures Trading Commission (CFTC) chair, Rostin Behnam, has expressed concerns about the regulatory landscape surrounding these new index funds. CFTC Chair Questions …
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Screen bodies around the world are uniting in an unprecedented attempt to get governments to take action on streamer regulation. Twenty influential screen production organizations have issued a statement demanding lawmakers protect producers and local content. The joint statement (read it in full below) from production bodies from Canada, Australasia, …
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In recent years, AI trading has emerged as a powerful force in the financial markets, revolutionizing the way trades are executed and decisions are made. As this technology continues to advance, questions about government regulation and its role in AI trading’s future have become the focus of much debate. Understanding …
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The House Financial Services and House Agriculture Committees have advanced bills actively seeking to provide a clear regulatory framework to govern the crypro and stablecoin market. In 2023, the crypto industry witnessed a substantial surge in lobbying efforts aimed explicitly at shaping stablecoin regulations and influencing legislative outcomes in the …
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Senator Elizabeth Warren has been a vocal advocate for crypto regulation, consistently highlighting the risks posed by unchecked illegal activities. United States lawmakers, led by Democratic Senator Elizabeth Warren of Massachusetts, have announced an extended coalition of Senate support for the bipartisan Digital Asset Anti-Money Laundering (AML) Act in a …
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Cryptocurrencies have been around for over a decade; yet, it’s only in recent years that the mainstream has recognized the full extent of their utility. Whether your business is using Bitcoin as a hedge against traditional currencies, trying to avoid the exorbitant fees charged by financial services institutions, or just …
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Coinbase CEO Brian Armstrong voiced frustration over the charges. He mentioned how his company has provided a lot of clarity to the SEC but the commission on the other hand is not making matters easier. Despite over 30 meetings with the SEC in the past 18 months aimed at gaining …
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In the new letter filed at the US Court of Appeals for the Third Circuit, Coinbase’s legal team believes that only the court can order the SEC to do its bidding to provide a clear regulatory framework for the crypto space instead of choosing to control the industry by enforcement. …
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Ethereum co-founder Vitalik Buterin recently authored a research paper, the primary focus of which was integrating privacy features into blockchain transactions while ensuring compliance with a range of regulatory requirements. Experts from various backgrounds collaborated on this research project, including early Tornado Cash contributor Ameen Soleimani, Chainalysis chief scientist Jacob …
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