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In response to a question that asked why the SEC seemed to regulate by enforcement instead of by rulemaking, like the European Union's Markets in Crypto Assets (MiCA), Gensler said "we have done some rulemaking" including "notice and comment rulemaking" and "special purpose broker-dealer" licensing. Original Source
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DeSantis in March signed a bill as Florida’s governor to prohibit the use of CBDC’s within his state. Original Source
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Hector now plans to redistribute the proceeds of its treasury to HEC holders proportionally and based on their positions as of July 14. The final amount distributed could be lower than $16 million, as “all contractual, statutory and other legal obligations, including costs of the liquidation, must be fully settled”
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Depositing bitcoin via Lightning is faster and cheaper than on the main blockchain; the base fee on lightning is $0.04, whereas regular bitcoin deposits spiked to as high as $30 in May, according to ycharts. Transactions also settle in under a minute, with regular bitcoin transactions taking roughly 10 minutes
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Gnosis Card, which uses the Visa payment system, will be a debit card directly connected to a user’s on-chain account, built on the Gnosis Pay decentralized payment network, according to Gnosis. Users’ wallets – in this case Safe wallets – will act like a bank account, and every Gnosis Card
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Andy Curry is the ICO's Head of Investigations.
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The Financial Stability Board (FSB), which groups regulators from some two dozen jurisdictions, including the U.S., EU, China and the U.K., published recommendations to ensure “consistent and comprehensive” regulation of the sector. The recommendations build on proposals originally floated in October and are focused on preventing the kind of behavior
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Gensler’s tough cop routine, which to some extent is precisely the point of this crusade against crypto, cannot be abandoned. That would signal weakness, and weakness is political death. The more likely play of a masterful political operator, which the chair undoubtedly is, is to double down on enforcement and,
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Coinbase and Binance have a new precedent to cite in court – if the decision survives potential appeal. That’s no sure thing, lawyers said. Original Source
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Web2 economics don’t work for artists and writers, says CoinDesk's Michael Casey. Original Source
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