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Investors in the new fund included newly rebranded VC firm Dragonfly, hedge fund billionaire Bill Ackman, blockchain game maker and investment firm Animoca, crypto wallet OKX, Mirana Ventures, Republic Capital, CoinDesk parent Digital Currency Group and entrepreneur and former U.S. presidential candidate Andrew Yang, among others. Original Source
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SEOUL, South Korea – A European Union official told attendees at the Korea Blockchain Week conference in Seoul on Tuesday that the Terra collapse would have been impossible under the regulatory requirements laid out in the EU’s Markets in Crypto Assets (MiCA) bill. Source
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Should the bill move forward, boundaries setting which agency regulates what will still need to be created. As for defining who regulates other tokens besides BTC and ETH, Fondo said it would be wise for altcoin issuers to “assume the SEC will actively potentially police” them, should the SEC get
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The Brazilian Congress failed to address a proposed cryptocurrency bill this week. While the proposed public policy was indeed on the agenda, the deputy chamber focused on discussing bills that tend to other issues, including health and digital education problems. The digital currency bill is scheduled to be discussed again
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“Right now, there's really a patchwork of state regulations and no federal agency to conduct oversight over the cryptocurrencies, and we know that needs to change,” said Sen. Debbie Stablenow (D-Mich.), the committee’s chairwoman, who unveiled the bill Wednesday with the panel’s ranking Republican, Sen. John Boozman (R-Ark.). “The money
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United States Senate Agriculture Committee chair Debbie Stabenow and ranking member John Boozman introduced the Digital Commodities Consumer Protection Act bill on Wednesday. The bill has been expected for several months. Like the Digital Commodities Exchange Act (DCEA) introduced into the House of Representatives by members of the House Agriculture
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The United States House of Representatives passed the Chips and Science Act on Thursday by a vote of 243 to 187. The bill, which was introduced into the Senate over a year ago, provides grants and incentives to the semiconductor industry and encourages research. It also creates a blockchain and
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As the U.S. struggles to provide regulatory clarity to the domestic crypto industry, global regulatory frameworks like MiCA could fill the gap. CFTC Commissioner Caroline Pham, who recently relaunched the CFTC’s Global Markets Advisory Committee, told attendees on Thursday that market structures, once set, are extremely difficult to change. Original Source
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The legislation that could establish U.S. regulations for stablecoins has formally been delayed until after the August congressional break, according to Rep. Maxine Waters (D-Calif.), the chairwoman of the House Financial Services Committee. Original Source
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