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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has asked SEC staff to collaborate with the Commodity Futures Trading Commission (CFTC) to develop a new plan to regulate cryptocurrency trading platforms. SEC Wants to Work With CFTC on Regulating Crypto Exchanges The chairman of the U.S. Securities and
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Democratic Senator Ron Wyden is digging into the activities of crypto companies that take advantage of tax breaks provided by the Opportunity Zone program.Senator Wyden’s main concern stems from the perception that some crypto companies may be taking advantage of what he called “a lack of safeguards and transparency measures”
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Federal Reserve Chairman Jerome Powell emphasized on Wednesday that technology transformation is here to stay in the financial sector and that new regulations will be required. Powell revealed some insight into how the United States would govern the market during a presentation at the Bank of International Settlements Innovation Summit on
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“If this forecast comes to pass, they’re going to lean on the markets; they’re going to want people to lose money,” said James A. Bianco, president and macro strategist at Bianco Research. “Will that hurt crypto markets and risk markets like stocks? Yes, and that’s part of the plan. They
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Former Federal Reserve Board governor Sarah Bloom Raskin has withdrawn her name for consideration as the central bank’s vice chair for supervision in an attempt to allow other nominations to move forward.According to a Tuesday tweet from Washington Post journalist Seung Min Kim, Raskin sent a letter to U.S. President
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Federal Reserve Chair Pro Tempore Jerome Powell and some members of the United States House of Representatives called for congressional action on crypto in response to discussions about Russia potentially evading sanctions.In a Wednesday hearing of the House Financial Services Committee on “Monetary Policy and the State of the Economy,”
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“[The Ukraine-Russia conflict] underscored the need for congressional action on digital finance including crypto currency,” Fed Chair Jerome Powell said in Congressional testimony on Wednesday. Original Source
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Giancarlo, nicknamed “Crypto Dad” by many, began his CBDC advocacy in 2020 through the Digital Dollar Project, which launched a pilot program for the greenback last year. In a Wall Street Journal op-ed, he argued that if the U.S. could send a man to the moon, the country could send
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Gary Gensler, chair of the U.S. Securities and Exchange Commission, has responded to a letter from lawmakers calling the regulator denying approval of Bitcoin spot exchange-traded funds “unacceptable.”In a Tuesday letter from Gensler addressed to Minnesota Representative Tom Emmer, the SEC chair hinted that the regulatory body was no closer
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Commodity Futures Trading Commission chair Rostin Behnam is looking to members of Congress to address the Commission’s lack of enforcement authority in the digital asset space.At a Wednesday hearing titled “Examining Digital Assets: Risks, Regulation, and Innovation,” Behnam told lawmakers with the Senate Committee on Agriculture, Nutrition, and Forestry that
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