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The panel’s chairman, Rep. Patrick McHenry (R-N.C.), has considered stablecoin legislation a priority since last year, before he took over the committee. When he won the gavel, he continued the work, though Democrats had complained that Republicans were re-writing the bill without their input. They later released their own version.
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United States Securities and Exchange Commission Chair Gary Gensler spoke at a meeting of the commission’s Investor Advisory Committee on March 2 on the topic of asset custody. The committee has a proposed rule for investment advisers on safeguarding investor assets. It was the second statement Gensler has made on
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The Basel Committee on Banking Supervision is calling for feedback on the prudential regulatory treatment of crypto-assets. Feedback received from insiders in both the crypto and traditional finance sectors will be used to draft guidelines for banks interested in dealing with crypto-assets. Although they are wary of risks associated with the
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More than 7,000 people have signed a new petition against drafted cash restrictions in Australia, different drafts of which include and exclude digital currencies from proposed limits.Earlier this week, Robert Barwick, director at the Citizens Electoral Council of Australia, initiated a petition against the proposed "Currency (Restrictions on the
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