Cryptocurrency Analysis and News Portal
Three top European regulators will get together to discuss the implications of the Data Act and provide more clarity with the goal of not stifling DeFi innovation. As Europe embarks on its journey to bring clear crypto regulations in place, the blockchain industry is making a final push in preventing
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The House of Representatives of North Carolina has passed legislation to ban payments to the state using a central bank digital currency (CBDC). North Carolina passes legislation against CBDC use House Bill 690 was passed unanimously on May
Read More
Lawmakers from both sides of the aisle in the United States House of Representatives have backed a bill prohibiting members of Congress and their spouses and dependents from trading or owning certain financial instruments — which could extend to investments in digital assets.In a May 2 announcement, Democratic Representatives Alexandria
Read More
“We want to be sure that in any situation, in any circumstance, we will have a framework that would allow all European citizens to pay everywhere in a safe and efficient manner at cheap costs,” Panetta told the committee. He cited ECB research that suggests citizens see the ability to
Read More
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, would not answer a direct question in a congressional hearing about whether ether is a security. While the SEC chair insisted that the law is clear on crypto, Congressman Patrick McHenry argued that the SEC’s regulatory actions say
Read More
“As we've seen in recent months, stringent rules and supervision are very much needed,” the European Commission’s Mairead McGuinness said, citing the collapse of crypto companies FTX, Celsius, Voyager, and the stablecoin terraUSD, and referring to provisions intended to protect consumers, avoid market abuse, and curb money laundering. Source
Read More
The lawmakers also referred to the enforcement actions against crypto companies by the SEC. The US lawmakers have put the chairman of the Securities and Exchange Commission (SEC) Gary Gensler on a hot seat over rushed rulemaking. For the first time since the Republicans took over the House of Representatives
Read More
Polygon Labs, the core company behind the development of Ethereum layer-2 scaling solution Polygon, has called on policymakers in the European Union to “clarify the scope and intent” of legislation targeting smart contracts.In an open letter published to members of the European Parliament, the European Council and the European Commission
Read More
Two Texas lawmakers have introduced identical bills for creating a state-based digital currency backed by gold, a move that comes despite objections from several United States lawmakers against introducing a central bank digital currency (CBDC).Senator Bryan Hughes introduced Senate Bill 2334 on March 10, with Representative Mark Dorazio introducing House Bill
Read More
Two Republican lawmakers from Texas, senator Bryan Hughes and representative Mark Dorazio, have introduced legislation to create a gold-backed digital currency that could be enacted by the state legislature. The policymakers believe that this currency could greatly benefit the Lone Star State and, as an alternative digital currency, it could
Read More