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U.S. Senator Cynthia Lummis (R-Wy.), a number of crypto lobbying organizations and a group of professors called on a federal court to dismiss a Securities and Exchange Commission (SEC) lawsuit against crypto exchange Coinbase Friday. Original Source
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"Crypto remains high-risk and the new rules are aligned with the existing rules for promoting other high-risk investments. We’ve conducted extensive consumer research, behavior testing and considered responses to both our discussion and consultation paper on the matter," an FCA spokesperson said in an email to CryptoX. "These rules are
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“Though not in the bank’s near-term ambitions, a digital pound could one day unlock real-time and low-cost cross-border transactions directly from their users’ digital wallets, eliminating the need for intermediaries and reducing transaction fees,” Adam Jackson, policy advisor at Innovate Finance told CryptoX in a statement. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Blockchain Association, a prominent US crypto lobbying group, has lodged a formal inquiry with the US Securities and Exchange Commission (SEC) to acquire information about the relatively unknown crypto firm, Prometheum. This move comes after Prometheum’s
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Above all, many have questioned whether Prometheum has been accurate in presenting itself as a fully regulated crypto exchange, a claim that supports the SEC’s ongoing enforcement agenda. Despite this self-characterization, Prometheum is not currently operational, and there are major unanswered questions about its path forward. Source
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The Blockchain Association and the DeFi Education Fund have become the latest industry advocates to file their support of Coin Center’s lawsuit against the United States Treasury over its “unlawful” sanctions aga Tornado Cash.On June 2, the two cryptocurrency industry advocacy groups filed a joint amicus brief in support of
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A crypto lobbying group based in Singapore has voiced its opposition to the proposal from the central bank to prohibit crypto firms from lending crypto tokens. On Oct. 26, Singapore's central bank issued consultation papers and proposed to ban digital payment token service providers from offering "any credit facility" to consumers.
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Cryptocurrencies will be a hot topic as the United States Congress resumes and the battle lines are drawn between lawmakers for and against the fledgling financial industry.But the Blockchain Association reports that more than 100 crypto industry advocates are fighting to help strike the right balance between protection and innovation.The
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The crypto industry is baring its teeth in long-fought battle over spot exchange-traded funds, getting set to issue a report critical of how the Securities and Exchange Commission has handled itself. Original Source
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Social media giant Facebook has hired two more lobbyists to aid the release of its forthcoming Libra stablecoin.As Bloomberg reported on Sept. 5, lobbying disclosures filed earlier this week revealed that William Hollier, the president of legislative and regulatory counseling firm Hollier Associates LLC, began lobbying for Facebook on
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