Thursday, April 25, 2024
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FTX-Binance standoff highlights the need for clear rules, says Sen. Lummis

The feud between the CEOs of crypto exchanges FTX and Binance — Sam Bankman-Fried (SBF) and Changpeng “CZ” Zhao — not only crashed cryptocurrency prices but also reminded regulators to step in and avoid similar fallouts in the future.Ever since CZ publicly announced Binance’s intent to liquidate its FTX Token

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The crypto industry can trust Cynthia Lummis to get regulation right

As the world waits to see America’s take on cryptocurrency regulation, crypto enthusiasts should keep one thing in mind: The industry can trust Senator Cynthia Lummis. Her proposal with Senator Kirsten Gillibrand, which we’ve all been waiting for action on, is bipartisan in nature.We’re still awaiting the final details, but

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Congress will likely decide the fate of crypto jurisdiction — Lummis staffer

A United States Senator Cynthia Lummis staffer believes that United States Congress will have to step in and resolve the dispute between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding who regulates cryptocurrencies if the matter cannot be resolved internally. The issue stems from 2014,

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MicroStrategy’s Saylor Believes Bitcoin Will Benefit from the Regulatory Clarity Initiated by Senators Lummis and Gillibrand

Summary: MicroStrategy CEO Michael Saylor believes Bitcoin will benefit from the regulatory clarity initiated through the crypto bill by Senators Lummis and Gillibrand. Mr. Saylor says that such regulatory clarity will facilitate and accelerate the participation of traditional institutional investors. The proposed crypto bill sets to streamline hurdles such as stablecoins, taxes, DeFi,

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Gillibrand and Lummis state that most altcoins are securities

Senators Kirsten Gillibrand and Cyntia Lummis believe that most altcoins would likely be considered securities under their proposed new legislation — but confirmed that Bitcoin (BTC) and Ether (ETH) will be classified as commodities. Lummis and Gillibrand both agreed with Securities and Exchange Commision Chair Gary Gensler’s assessment that most cryptocurrencies

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Senators Bragg and Lummis discuss crypto laws collaboration between US, Australia

Australian Senator Andrew Bragg hasmet with U.S. Senator Cynthia Lummis to discuss potential collaboration on cryptocurrency regulation between the two countries. Senator Bragg is a crypto-friendly politician from the ruling Liberal Party (a conservative center right party) that has been one of the driving forces behind a proposed forward-thinking regulatory

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