Cryptocurrency Analysis and News Portal
Officials with the United States Financial Stability Oversight Council, or FSOC, have recommended U.S. lawmakers pass legislation to determine which “rulemaking authority” will be responsible for regulating parts of the crypto spot market.In an Oct. 3 meeting of the FSOC, Jonathan Rose, a senior economist at the Federal Reserve Bank
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New CEO Jared Grey said he plans to work out the kinks associated with Sushiswap’s internal structure that may have prompted departures in the past. Source
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DeFi Ledgers Can Help Regulators Oversee Sector, BIS Official Says Source
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Centre, the consortium founded by Circle and Coinbase in 2018 to govern USD Coin (USDC), announced Tuesday that Linda Jeng, a current Georgetown law professor and former regulator with the U.S. Securities and Exchange Commission (SEC), would be joining as Centre’s chief policy and regulatory officer. Source
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Dubai has adopted its first law to regulate the crypto sector. It has also established a dedicated regulator to oversee crypto activities and related service providers. Crypto Sector Regulated in Dubai The emirate of Dubai has adopted its first law to regulate crypto assets and established a regulator to oversee crypto activities
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The European Commission, in coordination with other authorities, reportedly plans to have its financial watchdog group potentially oversee illicit transactions at crypto firms.According to a Tuesday Bloomberg report, a group of European Union member nations led by Germany and including The Netherlands, Spain, Austria, Italy and Luxembourg plan to include
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CFTC chair Rostin Behnam also requested that Congress fund his agency with an additional $100 million to properly oversee crypto markets. Source
Read MoreUnited States Attorney General William Barr announced that President Trump will most likely task Jay Clayton as the legal enforcer for a chunk of New York — a state that has historically held a heavy-handed regulatory stance on crypto. Barr said in a June 19 statement from the Department of Justice,
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