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SEC Commissioner Mark Uyeda calls for the development of clear regulations for cryptocurrencies, critiquing the SEC’s current enforcement-focused approach as inadequate for legal precedent and market stability. In comments made on Nov. 6, SEC Commissioner Mark Uyeda highlighted a pressing need for the Securities and Exchange Commission to pivot towards proposing
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The U.K. government published plans for regulating crypto last week. Source
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At the same time, stablecoins’ prominence in the crypto industry has led to widespread concerns about their so-called stability. In May of 2022, the algorithmic stablecoin project Terra Luna collapsed, leading to losses of billions of dollars in value. There has long been widespread concern about the world’s dominant stablecoin,
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The Australian federal government is charging forward with plans to regulate the digital asset sector at the exchange level, and may soon require cryptocurrency exchanges to hold a financial services license issued by the local financial regulator.In the newly-unveiled “Regulating digital asset platforms” consultation paper, released on Oct. 16, the
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The initiative follows the introduction of a roadmap proposed in a synthesis paper by the IMF and FSB, aimed at fostering international policies and regulations for crypto assets With the growing participation of investors in the crypto market, the group of G20 Finance Ministers and Central Bank Governors (FMCBG) have agreed
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Despite the boom in blockchain technology and digital assets, bureaucrats like Securities and Exchange Commission (SEC) Chairman Gary Gensler want to stifle their development in the United States through unlawful, overbearing regulations based on a misguided approach that lacks understanding of their potential. Thankfully, the courts have slapped down Gensler’s
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Britain’s Financial Services Minister Andrew Griffith stated on Thursday that classifying crypto assets as a form of gambling would create discord with global and European Union regulators. This statement was a response to the Parliament’s Treasury Select Committee’s report
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“A system of gambling regulation, in isolation, would be unlikely to address these risk factors” such as the commingling of customer funds alleged of crypto exchange FTX, or correct problems linked to insider trading and market manipulation that are covered by traditional financial regulation, the government added. Source
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United States Senator Jack Reed sponsored a bipartisan bill introduced into the Senate on July 18 that would tighten Know Your Customer and Anti-Money Laundering (KYC/AML) and sanctions requirements for decentralized finance (DeFi). According to a news release on Reed’s website, the bill is titled the Crypto-Asset National Security Enhancement
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A new bill from Sen. Jack Reed would impose strict requirements on DeFi protocols under the guise of national security. Source
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