Tag: Crypto regulation
As governments around the world begin to establish rules for cryptocurrencies, it is crucial to understand how these regulations may impact the future of digital assets. From the European Union to the United States, the regulatory landscape is changing rapidly.
A Necessary Move
Cryptocurrencies have long been seen as an unregulated space, which has led to distrust and speculation. However, this landscape is changing. According to...
CFTC Chair Declares 70% of Crypto Assets as Commodities
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CFTC Chair Rostin Behnam declares 70% of crypto assets are not securities.
Behnam advocates for CFTC to have complete oversight of the crypto market.
A recent court ruling in Illinois supports the CFTC’s view on the classification of Bitcoin and Ethereum as commodities.
The CFTC has been actively involved in regulating the crypto sector, filing 47 actions in FY 2023.
Behnam stresses the urgent need for Congressional action...
CFTC, Crypto regulation, Cryptocurrencies, Front page, News, SEC
White House Shifts Position on Crypto Regulation: No Veto for Industry Bill
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The Biden administration has decided against vetoing the Financial Innovation and Technology for the 21st Century Act, indicating a significant shift in its stance on crypto regulation.
This development marks a potential turning point for the crypto industry, which has long sought clearer regulatory guidelines.
While the White House opposes the bill, it expresses a willingness to collaborate with Congress to develop a comprehensive and...
Crypto Today: Inflation Watch, Ethereum’s Misstep, and India’s Crypto Leap
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Inflation Figures and Potential Market Shocks
The cryptocurrency market is on high alert for potential shocks as crucial inflation data is due to be unveiled this week, coinciding with the U.S. Federal Reserve’s policy meeting on September 20. The Fed might forgo a rate hike if inflation proves to be under control. Despite Bitcoin’s current sluggish performance, it remains resilient, hovering above $25,700 and drawing positivity from its 200-week...
Bitcoin, Crypto adoption, Crypto regulation, Cryptocurrencies, Ethereum, News
Antonio Juliano: The US is not worth it
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Antonio Juliano, the founder and CEO of dYdX, a decentralized exchange for derivatives, has recently expressed his frustration with US crypto regulation and suggested that the industry should focus on other markets instead.
In a series of tweets, Juliano argued that the US is “not worth it” for crypto businesses due to the lack of clarity and innovation in its regulatory framework. He said that the US is “lagging behind” other countries that...