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Tag: Crypto regulation

US congress, regulation, CFTC

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...

Crypto regulation, Cryptocurrencies, Front page, News

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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 regulation, Cryptocurrencies, News

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Crypto Today Inflation Watch, Ethereum’s Misstep, and India’s Crypto Leap

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...

Bitcoin, Crypto adoption, Crypto regulation, Cryptocurrencies, Ethereum, News

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Antonio Juliano

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...

Crypto regulation, DEX, People in crypto

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UK Passes Bill Recognizing Crypto as Regulated Financial Activity

UK Passes Bill Recognizing Crypto as Regulated Financial Activity

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The UK has officially passed the Financial Services and Markets Act 2023 The bill recognizes crypto as a regulated financial activity within the country The act received royal assent and was approved by King Charles on Thursday The move places the UK ahead of the US in terms of acceptance UK brings regulations to crypto The Financial Services and Markets Bill (FSMB) received Royal Assent from King Charles on Thursday. The...

Blockchain, Crypto regulation, Cryptocurrencies, Front page, Main, News

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