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Tag: Crypto regulation

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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Jerome Powell

Jerome Powell: Crypto Appears To Have Staying Power As An Asset Class

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Federal Reserve Chair Jerome Powell recently made statements acknowledging the staying power of cryptocurrency as an asset class. During his testimony before lawmakers, Powell stated that “crypto appears to have staying power as an asset class”. He also spoke about stablecoins as a form of money, stressing the need for robust federal regulation on digital assets, including payment stablecoins. Market Reaction The...

Bitcoin, Crypto regulation, Cryptocurrencies, People in crypto

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SEC - US Securities and Exchange Commision

US Lawmakers Introduce Bill to Fire SEC Chair Gary Gensler

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Two Republican congressmen, Warren Davidson and Tom Emmer, have introduced a bill to fire Securities and Exchange Commission (SEC) Chair Gary Gensler. The bill, called the “SEC Stabilization Act,” would also restructure the SEC and decentralize its power. Davidson and Emmer have been critical of Gensler’s handling of the crypto market, saying that he has been “incompetent” and has driven the industry...

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

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Major Altcoins Fall 20% After SEC Lawsuit

Major altcoins fall by 20% after SEC lawsuit

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In Brief: Tokens of major blockchain networks slid more than 20% in the past 24 hours. The slide is likely due to a risk-off event that followed the SEC’s lawsuit against Binance and Coinbase. Solana (SOL), polygon (MATIC), and Cardano (ADA) fell as much as 25% within hours. Bitcoin has managed to hold up relatively well due to its dominance in the crypto market. Some speculate that a major crypto fund may have sold its...

Altcoins, Bitcoin, Crypto regulation, Front page, Main, News

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Austin Campbell

Austin Campbell: I think we can do better in America

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Austin Campbell, former chief risk officer for stablecoin firm Paxos, recently spoke at a U.S. Subcommittee on Digital Assets, Financial Technology, and Inclusion hearing. He expressed concern that the lack of stablecoin regulation in the United States could push issuers out of the country. Campbell stated that other countries such as Singapore, Dubai, Abu Dhabi, and the United Kingdom have already proposed frameworks for stablecoins that...

Crypto regulation, Cryptocurrencies, People in crypto

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