The ongoing FTX saga is proof that the cryptocurrency industry urgently needs to embrace some level of regulatory oversight. News of FTX’s collapse hit the market like a bombshell. The catastrophic da...
Tag: Lawmakers
FTX Collapse Sparks Alarm From US Lawmakers
“For four years, under my leadership as Chairwoman, the Committee on Financial Services has led the way in examining and investigating the cryptocurrency marketplace. This includes the Committee...
Lawmakers Urge Faster Processing Of Gun Sales During Black Friday Boom
Background checks may face additional delays as a result of understaffing at the FBI, say Senators Joni Ernst (R-Iowa) and Chuck Grassley (R-Iowa). Anadolu Agency Black Friday tends to be a big day fo...
US Lawmakers ‘Deeply Concerned’ That SEC Is Enacting Rules Too Quickly, Without Sufficient Feedback – Regulation Bitcoin News
Two U.S. lawmakers have requested answers from the Securities and Exchange Commission (SEC) about its rulemaking process. Their request followed the latest SEC Inspector General report that “raises si...
UK lawmakers open inquiry into NFT regulation — ‘there are fears that the bubble may burst’
Members of the United Kingdom’s Digital, Culture, Media and Sport Committee have opened an inquiry to hear from the public on the potential benefits and risks of nonfungible tokens, or NFTs, and block...
74 US Lawmakers Violated Insider Trading Laws but Won’t Face Charges
US regulators have been complicit as belligerent lawmakers allegedly broke a law meant to prevent insider trading and conflict of interest. Some 74 members of Congress will likely go scot-free after t...
UK lawmakers increase suppression of crypto advertising
On top of some of the harshest restrictions for crypto companies looking to receive a licence to operate in the UK, lawmakers have added further barriers on crypto advertising. Come to the UK where ...
US Lawmakers Accuse Gary Gensler of ‘Hypocritical Mismanagement of SEC’ — Say the Chairman ‘Refuses to Practice What He Preaches’ – Regulation Bitcoin News
Four congressmen have accused the U.S. Securities and Exchange Commission (SEC) under Chairman Gary Gensler of “regulatory hypocrisy and inconsistency.” They added: “While the SEC is failing to comply...
South Korean lawmakers seek tough punishments for crypto fraud
The National Assembly of South Korea is collaborating with the country’s Financial Services Commission on a bill that seeks to introduce greater oversight of crypto firms and introduce tough punishmen...
U.S Lawmakers raised concern about revolving doors between financial regulators and crypto industry
“Over 200 government officials have moved between public service and crypto firm” Five U.S lawmaker have sent letter to seven financial regulators asking about the measures they are taking to prevent...
US Lawmakers Probe SEC, Treasury, Federal Reserve Over Revolving Door With Crypto Industry – Regulation Bitcoin News
U.S. lawmakers have raised concerns about the revolving door between financial regulators and the crypto industry. “Over 200 government officials have moved between public service and crypto firms,” t...
UK Lawmakers Vote to Recognise Crypto as Financial Instruments
Lawmakers in the United Kingdom voted in favour of recognising cryptocurrency assets as regulated financial instruments on Tuesday. The lower house of the U.K. Parliament, The House of Commons, met on...
UK Lawmakers Favor Regulating Crypto As Financial Instrument
Following the appointment of the new prime minister in the UK, who is a pro-crypto-enthusiast, the lower parliament house of the state assembly votes in favour of regulating virtual assets as per the ...
US lawmakers express concern over crypto firms hiring former government officials
Five US Democratic lawmakers led by Senator Elizabeth Warren have written the heads of several financial regulators in the country, enquiring about the “revolving door’ between government agencies and...
US lawmakers question regulators over ‘revolving door’ with crypto industry
Several Democratic members of the United States Senate and House of Representatives have requested information from top regulators and agencies in the country regarding crypto firms hiring government ...
New NFT Rules Possible if Lawmakers Ask, EU Official Says
While, legally, the commission isn’t obliged to comply with lawmakers’ wishes, “if there is a strong political indication or wish for an initiative, that may move the Commission into presenting ...
UK Lawmakers Vote to Include Crypto in Financial Markets Bill
A new amendment to the Financial Services and Markets Bill could regulate crypto assets like Bitcoin alongside stablecoins. Lawmakers in the House of Commons voted in favor of a proposal by parliament...
UK lawmakers votes to recognize crypto as regulated financial instrument
UK lawmakers in the House of Commons have voted to recognize crypto as a regulated financial instrument in the country. The proposal, which was introduced by Parliamentarian Andrew Griffith, received ...
Crypto’s ‘Revolving Door’ Hires Are Raising Eyebrows Among US Lawmakers
Over 200 government officials have left their public service posts to move into senior positions at crypto startups, the lawmakers say Many of these individuals later serve as “advisers, board members...
UK Lawmakers Vote to Recognize Crypto as Regulated Financial Instruments
The House of Commons, the Parliament’s lower house, met on Tuesday for a line-by-line reading of the proposed Financial Services and Markets Bill, which broadly covers the U.K.’s post-Brex...
French Lawmakers Approve New Boss for Finance Watchdog
“I greatly admire the approach that was taken by the AMF” in setting up the system and ensuring protections for young investors seeking to get into crypto, said Barbat-Layani, who was Director-General...
U.S. Commissioner pushes lawmakers to speed up with crypto regulations
While the European Union moves swiftly through the legislative stages with the Markets in Crypto-Assets (MiCA) framework, a groundbreaking framework for cryptocurrencies, its financial services chief ...
EU Commissioner urges lawmakers to hurry up with crypto regulations
While the European Union proceeds with smoothly passing its landmark crypto framework, the Markets in Crypto-Assets (MiCA), through the legislation phases, its financial services chief is urging her U...
Cardano Founder Says Bitcoin Mining Is Point of Contention for U.S. Lawmakers
Alex Dovbnya Cardano founder says there are some calls to ban Bitcoin mining if miners fail to achieve carbon neutrality Contents Securities and commodities Productive cooperation Cardano founder Char...
Lawmakers Subpoena Trump In Final Hearing
Topline The House select committee investigating the January 6 Capitol riot voted to subpoena former President Donald Trump on Thursday, after its ninth and likely final hearing on Trump’s efforts to ...
US Lawmakers Send Inquiry to ERCOT CEO Over Texas Crypto Mining and Its Effects on the So-Called Climate Crisis – Bitcoin News
A number of Democratic U.S. policymakers have written a letter to the CEO of the Electric Reliability Council of Texas (ERCOT) in order to inquire about the cryptocurrency mining operations in the sta...
Elizabeth Warren-led US lawmakers demand probe of ERCOT’s support for Bitcoin miners in Texas
A group of U.S. lawmakers led by Senator Elizabeth Warren has asked the Electricity Reliability Council of Texas (ERCOT) to provide operational and financial information about Bitcoin miners in Texas....
EU Lawmakers Pass Landmark Crypto Assets Regulation Bill
Europe is one step further on its way to regulating the crypto industry. European Union lawmakers today signed off the Markets in Crypto Assets Regulation (MiCA)—landmark legislation that hopes to re...
Republican Lawmakers Urge Justice Department To Publish CBDC Assessment
Republican members of the U.S. House Banking Committee, one of the most powerful committees in the nation, have called for the Justice Department’s assessment of whether the Federal Reserve has the re...
European Lawmakers Urge for Crypto Taxation, Use of Blockchain to Fight Evasion – Taxes Bitcoin News
Members of the European Parliament have called for “effective taxation” of crypto assets and “better use of blockchain” to counteract tax evasion. A resolution aiming to achieve both objectives has be...