
US House hearing pumps CFTC, dumps SEC, achieves little
The new bill aims to carve out clearly defined roles for both the CFTC and the SEC and stop the fight between these two agencies on who takes the lead in regulating digital assets.
The new bill aims to carve out clearly defined roles for both the CFTC and the SEC and stop the fight between these two agencies on who takes the lead in regulating digital assets.
Republican lawmakers have revealed a proposed digital asset bill that intends to clarify the responsibilities of the SEC and the CFTC in regulating the digital asset industry.
The hearing is part of renewed attempts by lawmakers to reach a consensus on a bill that would address stablecoin regulation after earlier attempts broke down.
Gary Gensler took a jab from Rep. Patrick McHenry after claiming that the 'crypto' market is noncompliant with the law, with the latter saying that the SEC hasn't even clarified the statute of digital assets.
Two Republican legislators wrote to the Fed, OCC, and FDIC, criticizing SAB 121 which was released a year ago; they say it places customers at greater risk.
Apart from the planned meeting with EU officials on the MiCA regulations, U.S. authorities will also hold talks with controversial digital asset firms, including Binance, Ripple, and Coinbase.
Patrick McHenry, Chairman of the House Financial Services Committee, announced his appointments for Chairs of the committee's subcommittees.
Three music industry executives have come together to launch a ground-breaking NFT marketplace platform, MusicArt, boosting exclusive pieces from art rock icons and new artists alike.
The group would be formed of representatives from both regulators, as well as a number of non-government stakeholders, including from firms that work with and research new emerging technologies.
In Bitcoin Association’s new show, Blockchain Policy Matters, Founding President Jimmy Nguyen will be talking to senior lawmakers about how they view blockchain technology.