Sorry crypto bros, Gary Gensler is right
Gary Gensler stood his ground that existing laws apply to digital assets since day one amidst criticism from the crypto bros, who lament the alleged ambiguous regulations that meddle with their operations.
Latest regulation News
Russia’s central bank to create block reward mining entities to circumvent sanctions: report
Bank of Russia Gov. Elvira Nabiullina told members of the State Duma that the banking regulator had approved a pilot for mined digital assets to be used in settling international transactions.
UK is 12 months away from launching digital assets regulations, minister says
The incoming regulations are not designed to stifle innovation but will provide more opportunities to service providers, according to Economic Secretary to the U.K. Treasury Andrew Griffth.
Coinbase’s overseas expansion seeks more swaps, fewer cops
Coinbase recently posted an update on its plan to “go broad and deep,” aka establish bases of operation in jurisdictions that will let it do what American authorities won’t let it do at home.
Digital currency exchanges struggling as regulators close in
Digital asset firms often blame the "shifting" regulatory landscape for their failures, but in truth, laws haven't changed, and regulators are finally catching on to how technology works.
MiCA passes final European Union vote
The European Union is bracing for a host of regulations focusing on safeguarding consumers and protecting the region's financial stability following the European Parliament's approval of MiCA.
UAE financial regulator wants VASPs register for licenses
The Securities and Commodities Authority (SCA) disclosed that all VASPs in the UAE must submit applications for licensing with the body following the approval of the Authority’s Board of Directors.
US stablecoin bills might someday pass, but not this one
Stablecoins were front and center in the House of Representatives' Financial Services Committee hearing last Wednesday, and some of the opinions voiced were more than a little unstable.
NYDFS to charge digital asset firms for supervision
First proposed in December, the new regulation was adopted this week and allows the New York Department of Financial Services to charge BitLicense holders for supervision—a practice common in finance.
EU lawmakers want Europe, US to regulate ‘very powerful AI’
Members of the European Union Parliament want the EU Commission and President Joe Biden to lead the development of governance models for AI, as Google CEO and Musk shoot AI warnings.
Republicans to SEC’s Gensler: Leave ‘crypto’ alone!
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.
US bipartisan stablecoin bill could spell doom for Tether
The draft bill states a two-year interval on issuing stablecoins and access to central bank borrowing and deposit accounts but made no mention of appropriate audits on proper backing of reserves.