Regulation news · Page 61
Support Grows for CLARITY Act as Blockchain Association Engages Former Officials
The Blockchain Association garners support from 160 former officials for the CLARITY Act, aiming to enhance oversight and compliance in crypto markets.
House of Lords Cautions Against Overregulation of Pound Stablecoins
UK Lords warn that strict regulations on pound stablecoins may render them commercially unworkable, urging for careful regulation to foster a viable market.
High Court Declares Bitcoin as Capital, Upending Trader's Seizure Case in South Africa
A South African court ruled bitcoin as capital and negotiable, impacting a trader's seized 1,680 BTC in a landmark cryptocurrency ruling.
Ripple Enhances Washington, D.C. Presence to Influence Digital Asset Regulation and Financial Innovation
Ripple expands its D.C. office to influence blockchain policy and drive U.S. finance innovation, engaging with lawmakers on digital asset regulations.
Sanders and Warren Challenge Labor Department's Crypto Investment Rule for Retirement Plans
Bernie Sanders and Elizabeth Warren urge the Labor Department to block a rule allowing riskier crypto investments in 401(k) plans, citing worker protection concerns.
New Audit Requirement Poses Challenges for Crypto Firms in Brazil
Brazil's central bank introduces mandatory independent audits for crypto exchanges, affecting licensing and compliance amid a tougher regulatory framework.
NYDFS Collaborates with EU to Establish Stablecoin Regulatory Framework
New York's crypto regulator partners with the EU to enhance oversight of stablecoins, aiming to bolster market integrity and coordinate crisis responses.
CFTC Chair Michael Selig Claims Political Bias in Gemini Case, Aims to Overturn $5 Million Settlement
CFTC Chair Michael Selig claims the agency's actions against Gemini were politically motivated, seeks to reverse a $5M settlement amid allegations of bias.
Movement Enhances Stablecoin Payment Capabilities by Securing Access to Leading Payment Systems in US, Canada, and EU
Movement blockchain expands stablecoin payment options by accessing payment infrastructure in the US, Canada, and EU for cross-border transactions.
Coinbase Bolsters Stablecoin Infrastructure with Investment in ProShares' GENIUS Money Market ETF
Coinbase invests in ProShares' GENIUS Money Market ETF for stablecoin reserves, enhancing its role in the evolving stablecoin market infrastructure.
SEC Prioritizes Digital Asset Regulation in New Strategic Plan
The SEC prioritizes crypto regulations in its strategic plan, seeking clearer rules for digital assets to enhance market integrity and investor protection.
Zama Enhances Compliance Strategy After Court Lifts USDC Funds Freeze
Zama accelerates compliance after a US court lifted a $12.5M USDC freeze, emphasizing the balance between privacy and legal obligations in blockchain.
Georgia Implements New Measures Against Illegal Crypto Mining Amid Power Challenges in Mestia
Georgia targets illegal crypto mining in Mestia due to excessive power consumption, planning to install meters and clamp down on hidden operations.
South African Regulators Declare Cryptocurrencies and Stablecoins Not Legal Tender
South Africa's regulators clarify that stablecoins and cryptocurrencies are not legal tender, aiming to curb dollarization and ensure financial stability.
Ripple Expands USD Stablecoin RLUSD Access to Turkish Institutions via Local Partnerships
Ripple has launched its USD-backed stablecoin RLUSD in Türkiye through partnerships with BiLira, Bitexen, and Bitlo, targeting institutional users.
Robinhood Launches Canadian Operations Following $180 Million Acquisition of WonderFi
Robinhood expands into Canada via a $180 million acquisition of WonderFi, gaining access to major crypto exchanges Bitbuy and Coinsquare.
Coinbase Amplifies Efforts for Crypto Regulation Ahead of CLARITY Act Vote
Coinbase is advocating for the passage of the CLARITY Act, aiming to establish clear regulations for the U.S. crypto market amid Senate discussions.
Japanese Ruling Party Advocates for Crypto ETFs and Yen-Stablecoins to Boost Blockchain Sector
Japan's ruling party promotes crypto ETFs and yen-denominated stablecoins, aiming to enhance blockchain adoption and modernize crypto taxation.
Evernorth Holdings Moves to Merge with Armada Acquisition Corp II, Eyes Nasdaq Listing for XRP Treasury
Evernorth, backed by Ripple, files SEC amendment for a $1B merger to create an XRP treasury company on Nasdaq, aiming to enhance blockchain services.
The GENIUS Act: Transforming USDC into Wall Street's Preferred Stablecoin
The GENIUS Act establishes a federal framework for stablecoins, positioning Circle’s USDC as Wall Street's preferred compliant stablecoin for institutional adoption.
