Former SEC Chair Jay Clayton Says Crypto Regulation Must Start With Stablecoins

The former head of the U.S. Securities and Exchange Commission (SEC) says the best place to start regulating crypto is the stablecoin sector. In a new CNBC interview, former SEC chair Jay Clayton discusses what regulations could look like when applied to the nascent field of crypto technology. “I think it’s very good...

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Coinbase ‘Very Supportive’ of Giving CFTC Exclusive Jurisdiction Over Bitcoin, Ethereum

Talk of crypto policy in the U.S. tends to revolve around rumblings from the Securities and Exchange Commission and taxes.But there are two bills in Congress that have largely flown under the radar, at least for people outside the policy wonk crowd. They would decisively give the Commodities Futures Trading...

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Dogecoin Pumps as Elon Musk Agrees (Again) to Buy Twitter

Dogecoin jumped over 8% on Tuesday after news broke that Elon Musk may finally be acquiescing to purchasing Twitter on the deal’s original terms.Musk’s attorneys sent a letter late last night to Twitter, according to Bloomberg, proposing to buy the social media company for his original offer price of $54.20...

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Report from US Treasury risk watchdog calls for increased regulation of crypto assets

The Financial Stability Oversight Council, a group of senior United States regulators chaired by Treasury Secretary Janet Yellen, released a report late Monday calling for Congress to pass multiple laws strengthening regulations on cryptocurrency assets and stablecoins. The 124-page report on digital assets was released in response to President Biden’s March...

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Roadmap Announced for Crypto Regulations

The Securities and Markets Authority in Europe has outlined its plans for the implementation of the much-discussed Markets in Crypto-Assets (MiCA), which aims to regulate virtual assets. It also cautioned about the financial risks associated with crypto assets. The paper noted, “Alongside the surge of capitalizations and issuance of new types of tokens, there...

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US Senator Unveils Bill to Protect Crypto Exchanges From SEC Overreach

A Republican Senator recently proposed a new bill to safeguard crypto exchanges from regulatory overreach, the latest attempt by the US Senator as concerns grow that the U.S. Securities and Exchange Commission (SEC) appears to overstep the border.The bill, called the Digital Clarity Act of 2022, and introduced by Bill...

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SEC Chair Leading Wrong Narrative Over Crypto Laws?

The U.S. Securities and Exchange Commission (SEC) has filed several lawsuits against different firms and individuals for breaching securities laws. However, Gary Gensler, SEC chair has given out assorted statements over crypto regulations. This time XRP’s lawyer caught Gensler red handed replying to questions over a security. Is SEC chair missing...

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