This week in crypto regulation was marked by officials expressing contradictory views on how to approach digital assets. The crypto regulation regime in any jurisdiction is an equilibrium among multiple institutional, group and personal interests of actors who have a sway over financial and monetary policies. These interests never perfectly align, frequently resulting in contradictory…
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As stablecoins issuers were put under the pressure of Democratic witnesses, Senator Pat Toomey released his own set of regulatory principles. On Dec. 14, the United States Senate Banking, Housing and Urban Affairs Committee held a hearing titled “Stablecoins: How Do They Work, How Are They Used, and What Are Their Risks?” The testimonies, both…
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With BTC price under $57,000, bears appear to have a slight advantage in this week’s $950 million BTC options expiry. Bitcoin (BTC) price is down this week, and naturally, bears will always find some reversal signal whenever the price shows strength, such as the 8% gain on Nov. 28. Of course, technical analysis is not…
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Saule Omarova’s nomination for Comptroller of the Currency faces policy objections from Democrats and senate banking committee members. A group of five Democratic senators has reportedly rejected President Joe Biden’s nominee, Saule Omarova, to head the Office of the Comptroller of the Currency (OCC). Omarova’s nomination as a bank regulator was initially opposed by three…
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Ten members of the U.S. House of Representatives have called on House Speaker Nancy Pelosi to address the problem with the crypto provision in the infrastructure law. They explained that the current definition of a broker in the law “would increase uncertainty in the cryptocurrency industry, pick winners and losers … all while eroding our…
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38-year-old Senate candidate Morgan Harper said she would be “in learning mode” on the crypto space and solicited comments from her followers. Morgan Harper, a former senior advisor at the Consumer Financial Protection Bureau, is coming out as ‘crypto curious’ in her race to be the Democratic nominee for one of Ohio’s United States Senate…
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The Senate in Kazakhstan has approved amendments aimed at preventing the legalization of illicit funds which will affect companies dealing with digital assets, among others. The new legislation subjects crypto service providers to the country’s financial monitoring regime.
Senators Back Law Concerning Crypto Services in Kazakhstan
Members of the upper house in Kazakhstan’s…
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The country’s legislature has passed a law that would impose financial monitoring on crypto platforms. According to new legislation passed by the upper house of the country’s national parliament on Monday, crypto businesses in Kazakhstan may soon be subjected to Anti-Money Laundering (AML) regulations, as reported by local news outlet Vlast. The new law extends the…
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The Bitcoin ETF approval has been the biggest, but by no means the only, policy-related story of the last week. The biggest regulatory story of the week, if not the year, has been the United States Security and Exchange Commission’s lack of opposition to the launch of the first-ever Bitcoin (BTC) exchange-traded funds, which took eight…
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A Senate committee in Australia has made a number of proposals to address the lack of proper regulations for the cryptocurrency space. The lawmakers believe the country needs new rules for its fintech and digital asset industries to be able to compete with jurisdictions that are already attracting some of its own crypto firms. Senate…
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