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Gensler said he believes crypto trading platforms might already have securities listed. U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said he believes the vast majority of crypto tokens and initial coin offerings (ICOs) violate U.S. securities laws. In a speech at the Aspen Security Forum on Tuesday, Gensler said he agreed with Jay Clayton, his predecessor at the...
Out of the blue, a U.S. lawmaker who previously showed little interest in cryptocurrency has introduced what may be the most sweeping legislation yet to regulate the market. Rep. Don Beyerâs (D-Va.) bill would allow the Treasury Secretary to veto the creation of stablecoins, direct regulators to define rules for decentralized finance (DeFi) and possibly create a charter for crypto...
Rep. Don Beyer (D-Va.) said the existing digital asset market structure and regulatory framework are too âambiguous and dangerous for investors and consumers.â Legislation to provide a âcomprehensive legal frameworkâ to regulate the digital asset market and possibly grant the federal government the ability to ban some stablecoins was introduced in the House of Representatives Wednesday. According to sponsor Rep....
In her letter to Treasury Secretary Janet Yellen, Warren cited DeFi, crypto-enabled cyber attacks and unique threats posed by stablecoins as risks to the financial system. Longtime crypto skeptic Sen. Elizabeth Warren (D-Mass.) is urging the government yet again to form a regulatory strategy to âmitigate the growing risks that cryptocurrencies pose to the financial system.â In an open letter...
Gain Protocol is a fully decentralized finance ecosystem with a simple mission - Put holders first. Through static rewards and massive sweepstakes opportunities, Gain Protocol puts more people on the path toward financial freedom. 26 July Decentralized finance (DeFi) is quickly becoming a blockchain juggernaut. With what seems like a sea of projects popping up daily, everyday users must sift...
Sunday's price rise follows an unconfirmed report Amazon is looking to accept bitcoin payments by year's end. Bitcoin briefly traded above $39,000 for the first time since June 16 and is currently trading its sixth consecutive day in the green. Prices have continued to rally since July 21, with Sundayâs current price rise representing the largest single daily gain in...
The crypto lender is days away from closing a $500 million Series E, sources say. A timetable for a public listing is circulating among investors. BlockFi aims to go public in 12 to 18 months, according to documents circulated to investors Wednesday amid growing regulatory scrutiny of the cryptocurrency lender. The New Jersey-based company declined to comment on the current...
The index company's Broad Digital Market tracker dives deep â very deep â into the digital asset universe, CoinDesk found. Dogecoin is out; bitcoin diamond is in. So go the rules of the S&Pâs new benchmark for the crypto sector. CoinDesk obtained a list of the 243 digital assets in the S&P Cryptocurrency Broad Digital Market (BDM) Index. A cursory...
Jack Dorsey announced earlier this week that Square Inc. is building a new open-source platform for non-custodial Bitcoin services. Aave founder Stani Kulechov told his 90,000 Twitter followers on Saturday that his protocol should build âTwitter on Ethereum'' after Jack Dorsey said he was developing a new Bitcoin (BTC)-centric financial services platform with striking similarities to Aave. Dorsey tweeted Thursday...
Sen. Chuck Grassley is using "deeply flawed" estimates of illicit bitcoin activity to call for closer scrutiny of the industry, according to multiple crypto intelligence firms. A senior Republican U.S. senatorâs characterization of bitcoin in illicit transactions highlights the uphill battle crypto faces in breaking the seedier assumptions of its Silk Road past. Last Thursday, Sen. Chuck Grassley (R-Iowa), the...