FIT21 bill a ‘watershed moment’ for crypto despite CFTC-SEC friction
FIT21 is the first bipartisan legislation of its kind to pass in either chamber of Congress, but is its dual-agency model workable? Go to Source
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Implementing FIT21 could be a ‘slow, slow process’ — CFTC Commissioner
Summer Mersinger anticipates extensive coordination and potential delays in the implementation of FIT21 across U.S. regulatory agencies if it is enacted. Go to Source
FIT21 crypto bill passes US House: Here’s what could happen next
The crypto-regulating bill is headed to a cloudy future in the Senate with no companion bill and faces one of the country’s most prominent crypto critics. Go to Source
US House approves FIT21 crypto bill with bipartisan support
Democratic and Republican lawmakers in the U.S. House of Representatives voted to pass the Financial Innovation and Technology for the 21st Century Act. Go to Source
Donald Trump Viewed as ‘America’s First Crypto President’ by Former CFTC Chairman
Former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo has emphasized former U.S. President Donald Trump’s critical role in the cryptocurrency industry, dubbing him “America’s first crypto president” due to the approval of bitcoin futures during his administration. Trump’s crypto stance has evolved significantly since he was in office. ‘Trump May Justifiably Claim to Be … Read more
Crypto firms rally behind FIT21 bill approaching US House floor vote
Lawmakers expect to vote on a bill clarifying how regulators handle digital assets by June after a majority in both chambers passed a resolution against an SEC crypto rule. Go to Source
Billionaire Peter Thiel’s Venture Capital Firm Leads Polymarket’s $45 Million Series B Funding Round
Billionaire Peter Thiel’s Founders Fund recently led the Series B funding round for the crypto-based prediction markets platform, Polymarket, which raised $45 million. The latest round valued Polymarket lower than the $1 billion it had anticipated before the Commodity Futures Trading Commission proposed a ban on events betting contracts. CFTC Seeks to Clamp Down on … Read more
Crypto Broker Fined Nearly $1.7M for Illegally Providing Access to Digital Asset Exchanges
On May 13, the Commodity Futures Trading Commission announced it had fined crypto brokerage firm Falcon Labs Ltd. approximately $1.7 million. The fines are penalties for the firm’s illegal facilitation of U.S. residents’ access to digital asset derivative exchanges. The commission has urged digital asset intermediaries in similar situations to report their activities to the … Read more
Former CFTC Chair Chris Giancarlo joins Paxos board
Former CFTC Chair J. Christopher Giancarlo founded the Digital Dollar Project and currently works as an advisory board member for the Chamber of Digital Commerce. Go to Source
Peter Thiel’s Founders Fund invests $70M in election betting platform
Amid increasing U.S. regulatory scrutiny, popular crypto-based betting platform Polymarket secures funding to expand its global operations despite restrictions. Go to Source
