First major success in US Congress for two crypto bills: Law Decoded
In a 35–15 vote, the House Financial Services Committee approved the Financial Innovation and Technology for the 21st Century Act. Go to Source Powered by WPeMatico
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Binance, CZ challenge CFTC, seek lawsuit dismissal
They pointed out that the CFTC is attempting to regulate foreign individuals and corporations operating outside the United States, going beyond the limits of its statutory jurisdiction. Go to Source Powered by WPeMatico
CFTC charges Tennessee couple over ‘Blessings of God Thru Crypto’ scheme
Despite having no trading experience a Tennessee couple convinced 100 people to hand over their money for a uniquely named crypto investment pool. Go to Source Powered by WPeMatico
Former CFTC chairman says stablecoins can be a bridge between two worlds
Timothy Massad, the former CFTC chairman, highlighted the benefits of stablecoins and urged regulators not to discredit their utility when it comes to regulations. Go to Source Powered by WPeMatico
Binance, CEO Changpeng Zhao intends to seek dismissal of CFTC complaint
Binance, Changpeng Zhao and former compliance chief Samuel Lim intend to file two motions to dismiss a March lawsuit from the CFTC. Go to Source Powered by WPeMatico
Two more crypto bills in the US: Law Decoded, July 17–24
Last week was marked by two new legislative initiatives for the crypto industry in the United States. Go to Source Powered by WPeMatico
US GAO says lack of interagency cooperation needs to be addressed in crypto regulation
In a report requested by Rep. Maxine Waters, the country’s top watchdog is carefully neutral but dissatisfied with agencies’ abilities to work together. Go to Source Powered by WPeMatico
US House Republican committees introduce joint digital assets bill
The House Agriculture and Financial Services Committees have been working together all year on a bill to rival Lummis and Gillibrand’s RFIA. Go to Source Powered by WPeMatico
US regulatory clarity has begun in court after Ripple win: CFTC commissioner
CFTC Commissioner Caroline Pham said recent court opinions around digital assets and securities are a first step to crypto regulatory clarity. Go to Source Powered by WPeMatico
Ripple court ruling makes call for regulation ‘more compelling and more urgent’ — former CFTC chair
Former CFTC chair Timothy Massad said he thought it was unlikely the SEC and CFTC would change their pattern for pursuing enforcement cases even with a recent ruling in XRP’s favor. Go to Source Powered by WPeMatico
