Kuwait bans crypto and virtual assets transactions
Kuwait’s Capital Markets Authority has officially confirmed the commitment to “absolute prohibition” of virtually all crypto operations in the country. Go to Source Powered by WPeMatico
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No impact from Ripple ruling? SEC chair cites risks from crypto in budget request
Gary Gensler cited the “Wild West of the crypto markets” that was “rife with noncompliance” in requesting more than $2.4 billion for the commission’s 2024 fiscal budget. Go to Source Powered by WPeMatico
US lawmakers propose SEC chair consider legislation, not enforcement approach to crypto
Representatives French Hill and Dusty Johnson suggested the SEC may have undertaken certain actions on crypto “seemingly timed to coincide with related Congressional activity”. Go to Source Powered by WPeMatico
US lawmaker calls on SEC chair to reassess stance on crypto following Ripple ruling
Representative Ritchie Torres shares a surname with Judge Analisa Torres in the SEC v. Ripple case and referred to the XRP court ruling as the ‘Torres Doctrine’. Go to Source Powered by WPeMatico
Coinbase CEO will meet with US lawmakers to discuss crypto legislation: Report
The crypto exchange is currently involved in a legal battle with the U.S. Securities and Exchange Commission over allegedly offering unregistered securities. Go to Source Powered by WPeMatico
Indonesia to launch crypto exchange in July: Report
Once launched, Indonesia’s national crypto exchange will be the only platform allowing crypto transactions, the local regulator said. Go to Source Powered by WPeMatico
Texas Blockchain Council director announces run for state house
The director of Bitcoin mining analytics at the TBC said he was opposed to the Fed’s exploration of a central bank digital currency and planned to push for “digital freedom”. Go to Source Powered by WPeMatico
US Senators reintroduce crypto bill aimed at comprehensive regulation
The Responsible Financial Innovation Act will establish guardrails “to prevent another FTX-style event from occurring” in the wake of the 2022 market crash and many bankruptcies. Go to Source Powered by WPeMatico
Blockchain Association calls for investigation into Prometheum over alleged ‘sweetheart’ SEC deal
The group raised concerns over Prometheum’s changing position on crypto regulatory clarity and under what circumstances the firm obtained a special purpose broker-dealer license. Go to Source Powered by WPeMatico
South Korea to ask firms to disclose crypto holdings from 2024
After initially mandating public officials to declare their crypto, the South Korean authorities now want all local firms to disclose such holdings. Go to Source Powered by WPeMatico