New Jersey bill would make securities of crypto sold to institutional investors
The bill complements one already on the governor’s desk that regulates digital assets owned by individuals. Go to Source
Legislation
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Public needs to know blockchain use cases, AI needs regulation now — Andrew Yang
The former presidential candidate spoke at NABS about opportunities the United States may be missing to blockchain and AI for public good. Go to Source
U.S. lawmakers introduce CLARITY Act to limit federal ties with Chinese blockchain
Furthermore, the act aims to explicitly forbid U.S. government officials from engaging in transactions with iFinex, the parent company of USDT issuer Tether. Go to Source
Rep. Tom Emmer proposes to defund SEC’s crusade against crypto
Rep. Tom Emmer added a provision in the House GOP spending bill that would block the SEC from using government funds to pursue crypto companies until Congress weighs in on who has jurisdiction over crypto. Go to Source
SEC Inspector General says prohibition on crypto ownership hinders agency hiring
Besides being short on crypto specialists, the SEC OIG noted a litany of problems that are already familiar – lack of legislative clarity, lack of interagency coordination, etc. Go to Source
XRP, TON win approval in Dubai International Financial Centre free trade zone
The new tokens join the ranks of BTC, ETH and LTC for use by the 4,000-plus companies located in the zone, which is considering new legal measures as well. Go to Source
GAO finds controversial SEC guidance is subject to congressional oversight
The SEC’s Staff Accounting Bulletin 121 has been the target of much criticism in the crypto community. Go to Source
South Korean regulator outlines steps to enhance digital asset legislation
The Virtual Asset Users Protection Act was passed in June without a sufficient regulatory framework, the head of South Korea’s Financial Supervisory Service said. Go to Source
House committee chairman threatens SEC chair with subpoena, but not over crypto
U.S. House Oversight and Accountability Committee chair James Comer thinks Genlser is stonewalling him. Crypto supporters know the feeling. Go to Source
Crypto bills could be delayed as many prepare for US gov’t shutdown
Bills focused on crypto regulation, market structure, and stablecoins could all be put on hold if U.S. lawmakers don’t reach a decision on government spending by Sept. 30. Go to Source
