NYDFS chief’s advice for crypto firms: ‘Never surprise your regulator’
Adrienne Harris, the head of the New York State Department of Financial Services, has been called the most powerful crypto regulator in the United States. Go to Source
Regulation
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Better Know a Crypto Candidate: Curtis Bashaw
As part of its coverage of the 2024 US Elections, Cointelegraph asked several congressional candidates for their positions on cryptocurrency and blockchain. Go to Source
South Korea to Form Committee to Review Spot Crypto ETF Plans
South Korea is forming a 15-member public-private committee to address issues in the virtual asset market and explore cryptocurrency legislation. The committee will include government officials and representatives from the legal profession, academia, and the virtual asset industry. One of its key roles will be to evaluate South Korea’s plans for spot cryptocurrency ETFs and … Read more
US Senator Sounds Alarm on 3 Major Crypto Threats — Could Digital Assets Be in Danger?
Utah Republican senator Mike Lee outlined three major regulatory risks to the cryptocurrency industry at the recent Permissionless III crypto conference. They are the creation of a central bank digital currency (CBDC), fragmented state regulations, and heavy federal oversight. He warned these could threaten the digital assets sector, saying, “Cryptocurrency is not a security. Cryptocurrency … Read more
Ripple CEO Slams SEC for Ignoring XRP Ruling, Claims Agency Oversteps Legal Authority
Ripple’s CEO has intensified criticism of the U.S. Securities and Exchange Commission (SEC), accusing the agency of ignoring a court ruling that XRP is not a security and overstepping its legal bounds. His remarks came after Bitnomial Exchange filed a lawsuit against the SEC, disputing the regulator’s authority over XRP futures. The case adds to … Read more
Regulation Brings Clarity to Web3 Market, Developers, and Companies, Says Ava Labs CBO
The Web3 industry has yet to fully enter the mainstream, according to John Nahas, chief business officer (CBO) of Ava Labs. He argues that general-purpose Layer 1 blockchains, whose primary focus is marketing their tokens, dominate the space and lack sufficient innovation. This, Nahas contends, hinders the industry’s full potential. Blockchain Success Hinges on Curious, … Read more
Elizabeth Warren vs. Innovation: It’s Time for Massachusetts to Choose
Elizabeth Warren has been a major political figure in Massachusetts for over a decade. While she’s known for championing consumer protection and taking on big banks, her stance on modern financial innovation—particularly her aggressive opposition to cryptocurrency—shows that her leadership is increasingly out of touch with today’s fast-changing economy. Massachusetts needs fresh leadership that embraces … Read more
SEC’s Crypto Regulation Labeled a ‘Disaster’ by Commissioner
A U.S. Securities and Exchange Commission (SEC) commissioner has called the agency’s approach to cryptocurrency regulation a “disaster,” highlighting the SEC’s reliance on enforcement without clear guidance. He criticized the lack of regulatory clarity, which has led to conflicting court rulings, and emphasized the need for clearer distinctions on what falls under securities law. SEC’s … Read more
Blockchain Expert: Clearer Regulations Can Boost AI and Web3 Adoption
Artificial Intelligence and Web3, are powerful technologies which when combined can create smarter and more decentralized systems, Mario Casiraghi, the co-founder of Singularity DAO, has asserted. Although both technologies have developed separately, Casiraghi argues that their combined strengths can help address limitations like centralized control and data inefficiencies. Clearer Regulations Could Boost AI and Web3 … Read more
SEC’s Authority Over XRP Futures Challenged in Bitnomial Lawsuit
Crypto derivatives exchange Bitnomial is suing the U.S. Securities and Exchange Commission (SEC) over its authority to regulate XRP futures, challenging the classification of XRP as a security. The exchange, overseen by the Commodity Futures Trading Commission (CFTC), contests the SEC’s claim that XRP futures are “security futures” and aims to set a precedent affecting … Read more