CBDC may threat stablecoins, not Bitcoin: ARK36 exec
A state-backed digital currency like the U.S. dollar doesn’t necessarily have to be a competitor to a decentralized cryptocurrency, one industry exec believes. Go to Source Powered by WPeMatico
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Ripple CEO criticizes SEC for ‘contradictions’ on crypto regulations
“The SEC [decided] to do regulation through enforcement, which is not efficient and really I think has stifled innovation in the United States,” said Brad Garlinghouse. Go to Source Powered by WPeMatico
Uphold withdraws with Venezuela, citing US sanctions
The platform advised users to withdraw funds quickly, noting it would halt trading for Venezuela-based clients on July 31, with all accounts “fully restricted” beginning Sept. 30. Go to Source Powered by WPeMatico
GitHub users respond with ‘Bitcoin bill’ idea to Gillibrand-Lummis bill
The senators seek comments from industry stakeholders, consumers and interested parties. Go to Source Powered by WPeMatico
US lawmaker lays out case for a digital dollar
“It is now time for Congress to begin the process of considering and ultimately passing authorizing legislation for the issuance of a U.S. CBDC,” said Representative Jim Himes. Go to Source Powered by WPeMatico
FTX US acquires Embed Financial subsidiary for stock trading platform
The FTX Stocks platform has been in beta testing for select U.S. users since May, but the firm reported it would be available to all domestic customers sometime in the summer. Go to Source Powered by WPeMatico
Stablecoins highlight ‘structural fragilities’ of crypto — Federal Reserve
“Stablecoins that are not backed by safe and sufficiently liquid assets and are not subject to appropriate regulatory standards create risks to investors,” said the Fed report. Go to Source Powered by WPeMatico
US lawmakers urge EPA to consider the potential benefits of crypto mining
“Digital assets, and their related mining activities, are essential to the economic future of the United States,” said the group of 14 lawmakers. Go to Source Powered by WPeMatico
Elusive Bitcoin ETF: Hester Perice criticizes lack of legal clarity for crypto
SEC Commissioner and “Crypto Mom” Hester Peirce criticized the SEC on its regulatory guidance, but noted that change is possible if investors and regulators work together. Go to Source Powered by WPeMatico
FINRA may hire employees terminated from crypto firms: Report
“Anybody who is getting laid off from a crypto platform and wants to work for FINRA, give me a call,” said president and CEO Robert Cook. Go to Source Powered by WPeMatico