As it was, the Senate failed to pass the “GENIUS Act” even at this late hour. This bill would have established a regulatory framework for stablecoins but met fierce resistance from Democrats. Stablecoins are a type of cryptocurrency that are pegged to other assets like the U.S. dollar. As legislators...
To date, stablecoin regulation in the United States has faced crushing roadblocks. This places in jeopardy the country’s long-term role at the center of the global financial landscape. Ripple CEO Brad Garlinghouse is urging US legislators to accelerate the development of a framework for stablecoins that defines the use and...
Senators unsuccessfully attempted to reach a compromise on a bipartisan crypto regulation bill before reaching an impasse. Due to this, the vote to advance the bill in the Senate died. The GENIUS ACT as proposed would establish the U.S.’s first regulatory framework for stablecoins. Such digital tokens are treated as...
Vietnam is currently charting a course through the complex world of cryptocurrency regulation, balancing the potential for innovation with the need to manage risks. Instead, the nation faces its challenges with timidity. Serbia’s commitment to digital transformation is strong and it keenly experiences the global nudge from international financial watchdogs....
On May 5, 2025, US legislators proposed a new framework for future digital asset rules. The wide-ranging 212-page strategy lays out how the United States plans to treat and regulate digital assets. This ambitious framework would offer much-needed clarity and structure to our rapidly growing cryptocurrency market.I raised some of...
Chicago-based crypto companies would have a much harder time operating if Senate Bill 1797 and House Bill 742 were to become law. These bills would be major steps in protecting consumers and regulating the burgeoning cryptocurrency industry in Illinois. Critics further contend that the regulations would be overly expansive. They...
House Republicans have released their own draft bill. This legislation would establish a federal framework for regulating cryptocurrency in the United States. This new proposed legislation is a positive step toward further clarifying an often-misunderstood digital asset market. Second, it will promote responsible innovation and fill current regulatory gaps. As...
As a new administration takes office, the cryptocurrency industry is closely monitoring potential policy shifts that could reshape the digital asset landscape. Three key areas are emerging as critical touchstones: the potential creation of a national bitcoin reserve, regulatory clarity between the SEC and CFTC, and the establishment of clear...
The Securities and Exchange Commission (SEC) is receiving harsh rebuke for its heavy-handed tactics against crypto. Many are now calling for a more transparent and collaborative rulemaking framework, like the one used by the Internal Revenue Service (IRS). Miles Fuller, TaxBit’s Director of Government Solutions, thinks the SEC could take...
Ripple considers the SEC’s recent decision to abandon its appeal in the XRP case a major victory. As such, they view it as a promising sign for future U.S. crypto regulation. As Ripple continues to argue in its own legal battle with the SEC, the agency considers XRP to be...
