Tag: congress

GENIUS Act: Will Congress's Crypto Bill Protect Your Wallet?

GENIUS Act: Will Congress's Crypto Bill Protect Your Wallet?

• Facts

The digital currency landscape is on the cusp of a seismic change. That much-needed change might finally be in motion with the expected passage of the GENIUS Act. This bill would establish the first federal regulatory framework for payment stablecoins. Most importantly, it will bring clarity and oversight to a...

FIT21 Will Congress Finally Unleash Southeast Asia's Crypto Artists?

FIT21 Will Congress Finally Unleash Southeast Asia's Crypto Artists?

• Commentary

Imagine a world where vibrant Southeast Asian artists, brimming with creativity and cultural heritage, can seamlessly share their digital masterpieces with the global community. Picture this—blockchain technology freed from the overwhelming web of today’s regulations! Rather, it acts as a dynamo for creativity and entrepreneurship. That world is possible, but...

Stablecoin Scramble: Congress's Hot New Crypto Obsession?

Stablecoin Scramble: Congress's Hot New Crypto Obsession?

• Facts

Stablecoins have rapidly emerged as a major theme within the crypto industry. They are bringing the attention of all legislators and FDIC partners to them. These unique digital assets are intentionally created to be stable in value. Typically backed 1:1 by a fiat currency such as the US dollar, these...

Stablecoins: Congress' Priority or a Missed Chance to Empower Emerging Artists?

Stablecoins: Congress' Priority or a Missed Chance to Empower Emerging Artists?

• Commentary

Congress is laser-focused on stablecoins. Really? Trade wars are escalating and murmuring of recessionary times are getting harder to ignore. In the background, our elected officials are scrambling to catch up to regulate stablecoins. It strikes many of us as the equivalent of polishing the silverware while the house is...

Congress' Stablecoin Obsession: 5 Reasons It's a Disaster Waiting to Happen

Congress' Stablecoin Obsession: 5 Reasons It's a Disaster Waiting to Happen

• Commentary

Why is Congress so laser-focused on stablecoins? At a time when families can barely make ends meet with inflation, and global tensions are flaring, our elected officials are in a hurry to regulate…stablecoins? It’s the equivalent of rearranging deck chairs on the Titanic, and quite honestly, it smells like a...

Crypto Traders vs. Congress: A High-Stakes Regulatory Gamble

Crypto Traders vs. Congress: A High-Stakes Regulatory Gamble

• Facts

As you may know, the crypto space is one defined by volatility and constant change. Now, it faces a new challenge: navigating the complex landscape of U.S. regulation. As Congress prepares to debate a market structure bill for digital assets, crypto traders are employing a parallel strategy: lobbying the Securities...

SEC's New Chair Signals Shift Towards Collaboration with Congress on Crypto Regulation

SEC's New Chair Signals Shift Towards Collaboration with Congress on Crypto Regulation

• Regulation

The Securities and Exchange Commission (SEC) appears to be softening its stance on cryptocurrency regulation, signaling a potential shift towards collaboration with Congress. This development comes as the SEC has recently issued guidance on stablecoins and memecoins, defining the latter as tokens "inspired by internet memes, characters, current events, or...

Stablecoins: How Congress Can Empower Artists, Not Just Wall Street

Stablecoins: How Congress Can Empower Artists, Not Just Wall Street

• Commentary

Picture a world where artists are truly free. No longer do they depend on art galleries who charge exorbitant commissions or music labels who stifle their creative flow. Picture an artist in rural Cambodia selling a painting directly to an urban New York City collector. And they can do this...

NY AG Calls for Crypto Regulation: Will Congress Answer?

NY AG Calls for Crypto Regulation: Will Congress Answer?

• Facts

The cryptocurrency space is a vast, untamed, digital frontier full of promise and danger. New York Attorney General Letitia James is threatening to hold the state accountable. She calls on Congress to be bold and to provide accountability in this fledgling industry. Her plea for a federal framework underscores a...

Japan's "New Capitalism 2025" Plan Signals Regulatory Embrace of Bitcoin and Web3

Japan is strategically positioning itself as a global leader in digital innovation with its updated "New Capitalism 2025" plan, released on April 13. Taken together, this plan represents a major regulatory turning point event toward welcoming Bitcoin and Web3 technologies. The initiative aims to leverage digital assets to solve social...

Japan's Bitcoin Revolution: A Boon for Artists and Web3 Creators?

Is Japan on the verge of accidentally unleashing a tsunami of creative destruction and financial liberation onto the rest of the emerging markets? I know this seems like a tall order, but hear me out. Japan’s regulatory change to officially recognize Bitcoin as a financial product. This step is a...

5 Ways This Crypto Bill Empowers Southeast Asian Artists, Not Wall Street

Let’s be honest, when you hear about crypto regulation, your first thought probably isn't Southeast Asian artists finding new avenues for creative expression. Surely visions of Wall Street honchos and inscrutable derivatives dance in your head. Well, what if I told you that the Senate’s Banking Committee just released their...

Senate Republicans Forge Ahead on Crypto Market Structure Framework

Republican senators working on a new framework for digital assets legislation, riding the positive bipartisan wave in the Senate as of late. This announcement follows the Senate’s passage of a bill to regulate stablecoins last week. It was passing with overwhelming bipartisan support.Senators Tim Scott, Cynthia Lummis, Thom Tillis, and...

Crypto's 'Light-Touch' Regulation Gamble Will It Protect You?

The Senate Committee’s proposed “light-touch” regulatory framework for crypto is a long high-stakes poker game. Are we all truly holding a winning hand, or are we collectively bluffing our way into a future financial crisis? It’s a question every investor, every innovator, and frankly, every citizen should want to know....

Trump Jr. at KBW2025: Web3's Mainstream Moment?

Donald Trump Jr.’s scheduled keynote address at KBW2025 is raising eyebrows and inspiring intense discussion across the Web3 ecosystem. He’s just a high-profile guy shaking things up in the crypto world. His presence further exemplifies the increasing importance of blockchain technology and its potential to revolutionize the traditional economy. Does...

Trump Jr. at KBW2025: Web3's Punk Rock Moment or Sellout?

Or I think about Nandar, a wonderful Burmese artist that I met in Yangon, sharing with me her latest NFT collection. Each work exploded with vivid imagery, bravely fighting back against the junta’s repressive hold. She began selling them directly to supporters around the world, allowing her to cleverly sidestep...

KBW2025: Is Trump Jr. Web3's Trojan Horse or its Savior?

Donald Trump Jr. at Korea Blockchain Week? It's a head-scratcher, isn't it? About as easy as locating a MAGA hat at a Burning Man soirée. Before we put this down as just another short-lived publicity stunt, let’s take a closer look at what this could IoTally Web3 means. Cynical ploy...