Tag: house republicans

House Republicans Unveil Draft Bill for Crypto Regulation

House Republicans Unveil Draft Bill for Crypto Regulation

• Regulation

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...

Further Reading

Crypto Firms Present Frameworks to SEC for Digital Asset Regulation

On June 13, Jito Labs, joined by Blockworks, unveiled a proposal for the framework to the SEC. This framework aims to provide more transparency for token issuers and market makers. Just a day earlier, Solana Labs, Phantom, Superstate, Orca Creative, and several other law firms participated in an important meeting...

Circle's $1.1 Billion Debut Signals Maturing Crypto Market

This move by Circle, the USDC stablecoin’s issuer, sent a strong signal to the growing up of the crypto market. On its first day of trading, the company raised a record-setting $1.1 billion. Yet this milestone symbolizes a monumental shift in the crypto landscape. Growing regulatory clarity and increased institutional...

Global Stablecoin Regulations Aligning on Key Principles

Stablecoins are quickly becoming one of the most used digital assets around the globe, thanks to their peg to traditional currencies. This exponential growth is leading regulators to develop frameworks for their regulation. Hong Kong took a big step forward with the passage of its Stablecoins Bill on May 21,...

U.S. Leads Bitcoin Treasury Race Amid Regulatory Tailwinds

The United States to date is the world leader in absorbing Bitcoin reserves. This rapid increase is being fueled by more transparent regulations and greater acceptance of cryptocurrency as a central strategic asset. Publicly listed companies are in a race to add Bitcoin to their balance sheets. This unprecedented pace...

Crypto Advocate Quintenz Tapped to Lead CFTC, Hearing Set for June 2025

Brian Quintenz has very deep roots in the cryptocurrency space. He is President Trump’s nominee to become Chairman of the Commodity Futures Trading Commission (CFTC). The nomination is a strong indicator of the forthcoming shift in the regulatory landscape for digital assets. Quintenz’s confirmation hearing is scheduled to be held...

Crypto's Compliance Conundrum Insufficient FATF Adoption Masks Rising Illicit Activity

Global efforts to combat money laundering and illicit activities in the cryptocurrency space face significant hurdles due to the insufficient adoption of the Financial Action Task Force (FATF) Travel Rule. The Travel Rule came into effect in 2019. It mandates that Virtual Asset Service Providers (VASPs) like cryptocurrency exchanges collect...

Bitcoin Bulls Grapple with $100K Line Amidst Adoption and Regulatory Tides

Bitcoin seems to be at an inflection point right now, between historic levels of adoption and remarkable regulatory activity. Despite a recent dip from over $104,000 to below the $100,000 threshold, the cryptocurrency has shown resilience, remaining steady above $105,000. This $100,000 threshold has assumed a more symbolic role during...

South Korea's Digital Asset Act Paves the Way for National Stablecoin

South Korea is taking a dramatic leap forward in the digital finance space. They’ve introduced the Digital Asset Basic Act, allowing domestic firms to issue stablecoins. This bill, championed by the Democratic Party and under the leadership of President Lee Jae-myung, aims to create a clear and regulated framework for...