Illinois is considering a new set of regulations for the cryptocurrency industry, and some experts are concerned about the potential impact on innovation and entrepreneurship. These proposed regulations—the Digital Assets Control Persons Act (DACPA)—aim to provide a clear framework for the regulation of digital assets. Just as important is their...
Illinois lawmakers are flirting with disaster. Senate Bill 1797 and House Bill 742 are moving quickly through the General Assembly. Collectively, they’re called the Digital Assets and Consumer Protection Act (DACPA). Sponsored by state Sen. Mark Walker, this legislation seeks to provide heavily needed government oversight to the rapidly developing...
BitUtility’s Peacock NFT is making a splash. It envisions a day when you’ll pay your electric bill in Bitcoin the same way you order a pizza. Before you buckle up and head down this crypto-utopia road, let’s pump the brakes and demand some serious accountability. So, great news—real progress toward...
Cryptocurrency is on the cusp of transformative change. The U.S. House of Representatives is in the midst of negotiating new legislation that would more clearly and comprehensively establish a regulatory framework for digital assets. Here’s our breakdown of the major provisions included in this draft bill. It takes a close...
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...
House Republicans are pushing their newly-released draft crypto bill as a major inflection point. They argue that it provides long-overdue regulatory clarity to the digital asset space. However, buried underneath its seemingly benevolent provisions is a dangerous loophole. This loophole would by accident kill the decentralized finance (DeFi) industry 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 SEC is pursuing an aggressive enforcement stance to bring the crypto industry under its regulatory purview. This strategy has sparked controversy and fostered confusion among industry players. The SEC has done a tremendous amount in their ongoing efforts to protect investors and enforce our securities laws. The IRS culture...
The SEC, for most of those in the crypto space, brings to mind something closer to a sense of foreboding, if not outright terror. It’s a harsh, unilateral regulator doggedly seen as holding a hammer that finds every new crypto startup a nail. Imagine if the SEC had a toolkit,...
It’s the SEC’s job to protect investors. It has gone on to produce fear and confusion among the crypto community. The agency’s most recent overreaching move, namely its aggressive enforcement stance, is choking out innovation and forcing companies to leave the country. It's time to ask: Is the SEC protecting...
