The CLARITY Act debate has intensified after the Digital Chamber released a competing set of principles to challenge proposals backed by major U.S. banks. The blockchain trade association defended the current draft bill while signaling room for compromise on specific issues. The banking sector has pushed for tighter restrictions, particularly
A crypto-aligned super PAC affiliate plans to spend $5 million to support Barry Moore’s U.S. Senate campaign, according to reports. Defend American Jobs, linked to the prominent crypto PAC Fairshake, will launch a five-week advertising campaign featuring former President Donald Trump endorsing Moore. The ads will run on broadcast television
Over 125 crypto companies have come together to form a coalition that aims to safeguard stablecoin reward programs from limitations that may be imposed by the traditional banking sector. This group of companies has written a letter to Congress advocating for their freedom to provide attractive returns to clients via
Crypto platforms’ vulnerability to scams has been the emphasis over the past few months, with the sector reporting several major incidents since H1 2024. The global crypto sector has taken measures to enhance security in the recent past amid rising scams. Notably, in the last 24 hours, on-chain analyst ZachXBT
UK regulatory warns 111 crypto firms for not registering with FCA. Millions of UK adults are holding crypto now. FCA also established the “Temporary Registration Regime” earlier. The Financial Conduct Authority (FCA) of the United Kingdom, which is in charge of regulating the crypto industry in terms of anti-money laundering
Problems in the process of registering crypto firms. 77 new crypto firms submitted applications that are yet to review. FCA established a “Temporary Registration Regime”. Crypto firms are struggling to meet the Financial Conduct Authority’s anti-money laundering standards in the United Kingdom. The FCA had only registered five crypto businesses
