In a recent court hearing, judges expressed skepticism regarding the SEC’s denial of Coinbase’s petition for rulemaking. Coinbase filed this petition on July 22, 2022, seeking clarity on regulatory guidelines. The SEC officially rejected the petition on July 27, 2023, claiming that it had already established sufficient guidelines. This case
Vivek Ramaswamy, a biotech entrepreneur and former presidential nominee, made waves last year by calling for mass deregulation of the cryptocurrency industry. He was the first Republican candidate to introduce a detailed crypto plan, aiming to reduce the federal workforce, including the Securities and Exchange Commission (SEC). Recently on Wednesday,
Binance has opted to withdraw from Canada amid the implementation of a set of fresh guidelines for cryptocurrency exchanges. The regulations impose limits on investors and require exchanges to register with authorities. In recent months, Canada has implemented stricter regulations for trading platforms dealing with crypto assets. This includes the
David Schwartz, Ripple CTO’s mockery about the US government institutions has gained various stakeholders’ attention. Commodity Futures Trading Commission’s (CFTC) recent activity of suing Binance and its CEO, CZ is really affecting the crypto market. Additionally, CFTC proposed Bitcoin, Ethereum, and Litecoin to be commodities. Whereas, U.S. Securities and Exchange
Coinbase, the American cryptocurrency exchange platform has introduced “Crypto435”, a pro-crypto policy campaign. The number in the name signifies the 435 Congressional districts in the US. The firm holds the collective motto, to make the voice of the crypto community audible to the policymakers. 5/ Coinbase will empower the #Crypto435
François Villeroy de Galhau, the Governor of the Bank of France, wants to strengthen the regulatory standards for cryptocurrency businesses. According to a recent report from Bloomberg, the head of France’s central bank has called for tighter licensing requirements for crypto-based firms in the country. His latest decision is a
The cryptocurrency market plummeted in real time along with the World’s economy. Although many sequential backlashes led to this downfall, this article focuses on a few that caused massive disruption. 2022 is a year of crypto adoption and unanticipated mass crypto tax regulations. Countries like Australia, Canada, Denmark, France, Germany,
A legal framework governing cryptocurrencies was first adopted in Japan. After Terra Luna collapsed in 2022, a bill was passed allowing licensed banks to use stablecoins. The Japanese government endorsed a cabinet decision to revise six laws related to the Foreign Exchange Act to resist money laundering. The bill tightens
The draft for regulation bill is in circulation among the U.S Representatives. The inclusion of stablecoins in the major payment portals makes it very common. U.S House of Representatives will slightly implement the regulatory bill on stablecoin by the end of 2022. The talk about the regulation draft came to
The CFTC is planning to strengthen its control of the cryptocurrency market. As per Rostin Behnam, CFTC is the authorized regulator to oversee digital assets trading. The US Commodity Futures Trading Commission (CFTC) is continuously demanding the regulation of the cryptocurrency market. In a recently held legislative hearing, the chairman
