The European Union is set to vote on the Markets in Crypto Assets (MiCA) proposal, aiming to establish a legal framework that will regulate the cryptocurrency industry and rebuild trust after high-profile collapses. European Union legislators aim to conclude the cryptocurrency industry’s “wild...
Arkansas has recently passed the Arkansas Data Centers Act of 2023, a bill to regulate bitcoin (BTC) mining within the state. The legislation, now awaiting the governor’s approval, aims to create guidelines for miners, protect them from discriminatory regulations and taxes, and acknowledge...
The investor advisory committee (IAC) of the U.S. securities and exchange commission (SEC) has argued that virtually all cryptocurrencies are securities and as such, the SEC must continue to aggressively regulate the crypto industry. IAC calls for more stringent crypto regulation As the...
Elizabeth McCaul, a member of the supervisory board of the European Central Bank (ECB), has advocated for more regulation of cryptocurrency businesses. According to McCaul, more effort must be put into considering what international coordination will look like and how it may successfully...
The U.S. securities and exchange commission (SEC) chairman, Gary Gensler, recently participated in a budget hearing for the fiscal year 2024, discussing the regulation of cryptocurrency markets and consumer protection. The meeting, held by the house committee on appropriations, subcommittee on financial services...
The US government is tightening its banking and AI regulations as cryptocurrencies profit from the recent US banking crisis. In a March 30 press briefing, White House press secretary Karine Jean-Pierre announced that the president had directed banking agencies to consider a series...
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), stated that the monetary body prefers regulating crypto assets over a complete prohibition at the recent G20 finance ministers’ meeting in Bengaluru, India. The IMF’s viewpoint is consistent with recent research suggesting universal...
Blockchain Association policy head Jake Chervinsky has outlined the necessary steps the US crypto industry could take to nip the regulators’ enforcement action approach towards regulating the US Web3 space. He argued that neither the SEC nor the CFTC has the authority to...
Kevin O’Leary, a venture investor and star of the television show Shark Tank, has expressed his belief that the cryptocurrency exchange Binance may soon be subject to governmental scrutiny. In a recent interview with Scott Melker, the former paid promoter of FTX has...
According to recent reports, the United Kingdom’s His Majesty’s Treasury plans to implement stringent rules for crypto assets. 2022’s dire events that took down several entities have left governments worldwide in dire need of effective crypto regulations. The United Kingdom has spearheaded what...