News with the tag "Crypto Regulation News"

The US Senate is preparing to vote on long-awaited stablecoin legislation before Memorial Day, setting the stage for the chamber’s first major crypto regulation vote. Senate Majority Leader John Thune shared the timeline with Republican lawmakers during a closed-door lunch on Tuesday, Politico repor...

The US Securities and Exchange Commission has dropped its investigation into the PayPal dollar-backed stablecoin , PYUSD, without taking enforcement action. PayPal disclosed the decision in a Tuesday filing , marking another high-profile crypto probe closed under President Donald Trump’s administrat...

Key Takeaways: The UK’s draft crypto rules seeks to curb scams and protect consumers by bringing exchanges and dealers under stricter financial regulation. The government is also exploring a cross-border sandbox with the United States to promote international cooperation and innovative oversight of ...

Key Takeaways: Banks are still banned from holding crypto, stifling blockchain adoption. Senator Lummis links the US Fed to Operation Chokepoint 2.0 crackdown. Caitlin Long, CEO of Custodia Bank, accused the US Federal Reserve of pretending to support crypto while quietly favoring big banks. The ban...

The American stock exchange, Nasdaq, has urged the U.S. Securities and Exchange Commission (SEC) to develop a clear and consistent classification framework for crypto assets, emphasizing the need for regulatory clarity as digital assets continue to develop. In a 23-page letter addressed to the SEC’s...

Key Takeaways: Circle expects to comply with future U.S. regulations on stablecoins, which may involve obtaining a trust charter or another type of nonbank license. Regulatory uncertainty in the U.S. contrasts with more defined frameworks in other jurisdictions, adding pressure for lawmakers to act....

Key Takeaways: Vilonia rejects crypto mining to protect community health. Arkansas tightens crypto mining rules amid statewide backlash. Studies link crypto mining to pollution harming 1.9 million Americans. On April 25, Vilonia’s planning commission rejected a cryptocurrency mining facility proposa...

The US Fed on Thursday withdrew its previous guidelines for banks regarding crypto assets and stablecoin activities, signaling a shift toward more flexible supervision as digital assets gain momentum in financial markets. On Thursday, the Fed announced it would rescind several supervisory letters an...

Newly-confirmed United States Securities and Exchange Commission (SEC) Chair Paul Atkins is slated to speak at the agency’s upcoming crypto roundtable on Friday, the organization announced on April 23. New SEC Chair To Give Opening Remarks At Roundtable Titled “Know Your Custodian: Key Consideration...

Last week saw major regulatory actions against crypto mixing services and alleged fraud along with pushback from lawmakers. Image by Andrii, Adobe Stock. The cryptocurrency industry increasingly finds itself under the purview of regulators striving to balance innovation with consumer protection and ...