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In an executive order on Thursday, he touted the digital asset industry as "crucial" to U.S. innovation, created a working group to draft new crypto rules and explore a crypto stockpile, while the ...
One reason the SEC has been able to attempt to apply antiquated thinking to the regulation of the new internet is that, so far, Congress has not passed nuanced legislation that defines regulatory ...
The SEC has said its crypto regulations may change based on “numerous undertakings” it is currently pursuing and that developing new rules would take it away from other duties, the court said.
The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them. [1] Whereas, in the majority of countries the usage of cryptocurrency isn't in itself illegal, its status and usability as a means of payment (or a commodity) varies, with differing regulatory implications.
The legislation has bipartisan support with both Democrats and Republicans sponsoring the bill. The proposed legislation excludes certain stablecoins from both CFTC and SEC regulation, "except for fraud and certain activities by registered firms." [2] The bill was passed in the lower house of Congress in May 2024 and moves on to the Senate. [3]
Crypto regulations vary across the U.S. from state to state and even between federal agencies, which all have different ways of defining crypto that come with their own tax implications and laws.
<i>Yesterday, Congress addressed in two full hearings why it’s time to start taking a closer look at why and how digital assets, including cryptocurrencies, are impacting U.S. marketplaces.</i ...
Some members of Congress have opposed the SEC's actions on crypto, arguing that the SEC needs congressional approval to justify going after bad actors, or that crypto should be regulated more like ...