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Here’s a look at the pros and cons of crypto rules and where crypto regulations currently stand. How crypto works. Before crypto regulations, there were cryptocurrencies, which are digital ...
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.
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 ...
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 ...
Data protection regulators internationally issued a statement [77] asking Facebook to protect personal data of users, and to detail Libra's planned practices for handling personal data, in the light of "previous episodes where Facebook's handling of people's information has not met the expectations of regulators, or their own users."
Without Congress, federal regulators like the Securities and Exchange Commission have stepped in to take their own enforcement actions against the industry, including the filing of lawsuits ...
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]
While today's vote marks a significant step forward for crypto, the sector will have to maintain that momentum past the election into the next Congress if it has any hope of enacting the legislation.