Tags : proposes

Market

Coinbase Proposes US Create New Regulator to Oversee Crypto —

Despite Gensler’s assurances, the perception of crypto regulation in the U.S. has been that it is disjointed, with no single federal regulator assigned to the overall industry. The SEC oversees securities and has spent years filing enforcement actions against initial coin offering tokens and startups accused of violating federal securities laws, while its counterpart, the […]Read More

Market

A16z Proposes Decentralization-Friendly Oversight Regime for US Government — CoinDesk

Specifically, a16z’s consumer protections proposal, filed in response to a call from U.S. Sen. Pat Toomey (R-Pa.) of the Senate Banking Committee, recommended creating a simple disclosure-based supervision regime under the Consumer Financial Protection Act. DAOs, meanwhile, are to be given similar legal rights to that of a standard incorporated entity including tax requirements, being […]Read More

Market

US Lawmaker Proposes Safe Harbor Bill, Echoing SEC Commissioner Peirce

“Unfortunately, our current regulatory framework threatens to push this technology – and the jobs created by this rapidly growing industry – overseas,” McHenry said in a statement. “My bill, which builds on the great work of SEC Commissioner Hester Peirce, will help provide the necessary legal certainty to digital asset projects when they launch.” Source […]Read More

Bitcoin

U.S Senate candidate proposes Fort Nakamoto as a strategic Bitcoin

The COO of VC firm Thiel Capital and U.S Senate candidate Blake Masters wants to set up “Fort Nakamoto” – a “strategic reserve of Bitcoin,” which he likened to Fort Knox and gold. This move was inspired by China’s renewed crackdown on cryptocurrency last week, which led to further downturns across the market. Masters intends […]Read More

Regulation

Uruguay senator proposes bill to classify Bitcoin and other cryptos

A senator in the Uruguayan parliament, Senator Juan Satori has joined the league of politicians supporting Bitcoin as he recently introduced a draft bill that proposes the regulation and enablement of the adoption of crypto payments by businesses. Crypto for business in Uruguay  Per Satori’s bill, “crypto assets will be recognized and accepted by the law […]Read More

Regulation

Swiss committee proposes banks hold a dollar for every dollar

Swiss committee proposes banks hold a dollar for every dollar in Bitcoin exposure Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Bitcoin › Switzerland › Regulation Banks will face the most strenuous requirements if they wish to be exposed to cryptocurrencies. Shaurya Malwa · June 10, […]Read More

Cryptocurrency

Bitcoin drops 10% after Indian government proposes new crypto ban

Today, Bitcoin dropped more than 10% after the Indian government proposed legislation for banning Bitcoin, according to Reuters. The government already had plans to ban cryptocurrencies since January — but now it’s become clear that the goal is to strictly regulate profiting with Bitcoin, which includes holding or trading. $1 Billion in Positions Liquidated According […]Read More