legislation
A U.S. Crypto Bill’s 2024 Chances
Published
2 weeks agoon
By
adminThe crypto industry has been begging for issue-specific legislation in the U.S. for years, in the hopes that this legislation may create clear permissions for companies to develop and issue tokens, manage blockchain networks or otherwise operate free of the concern that regulators may come knocking. The closest Congress has gotten so far is the Financial Innovation and Technology for the 21st Century Act, a House bill supported by Financial Services Committee Chair Patrick McHenry (R-N.C.). With a limited number of working days left in the year, the chances for crypto legislation moving through the Senate are slim. So here’s what could happen and the potential roadblocks.
Source link
You may like
Eyes on Solana’s recovery in September as APORK looks to be next to pump 100x
Sui Price Eye 96% Hike; Is ATH Within Reach Soon?
Spanish Crypto Exchange Bit2Me Obtains License in Argentina as a Virtual Asset Service Provider
Bitcoin price ready for bullish breakout, analysts say
Toncoin Price Eyes $8 Breakout as TON Network Hits $1 Billion USDT Issuance
A crypto with 11x growth potential attracting ETH & TON whales
coinbase
A ‘pro-crypto’ congress is coming: Coinbase CLO
Published
2 weeks agoon
September 3, 2024By
adminIn an interview, Paul Grewal, Coinbase’s Chief Legal Officer, said that a shift is coming in the U.S. crypto legislative landscape. He forecasted the emergence of a “pro-crypto” Congress following the 2024 elections.
Grewal discussed in a Bloomberg Crypto interview how bipartisan support for crypto and evolving political dynamics will soon lead to more favorable crypto policies. Grewal mentioned how there is a growing interest of both Democrats and Republicans toward crypto and digital assets.
“There’s no question about it; we are going to see a pro-crypto Congress emerge, regardless of the particular outcome in individual races, and of course, the outcome in the presidential race.”
Paul Grewal
This development starkly contrasts the current regulatory environment led by the SEC under Gary Gensler. Gensler has questioned crypto and Bitcoin’s (BTC) legitimacy, emphasizing its association with fraud, manipulation, and illicit activities despite the SEC’s earlier approval of Bitcoin ETFs.
FIT 21
Grewal’s optimism towards Congress seemed rooted in recent bipartisan legislative efforts, such as the FIT 21 bill, which he described as a strong foundation for establishing a clear market structure for cryptocurrencies while ensuring critical investor protections.
The bill, which passed with bipartisan support in the House, is now under consideration in the Senate.
Grewal emphasized the growing recognition among lawmakers of the importance of crypto, as shown by the support of 71 Democrats and Republicans in the House.
Pro-crypto congress
Moreover, Grewal discussed the broader implications of a pro-crypto Congress, suggesting that such a shift could lead to a regulatory environment more focused on legislation than on litigation—a departure from the current SEC approach.
Grewal pointed out the global context, noting how other regions, particularly Europe, have adopted more pragmatic and consistent crypto regulations, which could serve as a good model for the U.S.
“We’re seeing a much more sensible, pragmatic, and still tough approach being taken in Europe, focusing on legislation, not litigation.”
Grewal
Source link
House Financial Service Committee
U.S. House Passes Crypto Illicit Finance Bill That's Likely to be Rebuffed in Senate
Published
2 months agoon
July 23, 2024By
adminThe U.S. House of Representatives has approved another piece of cryptocurrency legislation with a routine voice vote, though the bill to set up a government working group to assess how to keep bad actors from using digital assets isn’t likely to become a law as-is.
Source link
Eyes on Solana’s recovery in September as APORK looks to be next to pump 100x
Sui Price Eye 96% Hike; Is ATH Within Reach Soon?
Spanish Crypto Exchange Bit2Me Obtains License in Argentina as a Virtual Asset Service Provider
Bitcoin price ready for bullish breakout, analysts say
Toncoin Price Eyes $8 Breakout as TON Network Hits $1 Billion USDT Issuance
A crypto with 11x growth potential attracting ETH & TON whales
Mpeppe Takes Internet Computer (ICP) Spot As Top Gainers ICP Holder Look To Liquidate
Bitcoin Price $60K Breakout Meets Major Accumulation; Is ATH Next Stop?
Arbitrum, ApeCoin in focus ahead of big token unlocks
Is Ethereum Price $4K Rally at Risk Amid Pectra Upgrade Division Talks?
Analyst Benjamin Cowen Predicts Altcoin Bleed-Out Toward End of the Year – Here’s Why
$1.3b Bitcoin left exchanges, bulls deny losing $60k
World’s 5th Top Crypto Investor Lost $43.5M Revealing How Not All Trades Are Perfect
When Are the Next Big Telegram Game Airdrops? From ‘Hamster Kombat’ to ‘Catizen’ and ‘Rocky Rabbit’
Base Blockchain active addresses, transactions hit all-time high
Top Crypto News Headlines of The Week
Ethereum, Solana touch key levels as Bitcoin spikes
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
Bitcoin Open-Source Development Takes The Stage In Nashville
Ethereum Crash A Buying Opportunity? This Whale Thinks So
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
Why Did Trump Change His Mind on Bitcoin?
Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction
Citigroup Executive Steps Down To Explore Crypto
Bitcoin flashes indicator that often precedes higher prices: CryptoQuant
Crypto Market Movers: 5 Altcoins Making Waves This Bull Run
Dormant Bitcoin wallet from 2014 moves BTC worth $10.2m
Will Toncoin Price Crash to $2 As Founder Gets Arrested In France?
Australia’s police joins global campaign to disrupt crypto scams
Polygon on-chain activity spikes despite MATIC price dip
Trending
- 24/7 Cryptocurrency News4 weeks ago
Top Crypto News Headlines of The Week
- Bitcoin2 months ago
Ethereum, Solana touch key levels as Bitcoin spikes
- Bitcoin2 months ago
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
- Opinion2 months ago
Bitcoin Open-Source Development Takes The Stage In Nashville
- Altcoins1 month ago
Ethereum Crash A Buying Opportunity? This Whale Thinks So
- Price analysis1 month ago
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
- Donald Trump2 months ago
Why Did Trump Change His Mind on Bitcoin?
- Price analysis1 month ago
Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction