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Pro-crypto senator agrees that stablecoins must be backed by cash
The issue of whether or not stablecoins are safe to use if they are not backed by cash became a very hot topic recently after the SEC chair, Gary Gensler, first gave voice to the matter. Now, his views are seemingly mirrored by Cynthia Lummis, a well-known pro-crypto Republican Senator, indicating that Lummis shares Gensler’s […] The post Pro-crypto senator agrees that stablecoins must be backed by cash appeared first on Invezz. дальше »
2021-10-4 17:01 | |
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The boss of NatWest Bank tells crypto users to abandon all hope
Economist and Chair of the NatWest Group Sir Howard Davies said he’s “very hostile” towards crypto. The post The boss of NatWest Bank tells crypto users to abandon all hope appeared first on CryptoSlate. дальше »
2021-10-2 22:05 | |
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The United States has “No Intention to Ban” Bitcoin or Cryptocurrency, Confirms Fed Chair
Jerome Powell did say that stablecoins are “outside the regulatory perimeter” and need to be regulated. The post The United States has “No Intention to Ban” Bitcoin or Cryptocurrency, Confirms Fed Chair first appeared on BitcoinExchangeGuide. дальше »
2021-10-1 16:26 | |
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The U.S. Will Not Mirror China’s Ban On Cryptocurrencies, Fed Chair Powell Tells Congress
The United States will not follow the example of China in imposing an outright ban on cryptocurrencies but is looking at regulating stablecoins, the Fed Chairman said on Thursday. The Fed Has “No Intention” Of Banning Cryptocurrencies The United States Federal Reserve does not intend to ban all cryptocurrency transactions, the chairman Jerome Powell emphasized […] дальше »
2021-10-1 01:29 | |
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SEC Chair Yet Again Signals Support for Bitcoin Futures ETF, But says Crypto “Certainly of A Size” to Have Same Safeguards as Banking
“A lot of people are likely to get hurt,” said Gary Gensler, asking crypto platforms that accepted funds from investors and offered returns to “consider the securities laws carefully.” The post SEC Chair Yet Again Signals Support for Bitcoin Futures ETF, But says Crypto “Certainly of A Size” to Have Same Safeguards as Banking first appeared on BitcoinExchangeGuide. дальше »
2021-10-1 22:01 | |
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“Stablecoins Must Be 100% Backed By Cash” And “Only Be Issued By Depository Institutions,” Says Sen. Cynthia Lummis
A crypto supporter, Wyoming Senator, has concerns about stablecoins not being fully backed “in a transparent manner. ” Meanwhile, the Fed chair acknowledges they shouldn’t wait too long on CBDC as “there is a sense of urgency” in terms of digital currencies. дальше »
2021-9-30 17:37 | |
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Resistance Grows to Big Bank and Cryptocurrency Critic for the OCC Chair
Cryptocurrency regulations continue to stall in the United States, with regulators and industry players seemingly unable to reach a consensus. At the same time, the Biden administration appears to be having trouble with its latest financial regulatory candidate. дальше »
2021-9-29 22:05 | |
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US Senator puts pressure on SEC chair Gensler, says China’s crypto crackdown is a ‘big opportunity’ for America
Senator Pat Toomey of Pennsylvania said that China’s authoritarian crackdown on crypto should be taken as an advantage by the US. To seize the opportunity, the US regulators need to change their “regulation-by-enforcement” ways, according to the Banking Committee Ranking Member, Toomey, who recently pressured the Securities and Exchange Commission (SEC) Chairman Gary Gensler to […] The post US Senator puts pressure on SEC chair Gensler, says China’s crypto crackdown is a ‘big opportunity’ for America appeared first on CryptoSlate. дальше »
2021-9-27 19:00 | |
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Senator Toomey Urges US Lawmakers to Adopt Crypto and Gain ‘Huge’ Advantage over China
Crypto supporter Senator Pat Toomey (R-Pa) also wrote a letter to SEC Chair Gary Gensler in which he admonished the agency for its “regulation-by-enforcement” strategy and called for more regulatory clarity. дальше »
2021-9-25 18:14 | |
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SEC Chair Gary Gensler Reveals Plans To Clean Up Crypto Space – Stablecoins At Grave Risk?
Key takeaways SEC chair Gary Gensler goes on rampage against the cryptocurrency industry in recent interview. Gensler considers over 5,000 cryptocurrencies to be securities and won’t relent in going after them. дальше »
2021-9-24 23:37 | |
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Canadian regulators warn against 'gambling style' advertising and marketing in guidelines for crypto companies
“Misleading advertisements and improper marketing strategies may encourage investors to take on risks they would normally avoid," said CSA chair Louis Morisset. дальше »
2021-9-24 20:45 | |
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US Federal Reserve to Release CBDC Research Paper ‘Soon’
U.S. Federal Reserve Bank Chair Jerome Powell said that the bank would soon release a paper on a CBDC, indicating that the U.S. government is picking up its pace with CBDC research. The post US Federal Reserve to Release CBDC Research Paper ‘Soon’ appeared first on BeInCrypto. дальше »
2021-9-23 11:02 | |
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SEC Chair Gensler responds to Coinbase allegations of failing to provide crypto clarity
Speaking on CNBC, SEC Chair Gary Gensler responds to claims made by Coinbase CEO Brian Armstrong that his organization refused to provide clarity and threatened legal action. The post SEC Chair Gensler responds to Coinbase allegations of failing to provide crypto clarity appeared first on CryptoSlate. дальше »
2021-9-23 10:00 | |
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Why the cryptocurrency industry just needs 'right type of regulations'
The U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has made investor protection his motto. But according to advocate John Deaton, around 20,000 crypto investors disagree. Former The post Why the cryptocurrency industry just needs 'right type of regulations' appeared first on AMBCrypto. дальше »
2021-9-23 04:30 | |
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SEC Chair Gary Gensler Literally Says Nothing New But Here’s the Highlights
SEC Chair says Stablecoins are “poker chips at the casino” that is “challenging the established business models.” The post SEC Chair Gary Gensler Literally Says Nothing New But Here’s the Highlights first appeared on BitcoinExchangeGuide. дальше »
2021-9-22 16:07 | |
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Ripple And XRP Propped Up By Republican Senators As They Push Against SEC’s Scheme
Key takeaways SEC chair Gary Gensler gets called out for the commission’s method of crypto-industry regulation by the Senate. Ripple co-founder calls out Gensler for contradictory statements on the crypto-industry. дальше »
2021-9-19 15:45 | |
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SEC Chair’s ‘Very Objectionable’ Approach to Crypto Sees Only ‘A Small Number’ of Cryptocurrencies as Not Securities
Gary Gensler says he’s not “negative or a minimalist about crypto,” rather standards established by Congress which can be changed by them “have a very broad definition of a security.” The post SEC Chair’s ‘Very Objectionable’ Approach to Crypto Sees Only ‘A Small Number’ of Cryptocurrencies as Not Securities first appeared on BitcoinExchangeGuide. дальше »
2021-9-15 16:20 | |
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SEC Chair, Gary Gensler, Calls for Crypto Exchanges to Register with the Commission
In his prepared remarks for the Senate Committee on Banking, Housing, and Urban Affairs hearing, Gary Gensler is focusing on “large parts” of the crypto market — finance, issuance, trading, and lending — not operating within the regulatory frameworks. дальше »
2021-9-14 15:56 | |
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Why U.S. SEC Chair, Gensler thinks this asset class is 'rife with fraud, scams, and abuse'
The United States Securities and Exchange Commission (SEC) Chair, Gary Gensler, once again urged crypto companies to register with the SEC, in order to escape trouble in the future while also keeping The post Why U. дальше »
2021-9-14 15:00 | |
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SEC chair doubles down, tells crypto firms 'come in and talk to us'
"Under our laws, they have to register with the Commission unless they qualify for an exemption," said Gary Gensler.
дальше »2021-9-14 23:38 | |
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More Middlemen Needed in Crypto’s Middle: SEC’s Gensler Declares to the EU
Seated in front of a video connection on Wednesday, to the gathering of high-profile European Union (EU) diplomats, SEC chair, Gary Gensler delivered what would be his fourth appearance speech to the regional governing body, on issues such as predictive data analysis, digital engagement practices, issue disclosures, and of course, cryptocurrencies. In his introductory remarks […] дальше »
2021-9-12 13:23 | |
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UK calls out Kim Kardashian for promoting knock-off Ethereum, but fails to take action
The Chair of the Financial Conduct Authority (FCA), Charles Randell, singled out Kim Kardashian for her role in promoting Ethereum knock-off EthereumMax (EMAX). The post UK calls out Kim Kardashian for promoting knock-off Ethereum, but fails to take action appeared first on CryptoSlate. дальше »
2021-9-8 04:00 | |
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UK's FCA Chair recommends 'narrowing' regulatory focus on stablecoins and speculative tokens
Just as regulators worldwide are tightening their grip around the cryptocurrency industry, Britain's top financial watchdog appealed for expanding the scope of regulation in the country, albeit with cThe post UK's FCA Chair recommends 'narrowing' regulatory focus on stablecoins and speculative tokens appeared first on AMBCrypto. дальше »
2021-9-7 04:00 | |
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FCA Chairman Talks Crypto Token Regulation, Stating ‘Promising Use Cases’
The chair of the UK’s Financial Conduct Authority (FCA) released a speech on crypto regulations, including the risks and benefits. The post FCA Chairman Talks Crypto Token Regulation, Stating ‘Promising Use Cases’ appeared first on BeInCrypto. дальше »
2021-9-6 20:15 | |
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Opening the Floodgates: Enabling Technology Asset Liquidity With F-NFTs
The world is sitting on assets worth trillions of dollars. Well, we can’t actually sit on them since they aren’t tangible like a chair. Many of these assets come in the form of technology that can not be sold or are just simply underutilized. дальше »
2021-9-4 16:00 | |
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SEC Chair says DeFi Leaves Investors ‘Vulnerable’ and Stablecoins Facilitate AML and Sanctions Bypass
The innovation that has grown to be a $2. 1 trillion asset class with no borders or boundaries “has been and could continue to be a catalyst for change in the fields of finance and money,” said Gary Gensler. дальше »
2021-9-2 17:06 | |
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SEC Chair Says $2.2T Crypto Industry Is At A Level That It Must Be Within A “Public Policy Framework”
According to Gary Gensler, who is set to testify before the European Parliament’s Committee on Economic and Monetary Affairs on Wednesday regarding crypto, DeFi isn’t really a new concept. It has “a fair amount of centralization” as such regulators can exercise authority over these decentralized platforms. дальше »
2021-9-1 16:37 | |
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Only In Crypto: A Croissant Explains Why Ethereum Will Be Worth Trillions
Ethereum has resumed its upwards trends in the past hour, as the U. S. Federal Reserves Chair Jerome Powell hints at an extension on their economic stimulus policies. At the time of writing, ETH’s price trades at $3,252 with a 4. дальше »
2021-8-28 21:00 | |
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Bloomberg and Galaxy Digital Launches DeFi Index; SEC Chair Gary Gensler says DeFi is “A Bit of A Misnomer”
Bloomberg and Galaxy Digital have collaborated to launch the Bloomberg Galaxy DeFi Index (ticker: DEFI). The benchmark owned and administered by Bloomberg Index Services Limited and co-branded with Galaxy will measure the performance of the largest decentralized finance (DeFi) protocol by market value. дальше »
2021-8-20 20:02 | |
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SEC Chair Calls DeFi A “Misnomer”, Hints At More Regulations
U. S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has double down on his take about decentralized finances (DeFi) regulations. In a recent interview with the Wall Street Journal, Gensler referred to the term DeFi as a “misnomer” and spoke more broadly about his stand towards the sector. дальше »
2021-8-19 21:00 | |
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Former SEC Chair Jay Clayton joins Fireblocks advisory board
In his new role, Clayton will aid Fireblocks in navigating the regulatory hurdles for developing and deploying digital asset infrastructure, especially around capital markets. дальше »
2021-8-20 16:00 | |
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SEC head Gary Gensler warns of ‘even more’ crypto regulation
Senator Elizabeth Warren recently released the letter Securities and Exchange Commission (SEC) Chair Gary Gensler sent in response to her request to address the “opaque and volatile” crypto market and resolve whether the Congress should intervene. дальше »
2021-8-13 19:00 | |
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SEC Needs More Authority to Prevent Crypto from Falling Between Regulatory Cracks: SEC Chair
In a letter to Senator Elizabeth Warren, Gary Gesler targets DeFi and stabelcoins and said more resources are needed to protect investors in this growing and volatile sector. The post SEC Needs More Authority to Prevent Crypto from Falling Between Regulatory Cracks: SEC Chair first appeared on BitcoinExchangeGuide. дальше »
2021-8-13 17:50 | |
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4 Bitcoin Futures-backed ETFs Filed Since SEC Chair Gary Gensler Signaled His Openness to Them
Grayscale’s global head of ETF reads Chair Gensler’s comments to be “very positive,” while ProShares’ head of investment strategy says, “the advantage of this approach is clear.” The post 4 Bitcoin Futures-backed ETFs Filed Since SEC Chair Gary Gensler Signaled His Openness to Them first appeared on BitcoinExchangeGuide. дальше »
2021-8-13 17:06 | |
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SEC Chair Gensler Calls on Senator Warren for Regulatory Support
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has reached out to Massachusetts Democratic Senator Elizabeth Warren for regulatory support. The post SEC Chair Gensler Calls on Senator Warren for Regulatory Support appeared first on BeInCrypto. дальше »
2021-8-12 21:20 | |
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