Crypto regulation

Ripple CEO Blasts SEC Chair’s Crypto Remarks — Says ‘Gensler Will Cause Biden to Lose the Election’

June 26, 2024 Bitcoin.com

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Ripple CEO Brad Garlinghouse has criticized SEC Chair Gary Gensler’s recent statements on the crypto industry, calling them “absolute nonsense.” The executive argued that Gensler’s actions and oversight failures could impact the upcoming election. He suggested that Gensler should be fired if he truly worked for the American people. Ripple CEO Brad Garlinghouse Criticizes SEC […]

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Hong Kong invites global opinions on web3 and virtual assets future

June 23, 2024 Coin Telegraph

AI integration

The Hong Kong Legislative Council is actively seeking feedback on several critical aspects of Web3 policy development, including balancing technical, legal, and regulatory frameworks.

Hong Kong Legislative Council member Johnny NG Kit-Chong has said that opinions are now being sought from the global industry to propose policy recommendations and thematic discussions on the future direction of Web3 and virtual assets industry development.

According to a post on the X social platform, the Legislative Council established a subcommittee on Web3 and virtual asset development to promote the development of Web3 and virtual assets in Hong Kong.

The proposal will be studied in detail, summarized, and submitted to the government through the Legislative Council platform. This initiative aims to shape Hong Kong’s policy and regulatory landscape, positioning it as a global hub for Web3 innovation.

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Ripple CEO Hails Latest Court Ruling ‘a Big Win’ — Calls His Lawsuit Baseless Troll Attempt

June 22, 2024 Bitcoin.com

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Ripple CEO Brad Garlinghouse says the latest court ruling on Ripple’s securities lawsuit “is a big win.” He stressed that “absolutely nothing in the decision negates or changes the fact that XRP is, in and of itself, not a security.” The Ripple executive slammed allegations of misleading statements about his XRP position, stating that the […]

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Financial Stability Board Emphasizes Need for Global Crypto Regulation to Prevent Arbitrage

June 18, 2024 Bitcoin.com

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The Financial Stability Board (FSB) Plenary met in Toronto on June 14 to discuss various financial stability issues. Key topics included the financial stability outlook, lessons from the March 2023 banking turmoil, and enhancing the resilience of non-bank financial intermediation (NBFI). The FSB also reviewed progress on implementing its global regulatory framework for crypto asset […]

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Block Earner Co-Founder: Lack of Regulation Limits Australian Crypto Market to Token Sales Only

June 17, 2024 Bitcoin.com

Australian Securities and Investments Commission (ASIC)

Regulation through enforcement often yields suboptimal outcomes for all stakeholders, including consumers, as it creates a negative stigma around industry companies,” asserted the co-founder of an Australian crypto startup. The co-founder expressed optimism that the Australian Securities and Investments Commission’s recent court setback would encourage Parliament to establish a regulatory framework for the Aussie crypto […]

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As UK Elections Approach, Crypto Industry Leaders Turn Attention to Keir Starmer, Labour Party

June 13, 2024 Bitcoin.com

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With U.K. opinion polls indicating a strong performance by the Labour Party in the July 4 elections, crypto executives and lobbyists are reportedly focusing their attention on party leader Keir Starmer. The crypto industry has also prioritized two other pro-tech Labour Party leaders in its ongoing effort to influence the U.K. government’s policy on digital […]

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Britain’s public healthcare chief flags rise in crypto trading addiction

June 13, 2024 Coin Telegraph

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NHS boss Amanda Pritchard called for action, saying specialist clinics are seeing a rise in young people with crypto trading addictions.

The United Kingdom’s National Health Service chief executive Amanda Pritchard is calling on British lawmakers to take action to prevent young people from becoming addicted to crypto trading.

Speaking at the ConfedExpo of NHS managers in Manchester on June 12, Pritchard said earlier this year, the NHS opened its fifteenth specialist gambling addiction clinic in response to “a real and growing social need.”

“As a society, we need to ask: Are we okay to just continue picking up the pieces while the methods employed to keep people hooked get ever more sophisticated,” she said.

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Donald Trump Vows to Be the ‘Crypto President’ — Pledges to End Biden-Gensler Crypto Policies Within One Hour

June 8, 2024 Bitcoin.com

Bitcoin

Former U.S. President and presidential candidate Donald Trump has pledged to become “the crypto president” if re-elected. He vowed to terminate the anti-crypto policies introduced by Joe Biden and U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, emphasizing that their policies “will grind to a halt within one hour of a second Trump administration.” […]

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Associate Professor Rejects Alleged Link Between Nigerian Currency Depreciation and Crypto Trading

June 6, 2024 Bitcoin.com

Africa

Nigeria’s decision to halt naira trading on cryptocurrency exchanges is likely to worsen matters for its volatile currency,” an associate professor at the University of East London has argued. The associate professor said Nigeria can effectively regulate the cryptocurrency industry through a framework introduced by its securities regulator in 2022. Crypto Trading Not Linked to […]

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Ripple President Says SEC on ‘Warpath’ With Crypto Industry

June 5, 2024 Bitcoin.com

Bitcoin

The president of Ripple Labs has criticized the U.S. Securities and Exchange Commission (SEC)’s approach to regulating the crypto sector, emphasizing that the regulator is on a “warpath” with the industry. She highlighted the inefficiency of the current approach, stating: “This whole dynamic of setting rules through enforcement … is really unproductive and not getting […]

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