crypto regulations

US Congress Passes First Standalone Crypto Legislation

May 19, 2024 Bitcoin.com

bitcoin.com

The U.S. Congress has passed its first standalone crypto legislation, which aims to overturn the controversial U.S. Securities and Exchange Commission (SEC)’s SAB 121 rules regarding crypto assets. However, President Joe Biden has threatened to veto this decision, citing concerns about financial stability and market uncertainty. ‘We Are Just Getting Started’ In a historic move, […]

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Wyoming proposes bill for Strategic Bitcoin Reserve

US Senate Votes to Overturn SEC’s Controversial Crypto Rules — Biden’s Veto Threat Looms

May 16, 2024 Bitcoin.com

Biden veto

The U.S. Senate has voted to overturn the Securities and Exchange Commission (SEC)’s controversial SAB 121, which imposes regulatory burdens on digital asset custodians. The resolution also passed in the House and now faces a veto threat from President Joe Biden. Last week, the White House issued a statement: “If the President were presented with […]

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Wyoming proposes bill for Strategic Bitcoin Reserve

Tether CEO and Ripple CEO Clash Over USDT — Brad Garlinghouse Says ‘I Wasn’t Attacking Tether’

May 14, 2024 Bitcoin.com

bitcoin.com

Tether CEO Paolo Ardoino has responded to remarks made by Ripple CEO Brad Garlinghouse, branding him as an “uninformed CEO” and accusing him of fostering uncertainty about stablecoin USDT amid a U.S. Securities and Exchange Commission (SEC) investigation into his company. In reply, Garlinghouse clarified that his comments were not an attack on Tether but […]

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Wyoming proposes bill for Strategic Bitcoin Reserve

SEC Rejects Coinbase’s Call for New Crypto Regulations

May 13, 2024 Bitcoin.com

bitcoin.com

In a recent legal filing, the U.S. Securities and Exchange Commission (SEC) pushed back against Coinbase’s demands for a completely revamped regulatory framework for cryptocurrencies. The agency argued that existing rules are adequate and that it’s not required to create new regulations from scratch as Coinbase suggests. SEC Clings to Century-Old Rules in Response to […]

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Wyoming proposes bill for Strategic Bitcoin Reserve

Ethereum ETFs Face Uphill Battle With SEC: Analyst Foresees Possible Delay Until 2025

May 13, 2024 Bitcoin.com

Bitcoin

A senior Bloomberg ETF analyst predicts that spot ethereum exchange-traded funds (ETFs) in the U.S. are unlikely to emerge this year. Despite the Securities and Exchange Commission (SEC) approving spot bitcoin ETFs, the same is not expected for Ethereum due to different regulatory considerations. The forthcoming U.S. election could further impact this scenario, potentially altering […]

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Wyoming proposes bill for Strategic Bitcoin Reserve

India Approves Crypto Exchanges Binance and Kucoin as Registered Virtual Asset Service Providers

May 11, 2024 Bitcoin.com

Binance

Cryptocurrency exchanges Binance and Kucoin have successfully registered with India’s Financial Intelligence Unit as Virtual Asset Service Providers (VASPs), a top official has reportedly confirmed. Both crypto exchanges were previously banned in India due to violations of the country’s anti-money laundering regulations. Kucoin and Binance Registered With FIU India The Financial Intelligence Unit – India […]

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Wyoming proposes bill for Strategic Bitcoin Reserve

Senate Urged to Swiftly Overturn SEC’s ‘Misguided’ Crypto Rules

May 10, 2024 Bitcoin.com

Bitcoin

Following the U.S. House of Representatives passing a resolution to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121), Senator Cynthia Lummis has urged the Senate to do the same. The resolution aims to prevent regulatory overreach that makes it prohibitive for financial institutions to hold customers’ digital assets. Critics, including House Financial Services Committee […]

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Wyoming proposes bill for Strategic Bitcoin Reserve

SEC Chair Gary Gensler Calls Crypto ‘Outsized Piece of Scams, Frauds, and Problems in Our Markets’

May 7, 2024 Bitcoin.com

Bitcoin

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reiterated his view that crypto is a field full of noncompliance. While noting that crypto is a small piece of the overall U.S. financial market that his agency oversees, the SEC chair emphasized that it is “an outsized piece of the scams […]

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Wyoming proposes bill for Strategic Bitcoin Reserve

Robinhood Prepares to Fight SEC in Court Over Crypto, CEO Reveals

May 7, 2024 Bitcoin.com

bitcoin.com

Robinhood Markets is preparing to fight the U.S. Securities and Exchange Commission (SEC) in court to defend its crypto business and establish “regulatory clarity in the United States for the benefit of our customers,” CEO Vlad Tenev said after his company received a Wells notice from the securities regulator. “The SEC’s continued attack on crypto, […]

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Wyoming proposes bill for Strategic Bitcoin Reserve

US Government Could Target Bitcoin, Warns ‘Wolf of All Streets’ Amid Crypto Attacks

May 3, 2024 Bitcoin.com

Bitcoin

Scott Melker, also known as the “Wolf of All Streets,” has cautioned that the same attacks on cryptocurrencies by the U.S. government “would eventually come for bitcoin, regardless of it being a commodity.” His warning followed recent regulatory actions by various government agencies, including the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), […]

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Wyoming proposes bill for Strategic Bitcoin Reserve