Digital Chamber Urges SEC to End Attacks on Crypto Industry, Embrace Future of Finance

July 2, 2024 Bitcoin.com

bitcoin.com

The Digital Chamber (TDC) has urged the U.S. Securities and Exchange Commission (SEC) to end its attacks on the crypto industry following its enforcement action against Consensys. The chamber argues the SEC’s actions are overreaching and detrimental to financial innovation and inclusion. Digital Chamber Criticizes SEC’s Action The Digital Chamber (TDC) has called on the […]

Oracle Network Chainlink Rapidly Ascending List of Top Crypto Projects in Development Activity: Santiment

Supreme Court’s Chevron Ruling Seen as ‘a Game Changer’ for Crypto Industry

June 29, 2024 Bitcoin.com

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The U.S. Supreme Court has struck down Chevron deference, a doctrine that allowed federal agencies broad discretion in interpreting ambiguous statutes. This decision is seen as a pivotal shift towards greater regulatory clarity and judicial oversight, especially impacting the digital assets sector. Supreme Court Overturns Chevron Deference, Paving Way for Regulatory Clarity in Digital Assets […]

Oracle Network Chainlink Rapidly Ascending List of Top Crypto Projects in Development Activity: Santiment

US Senate overturns SEC’s anti-crypto resolution, but will Biden veto? Law Decoded

May 20, 2024 Coin Telegraph

American Bankers Association

The U.S. president remains the last barrier to recalling the problematic anti-crypto resolution by the SEC.

In a 60 to 38 vote, United States senators passed H.J. Res. 109, a resolution nullifying the U.S. Securities and Exchange Commission’s (SECs) Staff Accounting Bulletin No. 121. The commission’s rule requires banks to keep customers’ digital assets on their balance sheets, with capital maintained against them — a measure many lawmakers and industry leaders have criticized as stifling innovation.

“The tally, a stunning 60 ‘Yeas’ in the Senate vote, sends a strong signal that both houses of Congress, across the political divide, clearly disapprove of this rule,” stated crypto advocacy group the Blockchain Association.

However, before the resolution passed in the U.S. House of Representatives, President Joe Biden said he intended to veto the bill to “protect investors in crypto-asset markets and to safeguard the broader financial system.”

Digital Chamber