Indian Official Expresses Doubts About Crypto: ‘I Am Very Skeptical’

November 23, 2024 Bitcoin.com

bitcoin.com

India’s financial services secretary expressed deep skepticism about cryptocurrency, calling it a doubtful scheme, despite the nation’s top crypto adoption ranking. Indian Official Speaks Out: ‘Very Skeptical of Cryptocurrency’ M. Nagaraju, Secretary of India’s Department of Financial Services (DFS), expressed strong doubts about cryptocurrencies during the SBI Banking & Economics Conclave on November 18, 2024. […]

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Trump taps pro-Bitcoin Scott Bessent as Treasury secretary

November 23, 2024 The Crypto Briefing

Crypto Briefing

Bessent's nomination could accelerate US adoption of digital assets, potentially reshaping economic policy and global financial dynamics.

The post Trump taps pro-Bitcoin Scott Bessent as Treasury secretary appeared first on Crypto Briefing.

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BTC and XRP Redefine Boundaries in US Crypto Regulation

November 23, 2024 Bitcoin.com

Bitcoin

BTC and XRP challenge securities classifications as a legal expert argues underlying assets are distinct from investment contracts, intensifying calls for regulatory clarity in crypto markets. BTC and XRP Lead Legal Shift in Crypto Investment Contract Standards A well-known advocate in the cryptocurrency community, John E. Deaton, has strongly criticized the conflation of crypto assets […]

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Potential SEC chair pledges crypto-forward approach after Gensler resignation

November 22, 2024 Coin Telegraph

Coin Telegraph

Donald Trump has not yet named his pick for SEC chair to send to the Senate, but Commissioner Mark Uyeda offered a preview of the regulator’s approach to crypto in 2025.

Mark Uyeda, a Republican commissioner at the United States Securities and Exchange Commission, has suggested that he would prioritize regulatory clarity for cryptocurrencies if picked and confirmed as the next head of the agency.

Speaking to Fox Business on Nov. 22, Uyeda echoed many of President-elect Donald Trump’s talking points on digital assets, saying that the SEC under Chair Gary Gensler had waged a “war on crypto.” Gensler announced on Nov. 21 that he intended to step down as SEC chair on Jan. 20 — the same day as Trump’s scheduled inauguration.

“First off, from a regulatory perspective, we can provide the appropriate clarity,” said Uyeda. “Some crypto is not even a security at all, but we need to make clear whether you fall within SEC jurisdiction or not.”

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United Kingdom to Introduce Regulation for Crypto in 2025

November 22, 2024 Bitcoin.com

bitcoin.com

Stablecoins and staking services will be covered by the regulations which will provide clarity for the crypto sector in the United Kingdom. UK Looking to Attract Crypto Companies The United Kingdom (U.K.) plans to share a legislative framework to regulate the cryptocurrency industry early next year, as the U.K. attempts to keep up with crypto […]

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Blockchain Association outlines crypto priorities for Trump’s first 100 days

November 22, 2024 Coin Telegraph

Blockchain

The Association ultimately seeks a swift end to the “regulation by enforcement” era of cryptocurrency oversight in the US.

Washington, DC-based advocacy group Blockchain Association submitted a letter to Donald Trump on Nov. 22 beseeching the President-elect to prioritize radical cryptocurrency and blockchain regulatory reform during his first 100 days in office.

The brief letter was shared on the Association’s website. It lays out a five-point reformation plan for the incoming Trump administration’s first 100 days.

Blockchain Association’s stated goal is for the republican party to restructure federal oversight in the cryptocurrency and blockchain sectors in order to spur growth in the sector.

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Trump’s SEC chair frontrunner Mark Uyeda advocates for regulatory sandboxes in crypto

November 22, 2024 The Crypto Briefing

Crypto Briefing

Mark Uyeda, a Trump SEC chair frontrunner, champions crypto regulatory sandboxes to foster innovation and clarity in the industry.

The post Trump’s SEC chair frontrunner Mark Uyeda advocates for regulatory sandboxes in crypto appeared first on Crypto Briefing.

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Polymarket access restricted in France amid gambling compliance review

November 22, 2024 The Crypto Briefing

Crypto Briefing

The restriction highlights the growing tension between innovative financial platforms and traditional regulatory frameworks, impacting market dynamics.

The post Polymarket access restricted in France amid gambling compliance review appeared first on Crypto Briefing.

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Solana ETF Momentum Grows Amid Reports of SEC Engagement

November 22, 2024 Bitcoin.com

bitcoin.com

The SEC’s reported progress on Solana ETF filings and potential leadership changes have sparked optimism, signaling a possible shift in cryptocurrency investment regulations. Solana ETF Filings Spark New Hope Discussions about a solana (SOL) spot exchange-traded fund (ETF) between the U.S. Securities and Exchange Commission (SEC) staff and prospective issuers are reportedly moving forward, according […]

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Bitwise files Form S-1 for spot Solana ETF with SEC

November 22, 2024 The Crypto Briefing

Crypto Briefing

Bitwise's move could accelerate mainstream acceptance of Solana, influencing regulatory perspectives and boosting institutional crypto interest.

The post Bitwise files Form S-1 for spot Solana ETF with SEC appeared first on Crypto Briefing.

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