U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has explained why the securities regulator is taking a litigation-heavy strategy to regulate the crypto industry. The SEC chair insisted that enforcement actions against crypto firms are not brought with a political agenda, emphasizing that he is protecting the American public. “This is a field where the American public is at…

The U.S. House Committee on Financial Services has passed the Keep Your Coins Act of 2023 to protect the self-custody of crypto. “Those attacking self-custody oppose individual freedom. They want someone they control to control your assets,” said Congressman Warren Davidson who introduced the bill. Keep Your Coins Act of 2023 Advances The U.S. House Committee on Financial Services passed the Keep…

📣 #Paraguay 🇵🇾 Moves a Step Closer to Regulating #DigitalCurrency

👉 Last #Friday, the Senate of Paraguay approved a #cryptocurrency bill introduced in July. The provisions define several key terms, including #virtualassets, and require licenses to mine cryptocurrencies.

👉 According to the #senator, the law also aims to foster the growth of #cryptomining activities by using the surplus electricity generated in the country.

👉 The body of the legislation includes a definition for virtual assets, #tokens, cryptocurrency mining, and #VASPs (virtual asset service providers). 

👉 Paraguay 🇵🇾 reportedly produces more energy than it consumes. As a result, several firms are interested in establishing cryptocurrency mining operations to exploit this potential surplus.

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