#crypto legislation

The cryptocurrency world is buzzing with regulatory changes, and if you’re an investor, you’re probably wondering what all this means for your portfolio. Don’t worry – we’re here to break down the latest crypto regulation news in simple terms and help you understand how these changes might affect your investments. Think of crypto regulation like traffic rules for a busy intersection. Without…

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Crypto Legislation as Senate Committees Split on Strategy WASHINGTON, D.C. — Momentum around federal crypto legislation has accelerated in recent weeks, but Congress remains divided on how to regulate digital assets, who should oversee the market, and whether new ethics rules should accompany any reform. The result is a rare moment of progress paired with deep structural disagreement, leaving…

U.S. lawmakers may be on the verge of sending a crypto bill to the president’s desk. The House is scheduled to vote on market structure and stablecoin legislation next week, potentially bringing the U.S. closer to establishing new rules for the cryptocurrency industry. *You’re reading State of Crypto, a CoinDesk newsletter examining the intersection of cryptocurrency and government. Click here to…

U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised to end the White House’s war on bitcoin if he is elected President of the United States. “I’m going to make sure that bitcoin is protected, that people can keep their own wallets, that the current White House war on bitcoin will be over, that transactions will be protected and encouraged,” said the presidential hopeful. RFK…

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…

Australia has surpassed Asia in the total number of crypto ATMs installed, with 364 machines as of January 2023. The country has consistently added Bitcoin ATMs over the last eight months and is on a crypto ATM installation spree. Internal documents from Australia’s Department of the Treasury suggest that crypto legislation is on the horizon. (Read More)

Task Force to Expedite Review of South Korean Virtual Asset Bills

South Korea’s top financial regulator has assigned a task force to “expedite the review process of bills on virtual assets,” said its chairman Kim Joo-hyun. The task force will consist of private-sector experts and relevant ministries, the chairman of South Korea’s Financial Services Commission (FSC) said at a National Assembly meeting. According to Kim, some 13 bills concerning the virtual asset…