The CFTC would be in charge of bitcoin, ether, and most other digital assets under a bipartisan crypto bill.
In the regulation of digital assets, the SEC would play a supporting role. Share on…
Crypto
Under a bipartisan crypto bill, the CFTC would be in charge of bitcoin, ether, and most other digital assets
SEC would retain a secondary role in digital asset regulation
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The longest weekly losing streak in Bitcoin history is finally broken, but the mood among analysts is anything but unanimously bullish.
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Crypto firm Tether to further reduce holdings of commercial debt in stablecoin reserves
Tether plans to reduce its holdings of commercial debt in its reserves, Chief Technology Officer Paolo Ardoino told CNBC.
Tether holds short-term corporate debt but does not disclose from which companies, which has raised transparency concerns.
But Ardoino said Tether, the issuer of the USDT stablecoin, will cut its holdings of commercial paper further than the current 30% of total reserves.
Ukraine legalizes crypto sector as digital currency donations continue to pour in
Ukraine has passed a law that creates a legal framework for the cryptocurrency industry in the country.
The law allows foreign and Ukrainian cryptocurrencies exchanges to operate legally, according to the country’s Ministry of Digital Transformation.
Ukraine’s President Volodymyr Zelenskyy has signed the law as Russia’s war on Ukraine continues underscoring the important role that cryptocurrencies have taken on during the conflict.
EU Crypto Industry Calls to Arms as Bitcoin & Ethereum Ban in Cards Again
France-based hardware wallet manufacturer Ledger sounded an alarm about a possible EU-wide ban on cryptoassets that are using the proof-of-work (PoW) consensus mechanism, calling people to contact members of the European Parliament (MEPs) and oppose the move.
What Can We Learn from Canadian Crypto Freeze as War in Europe Rages On?
The Canadian Mareva injunction makes similar actions likelier in the future.
Other countries might use other powers or laws that are already available to them.
Self-custody and peer-to-peer trading services might be a way to protect your assets better.
Bitcoin drops below $40,000, almost wiping out gains from Biden’s crypto executive order
Bitcoin and other cryptocurrencies fell on Thursday as some of the initial excitement around U.S. President Joe Biden’s executive order on digital assets faded.
Some high-profile cryptocurrency industry players praised the president’s executive order, while others called the move “defensive.”
Ether is the digital coin that powers the ethereum network. Developers can build apps upon ethereum’s network.
Ether, the world’s second-largest digital currency, hit a record high on Thursday.
The price of ether hit $1,918.52 during morning trade in Asia but has since pared some gains, according to CoinDesk data.
The rally in bitcoin, which surpassed $52,000 for the first time on Wednesday, is helping to push up ether as well.
