Tag Archives: regulation

Coinbase (COIN) will serve as the custodian for many of the spot bitcoin ETFs that were approved by the US Securities and Exchange commission last week. Coinbase Chief Policy Officer Faryar Shirzad speaks with Yahoo Finance’s Julie Hyman and Brian Sozzi about the approval from the World Economic Forum annual meeting in Davos, Switzerland. Shirzad argues the approval will bring new investors into the crypto community and it “put the SEC on record as blessing an important crypto product.” He… Source link

[unable to retrieve full-text content]Why is Google stonewalling regulation in Brazil?  The Guardian Source link

This summer has seen a steady parade of tech CEOs quietly heading to Capitol Hill. Apple (AAPL) CEO Tim Cook stopped by recently, as did Google (GOOG, GOOGL) CEO Sundar Pichai and Amazon (AMZN) CEO Andy Jassy. Microsoft (MSFT) President Brad Smith joined in with a reported sit-down with Senate Majority Leader Chuck Schumer (D-NY) in Washington state. Their reason for calling on U.S. lawmakers? The tech CEOs are fighting a bill called the American Innovation and Choice Online Act, which would… Source link

TerraUSD (UST-USD), which was the third-largest stablecoin in the cryptocurrency market just a couple weeks ago, has since unpegged from the U.S. dollar and collapsed along with its reserve asset Luna (LUNA1-USD). According to Circle CEO Jeremy Allaire, such a crypto collapse could spur legislators to take quicker action towards regulating the digital asset space. “When you have a major blowup, it’s certainly going to accelerate the need for Congress to act and establish some perimeters… Source link

The House voted to decriminalize marijuana and remove it from the list of banned controlled substances at the federal level on Friday. Now, the Marijuana Opportunity Reinvestment and Expungement Act, known as the MORE Act, will move to the Senate, where it is unlikely to attain the 60 votes needed to pass. While the passage of the MORE Act would certainly expand cannabis markets in the U.S., Weedmaps CEO Chris Beals thinks that a bigger obstacle lies in the 37 states where the substance is… Source link

Securities and Exchange Commissioner Hester Peirce expects an SEC proposal to expand the definition of an exchange as a backdoor way to regulate cryptocurrency exchanges, but does not anticipate the commission will formally introduce direct crypto regulation this year. “The expansive definition that’s being proposed for exchanges will cover a lot of potential platforms that haven’t thought necessarily that they would be covered and that’s in the traditional security space, as well as in the… Source link

The Biden administration is preparing to release a government-wide strategy to regulate cryptocurrencies as early as February, with the market in the over the Federal Reserve’s fight against inflation. According to an administration official, the forthcoming National Security Council (NSC) memorandum will task federal agencies to assess the risks and opportunities that crypto poses, and delve into the details of a central bank digital currency. The move will also review the impact of… Source link

Securities and Exchange Commission (SEC) Chairman Gary Gensler said on Wednesday hopes this will be the year the . As lawmakers and the crypto industry’s major players , Washington’s regulatory agencies have been at the forefront of those discussions. A number of proposals are floating around Congress and the Executive branch, yet it’s unclear whether 2022 will see any of them get implemented. “You shouldn’t put timelines on yourself, but I will say I sure hope so,” Gensler told… Source link

Senator Sherrod Brown, Chairman of the Senate Banking Committee isn’t convinced stablecoins will offer what they intend, voicing concerns that lax oversight could result in a repeat of a financial crisis. But in an interview with Yahoo Finance, the Ohio Democrat described himself as open-minded on how to , and doesn’t want to kill innovation. “My job is not to resist or say no to cryptocurrency generally, but to make sure that they follow rules, that they are regulated, and transparency… Source link

Consumers don’t always use “buy now, pay later” wisely. Image: Getty The writer is former Chair of the FDIC and former Assistant Secretary of the U.S. Treasury for Financial Institutions. Should government regulators crack down on financial products whose profitability depends on our proclivity to act impulsively? What if the target market consists of younger, less financially sophisticated borrowers, more prone to acting now and thinking later? That is the question presented by the latest and… Source link