SEC Chair: Agency 'Actively Exploring' Blockchain Regulation
The chair of the Securities and Exchange Commission (SEC) last night spoke out publicly on the Federal regulatory agency's current and future plans for potential blockchain controls. Amid a recap of the SEC’s past and future dealings with the blockchain, Chairwoman Mary Jo White specifically called out companies or individuals that seek to use new technology like blockchain to facilitate the transfer of securities. White said in her published remarks: “One key regulatory issue is whether blockchain applications require registration under existing Commission regulatory regimes, such as....
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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined two paths the agency is taking to regulate the crypto industry. Meanwhile, a U.S. congressman is investigating whether Gensler helped FTX CEO Sam Bankman-Fried and his bankrupt crypto exchange on legal loopholes to obtain a regulatory monopoly. SEC Chair Gensler on FTX’s Undoing The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, talked about crypto regulation and the undoing of cryptocurrency exchange FTX in an interview with CNBC Thursday. Without confirming....
Federal Reserve Vice Chair Lael Brainard has stressed the importance of establishing sound regulation for the crypto financial system “now before the crypto ecosystem becomes so large or interconnected that it might pose risks to the stability of the broader financial system.” Fed Vice Chair Brainard on Crypto Regulation Lael Brainard, the vice chair of the Board of the Federal Reserve Governors, talked about crypto regulation and decentralized finance (defi) Friday at a Bank of England conference in London. She began by referencing recent volatility in the crypto market,....
Twenty-two US senators have sent a letter to senior government officials and the Federal Reserve requesting information about the regulation and oversight of virtual currencies and blockchain tech. In the letter dated 21st July, the US Senate Committee on Banking, Housing and Urban Affairs wrote that it is seeking to "better understand the way US regulators oversee FinTech and their relationships with federally regulated financial institutions". The letter was addressed to Federal Reserve chair Janet Yellen, Federal Deposit Insurance Corporation chair Martin Gruenberg, Consumer....
The chairman of the Federal Reserve, Jerome Powell, says crypto requires new regulation, citing that it presents risks to the U.S. financial system and could destabilize existing financial institutions.
Fed Chair Powell Sees the Need for New Crypto Regulation
Federal Reserve Chairman Jerome Powell talked about the need to establish new regulation for cryptocurrency Wednesday during a panel discussion on digital currencies organized by the Bank for International Settlements (BIS).
Noting that new forms of digital money, including cryptocurrencies and stablecoins,....
The U.S. Securities and Exchange Commission (SEC) Chair, Gary Gensler, said Congress needs new regulatory frameworks for crypto exchanges. At present, no single agency is directly responsible for them, leading to an incoherent regulatory approach. A possible solution lies in the formation of a new agency to oversee crypto exchanges directly. Alternatively, an existing agency […]