Congress Targets Crypto Prediction Markets With 4 Bills Banning War And Assas...
Crypto prediction platform Polymarket and derivatives exchange Kalshi were closing in on $20 billion valuations when the US Congress decided it had seen enough. Related Reading: Crypto Power Move: Bitmine Ramps Up Ethereum Buys To 4.6M ETH A Bill Targeting Crypto And A Very Long Acronym Senator Chris Murphy of Connecticut and Rep. Greg Casar […]
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A Democratic U.S. Senator from California is introducing new legislation targeting crypto‑driven prediction markets An Act Against Death On March 10, Democrat U.S. Senator Adam Schiff (California) and Representative Mike Levin (CA-49) introduced the DEATH BETS Act, a bill aimed explicitly at banning prediction market contracts tied to terrorism, assassination, war or an individual’s death […]
Jason Brett, the former FDIC regulator, argues that U.S. lawmakers now focus on regulating cryptocurrency assets. As a result, they have drifted away from individual stable coins this year. The U.S.Congress seems to push for higher regulatory clarity as regards cryptocurrency assets. Congress has proposed a total of 18 bills relating to cryptocurrency and blockchain […]
Three different bills have been introduced in the U.S. this year to empower the Commodity Futures Trading Commission (CFTC) to be the primary regulator of the crypto spot markets.
Lawmakers Want CFTC to Be Primary Regulator of Crypto Spot Markets
Three bills have been introduced in Congress so far this year to make the Commodity Futures Trading Commission (CFTC) the primary regulator for crypto spot markets.
Noting that there has been a longtime debate as to whether the Securities and Exchange Commission (SEC) or the CFTC should be the primary regulator of the crypto....
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reiterated that most crypto tokens are securities, emphasizing that “the law is clear on this.” However, the Commodity Futures Trading Commission (CFTC) has asked Congress for authority over crypto spot markets and several bills have been introduced in Congress this year to provide the CFTC with the necessary authority. SEC Chairman Gary Gensler on Crypto Regulation The issue of which federal agency should regulate the crypto market has gained much attention recently. While the chairman of....
Former FDIC regulator, Jason Brett, argues that U.S. lawmakers have pivoted away from private stablecoins to focus on regulating decentralized digital assets this year. The United States Congress appears to be pushing for greater regulatory clarity regarding crypto assets, having proposed18 bills concerning blockchain and cryptocurrency during 2021 so far.According to analysis published by former Federal Deposit Insurance Corporation regulator, Jason Brett, on August 22, the current 117th Congress has broken from its predecessor in focusing on regulating decentralized assets rather than....