FTX releases crypto regulation proposals before US congressional hearing
The “FTX’s Key Principles for Market Regulation” blog consists of a 10-points proposal aiming to help U.S. regulators build a crypto-centric regulatory framework. Bahamian-based cryptocurrency exchange FTX released a list of principles and proposals to help policymakers build the regulatory framework. The policy recommends the market-structure choices made by several leading crypto exchanges and suggests its implementation across all jurisdictions. FTX shared the “FTX’s Key Principles for Market Regulation” blog after Maxine Waters, the chair of the House Committee on Financial Services,....
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The congressional hearing hilariously titled “America on ‘FIRE:’ Will the Crypto Frenzy Lead to Financial Independence and Early Retirement or Financial Ruin?” is the gift that keeps on giving. NewsBTC already analyzed some aspects of it, but Peter Van Valkenburgh’s testimony merits an article on its own. The Director of Research at Coin Center got […]
Hoskinson feels regulations for the crypto industry should be defined better, but that compliance should come from the industry itself, not from regulatory authorities. Cardano co-founder Charles Hoskinson has told Congress it should make regulations for crypto but leave compliance up to the software developers.Hoskinson likened the ideal arrangement for crypto regulation to the way banking self-regulation works during a June 23 congressional hearing, telling legislators “it’s not the SEC or the CFTC going out there doing KYC-AML, it’s banks.”“It’s a public-private partnership. What needs....
Jerome Powell said that the situation with Russia "underscores the need for really congressional action on digital finance, including cryptocurrencies." Federal Reserve Chair Pro Tempore Jerome Powell and some members of the U.S. House of Representatives called for congressional action on crypto in response to discussions about Russia potentially evading sanctions.In a Wednesday hearing of the House Financial Services Committee on “Monetary Policy and the State of the Economy,” California Representative Juan Vargas asked Powell if cryptocurrency could be a "way out" for Russia looking for....
In October, using new techniques and new cyber weapons, attackers disrupted several major websites all over the U.S. As a result, legislators have been hearing calls for regulating the Internet of Things (IoT). In fact, the Chair of the National Republican Congressional Committee has shown an openness to regulating IoT devices. IoT Devices Pose Risks to....
Welcome to the CoinDesk Weekly Review 22nd November 2013 - a regular look at the hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host ... John Law. Bitcoin's hearing aid. If you want to pick a date when bitcoin came to stay, you could do a lot worse than 18th November, 2013. Coming just ahead of the US Senate congressional hearing into bitcoin regulation, the head of the US Federal Reserve, Ben Bernanke, said in a letter that - with the usual reservations and cautions - it had legitimate uses. In....