Stablecoins Face Tighter Rules As Delaware Unveils New Bill
A federal push to shift crypto oversight away from the Securities and Exchange Commission may be reshaping how states like Delaware think about stablecoins and digital asset regulation in general. Related Reading: Strait Of Hormuz Crisis Deepens After Trump Deadline – Crypto Markets Brace For Volatility Last Friday, the SEC sent two proposed rules to […]
Related News
US federal regulators are set to review state regulations of stablecoins to “even out” rules across jurisdictions under the new federal regulatory framework for the sector, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. Related Reading: South Korea Set To Unveil New Stablecoins Framework In October State-Level Stablecoin Rules To Face Federal […]
Bitcoin proponent Mark Cuban is certainly not happy with the tighter rules for crypto businesses introduced in the new infrastructure bill. Leaders in the crypto industry continue to speak up as the bipartisan $1 trillion infrastructure bill, known for implementing tighter rules on crypto businesses and expanding reporting requirements for brokers, passed the United States Senate. Billionaire investor and Bitcoin (BTC) proponent Mark Cuban is one of them.Speaking to The Washington Post over the weekend, before the bill officially passed the senate, Cuban drew a parallel between the growth....
Stablecoins backed by fiat currencies will be considered as a form of payment as regulators in the United Kingdom introduce new rules governing its use to the country’s parliament on Wednesday. The long-awaited Financial Services and Markets Bill will be supported by UK Finance Minister Nadhim Zahawi on Wednesday. One of the aims of the […]
The US state of Delaware has enacted a new law that regulates digital legacy issues and allows families to access their loved ones' digital assets after death or incapacitation. Notably for the bitcoin community, the legislation should help protect the interests of Delaware residents with cryptocurrency holdings. Late last week, the Delaware House of Representatives passed House Bill 345, the 'Fiduciary Access to Digital Assets and Digital Accounts Act', which gives heirs and executors the authority to take control of digital accounts and devices, much like physical assets. The law states:....
The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Treasury Department, has unveiled its proposed rules on transactions involving cryptocurrency wallets. Experts in the crypto community have weighed in on what the new proposed regulation means, what crypto owners should do, and which wallets are affected. FinCEN’s New Rules for Crypto Wallets The U.S. Department of the Treasury announced Friday that the Financial Crimes Enforcement Network (FinCEN) has proposed new rules “aimed at closing anti-money laundering regulatory gaps for certain convertible virtual....