Legislation Financial News

17.10 / 21:09

Digital Currency regulation Digital Asset legislation South Korean regulator outlines steps to enhance digital asset legislation

South Korea’s Financial Supervisory Service (FSS) is preparing regulations to supplement the Virtual Asset Users Protection Act passed earlier this year, according to local reports. New regulations should be ready by January, well ahead of the law entering into force, the FSS head said.

24.11 / 00:39

Digital Mobile legislation Bitcoin electronic Russian Bailiffs Will Get More Powers to Seize CBDC & Crypto

Moscow will give Russian bailiffs more new powers to seize digital rubles and cryptoassets in bankruptcy cases.

16.11 / 22:21

regulation legislation Public needs to know blockchain use cases, AI needs regulation now — Andrew Yang

Andrew Yang, former candidate for United States president and New York City mayor and founder of the Forward Party, had sobering observations about the uses of blockchain, or its lack of use, in the United States and U.S. regulation of artificial intelligence (AI) when he spoke Nov. 16 at the North American Blockchain Summit (NABS) in Fort Worth, TX.

09.11 / 13:13

Blockchain Technology Law regulation Tether legislation U.S. lawmakers introduce CLARITY Act to limit federal ties with Chinese blockchain

U.S. Representatives Zach Nunn and Abigail Spanberger have jointly introduced the Creating Legal Accountability for Rogue Innovators and Technology (CLARITY) Act. The legislation aims to prohibit federal government officials from conducting business with Chinese blockchain companies.

09.11 / 04:19

regulation SEC Congress legislation Rep. Tom Emmer proposes to defund SEC’s crusade against crypto

Pro-crypto Congressman Tom Emmer is advancing an amendment aimed at depriving the United States securities regulator from using government funds to go after crypto enforcement.

06.11 / 22:23

regulation SEC legislation SEC Inspector General says prohibition on crypto ownership hinders agency hiring

The Office of the Inspector General (OIG) of the United States Securities and Exchange Commission (SEC) has released its annual examination of the most serious management and performance challenges facing the agency. Crypto was on its list, as no surprise to anyone in the crypto community.

02.11 / 20:37

XRP regulation TON legislation International Centre Financial XRP, TON win approval in Dubai International Financial Centre free trade zone

The Dubai Financial Services Authority (DFSA) recognized two more tokens on Nov. 2, adding XRP (XRP) and Toncoin (TON) to its list of recognized tokens. They join Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) as coins recognized in the Dubai International Financial Centre (DIFC).

31.10 / 22:03

regulation SEC PayPal coinbase Congress legislation GAO guidance GAO finds controversial SEC guidance is subject to congressional oversight

United States Senator Cynthia Lummis has scored another one for crypto with a Government Accountability Office (GAO) decision issued on Oct. 31. The GAO found that Securities and Exchange Commission (SEC) Staff Accounting Bulletin 121 should be subject to congressional review. That bulletin, issued in March 2022, has been a source of ire for many pro-crypto lawmakers.

12.10 / 22:03

regulation SEC Congress legislation committee NOT House committee chairman threatens SEC chair with subpoena, but not over crypto

James Comer, chair of the United States House of Representatives Oversight and Accountability Committee, has threatened Securities and Exchange Commission (SEC) chair Gary Gensler with a subpoena. He wrote in the letter dated Oct. 12, that the committee will have “no choice” but to use compulsory measures to obtain documents if the SEC does not start cooperating with it.

25.09 / 21:57

Government regulation legislation Crypto bills could be delayed as many prepare for US gov't shutdown

The United States government could be shut down in the next 7 days with House Speaker Kevin McCarthy facing political pressure from members of his own party on how to handle spending plans — a decision that could adversely affect how lawmakers move forward with crypto bills awaiting a vote.

20.09 / 20:23

CBDC regulation legislation US Democrats speak up for CBDC global leadership, Republicans fear ‘dark side’

Debate in the United States House Financial Services Committee during the markup of the CBDC Anti-Surveillance State Act on Sept. 20 occasionally wandered beyond strictly financial and technical issues. Star Wars and anarchists were mentioned in the discussion at various points, as were crypto bros.

19.09 / 10:15

solana Congress Crypto regulations legislation NOT Solana Co-Founder Urges the US to Not Wait for “Perfect” Crypto Regulations

Anatoly Yakovenko, co-founder of Solana and the CEO of Solana Labs, stressed the importance of the US government’s crypto bipartisan bill passed in July. However, he noted that the government shouldn’t wait for “perfect” legislation to move forward in regulations.

11.09 / 21:15

regulation Court legislation Blockchain could authenticate AI as crypto racks up court victories: Rep. Emmer

Blockchain could be used to authenticate the real from what is generated by artificial intelligence (AI), Congressman Tom Emmer suggested Sept. 11 at the Permissionless II conference. That would combine nicely with other progress being seen in United States cryptocurrency policy, he said.

08.09 / 19:41

Stablecoin CBDC regulation Federal Reserve legislation vice chair Fed vice chair Barr gives update on CBDC research, plugs stablecoin legislation

The United States Federal Reserve Bank vice chairman spoke at the Philadelphia Fed’s fintech event on Sept. 8 about the central bank's role in financial innovation. Research and supervision was the short answer and a nod to the FedNow Service.

28.08 / 20:17

regulation Congress Financial Services legislation us house services Stablecoin Bill Financial US House Financial Services members scold Fed’s Powell for stablecoin bill obstruction

The Federal Reserve is seemingly running interference with congressional efforts to regulate stablecoins, according to a letter recently sent to Fed Chairman Jerome Powell. The letter came from Chairman of the U.S. House of Representatives Financial Services Committee Patrick McHenry and subcommittee chairs French Hill and Bill Huizenga.

10.08 / 05:23

Stablecoin PayPal Congress legislation regulatory approval regulatory Congresswoman Maxine Waters Criticizes PayPal's Entry into Dollar-Pegged Stablecoin Arena Without Federal Regulatory Approval

On Wednesday, Democratic Congresswoman Maxine Waters (D-CA) criticized PayPal's launch of its new dollar-backed stablecoin, PYUSD, as she believed the company should have waited for federal regulatory approval before proceeding.

27.07 / 18:08

regulation Congress Digital Asset legislation decentralized marketplace us house committee 'Pro crypto bill' passes out of US House Agriculture Committee

Tact was pervasive in the United States House of Representatives Agricultural Committee’s consideration of the Financial Innovation and Technology for the 21st Century Act on July 27. With many references to bipartisanship and self-congratulatory mentions of the members’ cooperation and hard work, the committee plowed through a series of amendments calmly and quickly.

24.07 / 19:39

CFTC regulation SEC Congress legislation Cooperation GAO US GAO says lack of interagency cooperation needs to be addressed in crypto regulation

The United States Government Accountability Office (GAO), a Congressional watchdog agency, has released a report it completed in June on the regulatory framework for the use of blockchain in finance.

24.07 / 08:49

Stablecoin Adoption regulation Financial Services legislation regulatory US FSC Chairman eyes regulatory clarity for crypto, stablecoin ecosystems

The Chairman of the House Financial Services Committee (FSC), Patrick McHenry, announced a markup of a few legislations, three aimed at providing regulatory clarity for the digital asset ecosystem — cryptocurrencies, blockchain development and stablecoin payments.

21.07 / 00:03

CFTC regulation SEC security Congress legislation us house US House Republican committees introduce joint digital assets bill

A bill to create a regulatory framework for digital assets has been introduced by Republican members of the Agriculture and Financial Services Committees of the United States House, the result of several months of joint effort by the two committees.

19.07 / 18:35

regulation Decentralization Congress ATM legislation FinCEN U.S. Crypto security Bipartisan bill to regulate DeFi, crypto security risks introduced into US Senate

United States Sen. Jack Reed sponsored a bipartisan bill introduced into the Senate on July 18 that would tighten Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations and sanctions requirements for decentralized finance (DeFi). According to a news release on Reed’s website, the bill is titled the Crypto-Asset National Security Enhancement and Enforcement (CANSEE) Act.

Legislation Financial News

popular questions about legislation

What is legislation and why is it relevant?

Where can I find the latest updates on legislation?

How can I verify the accuracy of information on legislation?