Regulation

Two influential organizations in the cryptocurrency space, the Blockchain Association and the Crypto Freedom Alliance of Texas, have recently filed a legal challenge against the US Securities and Exchange Commission (SEC). They argue that the SEC exceeded its authority by implementing a rule that redefines the criteria for identifying a “dealer” of securities. The groups
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In response to the rapid growth and increasing complexity of the digital assets industry, the Hong Kong Securities and Futures Professionals Association (HKSFPA) has called for the establishment of independent self-regulatory organizations (SRO) dedicated to overseeing this sector. The initiative aims to enhance the regulatory landscape in Hong Kong to support innovation and security within
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The upcoming MiCA regulation is set to bring significant changes to the crypto industry, requiring companies to ensure compliance for a smooth transition. As the European Union (EU) takes steps towards regulating the crypto-asset market, companies need to be prepared for the implications of MiCA on their operations. Key Requirements of MiCA MiCA aims to
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US Senators Cynthia Lummis and Kirsten Gillibrand have recently introduced a legislative bill that has stirred up controversy within the crypto industry. Former Blockchain Association member Jake Chervinsky harshly criticized the Lummis-Gillibrand Payment Stablecoin Act, labeling it as “deeply flawed.” He expressed concerns that the proposed legislation would effectively limit the issuance of algorithmic stablecoins
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The provincial government of Buenos Aires has lodged a formal accusation against Worldcoin, alleging that the company has violated consumer protection laws through the inclusion of “abusive clauses” in its user agreement. These allegedly unfair terms reportedly give Worldcoin the ability to halt services without any obligation to provide repair or reimbursement to its users.
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Recent discussions between House leaders and Senate Majority Leader Chuck Schumer have sparked speculation about potential action on stablecoin legislation in the upcoming sessions. The House Financial Services Chair Patrick McHenry and ranking member Maxine Waters have engaged in talks with Schumer, highlighting the need for regulatory clarity in the field of financial technology. Reports
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