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Bitcoin News / Bitcoin.com - 2 years ago

US Lawmaker Contradicts SEC Chair — Says Crypto Industry Not ‘Rife With Noncompliance’

A U.S. congressman has defended the crypto industry against Securities and Exchange Commission (SEC) Chairman Gary Gensler, who stated that it is rife with noncompliance. The lawmaker’s statement followed a pair of legal cases in which the jud...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

MakerDAO co-founder proposes fork of Solana codebase for native chain

Rune Christensen stated that Solana’s codebase should be the foundation of MakerDAO’s upcoming blockchain, as he highlighted that it’s optimized for building “highly efficient blockchains...

Bitcoin News / Bitcoin.com - 2 years ago

US Lawmaker: Americans Don’t Need CBDC That Can Track Purchases Like China’s Digital Yuan

Several lawmakers have expressed concerns about the privacy risks of the Federal Reserve issuing a central bank digital currency (CBDC). “Americans have a right to financial privacy,” one congressman said, emphasizing: “We do not need a C...

Cryptocoins News / CoinJournal - 2 years ago

Maker (MKR) price soars amid South Korea expansion push

Maker price rally continued on Friday as cryptocurrencies recoiled. The coin reacted to Maker’s push in South Korea. Maker (MKR) price rally continued as investors watched the expansion of the network in South Korea, one of the biggest pl...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

South Korean parliament rejects motion to expel lawmaker over crypto scandal

South Korean lawmaker and Wemix investor Kim Nam-kuk will stay in the parliament after a 3–3 vote in the expulsion motion. South Korea’s parliamentary ethics subcommit...

Bitcoin News / Bitcoin.com - 2 years ago

Lawmakers Object to Federal Reserve’s Stablecoin Guidelines — Say They Undermine Legislative Progress

Several U.S. lawmakers have objected to the Federal Reserve’s stablecoin regulatory guidelines, which they believe “will undoubtedly deter financial institutions from participating in the digital asset ecosystem.” According to the lawmake...

Cryptocoins News / CoinJournal - 2 years ago

Maker (MKR) price regains momentum as Spark Protocol inflows rise

Maker’s MKR price has staged a strong recovery in the past few days. Spark Protocol is seeing strong inflows because of its higher rates. Maker (MKR) crypto price jumped on Thursday as investors cheered the rising demand for the Dai stabl...

Bitcoin News / Bitcoin.com - 2 years ago

US Lawmaker Slams SEC’s ‘Reckless’ Rulemaking — Warns of ‘Lasting Economic Harm’

A U.S. lawmaker has slammed the Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, for “pursuing a reckless, rushed rulemaking agenda with inadequate economic analysis and limited public input.” He warned t...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Coin Center responds to US lawmakers’ request for crypto tax guidance

The crypto advocacy group’s suggestions included a de minimis exemption for crypto transactions and having the IRS provide guidance on block rewards, airdrops and hard forks....

Cryptocoins News / Blockchain  - 2 years ago

Prometheum's License Approval: Republican Lawmakers Challenge SEC and FINRA Decisions

Prometheum Ember Capital's designation as the first digital asset SPBD has raised concerns among Republican House Committee members. (Read More)

Bitcoin News / Bitcoin.com - 2 years ago

Lawmakers Probe SEC and FINRA Over ‘Shady Approval’ of Prometheum

U.S. lawmakers are probing the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) regarding the “shady approval” of Prometheum “as the first and only special purpose broker-dealer for digital...