Day: 9 June 2023

Representative Patrick McHenry, the chairman of the U.S. House Financial Services Committee, has released the third version of the stablecoin legislation titled "The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem."  This latest version of the bill, which incorporates specific suggestions from bipartisan committee members, was published ...

Paradigm, a crypto venture capital firm, has criticized the United States Securities and Exchange Commission (SEC) over its attempts to classify the term "exchange" to include decentralized exchanges (DEXes). The U.S. SEC proposed an amendment to the 1934 Securities Exchange Act that includes DEXes and decentralized financing (DeFi) platforms within the ...

In a move highlighting the growing focus on regulating AI technologies globally, United States legislators have introduced two bipartisan regulatory proposals addressing artificial intelligence (AI) transparency and innovation.  On June 8, 2023, Republican Mike Braun and Democrat Gary Peters unveiled the first bill, which seeks to enforce transparency in the ...

The European Union's Markets in Crypto-Assets (MiCA) Regulation, designed to establish a consistent regulatory framework for crypto assets across member states, has been published in the Official Journal of the European Union (OJEU) on June 9, 2023. The regulations were initially introduced in 2020 and ratified on May 31, 2023. ...