Democratic presidential candidate Robert F. Kennedy Jr. has revealed his ambitious plan to back the US dollar with Bitcoin if elected. Speaking at a Heal-the-Divide PAC event on July 19, 2023, Kennedy expressed his belief that supporting the American...
Caroline Pham, a commissioner of the Commodities Futures Trading Commission (CFTC), has said that the recent legal victory of Ripple against the U.S. Securities and Exchange Commission (SEC) would pave the way for regulatory clarity in the U.S. cryptocurrency...
The Financial Stability Board (FSB) of the G20 has recommended a global regulatory framework for crypto-asset activities. This framework is a response to the G20's request for an effective regulatory, supervisory, and oversight framework for cryptoassets like Bitcoin. In...
A coalition of U.S.-based financial industry organizations has united to oppose a draft bill proposed by the U.S. House Committees on Financial Services and Agriculture concerning the structure of the cryptocurrency market. The coalition, which comprises 21 organizations, including...
The Chinese government is currently considering new laws that strongly emphasize licencing and content control for the development of generative AI technologies. According to a report from the Financial Times, the Chinese digital tech regulator, Cyberspace Administration of China...
Rodrigo Seira, special counsel for Paradigm, a crypto investment firm, has accused the U.S. Securities Exchange Commission (SEC) of overreaching its jurisdiction by attempting to regulate secondary crypto markets. Seira expressed his views in a series of tweets on...
Dubai's digital asset regulator, Virtual Assets Regulatory Authority (VARA), has taken a regulatory enforcement action against BitOasis, a prominent cryptocurrency exchange in the Middle East. On July 10, 2023, VARA issued a market alert stating that it has suspended...
Central banks worldwide are increasingly embracing the concept of central bank digital currencies (CBDCs), according to a survey report published by the Bank for International Settlements (BIS) on July 10, 2023. The report revealed that 93% of central banks...
The Canadian Securities Administrators (CSA), Canada's top financial regulator, has released a comprehensive set of guidelines to assist digital asset investment fund managers in the country to meet their legal obligations. The 15-page document, published on July 6, 2023,...
The Association for Financial Markets in Europe (AFME) has urged regulators to avoid excluding decentralized finance (DeFi) rules from the newly adopted Markets in Crypto-Assets (MiCA) regulatory framework. The AFME recently published a study titled "Decentralised Finance - Principles...
