House Dems Get Bonus Hearing on Crypto Market Structure, Assail Trump Conflicts
Maxine Waters, the top Democrat on the House Financial Services Committee, pressured an additional hearing on the crypto market structure bill.
Regulation
Trump’s Crypto Ties at Forefront as U.S. Lawmakers Weigh Crypto Market Structure Bill
Two House of Representatives hearings dug into the details of the current legislation to regulate U.S. crypto markets, but Trump loomed over the discussions.
Senate’s New Stablecoin Draft Doesn’t Target Trump’s Crypto, Tweaks Big-Tech Approach
A legislative draft obtained by CoinDesk shows a marginally revised version despite Democrats citing “major victories” in the Senate negotiation.
CFTC’s Pham Said to Plot Exit, Agency May Be Left Without a Party Majority
As Summer Mersinger exits to run the Blockchain Association and Caroline Pham talks of leaving when the new chairman arrives, the commission may fall to two.
New York Finance Watchdog Harris Says State’s BitLicense Is Still a Global Standard
Adrienne Harris, superintendent of the New York Department of Financial Services, said her state’s crypto licensing regime is tough, but effective.
Senate Republicans Making Plea to Get on With Stablecoin Debate
Once-allied Democrats continue to drag their heels on the first big crypto bill, leaving a key vote in doubt as GOP Majority Leader Thune calls for action.
UK’s Delayed Regulation Hurts Plan to Be Global Crypto Hub, Executives Say: CNBC
The country is falling behind other nations in developing a welcoming environment for crypto companies.
Crypto Coalition Tells SEC Staking Is ‘Essential Good,’ Not a Security
Industry entities led by the Crypto Council for Innovation argued in a letter to the U.S. Securities and Exchange Commission that it shouldn’t regulate staking.
Fed Joins OCC, FDIC in Withdrawing Crypto Warnings for U.S. Banks
Like the other U.S. bank agencies, the Fed has swept the decks of previous directives to bankers that they get sign-offs from the regulator for crypto activity.
U.S. SEC’s Crypto Trading Roundtable Delves Into Easing Path for Platforms
Interim SEC Chairman Mark Uyeda hints at interest in a short-term solution for overseeing crypto firms while the agency contemplates permanent rules.