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Regulations
The country’s market regulator’s proposed rules are meant to ensure stablecoins maintain their value and seek to reduce the likelihood of stablecoin and crypto custody companies failing.
The passage of a U.S. stablecoin bill could be one of the most important regulatory developments in the history of crypto, the report said.
The Senate’s stablecoin bill’s issues may delay work on the far more important market structure legislation.
The exchange can now offer crypto services to clients in the country.
Hill, who chaired the House Financial Services Committee’s digital assets subcommittee, has long been a crypto advocate on the Hill.
The nomination of crypto-friendly Paul Atkins as chair of the SEC provided the final boost that propelled bitcoin through the $100,000 level, the report said.
Pressure mounts on crypto exchanges operating in the country to comply with tighter rules to list stablecoins by the end of this year.
Vitalik Buterin donated 30 ETH, worth just over $1 million, to Coin Center on Tuesday night.
The donation came hours after a Coinbase-backed suit challenging U.S. sanctions against Tornado Cash won an appeals court victory.
Coin Center is pursuing its own lawsuit against the Treasury Department’s sanctions in a different appeals court.
Morocco has drafted regulations for the crypto sector, its central bank’s head said.
The country will also continue to explore whether or not central bank digital currencies can contribute to the country’s policy objectives.
The U.K. Financial Conduct Authority (FCA) said it wants to implement a crypto regime by 2026.
Ownership of crypto assets grew by 4% in the past two years, to include some 7 million adults out of the country’s roughly 68 million population.