Crypto Regulation
Price action, regulation and adoption news on Crypto Regulation. Tracking 13 stories on Arth Vani.
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Latest on Crypto Regulation
US Senate Probes Tether Payments to Political Firm
A leading Democratic investigator in the U.S. Senate is examining payments made by stablecoin issuer Tether to a firm linked with political figure Bo Hines. The specifics of this investigation, including the nature and amounts of these payments, are currently undisclosed.
US Fintech Rain Seeks Federal Charter for Regulated Stablecoin Services
US-based fintech firm Rain has applied to the Office of the Comptroller of the Currency (OCC) to establish a national trust bank. This proposed bank aims to bring stablecoin custody, reserve management, and issuance/redemption under direct federal supervision. The move signifies a growing global trend towards integrating digital assets into traditional regulated financial systems.
US CFTC Allows Commodity Firms to Invest in Tokenized Assets, Use Blockchain Records
The U.S. Commodity Futures Trading Commission (CFTC) has confirmed that American commodity firms can now invest in tokenized assets and use blockchain technology for maintaining their records. This move provides significant regulatory clarity for the integration of digital assets into traditional financial operations within the U.S. commodities market.
US Senator Lummis Claims Democrats Prioritized Trump Animosity Over Crypto Clarity Act
US Senator Cynthia Lummis has alleged that Democrats chose their 'visceral hatred' for former President Donald Trump over passing a critical 'Clarity Act' for the cryptocurrency sector. This statement highlights the political gridlock hindering crypto regulatory progress in the United States, a key global market.
JPMorgan: US Agency Crypto Rules Vulnerable to Legal Challenge, Overturn
JPMorgan Chase believes that existing crypto regulations enforced by US agencies could be legally challenged and potentially overturned in court. This perspective highlights the ongoing uncertainty in the American crypto regulatory landscape, potentially impacting global market sentiment.
US Crypto Clarity Act Faces Setbacks, Delays Regulatory Framework
The proposed Clarity Act, aimed at providing clear regulations for the US crypto industry, has encountered significant hurdles, delaying the establishment of a much-needed legal framework. This lack of clarity continues to impact the global crypto market, including investor sentiment in India.
US Senator Lummis: Democrats Seek More Clarity on Crypto Act
U.S. Senator Cynthia Lummis has stated that Democrats continue to press for additional measures regarding the proposed 'crypto Clarity Act'. This indicates ongoing legislative debate in the United States over comprehensive digital asset regulation.
US SEC to Continue Crypto Rulemaking Even if Clarity Act Passes
The US Securities and Exchange Commission (SEC) will continue to develop new rules for the cryptocurrency market, regardless of whether the proposed 'Clarity Act' becomes law. Former SEC Commissioner Paul Atkins emphasized the agency's commitment to establishing a regulatory framework for digital assets.
US Senate Returns to Decide Fate of Crypto's Clarity Act: What Investors Need to Know
The U.S. Senate is set to deliberate on the Financial Innovation and Technology for the 21st Century Act (FIT21), a landmark bill aimed at providing regulatory clarity for the crypto industry. As the legislative session resumes, the bill's passage remains uncertain, carrying significant implications for global digital asset markets including India.
JPMorgan Drops Crypto Prediction Platform Polymarket Over Regulatory Concerns
Financial giant JPMorgan Chase has reportedly severed its banking relationship with Polymarket, a crypto-based prediction market. The move stems from unnamed regulatory concerns, highlighting the increasing scrutiny traditional banks apply to digital asset firms.
WisdomTree Exec: SEC Allowed Money Market Fund to Trade Like a Stablecoin
Will Peck from global investment firm WisdomTree stated that the US Securities and Exchange Commission (SEC) has permitted a money market fund to function similarly to a stablecoin. This comment highlights a potential convergence between traditional finance and the evolving cryptocurrency space, signaling innovation in stable investment products.
BreakingCrypto Exchanges Must Now Collect User Tax Residency and ID Details in India
Indian crypto exchanges are now mandated to collect tax residency and identification details from all users, aligning with new regulations from the Central Board of Direct Taxes (CBDT). This move is part of India's commitment to the OECD's global Crypto Asset Reporting Framework (CARF) and will see transaction data shared annually with tax authorities starting next financial year.
Coinbase Secures UK License for Stocks & Derivatives, Expanding Beyond Crypto
Global crypto exchange Coinbase has received a license in the UK to offer traditional financial products like stocks and derivatives, in addition to its existing cryptocurrency services. This move signifies a major expansion for Coinbase into mainstream finance, potentially setting a precedent for other crypto firms.
Crypto assets / VDAs are unregulated in India and highly volatile — you may lose your entire capital, and gains are taxed. Some listings may be sponsored. Not investment advice.