Tag: Cryptocurrency Regulation
Risks of Stablecoins: FSOC Urges Legislative Action for Enhanced Oversight
The Financial Stability Oversight Council (FSOC) has sounded the alarm on the potential risks posed by stablecoins, urging immediate legislative action to bolster oversight and regulation. In its 2024 annual report, the FSOC highlighted...
Bitcoin Hashrate Reaches Record High with Publicly-Listed Miners’ Dominance
The bitcoin network has seen a significant increase in hashrate, surpassing 700 EH/s for the first time. This marks a 6% growth in the past week, indicating a strong uptrend in mining activity. Hashrate...
Circle’s USDC Becomes First Regulated Stablecoin in Canada
Circle's USDC Becomes First Regulated Stablecoin in CanadaIn a groundbreaking move, stablecoin issuer Circle has announced that its $40 billion USDC stablecoin has become the first regulated stablecoin in Canada. This development comes amidst...
Senate Democrats Prepare for Battle to Pass Stablecoin Regulation Bill
The U.S. Senate is gearing up for another shot at passing some stablecoin legislation, and this could be a big deal for the crypto world. It's May 19, 2025, 9:12 p.m., and tensions are...
Crypto Hearing in U.S. House Disrupted by Democrat Revolt
Democrats in the U.S. House of Representatives totally ditched a joint hearing on crypto policy on Tuesday. They were like, "Nah, we're gonna talk about Trump's 'crypto corruption' instead." Maxine Waters, the top Democrat...
Arizona Governor Warns Against Bitcoin Reserve Bill
So, like, Senate Bill 1025 was all about creating this digital assets reserve managed by the state, ya know? It was supposed to be a big deal, happening on May 3, 2025, at 4:01...
Weekly Cryptocurrency Regulatory Updates and Market Trends Recap
Summary:
Last week saw a downturn in both cryptocurrency and traditional markets, with Bitcoin dropping below $80K and ETH falling to $1,821. Despite market concerns, there were significant developments in the digital asset space. BlackRock's...
SEC Guidance: Memecoins Policy Change Implications
In a recent development, the SEC has issued new guidance regarding memecoins, a type of digital asset inspired by internet memes and trends. The implications of this guidance are far-reaching and could signal a...
Senate Hearing Highlights Importance of Stablecoins
Senate Hearing Highlights Importance of StablecoinsIn a recent Senate Banking Committee hearing, legislators gathered to delve into the critical issues surrounding stablecoins and market structure legislation. Led by Wyoming Republican Cynthia Lummis, a passionate...
Identifying Memecoins Not Under SEC’s Jurisdiction
In a recent interview with Bloomberg, SEC Commissioner Hester Peirce made a groundbreaking statement regarding the jurisdiction of the U.S. Securities and Exchange Commission (SEC) over memecoins in the crypto market. Peirce, who is...
