The U.S. Senate is poised to vote on a critical measure aimed at rescinding the IRS’s controversial crypto broker rule, which many believe could stifle the growth of decentralized finance (DeFi). Proponents argue that the regulation poses significant hurdles for innovation.
Caitlin Long asserts that the landscape of U.S. crypto banking remains stagnant since Donald Trump’s return to the political arena. Despite evolving market dynamics, regulatory challenges continue to stifle innovation in the sector, leaving stakeholders in limbo.
The Consumer Financial Protection Bureau (CFPB) has abruptly dismissed several lawsuits, raising concerns about the agency’s future amid ongoing legal challenges. This move signals uncertainty within the CFPB as it navigates its role in consumer protection.
A recent push for stringent stablecoin regulations, labeled “anti-American” by industry leaders, has ignited fierce backlash within the crypto community. Advocates argue that the measures threaten innovation and economic competitiveness in the digital currency sector.
The SEC task force is actively engaging with various firms to discuss evolving cryptocurrency regulations. These meetings aim to foster compliance and promote transparency in an increasingly complex digital asset landscape as regulators seek to enhance investor protection.
In a historic achievement, the Securities and Exchange Commission (SEC) has announced a record $8.2 billion in enforcement actions for 2024. This milestone underscores the agency’s intensified crackdown on financial misconduct and its commitment to protecting investors.
Senator Elizabeth Warren has criticized Citibank for its persistent failures in compliance and customer service. During a recent hearing, she proposed breaking up the bank, arguing that its size prevents accountability and poses risks to the financial system.
The widely acclaimed author recently purchased cryptocurrency, only to be denied access to it. An insider reveals the worrying reason behind the block; a new malware that has recently targeted the world of cryptocurrency.
The International Monetary Fund has proposed a comprehensive framework for assessing and mitigating system-wide risks posed by cryptocurrencies. This groundbreaking proposal provides valuable insights on how to strengthen the stability of the crypto asset market.