Legislation
EU Finalizes Legal Text for Crypto Regulations Under MiCA
The European Union has finalized the full text of its landmark Markets in Crypto Assets (MiCA) legislation. A leaked draft verified by CoinDesk urges EU enforcers to take a “substance over form” approach to the law. “The Hash” panel discusses the key provisions that could apply to some assets categorized as non-fungible tokens (NFTs).
Australian Senator Proposes Crypto Bill Targeting China's Digital Yuan
The proposal lays out disclosure requirements for banks that could make China's central bank digital currency available for use in Australia, and seeks to set up licensing frameworks for stablecoin issuers.
House’s Stablecoin Bill May Face Fatal Delays for 2022 Progress
Internal plans to release a draft by this week were put off as the factions remain too far apart in negotiations, sources say.
California Assembly Passes Crypto Regulation Bill That Requires Bank-Issued Stablecoins
The Digital Financial Assets Law, which is similar to New York’s BitLicense, has been criticized by industry stakeholders.
Paraguay’s President Vetoes Bill That Would Regulate Crypto Mining and Trading
The bill now heads back to Paraguay’s National Congress, where if it is ratified by both chambers with absolute majorities, it can still be enacted.
US Tribal Nation Economic Zone Publishes Draft Rules for DAOs
The Catawba Digital Economic Zone proposes allowing DAOs to be organized as unincorporated non-profits or limited liability companies.
US Stablecoin Bill Delayed by Congressional Committee Until After August
The head of an influential House panel said negotiations on the measure won't take place until after the summer recess.
Will Stablecoins Be Tethered to the Fed? Lawmakers Have Circled That Option
The U.S. central bank may get a leading role in policing stablecoins, according to legislation being negotiated in the House of Representatives. Crypto analysts weigh what that means.
US Stablecoin Bill Delayed, but Draft Language May Soon Emerge
As negotiations slow the release of a bipartisan bill until possibly September, lawmakers may put out some initial language soon to spur discussion.
