Legislation
Stablecoin Firms Face Tough Reserve, Capital Demands in US Bill, Source Says
Digital tokens such as tether and Circle’s USDC that are vital to functional crypto markets would have to meet stringent new requirements in legislation that’s close to the finish line.
UK Regulators to Introduce Rules for Stablecoins in New Markets Bill
The much-anticipated financial services and markets bill to be presented to Parliament includes rules for the use of stablecoins as a means of payment.
Stablecoin Bill Won’t Force All Issuers to Be Banks, Congressman Says
The key legislation that could open a path for stablecoin rules isn’t expected to stick to regulators’ recommendation to insist only banks put out tokens.
Indian Finance Minister Echoes Central Bank's Crypto Ban Call but Says Global Collaboration Is Required
Finance Minister Nirmala Sitharaman made her comment in answer to a series of written questions from a member of parliament about cryptocurrency legislation.
Brazilian Congress Postpones Crypto Bill Vote Until After October Presidential Elections
Deputies were originally scheduled to consider the text this week, which has already been approved by the Senate.
Biden Official Says US Government Could Pass Stablecoin Rules by End of Year
The President’s Working Group on Financial Markets discussed issues that should be addressed by stablecoin legislation in a meeting Thursday.
Ms. Crypto Goes to Washington
The Lummis-Gillibrand bill represents a mainstreaming of crypto, even if it's unlikely to pass.
CFTC Commissioner: I Like Being an Underdog Versus the SEC
Kristin Johnson also suggested her agency might be able to be more responsive than the SEC because it's smaller.
Sen. Lummis: Filing Crypto Bill 'Just the First Step'
Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) join "First Mover" live from Consensus 2022 to discuss their wide-reaching, bipartisan crypto bill. The lawmakers explain how this legislation is just the "first step" in finding the sweet spot between innovation and regulation.
