CFTC chair says agency is ‘handcuffed’ as crypto regulations stall: Report
CFTC Chair Rostin Behnam hopes a new Congress and president can accelerate crypto regulations. Go to Source
Legislation
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JPMorgan: We Are Bullish on Digital Assets Into 2025
Global investment bank JPMorgan is bullish on cryptocurrency into 2025, driven by regulatory shifts and geopolitical tensions. Analysts suggest a Donald Trump re-election as the U.S. president could propel BTC higher, reinforcing the “debasement trade” as investors seek refuge in digital assets. With major liquidations behind and institutional support increasing, JPMorgan sees strong momentum for … Read more
Ireland drafting urgent crypto laws before EU money laundering rules
Ireland’s finance minister wants to act quickly before the EU enacts strict Anti-Money Laundering legislation. Go to Source
Russian Republic Dagestan Battles Underground Crypto Mining Amid Power Outages
Dagestan, a republic in Russia, is stepping up efforts to tackle illegal cryptocurrency mining due to its impact on the power grid and public safety. Underground mining operations have caused recent infrastructure damage, including a substation fire. Officials call for stricter measures to address these issues as miners bypass regulations. Dagestan Cracks Down on Illegal … Read more
Lawmaker Criticizes Biden-Harris Administration’s Approach to Defi Regulation
House Financial Services Subcommittee Chairman French Hill emphasized the need to understand decentralized finance technologies during a hearing. He criticized the Biden administration’s regulatory approach and urged Congress to keep discussions open on supporting defi innovation. Hill noted that current regulatory frameworks were created for a system reliant on centralized intermediaries, not the decentralized, peer-to-peer … Read more
What the California AI ‘killswitch’ bill means for decentralized AI
The AI industry is split over new legislation in California that would implement a sort of emergency stop in AI systems. Go to Source
Senate Majority Leader: Bipartisan Crypto Legislation Could Pass in 2024
Senate Majority Leader Chuck Schumer is optimistic about passing bipartisan crypto legislation by year’s end, stressing the importance of collaboration to keep the U.S. at the forefront of innovation. At the “Crypto4Harris” event supporting Vice President Kamala Harris’ campaign, Schumer emphasized the inevitability of cryptocurrency and the need for well-crafted legislation. Schumer Optimistic About Bipartisan … Read more
California AI bill aimed at preventing disasters draws ire from Silicon Valley
Crypto VC giant a16z claims the AI legislation will “burden startups because of its arbitrary and shifting thresholds.” Go to Source
Crypto could get boost from younger, tech-savvy Harris administration
A Harris administration could be younger and more pragmatic and bring “a fresh perspective toward crypto,” some believe. Go to Source
Putin Signs Law to Regulate Crypto Mining in Russia
Russian President Vladimir Putin has enacted legislation to formally regulate the cryptocurrency mining sector in Russia, with the law set to take effect in November. This legislation establishes a regulated framework for mining operations, limiting participation from entities associated with electricity and prohibiting the promotion of cryptocurrencies. It also allows the circulation of mined cryptocurrency … Read more
