Can Congress get anything done when it comes to crypto?
Mulvaney's official portrait.the Responsible Financial Innovation Act in 2022, which aims to create a regulatory framework for digital assets. Mulvaney explained:
Astra Protocol states that its “patented technology” calls upon experts from major global firms to verify a user’s credentials and perform KYC checks of prospective DeFi users. This enables DeFi protocols to adhere to data privacy regulations without accessing investors’ personally identifiable information. The idea is something like“Astra Protocol has no idea what transpired between a DeFi protocol and a regulatory delegate,” the project.
Which government department or commission should take point on crypto? Mulvaney leans toward the CFTC, which would regulate crypto more like a commodity, not a security. Many in the crypto community would probably favor CFTC primacy too. He added: The biggest resistance will likely be from “countries that are worried about their own currency being replaced.” He doesn’t include the U.S. in this group, but European Union countries might be candidates. “The Europeans may worry that eventually the euro may be replaced by a digital currency because the euro is sort of held together with needle and thread.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Crypto FUD’ — Industry outraged as White House report slams cryptoFor the first time in 73 years, digital assets were discussed in the White House’s annual economic report. TLDR: It wasn’t a rosy take.
Read more »
5-Year Ownership Cost: 2023 Tesla Model 3 Vs 2023 Honda Accord Hybrid5-Year Ownership Cost: Tesla Model 3 vs Honda Accord Hybrid via insideevs.com
Read more »
White House crypto policy report blasts digital assetsA new White House crypto policy report blasts digital assets as risky for both consumers and the entire U.S. financial system.
Read more »
White House Takes Aim at Crypto in Scathing Economic ReportThe White House Council of Economic Advisers spared no words in arguing the digital assets sector poses a number of risks to consumers in a new report. nikhileshde reports
Read more »
White House Narrows in on Crypto in New Economic ReportThe White House took aim at cryptocurrencies in a new report arguing that many aspects of the digital asset ecosystem are creating issues for consumers, the financial system and the environment. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses what this could mean for the future of the crypto industry. Plus, the latest on Sushi DAO and its key contributor's SEC subpoena.
Read more »