Is there any new crypto news?
Asked 8 days ago
Answer
Recent crypto news includes the unveiling of a major legislative framework by Republican senators to regulate cryptocurrencies in the US, defining digital assets and proposing measures to address money laundering and sanctions evasion. There is also bipartisan momentum in Congress, with the Senate passing a stablecoin bill and ongoing efforts to advance related legislation. Additionally, industry experts highlight that new bills like the GENIUS Act and stablecoin regulations are seen as legitimizing the industry by providing clear rules and protections.
References
Rostin Behnam, former CFTC chair, discussed the importance of the GENIUS Act and stablecoin bills in bringing transparency and oversight to the digital asset market. He emphasized that regulation would provide legitimacy, clear rules, and protections for investors and market participants.
Republican senators, including Banking Chairman Tim Scott and Senator Cynthia Lummis, have introduced a legislative framework to establish regulations for cryptocurrencies and digital assets in the US. The framework defines digital assets, sets criteria for regulating them as securities or commodities, and proposes measures to reduce regulatory burdens while addressing money laundering and sanctions evasion.
The new legislative outline builds on recent momentum, including the Senate's passage of a stablecoin bill with bipartisan support. There is pressure for the House to move quickly on the bill, with calls for no delays or add-ons.