Regulatory

Regulatory (72)

House Calls on Regulators and Stakeholders to Provide More Data

Rep. Raja Krishnamoorthi of Illinois has called on U.S. regulators to provide information about what they are doing to fight cryptocurrency-related consumer abuse and fraud. So reports ABC News.

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Competing Crypto Bill Would Grant Wide Powers to CFTC If Passed

As Congressional representatives mull giving more power to the Securities and Exchange Commission to regulate the crypto industry, a contrasting bill was introduced to instead give the Commodities Futures Trading Commission more authority. So reports PBS

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Stablecoin Regs Hit Pushback As Congress Breaks

Congress has reached a stalemate regarding a planned overhaul of stablecoin regulations and will continue to grapple with the matter as it heads into its mid-summer recess.

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U.K. Central Bank Points to Crypto Crash As It Calls for New Regs: Report

The Bank of England is calling for tougher cryptocurrency regulations in the wake of heavy losses—more than $2 trillion in the space—in its newest financial stability report. So reports the Associated Press.

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FTX Boss: Regulate Crypto So We Emerge from 'Winter' Stronger Than Ever

FTX U.S. President Brett Harrison said he is pushing for greater governmental regulation of the crypto industry as prices for major tokens continue to flounder. So reports Newsweek.

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Bi-partisan Crypto Bill Lays Out Expansive Roadmap As Pols Grapple with Volatile Market

The hotly-anticipated cryptocurrency bill from U.S. Sens. Kirsten Gillibrand and Cynthia Lummis was finally introduced last week, and on its face it appears exactly as advertised: a massive, sweeping conglomeration that covers everything from banking to security and a slew of other regulations.

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Russia Moving Towards Broad Crypto-payments Legalization: Manturov

Russia’s Industry and Trade Minister Denis Manturov said the nation is expecting to legalize crypto payments “sooner or later,” indicating resolution of the matter may be nearing. So reports Bitcoinist.

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Congress Weighs Impact of AI’s Growing Adoption in RegTech Space  

Top finance officials expressed great uncertainty about the widespread adoption of artificial intelligence (AI) in the financial services industry at a recent congressional committee meeting focused on “RegTech.”

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CFPB Digs Deep to Protect Fintech Consumers with 'Dormant Authority' Decision

A U.S. financial regulatory agency is reaching to the bottom of its proverbial handbag to combat problematic nonbank lenders–at least that is what it is saying in light of a recent change in its oversight agenda.

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Chair of Senate Banking Committee Calls Out Fintech Banks for Lack of Regulation, Fraud Concerns

Sen. Sherrod Brown, chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, said in a recent interview he is skeptical of neo-banks like Chime since they do not operate under the same rules as legacy banks. So reports Business Insider.

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