CBDC may threaten stablecoins, not Bitcoin: ARK36 exec
A state-backed digital currency like the U.S. dollar doesn’t necessarily have to be a competitor to a decentralized cryptocurrency, one industry exec believes.
Ripple CEO criticizes SEC for ‘contradictions’ on crypto regulations
“The SEC [decided] to do regulation through enforcement, which is not efficient and really I think has stifled innovation in the United States,” said Brad Garlinghouse.
Uphold withdraws with Venezuela, citing US sanctions
The platform advised users to withdraw funds quickly, noting it would halt trading for Venezuela-based clients on July 31, with all accounts “fully restricted” beginning Sept. 30.
GitHub users respond with ‘Bitcoin bill’ idea to Gillibrand-Lummis bill
The senators seek comments from industry stakeholders, consumers and interested parties.
US lawmaker lays out case for a digital dollar
“It is now time for Congress to begin the process of considering and ultimately passing authorizing legislation for the issuance of a U.S. CBDC,” said Representative Jim Himes.
Stablecoins highlight ‘structural fragilities’ of crypto — Federal Reserve
“Stablecoins that are not backed by safe and sufficiently liquid assets and are not subject to appropriate regulatory standards create risks to investors,” said the Fed report.
US lawmakers urge EPA to consider the potential benefits of crypto mining
“Digital assets, and their related mining activities, are essential to the economic future of the United States,” said the group of 14 lawmakers.
Elusive Bitcoin ETF: Hester Peirce criticizes lack of legal clarity for crypto
SEC Commissioner and “Crypto Mom” Hester Peirce criticized the SEC on its regulatory guidance, but noted that change is possible if investors and regulators work together.
FINRA may hire employees terminated from crypto firms: Report
“Anybody who is getting laid off from a crypto platform and wants to work for FINRA, give me a call,” said president and CEO Robert Cook.
The crypto industry must do more to promote encryption, says Meltem Demirors
Meltem Demirors sat down with Cointelegraph to express why the industry needs to focus on privacy and freedom when it comes to regulations.
