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  • framework-to-ban-members-of-congress-and-scotus-from-trading-stocks-includes-crypto-provision
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    Framework to ban members of Congress and SCOTUS from trading stocks includes crypto provision

    A bill based on the proposed framework banning crypto investments could help to “restore the public’s faith and trust in their public officials,” according to Zoe Lofgren. Members of the United States House of Representatives and Senate as well as Supreme Court justices currently trading cryptocurrencies may have to stop HODLing while in office should… More

  • huobi-global-suspends-derivatives-trading-in-new-zealand
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    Huobi Global suspends derivatives trading in New Zealand

    Huobi Global claims compliance with local regulations as its reason for excluding New Zealand from its list of countries in which it operates derivatives trading. Crypto exchange Huobi Global has announced the suspension of derivatives trading in New Zealand. The statement from Huobi said the new restrictions against derivatives offers are in light of compliance… More

  • russia-plans-to-roll-out-digital-ruble-across-all-banks-in-2024
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    Russia plans to roll out digital ruble across all banks in 2024

    Bank of Russia started CBDC testing in 2022 and expects to implement an official banking rollout in the year of presidential elections in 2024. The Bank of Russia continues working towards the upcoming adoption of the central bank digital currency (CBDC), planning an official digital ruble rollout in a few years.According to the Bank of… More

  • us-treasury-sanctions-usdc-and-eth-addresses-connected-to-tornado-cash
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    US Treasury sanctions USDC and ETH addresses connected to Tornado Cash

    The protocol was at the center of some recent hacks and exploits in decentralized finance, including the alleged theft of $455 million by the North Korea-affiliated Lazarus Group. The United States Treasury Department has added more than 40 cryptocurrency addresses allegedly connected to controversial mixer Tornado Cash to the Specially Designated Nationals list of the… More

  • us-ethics-advisory-on-federal-employee’s-crypto-has-basis-in-legislation
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    US ethics advisory on federal employee’s crypto has basis in legislation

    The Office of Government Ethics reminded federal agency ethics officers of current law and extended its interpretation of the law to mutual funds. When the United States Office of Government Ethics (OGE) released its Legal Advisory 22-04 on July 5, most attention was given to its conclusion that federal employees who own any amount of… More

  • coinbase-providing-customer-geolocation-data-to-ice:-report
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    Coinbase providing customer geolocation data to ICE: Report

    The U.S. government agency is reportedly using Coinbase Tracer to access customers’ historical geo-tracking data and transactions on over a dozen cryptocurrencies. A new report has indicated that crypto exchange Coinbase has provided Immigration and Customs Enforcement (ICE) agents with a “suite of features” intended for tracking the company’s customers. According to the report, ICE… More

  • european-banking-regulator-sees-‘major-concern’-in-retaining-staff-to-handle-crypto:-report
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    European banking regulator sees ‘major concern’ in retaining staff to handle crypto: Report

    José Manuel Campa reportedly suggested the European Banking Authority may be unprepared for regulating the changes that come with a “very dynamic” crypto space. The chair of the European Banking Authority, or EBA, a European Union agency that regulates banking activities, has reportedly expressed concern that a dearth of talent experienced in the crypto space… More

  • us-lawmaker-criticizes-sec-enforcement-director-for-not-going-after-‘big-fish’-crypto-exchanges
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    US lawmaker criticizes SEC enforcement director for not going after ‘big fish’ crypto exchanges

    Representative Brad Sherman said the SEC’s enforcement case against Poloniex was like going after “small fish” compared to major exchanges, which may include Kraken and Coinbase. Brad Sherman, the congressperson who previously called for banning cryptocurrencies in the United States, criticized the Securities and Exchange Commission’s (SEC) approach to enforcement among major crypto exchanges.In a… More

  • defi-for-financial-services:-alex-tapscott’s-‘digital-asset-revolution’
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    DeFi for financial services: Alex Tapscott’s ‘Digital Asset Revolution’

    Alex Tapscott’s new book breaks down key DeFi concepts for business leaders. Decentralized finance (DeFi) has massive potential to transform traditional financial services. Data from Emergen Research recently found that the global DeFi platform market size is expected to reach $507 billion by 2028. Moreover, the total value locked within DeFi currently exceeds $75 billion, demonstrating fast-paced growth compared to previous… More

  • us-crypto-regulation-bill-aims-to-bring-greater-clarity-to-daos
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    US crypto regulation bill aims to bring greater clarity to DAOs

    The Responsible Financial Innovation Act proposes a comprehensive set of regulations for the digital assets sector, and one potentially impactful section is DAOs. On June 7, United States Senators Cynthia Lummis and Kirsten Gillibrand launched the much anticipated Responsible Financial Innovation Act, proposing a comprehensive set of regulations that address some of the biggest questions… More

  • crypto-needs-regulation-to-mitigate-risks,-says-bank-of-england-exec
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    Crypto needs regulation to mitigate risks, says Bank of England exec

    Traditional markets have regulations to protect investors from unrecoverable losses, a Bank of England executive recently noted. Bank of England (BoE) deputy governor for financial stability, Jon Cunliffe, recommended forming a set of regulations — similar to conventional financial systems — to tackle risks within the cryptocurrenc ecosystem while improving investor confidence. Speaking at a press… More

  • uk-prime-minister-announces-departure-following-mass-resignations
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    UK prime minister announces departure following mass resignations

    Many outlets have reported Rishi Sunak could be one of the possible replacements for Boris Johnson, suggesting that crypto regulations could be central to the government’s agenda. Boris Johnson, who has been the prime minister of the United Kingdom since 2019, said he will step down as leader of the country’s Conservative Party but will… More

  • elusive-bitcoin-etf:-hester-peirce-criticizes-lack-of-legal-clarity-for-crypto
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    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. The crypto sector may be maturing, but regulatory clarity around the treatment of digital assets continues to remain cumbersome. This was recently highlighted by Commissioner Hester Peirce — also known… More

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