Fun

News Feed - 2023-07-25 01:07:03

Turner Wright7 hours agoRipple ruling and crypto ETFs ‘drove a lot of urgency’ among lawmakers, reportedly says Coinbase CEOCoinbase CEO Brian Armstrong reportedly said Representatives Maxine Waters and Patrick McHenry were both considering a legislative path forward on regulating digital assets.1768 Total views23 Total sharesListen to article 0:00NewsJoin us on social networksCoinbase CEO Brian Armstrong has reportedly said United States lawmakers have a renewed focus on regulatory clarity in the crypto space following talks with key officials.


According to a July 24 Axios report, Armstrong met with U.S. lawmakers on July 20 ahead of discussions and votes on pieces of legislation aimed at providing regulatory clarity on digital assets. The Coinbase CEO reportedly said the Securities and Exchange Commission’s lawsuit against Ripple — in which a court said XRP (XRP) largely did not qualify as a security — “drove a lot of urgency” among members of Congress.


“Rep. Patrick McHenry is very much committed to getting legislation,” said Armstrong. “Maxine Waters is looking at it deeply, as far as I can tell. [...] I think the Ripple case drove a lot of urgency. Same with these bitcoin ETF filings that we’ve been seeing recently from Blackrock, Fidelity, and major financial services firms.”


There are several draft bills on crypto and blockchain currently being discussed in the House of Representatives and Senate, including the Financial Innovation and Technology for the 21st Century Act, Responsible Financial Innovation Act, Digital Asset Anti-Money Laundering Act, and Digital Asset Market Structure bill. According to Armstrong, the SEC. v. Ripple ruling was creating “optimism that shouldn’t be underestimated,” pushing lawmakers to consider a legislative path forward rather than relying on court decisions.


Related:Coinbase vs SEC court dates confirmed for initial case arguments


Coinbase faces its own lawsuit from the SEC, which charged the crypto exchange for alleged violations of securities laws in June following a March Wells notice. Many Coinbase executives have publicly pushed back against the allegations and claimed the commission was operating on a “regulation by enforcement” approach to crypto.


In May, Coinbase announced that it planned to organize a July 19 “Stand for Crypto Day” in Washington, DC — seemingly a rally or protest aimed at persuading members of Congress to support crypto-friendly policies. Though Armstrong was in the nation’s capital city at roughly the same time, the lack of related activity on Coinbase’s social media channels suggested the event may not have occurred, or was a different approach than had been hinted.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Crypto regulation: Does SEC Chair Gary Gensler have the final say?# Coinbase# Government# Ripple# SEC# United States# RegulationAdd reactionAdd reactionRelated NewsHow to use a crypto hardware walletAI opens doors for NFT artist Ellie Pritts at bitforms gallery in NYCUS law protects institutions and exposes retail investors — Rep. TorresCoinbase CEO will meet with US lawmakers to discuss crypto legislation: ReportUS lawmaker calls on SEC chair to reassess stance on crypto following Ripple rulingUS lawmakers propose SEC chair consider legislation, not enforcement approach to crypto

News Feed

Cointelegraph10 hours agoZero Barriers ahead! Zero knowledge and AI combine to redefine the futureThe fourth episode sees StarkWare president Eli Ben-Sasson and Giza co-founder Cem Dagdelen explore the role of AI in smar
Russian Parliament Postpones Adoption of Crypto Mining Bill
Russian Parliament Postpones Adoption of Crypto Mining Bill Russian lawmakers will consider a draft law on cryptocurrency mining in 2023 despite earlier indications they were going
Rakesh Upadhyay2 hours agoBitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullishBTC price advances toward $35,000, potentially opening the door for ETH, APT, QNT and RUNE to move higher.1250 Total views23
David Attlee40 minutes agoWyoming seeks ‘stable token’ commission head in first steps to establish state stablecoinThe state seeks someone with connections and expertise in the blockchain industry, promising a $150,0
Sushiswap Founder Reportedly Exit Scams as Sushi Token Price Tanks
Sushiswap Founder Reportedly Exit Scams as Sushi Token Price TanksThe anonymous founder of Sushiswap has reportedly exit scammed after converting all of his sushi tokens to ETH on S
8 US Lawmakers Urge SEC to Stop Crippling Crypto, Stifling Innovation
8 US Lawmakers Urge SEC to Stop Crippling Crypto, Stifling Innovation Eight U.S. lawmakers have sent a letter to the chairman of the U.S. Securities and Exchange Commission (SEC) r
Bitcoin MVRV Hints At $85,000 Price Target On This Condition – Details
Este artículo también está disponible en español. Bitcoin, the world’s largest digital asset, recorded significant market gains in the past week to resume an uptren
Mastering Emotions and Managing Risk in Cryptocurrency Trading
When it comes to trading, there are several steps you can take in order to reduce your exposure to the market extremes of price volatility. A combination of both technical and funda
$1.6B port investment could revive El Salvador’s Bitcoin City plans
Derek Andersen5 hours ago$1.6B port investment could revive El Salvador’s Bitcoin City plansThe Turkish Yilport Holdings made the largest-ever private investment in El Salvador and will develop the port at the proposed
Bitcoin Sees Largest Net Taker Volume Drop Of 2025 – Traders React To Trump-Elon Clash
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin traders eye $60K BTC price support as 'huge' futures gap opens
William Suberg39 minutes agoBitcoin traders eye $60K BTC price support as "huge" futures gap opensBitcoin bulls remain confident despite BTC price hitting its lowest levels since March 6 in a brutal weekend sell-off.674
Mastercard Debuts Blockchain Surveillance Tool for Banks and Crypto-Centric Card Issuers
Mastercard Debuts Blockchain Surveillance Tool for Banks and Crypto-Centric Card Issuers On Tuesday, the multinational financial services corporation Mastercard revealed that it is