SEC Approves DoubleZero’s Impact on Decentralized Infrastructure
@SEC grants DoubleZero a no-action letter, allowing token issuance for decentralized infrastructure without triggering securities laws, praised by DeFi advocates. #Update #Crypto $2Z
Regulation
CFTC Approves Stablecoins for Tokenized Collateral
The U.S. Commodity Futures Trading Commission, led by acting chief Caroline Pham, is seeking industry input on using stablecoins as tokenized collateral in derivatives markets until October 20. #Update #Crypto $USDC
Crypto Firms Licensed as Ghana Drafts Regulation
Ghana’s Central Bank will regulate and license cryptocurrency platforms by September 2025, enabling tax collection and enhancing trade amid significant $3 billion in crypto trades from July 2023 to June 2024. #Update #Crypto $BTC
Crypto Markets Demand Stronger EU Oversight
Market regulators in France, Austria, and Italy urge the EU to strengthen crypto oversight under MiCA, citing enforcement discrepancies and proposing direct ESMA supervision for major providers. #Update #Crypto
Bitcoin: Pakistan Approves Regulated Exchanges
The Pakistan Virtual Asset Regulatory Authority invites global crypto exchanges to operate, sparking debate over its crypto strategy. #Update #Crypto
Crypto Market Structure Tweaks GENIUS Strategy
U.S. Representative French Hill and Senator Cynthia Lummis support amendments to the GENIUS Act, aiming for a stronger stablecoin framework as the Senate prepares its market structure bill. #Update #Crypto $USDT
Brazil Launches VASP Regulation by 2026
Central Bank of Brazil plans to implement VASP regulation by 2026, emphasizing freedom while avoiding overly bold rules. #Update #Legal
Bitcoin Risks: Nigerian Agency Demands Regulation
The chairman of Nigeria’s EFCC warns that unregulated crypto activities pose significant risks to the financial system, urging stronger regulation. #Update #Crypto
SEC Meeting Sparks Chainlink Tokenization Future
Chainlink CEO @SergeyNazarov met SEC Chairman Paul Atkins, discussing on-chain asset compliance with securities laws. Nazarov anticipates significant growth in digital asset tokenization by mid-2024. #Update #Crypto $LINK
SEC Errors Ignite Crypto Backlash
The crypto industry criticizes the U.S. SEC after its inspector general revealed former Chair Gary Gensler’s government phone texts were lost due to “avoidable errors.” #Update #Legal @SEC
Stripe’s Tempo Blockchain Challenges Libra Legacy
@ChristianCatalini warns that @Stripe’s Tempo and @Circle’s Arc may prioritize commercial success over crypto’s decentralization ideals, potentially replicating traditional finance structures. #Update #Crypto $USDC
Bitcoin Holds $110K Amid $113K Rejection
Aaryn Ling of @BTCCExchange highlights a shift in crypto-sports partnerships, focusing on reputation and research over impulsive endorsements. #Update #Crypto #Sports
Crypto Regulations Clarified Boosting Innovation
The Federal Reserve accelerates efforts to eliminate regulatory gray zones, pledging precise digital asset guidance to unlock crypto innovation, Vice Chair Bowman announced at Georgetown University. #Update #Legal (+6) ↗
Crypto ETNs Ban Lift Proposed
The U.K. Financial Conduct Authority proposes lifting a ban on crypto exchange-traded notes for retail traders, applying normal financial promotion rules. #Update #Crypto #Legal (+3) ↗