The White House has vetoed a bipartisan clause that would deal with conflicts of interest in the CLARITY Act. This provision was proposed by legislators to tackle possible ethical problems with political leaders’ ties to crypto ventures. The decision has since halted the talks while the fate of the bill is uncertain. Although the CLARITY […]
STABLE act
U.S Rep Tom Emmer Introduces Blockchain Bill to Protect Developers
The Blockchain Regulatory Certainty Act (BRCA) has been reintroduced in Congress to protect digital asset developers. The bipartisan effort is led by Representatives Tom Emmer and Ritchie Torres, who are both part of the Congressional Crypto Caucus. The bill clarifies that developers who do not manage customer funds are not considered money transmitters. The BRCA […]
Lawmakers Unveil STABLE Act to Overhaul Stablecoin Rules in U.S
U.S. lawmakers aim to regulate the rapidly growing stablecoin market. The proposed STABLE and GENIUS Acts set strict compliance rules, with major implications for companies like Tether. STABLE Act To Streamline Stablecoin Market House lawmakers introduced a new proposal to regulate stablecoins which focuses on clearer oversight and compliance requirements. The bill, titled the Stablecoin […]
Circle CEO Jeremy Allaire Expresses Concern Over STABLE Act, Requests Shackles to be Removed
The digital assets market has seen several ups and downs over the years with regulations playing a key role in deciding its fate. The past couple of years saw a resurgence of positive sentiments within the industry but that seems to have been reversed by the latest STABLE Act bill. A breakdown of the bill […]