Category: Law of the Chain
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Senator Tim Scott secures Democratic backing for crypto market structure bill in 2024 legislative session
Senator Tim Scott expects bipartisan support for crypto market structure legislation involving Bitcoin and Ethereum with over 20 Democrats potentially endorsing the framework.
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SEC enforces new crypto rules after Ripple settlement, mandating compliance by Q4 2024
The SEC advances crypto regulation after Ripple’s $1.2 billion settlement, impacting XRP and Ethereum with new compliance requirements for 2024.
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Wyoming launches WYOCoin, a USD-backed stablecoin under 2024 blockchain law with $500 million reserves.
Wyoming launched the first state-backed stablecoin, WYOCoin, pegged 1:1 to USD, with $500 million initial backing and support from Avanti Bank.
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FIT21 crypto market structure bill vote approaches with Bitcoin at $69000 in 2024
Senator Tim Scott indicates the FIT21 crypto market structure bill vote is close, with Bitcoin at $69000 and Ethereum trading above $3800.
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Senate Clarity Act gains 12-18 Democratic votes in 2024 legislative session
12-18 Democrats may support the Senate’s Clarity Act version, involving policy alignment and legislative strategy in the 118th Congress.
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South Korea suspends crypto lending services over 200% leverage risks on major exchanges
South Korea halted crypto lending services amid 200% leverage concerns affecting Upbit and Bithumb with $2.5 billion in daily trading volumes.
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Tether appoints former Trump official Bo Hines to regulatory team amid $112 billion USDT market cap
Tether hired former Trump administration official Bo Hines, expanding its regulatory team amid ongoing USDT market cap of $112 billion and increased regulatory scrutiny.
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US Federal Reserve Implements New Crypto Banking Rules Effective July 2023
US regulators propose stricter crypto banking rules affecting Bitcoin and Ethereum, with a 30-day comment period starting July 2023.
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Wyoming launches FRNT, the first state-issued US dollar-backed stablecoin in 2023
Wyoming launched FRNT, the first US state-issued stablecoin, backed 1:1 by US dollars and managed by the Wyoming Stable Token Commission.
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Google suspends Jack Dorsey’s Bitchat app from Play Store on 15 for policy violations
Google suspended Jack Dorsey’s Bitchat app from Play Store on May 15, citing policy violations, affecting 500,000 users and Bitcoin integration.
