Category: Law of the Chain
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Breaking: U.S. Senate Releases Draft Crypto Market Structure Bill
The U.S. Senate Banking Committee released the draft CLARITY Act, a crypto market structure bill clarifying digital asset classification and regulatory oversight, shifting some authority from SEC to CFTC.
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Bank of England weighs scrapping Britcoin plans as industry solutions reduce need for CBDC
The Bank of England is reconsidering its digital pound plans as private sector payment innovations advance, potentially reducing the need for a retail CBDC. Governor Andrew Bailey questions the necessity of introducing new money.
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North Korean Hackers Have Laundered Over $1 Billion Stolen From Bybit in Under Six Months – “The Defiant”
North Korean hackers laundered over $1 billion stolen from Bybit in six months, using Chinese money launderers and decentralized platforms to evade detection, with 80% of funds now untraceable.
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Coinbase Launches CFTC-Regulated Perpetual Futures for US Retail Traders
Coinbase introduces CFTC-regulated nano BTC and ETH perpetual futures for US retail traders, offering up to 10x leverage, providing a regulated alternative to offshore platforms.
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Bank of England Reconsidering Digital Pound Dream – Coinspeaker
The Bank of England is reconsidering its digital pound plans, shifting focus to tokenized deposits and payment innovations amid skepticism about CBDCs’ necessity.
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JPMorgan Reportedly Explores Lending Against Clients’ Cryptocurrency Holdings – News Bytes Bitcoin News
JPMorgan is considering offering loans backed by clients’ cryptocurrency holdings, signaling a notable shift in its approach to digital assets despite past criticisms.
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Lawyer Debunks XRP Escrow Dump Rumors
Lawyer Bill Morgan debunks XRP escrow dump rumors, clarifying Ripple’s strategy to support XRP’s price. Despite criticism, XRP’s price surge contradicts claims of intentional price depression.
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Brian Quintenz Suddenly Dropped From CFTC Chair Nomination Vote Roster – Crypto News Bitcoin News
Brian Quintenz, former CFTC commissioner and current crypto policy lead at Andreessen Horowitz, was unexpectedly removed from the CFTC chair nomination vote roster.
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JPMorgan Exploring Loans Backed by Bitcoin, Ethereum: FT – Decrypt
JPMorgan is exploring crypto-backed loans using Bitcoin and Ethereum as collateral, signaling a shift in traditional finance’s approach to digital assets despite regulatory hurdles like Basel III rules.
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Republicans propose 7% leaner SEC budget compared to Biden’s era
House Republicans propose a 7% SEC budget cut for 2026, aiming to reduce spending and reverse Biden-era rules, including cybersecurity disclosures for public companies.
