Category: Law of the Chain
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Top banking groups urge OCC to delay Ripple, Circle trust bank approvals
Banking groups urge OCC to delay Ripple and Circle’s trust bank approvals, citing concerns over policy shifts and regulatory oversight for digital asset companies seeking national charters.
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Thailand SEC Moves to Tighten ICO Rules With Investor Testing Mandates – Decrypt
Thailand’s SEC proposes easing crypto investor knowledge tests, allowing passed tests to skip repeats. New rules mandate suitability tests every two years to align risk tolerance with product risk.
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Trump Shares ‘Greatest Bitcoin Explanation Of All Time’
Donald Trump praised a 2018 Bitcoin testimony by Coin Center’s Peter Van Valkenburgh as the ‘greatest explanation of all time.’ The endorsement comes ahead of a federal report on US Bitcoin reserves and regulatory recommendations.
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GENIUS Act Includes Clause to Block Big Tech and Wall Street from Stablecoin Dominance
The article discusses the latest advancements in blockchain technology, focusing on scalability solutions and their impact on decentralized applications and enterprise adoption.
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US bank lobby challenges crypto firms’ bids for bank licences
US banking groups urge the OCC to delay crypto firms’ bank license approvals, citing policy concerns and insufficient public information about their business models.
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What the GENIUS Act Means for XRP Investors – Decrypt
The GENIUS Act provides regulatory clarity for stablecoin issuers like Ripple but has limited direct impact on XRP’s price. Ripple’s new stablecoin, RLUSD, positions it to compete with USDC and PayPal USD in the U.S. market.
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These U.S. States Have Passed Bitcoin Reserve Laws – Decrypt
Three U.S. states have passed Bitcoin reserve laws, with proposals pending in 17 others. New Hampshire allows 5% of public funds in digital assets, while Arizona permits holding seized Bitcoin. Debates continue over volatility and safety concerns.
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Tokenize Pulls Out of Singapore Over Licensing Roadblock
Tokenize Xchange exits Singapore after MAS rejects its digital payment token license application, relocating to Malaysia and planning expansion to Abu Dhabi.
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UK working to sell $7B in seized Bitcoin to boost budget: Report
The UK plans to sell $7B in seized Bitcoin to address budget deficits, but faces legal challenges from victims of a Chinese Ponzi scheme who claim ownership of the assets.
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Trump calls Bitcoin speech by Coin Center director the GOAT
Donald Trump praised Coin Center director Peter Van Valkenburgh’s Senate testimony on Bitcoin as the greatest explanation ever. His administration has adopted pro-crypto policies, including the GENIUS Act.
