Rule of Nodes – Page 15 – Block Beat Daily

SEC adopts 12 new cryptocurrency rules in 2024, ending litigation-focused enforcement strategy

The SEC shifts from litigation to rulemaking, increasing regulatory clarity for Bitcoin and Ethereum markets, with 12 new proposals in 2024.

CalPERS manages $500 billion in assets and faces internal division over potential Bitcoin investment, with some trustees advocating for exposure.

Paxos applies to establish a national trust bank in the US, aiming to expand its financial services and regulatory compliance.

Malaysia’s central bank paper highlights XRP and BTC as potential monetary alternatives, sparking industry debate.

Kakao plans to launch a Korean Won stablecoin on Kaia amid new regulatory considerations by lawmakers.

Bithumb reduces crypto lending services following increased regulatory scrutiny and pressure from authorities.

US Senator advocates for crypto regulations that protect people and prevent government corruption, emphasizing fair rules.

Paxos seeks US bank license amid evolving stablecoin regulations, highlighting crypto industry’s push for compliance and legitimacy.

Senator Warren warns that proposed crypto regulations may risk destabilizing the U.S. economy if not properly managed.

GENIUS Act’s stablecoin ban could drive growth in the tokenization market as alternatives emerge.