US Crypto Regulation Reform: A New Framework on the Horizon
by aria-crypto.com
January 20, 2025 at 04:42
US Crypto Regulation Reform: A New Framework on the Horizon
Senator Tim Scott, current Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, is taking a proactive stance on cryptocurrency regulation. Initiated on January 3rd upon his assumption of the chairmanship, Scott’s legislative goals were thoroughly announced on January 15th. His agenda focuses on advancing financial inclusion and providing a clear regulatory framework for digital assets, aiming to position the U.S. as a leader in global cryptocurrency markets. Criticized for its previous lack of guidance under the SEC's Chair Gensler, the new framework seeks to avoid stifling industry innovation by pushing crypto projects overseas. Key initiatives will create a pathway for trading and custody of digital assets, promoting consumer protection, choice, and education while complying with the Bank Secrecy Act. Moreover, Scott plans to integrate digital asset oversight into national security frameworks to bolster the country's economic stability. Overall, Scott's vision for the 119th Congress emphasizes making America advantageous for all citizens, fostering a competitive yet safe cryptocurrency environment.
Most Read
No articles to show at the moment
Read more
>> SUI Faces Potential Collapse Amid Historical Patterns, Solana Analyst Warns
Cryptocurrency expert Jason Pizzino has issued a warning about SUI, a competitor to Solana, predicting a possible severe price correction. Pizzino shared his analysis with his 345,000 YouTube followers, highlig...
2 hours ago
>> US Lawmakers Form Strategic Group to Bolster Crypto Regulation and Leadership
In a groundbreaking move, U.S. Senate and House lawmakers have convened to establish a comprehensive regulatory framework dedicated to digital assets. The bipartisan effort led by key Senate and House Committee...
>> FED, Crypto, and Coinbase: Advocating for Clearer Banking Rules in Cryptocurrency Services
Coinbase, a leading U.S. cryptocurrency exchange, is actively engaging with federal regulators like the FDIC, OCC, and the Federal Reserve to streamline the integration of banking services with the crypto secto...
>> CFTC Takes Aim at Crypto.com and Kalshi Over Sports Crypto Bets
The Commodity Futures Trading Commission (CFTC) is currently investigating Crypto.com and Kalshi to determine if their Super Bowl event contracts fall under "gaming" according to existing commodities regulation...
>> Paxos Expands in the EU with New Electronic Money License
Paxos has recently secured an Electronic Money Institution license within the European Union, marking a significant step in its expansion efforts. The license will enable Paxos to offer fully compliant stableco...
>> Bitcoin Makes Waves on Nasdaq as Semler Scientific Bolsters Its Holdings
Semler Scientific (SMLR), a Nasdaq-listed company, has made significant headlines with its recent acquisition of 871 Bitcoin, tallying an $88.5 million investment between January 11 and February 3. The company...
9 hours ago
>> UAE and Shiba Inu Collaborate to Boost Web3 Initiatives
The UAE Government has teamed up with the cryptocurrency Shiba Inu to advance WEB3 technologies in the region. This partnership aims to leverage the unique attributes of Shiba Inu in fostering a more dynamic an...
9 hours ago
>> Kraken Secures Key EU License, Bolsters Crypto Derivative Offerings in Europe
Leading cryptocurrency exchange Kraken has successfully obtained a Markets in Financial Instruments Directive (MiFID) license through the acquisition of a Cypriot investment firm. This milestone allows Kraken t...
>> US Bitcoin Ambitions: States Lead the Charge as National Reserve Talks Continue
States across the U.S. are increasingly embracing Bitcoin, transcending discussions at the national level about the formation of a Strategic Bitcoin Reserve, which remains a concept championed by Senator Cynthi...
14 hours ago
>> Canada and China at the Heart of Cryptocurrency Volatility Over Trade Tensions
The cryptocurrency market has experienced significant volatility following international trade disputes, particularly influenced by tariff negotiations involving the US, Canada, and China. Recently, Bitcoin soa...
14 hours ago
All the latest crypto news in one place
Stay informed and up-to-date on the market's latest news with our Terminal's News Aggregator with curated news articles and analysis from over 50 sources, including the crypto's biggest publications.
Launch Terminal
