MiCA Features on EU Official Journal
Markets in Crypto-Assets (MiCA) legislation, the regulatory framework for crypto assets among EU member states, was published in the Official Journal of the European Union (OJEU) on June 9. Marking its countdown to implementation on December 30, 2024. The regulations, signed into law on May 31 after their initial introduction in 2020, seek to establish […]
Ark Invest Buys $20M Worth of Block Shares Amid Crypto Lawsuits
Cathie Wood’s Ark Invest has purchased around $20 million worth of Block shares, formerly Square, as the firm remains bullish on Bitcoin and Coinbase despite SEC lawsuits. Read more Cathie Wood of Ark Invest has added more Block shares to its portfolio, signaling its confidence in the crypto-friendly technology company. According to data provided by […]
Senators Propose AI Bills for Transparency, Innovation
Two new bipartisan bills addressing issues of transparency and innovation associated with using artificial intelligence (AI) have been proposed in the United States. On June 8, Gary Peters, Mike Braun, and James Lankford introduced the first bill requiring the government to be transparent with its use of artificial intelligence. Under such a measure, U.S. government […]
New Stablecoin Bill Draft Goes Before US House Committee
The Republican chair Patrick McHenry has presented the third iteration of the stablecoin bill to the House Committee on Financial Services. The bill will be up for discussion on June 13 and, if approved, could become the first form of crypto legislation in the U.S. The most recent version of the bill is intended to […]
IOG Defends ADA Against SEC’s Security Claims
IOG, the development company behind Cardano, has rejected the SEC’s allegations that ADA is a security under U.S. laws. The company has stated that the SEC’s lawsuits against Binance and Coinbase, which listed ADA among other tokens, contained factual inaccuracies and did not affect its operations. IOG also emphasized its commitment to collaborating with regulators […]