EU Lawmakers Skeptical of Digital Euro as ECB Revamps Its Pitch
The European Central Bank (ECB) is making a renewed effort to convince policymakers of the need for a digital euro, but skepticism among European Union lawmakers remains strong. While central bankers argue the project is vital for financial resilience and sovereignty, many parliamentarians continue to question both its necessity and its potential risks. During a […]
US Lawmakers to Vote on FIT21 Bill
Republican lawmakers announced that the US House will vote this week on a bill clarifying financial regulators’ roles regarding digital assets. Legislators from the Republican-controlled House Financial Services Committee have declared that a vote on legislation this week will clarify the responsibilities of financial regulators regarding digital assets. House Republicans stated in a 20 May […]
Lawmakers Urge US SEC to Approve Bitcoin Options Trading
Legislators from the United States reportedly urged the Securities and Exchange Commission to permit trading options on exchange-traded products (ETPs) involving Bitcoin. Axios reports that in a recent letter to the commission’s chief, Gary Gensler, Representatives Mike Flood and Wiley Nickel urged the SEC to cease discriminating against cryptocurrency funds. The bipartisan letter states, “We […]
Lawmakers Probe Apple’s App Store Policies on Blockchain, NFTs
Lawmakers are investigating whether Apple’s stringent guidelines might inadvertently stifle innovation and hinder the growth of cutting-edge technologies. United States Representatives Gus Bilirakis and Jan Schakowsky penned a formal letter to Apple CEO Tim Cook about concerns related to the California-based company’s App Store, and the potential effect of its guidelines on emerging technologies like […]
UK Denies Proposal To Treat Crypto Like Gambling
The United Kingdom government has rejected a proposal by the U.K. Treasury Committee to regulate crypto retail trading in the same manner as gambling, emphasizing its “strong disagreement” with the Committee’s position. In a report issued on May 17 by a House of Commons Committee, British legislators called for the crypto market to be regulated […]