Colombia Advances On Crypto Regulation Bill
The Senate of Colombia is debating a bill that would provide legal clarity and security for crypto-asset exchange platforms and their users. The bill, already approved by the House of Representatives, aims to enhance the crypto industry by ensuring a regulated, secure, and transparent transition for all stakeholders. Background Colombia is one of the most […]
Bitcoin of America Shuts Down Crypto ATMs Operation in Connecticut
Bitcoin of America, a crypto and Bitcoin ATMs provider, agreed with the Connecticut Department of Banking to cease operations due to the lack of a license as a money transmitter to operate Bitcoin ATM kiosks in the state. In a statement issued on May 22, the Department of Banking emphasized that Bitcoin of America lacked […]
Crypto Group Asks Congress to Pass Digital Asset Laws
The Chamber of Digital Commerce warns that if the U.S. does not adopt a national approach to crypto regulation, it risks losing its global leadership and dollar primacy. On May 19, the Chamber of Digital Commerce, a digital asset advocacy group with major players such as Goldman Sachs, Citi Group, Circle, and Fidelity, urged Congress […]
Proof-of-Reserve Bill Passes Senate in Texas
A proof-of-reserve bill requiring exchanges to maintain reserves “sufficient to fulfil all obligations to customers” is one step closer to becoming law in Texas. The state Senate approved the bill on May 15, awaiting only the governor’s permission. Earlier this year, the Texas House of Representatives approved House Bill 1666, which amends the Texas Finance […]
XRP surges as judge exposes SEC’s Ethereum documents
Judge Analisa Torres has denied the SEC’s attempt to conceal the records of its former official’s speech on Ethereum. The XRP community views this as a boost for Ripple’s legal battle with the regulator. In 2018, an SEC official, William Hinman, declared that Ethereum (ETH) was not a security because it had attained enough decentralization. […]