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 […]
Stand With Crypto Launches Political Action Committee
A new political action committee called Stand With Crypto has launched a PAC to back pro-crypto politicians ahead of the 2024 elections. Having more than 440,000 members, the group recently revealed that it has endorsed candidates from all parties for the Senate and the House of Representatives, demonstrating its coordinated efforts to promote the blockchain […]
OKX Realigns US Compliance Team as Top Priority
The offshore exchange OKX has elevated its U.S. compliance staff to the highest echelon of the company. A strategic change brought about by growing regulatory monitoring of Bitcoin exchanges for their anti-money laundering policies is that the department now commands priority over all other divisions. The restructuring of OKX is in line with a larger […]
US Tokenized Treasuries Increased By 641% In 2023 – Report
CoinGecko data tracker for digital assets reports that tokenized treasuries in the United States experienced a 641% growth worth $845 million in 2023, with the participation of conventional finance institutions. CoinGecko released its 2024 report entitled “Rise of Real World Assets in Crypto” on March 21. The report provided an overview of tokenizing real-world assets […]
Mango Markets Sets Aside $250k to Address US Regulatory Inquiries
Decentralized trade Mango Markets has allocated $250,000 worth of USD Coin (USDC) to its course in response to regulatory organizations in the United States scrutinizing it. The DAO, or decentralized autonomous organization, hired an intermediary to help shepherd the project through its regulatory challenges due to recent setbacks, including a hack and continuing legal procedures. […]