US, UK lawmakers to hear arguments around crypto regulations on June 13

2023-6-13 21:50

As the cryptocurrency industry faces regulatory headwinds, lawmakers in the United States and the United Kingdom are set to bring the discussion into the public sphere. On June 13, both nations will host high-profile hearings, marking a pivotal moment in the ongoing debate over digital asset regulation.

The U.K. Parliament will debate the findings of the Crypto and Digital Assets All-Party Parliamentary Group (APPG) report on the need for cryptocurrency regulation. The debate, led by APPG Chair Dr. Lisa Cameron MP, will commence at 11:00 am BST.

Later in the day, the House Committee on Financial Services will hold a hearing titled “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem” at 2:00 pm ET. The hearing is intended to focus the attention of lawmakers and the public on digital assets, their potential risks and benefits, and the role of government in regulating them.

SEC action forces urgent debates

These public discussions come at a time when the cryptocurrency industry grapples with increasing regulatory scrutiny in the United States. The U.S. Securities and Exchange Commission (SEC) recently filed lawsuits against major cryptocurrency exchanges Binance and Coinbase, alleging multiple violations of securities laws. The SEC claims these companies have been operating as unregistered securities exchanges and have misled investors about their business operations and compliance efforts.

These actions by the SEC have been met with significant pushback from the industry. Binance CEO Changpeng Zhao (CZ) has argued that the SEC’s actions constitute an attack on the entire cryptocurrency industry. Binance’s American affiliate, Binance.US, announced it would end support for USD deposits and trading pairs by June 13.

Armstrong has been particularly vocal, stating that the crypto industry needs regulatory clarity, which can only come from Congress or through case law. He believes that the U.S. will eventually reach the “right outcome” for crypto, whether through legislation, case law, or after the 2024 presidential elections.

American exodus

The industry’s concerns extend beyond the SEC’s actions. There is a growing sentiment that the regulatory environment in the U.S. is stifling innovation and pushing projects out of the country. This sentiment underscores the importance of the upcoming hearing as it moves the discussion from backroom conversations at federal agencies to a more public venue.

Meanwhile, in the UK, the APPG report outlines the government’s vision for the country to become a global hub for cryptocurrency and fintech innovation. The report emphasizes the need for regulation to protect consumers and ensure the UK’s leadership in this sector.

As the debates about crypto regulations shift to the public sphere, the markets may insist on more transparency and involvement as regulations are crafted. Tomorrow’s hearings and debates in both countries may provide further insight into the future direction of cryptocurrency regulation while pushing the debates more visibly into the public eye.

The post US, UK lawmakers to hear arguments around crypto regulations on June 13 appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

United Bitcoin (UBTC) на Currencies.ru

$ 0.9661 (-0.95%)
Объем 24H $0
Изменеия 24h: 2.25 %, 7d: -8.21 %
Cегодня L: $0.9661 - H: $0.9661
Капитализация $0 Rank 8588
Цена в час новости $ 0.3415 (182.9%)

united june lawmakers host nations public sphere

united june → Результатов: 126


OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking

SAN FRANCISCO, UNITED STATES, June 1st, 2023, Chainwire With BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens and Bitcoin to earn passive income on their digital assets OKX, a leading Web3 company, today introduced its proposal for a new, open-source BRC-30 protocol that enables staking of BRC-20 tokens and Bitcoin in […] The post OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking appeared first on CoinJournal.

2023-6-2 01:40


OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking

SAN FRANCISCO, UNITED STATES, June 1st, 2023, Chainwire With BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens and Bitcoin to earn passive income on their digital assets OKX, a leading Web3 company, today introduced its proposal for a new, open-source BRC-30 protocol that enables staking of BRC-20 tokens and Bitcoin in […] The post OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking appeared first on CaptainAltcoin.

2023-6-2 23:10


Фото:

T.E Markets Ltd Set To Launch Its Crypto Currency And Africa’s first Consolidated Exchange

T. E Markets Limited, has launched its own cryptocurrency; XTEMCoin with presale starting on Monday 28th, June on their website, www. tem-coin. com. T. E Markets Ltd is a Holding Company registered in Seychelles with running projects in South Africa, Zimbabwe, Zambia, Nigeria, Kenya, the Democratic Republic of Congo, United States of America and soon in Ghana.

2021-7-3 15:32


Фото:

Bitcoin-Bashing U.S. Rep Sherman Calls For Outright Ban On Cryptocurrencies

United States Congressman Brad Sherman (D-CA) has urged his colleagues to consider completely shutting down cryptocurrencies, arguing that they are “highly volatile”.  Sherman: Crypto Facilitates Tax Evasion A congressional hearing hosted by the House Financial Services Oversight Subcommittee on June 30 performed an overview of the budding crypto ecosystem. Sherman observed that it would make […]

2021-7-1 21:22