On January 24, Cynthia Lummis, chair of the Senate Banking Subcommittee on Digital Assets, posted on social media: "As we learn of the severity and injustice of Chokepoint 2.0, I will work closely with FDIC Vice Chairperson Travis Hill to end this attack on digital assets."
Kim Byung-hwan, chairperson of South Korea's Financial Services Commission (FSC), said he plans to announce his position on allowing businesses to invest in virtual assets (cryptocurrencies) as soon as possible, while also expediting preparations for the stablecoin regulatory system and the second phase of legislation.
According to News1, Kim Byung-hwan, chairperson of the South Korean Financial Commission, said on allowing legal persons to invest in virtual assets: "The content of the legal person account was omitted from the press release issued by the Virtual Asset Commission (meeting) last week. So there is speculation whether it will not be advanced, but it is not the case. Since the committee has discussed the relevant content before, we will determine the position and announce it as soon as possible." H...
Mark Uyeda, acting chairperson of the Securities Exchange Commission (SEC), has established a cryptocurrency task force "dedicated to developing a comprehensive and clear regulatory framework for cryptocurrency assets". Commissioner Hester Peirce will lead the task force. The focus of the task force will be to help the Commission draw clear regulatory boundaries, provide a practical path to registration, develop a reasonable disclosure framework, and deploy enforcement resources wisely.
According to market news, acting SEC Chairperson Mark Uyeda has announced the establishment of a new crypto task force.
Securities Exchange Commission (SEC) Chairperson Gary Gensler has resigned.
Cleveland Fed President Mark Hammarck dissented at the third Fed meeting, where she only participated in decision-making. She opposed the idea that interest rates had to be cut due to market expectations at the time, and said her objection was supported by Powell and other colleagues. Click to view > >
Newly elected Republican Senator Tim Scott, chairperson of the U.S. Senate Banking Committee, has announced that developing a regulatory framework for digital assets will be one of the top priorities of the 119th Congress. In a Jan. 15 notice, Tim Scott said the banking committee intends to focus on financial inclusion policies that "create opportunity for America." The committee's priorities include affordable housing, economic national security, regulation, and digital assets. He said: "Under ...
21:00-7:00 Keywords: TON, Dfns, SEC Chairperson, Bitwise BITW 1. The TON blockchain will expand in the United States. The US PPI rose 3.3% year-on-year in December. 3. Crypto wallet technology company Dfns completed a $16 million financing; 4. SEC Chairperson: The SEC has never said that Bitcoin and Ethereum are securities. 5. Genius Group announced the issuance of 33 million USD rights issue to buy bitcoin; 6. The SEC has postponed the application resolution for the conversion of Bitwise BITW i...
Gary Gensler, the outgoing chairperson of the Securities Exchange Commission (SEC), told Yahoo Finance on Tuesday that the commission "never said" that bitcoin and ether were securities, and neither he nor Jay Clayton, the SEC's previous chairperson, said bitcoin was a security.
"Bitcoin is a highly speculative asset, but 7 billion people around the world want to trade it," said Gary Gensler, chairperson of the Securities Exchange Commission. "Just as we have had gold for 10,000 years, we now have bitcoin."
Michael Saylor, co-founder and chairperson of MicroStrategy, told the ICR conference in Orlando that companies should turn to bitcoin investments because traditional bonds such as treasuries are "poison". He highlighted that bitcoin has outperformed bonds since the company began implementing its bitcoin investment strategy in 2020, and advised businesses to consider bitcoin as digital capital. Saylor revealed that MicroStrategy recently increased its holdings of Bitcoin for $243 million, which i...
In a recent public speech, Federal Deposit Insurance Corporation (FDIC) Vice Chairperson Travis Hill criticized the FDIC's stance on digital assets and called on banking regulators to issue new digital asset guidelines. Hill, who was appointed to the board by Republicans two years ago, criticized the FDIC's role in pressuring banks to give up crypto customers. "The FDIC's long-term goal is to reduce the number of people who are unbanked," he said.
Randall Quarles, a former vice-chairperson of the Federal Reserve, said the Fed's independence, inflation and labour market would not be threatened even if President-elect Donald Trump takes office. Speaking on the sidelines of a forum on Monday, Mr. Quarles said there was considerable misunderstanding about the Fed's independence, which does not mean that the president...
Former Federal Reserve Vice Chairperson Randall Quarles: Tariffs could lead to a rate cut by the Federal Reserve to some extent. Expect a large number of people to be deported from the United States, but it will not affect the labor market. (Jin Ten)