New York Attorney General Letitia James, meanwhile, has urged Congress to pass wide-ranging federal legislation to govern cryptos. James goes on to caution that the lack of any nationwide standards are putting U.S. investors and markets in peril. She cautions against the dangers of having a wildcat cryptocurrency industry. She...
New York Attorney General Letitia James has taken a leading role in calling on Congress to enact federal legislation. She has long advocated for a robust regulatory framework for the nascent cryptocurrency industry. In a letter sent to congressional leaders on April 10, James called for new, uniform standards for...
U.S. lawmakers are intensifying their efforts to establish clear regulations for the burgeoning crypto industry, currently valued at $2.7 trillion. On April 9, the House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence convened a timely hearing. This challenge marks the start of a new wave...
Bitcoin has had a wild week of major highs and lows in price, driven both by recent changes in domestic economic policy and by wider market movements. The cryptocurrency, which hit a high of $104,669 on January 30, has been under downward pressure since that time. Yet, despite the fundamentals—particularly...
A recent hearing on Capitol Hill focused on the regulatory structure of crypto and digital asset oversight amidst volatile trading in the crypto market. The discussion highlighted the need for regulatory clarity and potential legislative solutions to address the unique challenges posed by digital assets.The hearing discussed the regulation of...
As Pakistan stands at an important crossroads, it has to deal with how it can incorporate cryptocurrency into its overall financial system. The nation is actively exploring the potential of digital finance, underscored by recent governmental moves to regulate and incorporate cryptocurrency innovations. That starts with appointing key advisors to...