Tagged: crypto council for innovation

Industry Insiders Comment on Crypto is Like Gambling Statement Issued by Parliament Treasury Committee

Digital asset industry participants are pushing back against the Parliament Treasury Committee’s report on crypto that declared the asset class should be treated like gambling. The statement was predicated on the opinion that many cryptocurrencies hold no intrinsic value – except for speculation. The Chair… Read More

Crypto Council for Innovation Comments on US Department of Treasury Report on DeFi

Earlier today, the US Department of Treasury posted a report on DeFi entitled “2023 DeFi Illicit Finance Risk Assessment.”  For the first time, Treasury addressed the concept of DeFi  – a sector of digital assets that engenders challenges for regulators. Treasury noted that DeFi is… Read More

Crypto Council Comments on Binance Enforcement Action: CFTC Goes Straight for the Knockout

This past week, the Commodities Futures Trading Commission filed an enforcement action against Binance and its founder Changpeng Zhao (CZ). The lawsuit comes as no surprise to industry followers as Binance is the largest crypto exchange globally and represents a fat target for regulators. The… Read More

Crypto Council CEO Comments on Possible SEC Enforcement Action Against Coinbase Following Wells Notice

Yesterday, the only publicly traded digital asset exchange, Coinbase (NASDAQ:COIN), announced that it has received a Wells Notice from the SEC indicating there is a high possibility of an enforcement action. Coinbase criticized the move by the SEC, stating that it has attempted to engage with the… Read More

Second Mover Advantage: Crypto Council Comments on UK’s Push to Regulate Crypto, Embrace Digital Asset Innovation

Yesterday, the UK government announced that it would assist the crypto industry by providing robust regulation of the emerging innovation. As industry insiders acutely understand, without clearly defined rules, risk increases, generating hesitancy and undermining acceptance of the technology. While policymakers in the US have… Read More

Crypto Council for Innovation Comments on White House Crypto Statement, RFI Issued on Digital Assets

On Friday, the White House posted a statement on crypto and the administration’s policy pertaining to digital asset innovation. In recent months, multiple crypto firms have filed for bankruptcy and an algorithmic stablecoin, TerraUSD, ended up not being very stable – destroying holder value. Earlier… Read More

Crypto Council for Innovation Comments on Sam Bankman-Fried Arrest

Sheila Warren, CEO of the Crypto Council for Innovation, has issued a  statement on the arrest of Sam Bankman-Fried, founder of FTX. The statement was issued prior to the announcement of civil charges being filed by both the Securities and Exchange Commission and Commodities Futures… Read More

Crypto Council Survey: Voters Support Digital Assets

The Crypto Council for Innovation has distributed information gleaned from a survey that indicates US voters are supportive of digital assets, with 13% stating they hold crypto. The national survey polled 1,200 likely voters and was conducted for the Crypto Council by a bipartisan team… Read More

Financial Stability Board Publishes Proposed Framework for Regulation of Crypto Assets

The Financial Stability Board (FSB) has published a proposed framework for global regulation of crypto assets. The FSB stated in a release that “crypto-assets and markets must be subject to effective regulation and oversight commensurate with the risks they pose.” While acknowledging there is currently… Read More

The Crypto Council for Innovation Recognizes House and Senate Members Supportive of Digital Asset Innovation

The Crypto Council for Innovation has recognized a large group of Senators and Members of the House of Representatives with its Digital Future Award, according to an email from the Council. The elected leaders are being acknowledged for their “initiative, engagement, and commitment to US… Read More

US Senators Introduce Bi-Partisan Digital Commodities Consumer Protection Act

Several US Senators, all members of the Senate Committee on Agriculture, have introduced new bi-partisan legislation targeting the digital asset sector. U.S. Senators Debbie Stabenow, Chairwoman of the Senate Committee and John Boozman, Ranking Member, along with Senators Cory Booker and John Thune have introduced the Digital… Read More

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