Regulations News

Amid recent discussions on social media suggesting a potential reversal, China’s stance on Bitcoin remains a contentious topic within the cryptocurrency community.

The State Duma’s Financial Markets Committee has recommended that the lower house of the Russian parliament approve a bill to regulate Bitcoin and altcoin mining activities.

After a decisive election victory on July 4, the UK Labour Party, under Prime Minister Keir Starmer, has begun appointing officials to key government roles.

The US House of Representatives recently attempted to overturn President Biden’s veto of a measure aimed at nullifying SEC guidance known as SAB 121.

In a renewed effort, a group of bipartisan U.S. senators is advocating for legislation to prevent members of Congress from engaging in stock trading.

Amidst recent turbulence in the crypto market, the spotlight is firmly on the SAB 121 Bill, an initiative by the SEC aimed at increasing transparency and regulatory oversight within the cryptocurrency sector.

During a hearing in front of the House Committee on Financial Services, Federal Reserve Chair Jerome Powell expressed strong support for passing stablecoin legislation before the end of 2024.