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Regulation: U.S. Treasury Held Two Meetings With Financial Industry Executives And Representatives Of Crypto On Stablecoins This Week

Earlier this week, the U.S. Treasury Department met with financial industry executives and some representatives of the crypto industry to discuss regulation, risks, and benefits of stablecoins, Reuters reported. Washington lawmakers say they are “alarmed” at how fast the cryptocurrency market is growing according to people familiar with the meeting who spoke to Reuters. As… Read More

Uniswap Is Reportedly Under Investigation By The U.S. SEC

Popular decentralized exchange protocol Uniswap is under investigation by the U.S. Securities and Exchange Commission (SEC) according to a recent report. Uniswap Marketing Being Investigated The SEC is looking into the operators and marketing operations of the number one decentralized exchange, according to the Wall Street Journal, which cited “people familiar with the matter.”  The… Read More

U.S. Congressman and CFTC Commissioner Call Out SEC For Its “Power Grab” Over Digital Assets

U.S. Congressman Patrick McHenry (R-NC) criticized the U.S. Securities and Exchange Commission (SEC) and its commission head Gary Gensler for asking for further powers over crypto, calling the attempt “a blatant power grab that will hurt American innovation.” He added, “We don’t need another backroom deal between Gensler and Elizabeth Warren.” McHenry isn’t the only… Read More

Gary Gensler SEC Chairman Calls Crypto “Wild West” Says Regulations Are Coming For DEFI and Stablecoins

During the Aspen Security Forum conference, U.S. SEC Chairman Gary Gensler begged Congress to give the Security and Exchange Commission more authority to oversee the crypto market, echoing previous calls by the IRS for the same. Gensler also stated that cryptocurrency feels like the “wild west” right now, adding, that “regulations are coming” singling out… Read More

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