Wednesday, July 30, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Congress should allow crypto to be regulated beyond securities laws: U.S. Secretary Treasury

6 February 2024
in Crypto Exchanges
Reading Time: 2 mins read
0 0
A A
0
Home Crypto Exchanges
Share on FacebookShare on Twitter



Janet Yellen, U.S. Secretary of the Treasury, affirmed the necessity to regulate the cryptocurrency sector past securities legal guidelines on Feb. 6.

Yellen made these remarks throughout a listening to earlier than the U.S. Home of Representatives Committee on Monetary Providers. There, she stated:

“The [Treasury’s Financial Stability Oversight Council (FSOC)] is targeted on digital property and associated dangers … Relevant guidelines and laws must be enforced, and Congress ought to go laws to offer for the regulation of stablecoins and of the spot marketplace for crypto-assets that aren’t securities.”

Yellen recognized associated dangers as runs on crypto-asset providers and stablecoins, vulnerabilities from crypto value fluctuations, and non-compliant crypto platforms.

Her statements seem like a partial response to a Feb. 6 letter from 4 Republican lawmakers who search further info on the FSOC.

Yellen’s statements solely handle the difficulty broadly. The letter asks extra particular questions, together with whether or not the FSOC believes that Bitcoin (BTC) and Ethereum (ETH) are usually not securities, and whether or not it believes that the Commodity Futures Buying and selling Committee (CFTC) ought to have its authority expanded to identify markets for non-securities crypto property. The letter requests a response by Feb. 20.

Lawmakers assist different laws

4 Republican lawmakers and Home members signed the letter to Yellen: Patrick McHenry, Glenn Thompson, French Hill, and Dusty Johnson.

These lawmakers acknowledged of their letter that the FSOC has recognized a scarcity of regulatory oversight in sure areas, together with round digital property that aren’t thought of securities. However though the FSOC has recognized these gaps, it has “did not facilitate an atmosphere that ensures shopper safety and fosters digital asset innovation,” a press launch from lawmakers famous.

Republican lawmakers as an alternative advocated for laws known as the Monetary Innovation and Know-how Act for the twenty first Century (FIT21), which goals to determine clear roles for federal regulators in addition to buyer protections.

Although FIT21’s authors are Republican, the invoice handed out of committee with bipartisan assist throughout a mid-2023 vote. The invoice is notably supported by Coinbase CEO Brian Armstrong and The Blockchain Affiliation.



Source link

Tags: CongressCryptolawsregulatedSecretarysecuritiesTreasuryU.S
Previous Post

Ethereum Classic Price Prediction for Today, February 6 – ETC Technical Analysis

Next Post

Taproot Wizards’ New Bitcoin NFTs Already Trading at Twice the Initial Sale Price

Related Posts

JPMorgan Chase gives customers direct access to Coinbase for crypto purchases, rewards
Crypto Exchanges

JPMorgan Chase gives customers direct access to Coinbase for crypto purchases, rewards

30 July 2025
What You Should Know Before Investing in Tokenized Assets | eToro
Crypto Exchanges

What You Should Know Before Investing in Tokenized Assets | eToro

29 July 2025
BlackRock’s ETHA becomes 4th-largest ETF by 30‑day inflows as Ethereum funds aim for $10B
Crypto Exchanges

BlackRock’s ETHA becomes 4th-largest ETF by 30‑day inflows as Ethereum funds aim for $10B

29 July 2025
Year of the stablecoin: The GENIUS Act, Wall Street, and the dollar’s digital leap
Crypto Exchanges

Year of the stablecoin: The GENIUS Act, Wall Street, and the dollar’s digital leap

27 July 2025
Nigeria SEC welcomes stablecoin innovation while ensuring compliance
Crypto Exchanges

Nigeria SEC welcomes stablecoin innovation while ensuring compliance

26 July 2025
What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples
Crypto Exchanges

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

25 July 2025
Next Post
Taproot Wizards’ New Bitcoin NFTs Already Trading at Twice the Initial Sale Price

Taproot Wizards' New Bitcoin NFTs Already Trading at Twice the Initial Sale Price

Introducing the EPF Study Group | Ethereum Foundation Blog

Introducing the EPF Study Group | Ethereum Foundation Blog

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

2 July 2025
Live Best Meme Coins Updates Today: TOKEN6900 Presale Begins with Promises of 1000x, SEC Approves First-Ever ETF with Bitcoin, Ethereum, XRP, and More…

Live Best Meme Coins Updates Today: TOKEN6900 Presale Begins with Promises of 1000x, SEC Approves First-Ever ETF with Bitcoin, Ethereum, XRP, and More…

2 July 2025
Ethereum Big Players Are Returning As Whale Wallets See Notable Growth | Bitcoinist.com

Ethereum Big Players Are Returning As Whale Wallets See Notable Growth | Bitcoinist.com

30 July 2025
7 Trusted Free Crypto Cloud Mining Platforms to Earn Bitcoin & Dogecoin in 2025

7 Trusted Free Crypto Cloud Mining Platforms to Earn Bitcoin & Dogecoin in 2025

30 July 2025
Bitcoin Net Realized Profit Drops To $1.4B As Market Absorbs Galaxy’s 80K BTC Distribution | Bitcoinist.com

Bitcoin Net Realized Profit Drops To $1.4B As Market Absorbs Galaxy’s 80K BTC Distribution | Bitcoinist.com

30 July 2025
JPMorgan and Coinbase Bring Crypto to Cards and Rewards

JPMorgan and Coinbase Bring Crypto to Cards and Rewards

30 July 2025
Shiba Inu Bearish Reversal Setup Says Dump Below $0.000013 Is Coming | Bitcoinist.com

Shiba Inu Bearish Reversal Setup Says Dump Below $0.000013 Is Coming | Bitcoinist.com

30 July 2025
Ethereum sets sight on becoming the ‘global computer’ in the next 10 years

Ethereum sets sight on becoming the ‘global computer’ in the next 10 years

30 July 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$117,189.00-0.27%
  • ethereumEthereum(ETH)$3,778.610.37%
  • rippleXRP(XRP)$3.11-0.27%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$786.86-2.05%
  • solanaSolana(SOL)$176.93-2.27%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$3,773.890.05%
  • dogecoinDogecoin(DOGE)$0.219080-0.86%
  • tronTRON(TRX)$0.327652-2.08%