DSG Crypto Regulatory Roundup: May 2024
DSG Crypto Regulatory Roundup: May 2024 International Bodies Turkey Proposes Aligning Crypto Legislation with International Standards: The Turkish ruling party submitted a draft crypto bill to the parliament on May 16 that focuses on licensing and registration for crypto service providers and aligns with internation standards. More here. United States …
Read MoreCFTC Open Meeting
On May 10, the Commodity Futures Trading Commission (CFTC) held a public meeting to consider the issuance of the Commission’s Proposed Rule regarding Event Contracts. The Commission approved the proposal by a 3-2 vote with an amendment related to staff delegated authority also approved. Although not all Commissioner’s statements have …
Read MoreHouse Passes FIT 21
On May 22, the House voted 279-136 to pass H.R. 4763 – Financial Innovation and Technology for the 21st Century Act (FIT 21). 208 Republicans and 71 Democrats voted for the bill. One amendment put forward by House Ag Committee Chairman GT Thompson (R-PA) was adopted in yesterday’s House Rules Committee meeting and …
Read MoreSenate Banking Committee Hearing
On May 16, the Senate Banking Committee held a hearing entitled “Oversight of U.S. Financial Regulators: Accountability and Financial Stability.” The witnesses in the hearing were: The Honorable Michael Barr, Vice Chair for Supervision, Federal Reserve The Honorable Martin Gruenberg, Chair, Federal Deposit Insurance Corporation Mr. Michael Hsu, Acting Comptroller, Office of the Comptroller …
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