DSG Crypto Regulatory Roundup: August 2023
International Bodies Singapore’s Central Bank Releases Stablecoin Regulatory Framework: Stablecoins must hold minimum base capital 1 million Singapore dollars ($740,000) and provide redemption within no more than five business days of a request. More here. Indian PM Modi Calls for Global Cryptocurrency Framework at G20 Summit: Indian Prime Minister Narendra Modi …
Read MoreDSG Crypto Regulatory Roundup: July 2023
International First Bitcoin Futures Contract Debuts in Argentina: Argentina welcomed its first Bitcoin futures contract on July 13, just three months after the country’s securities watchdog approved the underlying index as part of a strategic innovation agenda. More here. United States U.S. Stablecoin Bill Takes Big Step Despite Fight from …
Read MoreHouse Financial Services Hearing
On July 18, the House Financial Services Committee Subcommittee on Capital Markets held a hearing entitled “Oversight of the SEC’s Division of Corporation Finance.” The sole witness in the hearing was Erik Gerding, Director, Division of Corporation Finance, Securities and Exchange Commission (SEC). Below are some high-level takeaways on some of …
Read MoreHouse Financial Services Committee Hearing
On July 13, the House Financial Services Committee held a hearing entitled “Protecting Investor Interests: Examining Environmental and Social Policy in Financial Regulation.” Witnesses in the hearing were: James Copland, Senior Fellow, Manhattan Institute Benjam Zycher, Senior Fellow, American Enterprise Institute Lawrence Cunningham, Special Counsel, Mayer Brown Ted Allen, Vice …
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