U.S. Senator Cynthia Lummis introduced Bill ‘BITCOIN Act of 2024’: Strategic Bitcoin Reserve to Revolutionize National Financial Security

by Theresa Joy Lacatan | Aug 5, 2024 | Blog News, Crypto News

On 5 August 2024, the United States Senator Cynthia Lummis is set to introduce the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2024,” popularly known as the BITCOIN Act of 2024 in the second session...

CFTC Grants Exemptions to Singapore-Based FMX Securities and LMAX Pte. Ltd. from SEF Registration Requirements

by Theresa Joy Lacatan | Aug 5, 2024 | Blog News, Crypto News

On 2 August 2024, the Commodity Futures Trading Commission (CFTC) announced the unanimous approval of an amended order exempting two recognized market operators (RMOs) in Singapore from the swap execution facility (SEF) registration requirements. The RMOs receiving...

SEC Proposes Joint Data Standards to Enhance Financial Transparency

by Theresa Joy Lacatan | Aug 5, 2024 | Blog News, Crypto News

On 2 August 2024, the Securities and Exchange Commission (SEC) announced a proposal for joint data standards under the Financial Data Transparency Act of 2022. This initiative aims to establish technical standards for data submitted to various financial regulatory...

Latvijas Banka Published Financial Stability Report 2024: Talks about Cryptocurrency Regulations

by Theresa Joy Lacatan | Aug 5, 2024 | Blog News, Crypto News

On 26 July 2024, Latvijas Banka published its Financial Stability Report, offering a comprehensive analysis of Latvia’s financial system. The report addresses key areas such as the macrofinancial environment, the real estate market, credit institution sector...

MAS Highlights Sustainable Governance at Singapore Governance and Transparency Forum

by Theresa Joy Lacatan | Aug 3, 2024 | Blog News, Crypto News

On 1 August 2024, Mr. Lim Tuang Lee, Assistant Managing Director (Capital Markets Group) at the Monetary Authority of Singapore (MAS), addressed the Singapore Governance and Transparency Forum, highlighting the critical importance of sustainable governance. Mr. Lim...

Coinbase Faces Legal Scrutiny Over Alleged $25 Million Campaign Finance Violation Amid Federal Contract Bidding

by Theresa Joy Lacatan | Aug 3, 2024 | Blog News, Crypto News

On 30 July 2024, Coinbase came under scrutiny following allegations that it violated campaign finance laws by making a $25 million donation to the Fairshake super political action committee (PAC) while bidding for a federal government contract. These claims were...