# Toomey drafts bill to exempt stablecoins from securities regulations

# Toomey drafts bill to exempt stablecoins from securities regulations

” Toomey drafts bill to exempt stablecoins from securities regulations “ Republican Senator Pat Toomey, the ranking member for the Senate Banking Committee, has drafted a bill proposing a regulatory framework for stablecoins in the United States. According to a draft released Wednesday, the ‘Stablecoin Transparency of Reserves and Uniform Safe Transactions Act’, otherwise known…

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# Yellen alleges crypto has not been used for significant Russian sanctions evasion so far

# Yellen alleges crypto has not been used for significant Russian sanctions evasion so far

” Yellen alleges crypto has not been used for significant Russian sanctions evasion so far “ United States Treasury Secretary Janet Yellen told the House Financial Services Committee on Wednesday that her department is not seeing significant use of cryptocurrencies to evade sanctions placed on Russian oligarchs and government agencies. Yellen was asked repeatedly about digital asset…

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# President Biden is preparing to announce picks for SEC commissioners: Report

# President Biden is preparing to announce picks for SEC commissioners: Report

” President Biden is preparing to announce picks for SEC commissioners: Report “ United States President Joe Biden is reportedly planning to nominate two commissioners to the Securities and Exchange Commission with different political party affiliations. According to a Wednesday report from the Wall Street Journal, Biden is considering Democrat Jaime Lizárraga, a staffer for…

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# ProShares files with SEC for Short Bitcoin Strategy ETF

# ProShares files with SEC for Short Bitcoin Strategy ETF

” ProShares files with SEC for Short Bitcoin Strategy ETF “ Exchange-traded funds issuer ProShares has filed a registration statement with the United States Securities and Exchange Commission to list shares of a Short Bitcoin Strategy ETF. In a Tuesday filing, ProShares applied with the SEC for an investment vehicle that would allow users to…

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# US lawmakers introduce companion bill to ‘mitigate risks’ from El Salvador’s Bitcoin Law

# US lawmakers introduce companion bill to ‘mitigate risks’ from El Salvador’s Bitcoin Law

” US lawmakers introduce companion bill to ‘mitigate risks’ from El Salvador’s Bitcoin Law “ Two members of the House of Representatives have introduced legislation aimed at mitigating the risks to the United States financial system due to El Salvador adopting Bitcoin as legal currency. In a Monday announcement, California Representative Norma Torres and Arkansas…

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# SEC chair: retail crypto investors should be protected

# SEC chair: retail crypto investors should be protected

” SEC chair: retail crypto investors should be protected “ Gary Gensler, chair of the United States Securities and Exchange Commission, said the agency’s protections that apply to investors of traditional assets should extend to those in the crypto market. In prepared remarks released Monday for the Penn Law Capital Markets Association Annual Conference, Gensler…

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