Recent discussions between House leaders and Senate Majority Leader Chuck Schumer suggest that action on stablecoin legislation may be imminent. House Financial Services Chair Patrick McHenry and ranking member Maxine Waters met with Schumer to deliberate on the regulatory clarity needed in the area of financial technology. According to reports, there is a possibility that
Regulation
In the realm of blockchain technology, the question of whether to reveal or not to reveal data is becoming increasingly complex. While the core principles of transparency and immutability are fundamental to the blockchain’s design, there is a growing concern regarding the control of personal data. It seems that a delicate balance must be struck
Tax crimes involving cryptocurrency are on the rise, according to IRS criminal investigation chief Guy Ficco. Ficco highlighted a surge in what he referred to as “pure crypto tax crimes” falling under Title 26 of the US Code, which deals with federal income tax violations. These crimes include failure to report income from crypto sales
The recent issuance of a Wells notice by the US SEC to Uniswap Labs has raised concerns within the crypto community. Hayden Adams, the founder of Uniswap, expressed his feelings about the SEC’s warning on social media. While Adams seemed unfazed by the notice, stating, “I’m not surprised. Just annoyed, disappointed, and ready to fight,”
The European Securities and Markets Authority (ESMA) recently issued a warning about the high level of concentration in the crypto markets. According to ESMA, this concentration poses a significant risk to the overall stability of the market. The agency highlighted the fact that a failure of a single asset or exchange could have far-reaching consequences
