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🚨A new #BILL to regulate #Stablecoins has been introduced in the United States 🇺🇸
#Write2Earn #usa #regulate
🚨A new #BILL to regulate #Stablecoins has been introduced in the United States 🇺🇸
#Write2Earn #usa #regulate
Gary Gensler’s Time as SEC Chair and His Battle with Crypto is Coming to an End 🤩
As Gary Gensler’s tenure as chair of the U.S. Securities and Exchange Commission (#SEC ) approaches its conclusion, his steadfast opposition to the crypto industry stands out.
Gensler has been a controversial figure, using existing securities laws to #regulate digital assets through enforcement rather than new legislation. His time at the SEC may end soon depending on the outcome of the 2024 presidential election, as tradition dictates SEC chairs step down when the opposing party takes power.
However, Gensler could continue influencing crypto regulation as a commissioner. His legacy is marked by battles with #crypto companies and legislators, some accusing him of hindering innovation. Regardless, Gensler’s actions have undeniably shaped the regulatory landscape, with ongoing court cases and potential new laws set to define the future of U.S. crypto policy.
What do you think? 🤔
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#Binance
#crypto2024
As Gary Gensler’s tenure as chair of the U.S. Securities and Exchange Commission (#SEC ) approaches its conclusion, his steadfast opposition to the crypto industry stands out.
Gensler has been a controversial figure, using existing securities laws to #regulate digital assets through enforcement rather than new legislation. His time at the SEC may end soon depending on the outcome of the 2024 presidential election, as tradition dictates SEC chairs step down when the opposing party takes power.
However, Gensler could continue influencing crypto regulation as a commissioner. His legacy is marked by battles with #crypto companies and legislators, some accusing him of hindering innovation. Regardless, Gensler’s actions have undeniably shaped the regulatory landscape, with ongoing court cases and potential new laws set to define the future of U.S. crypto policy.
What do you think? 🤔
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
Withdrawals from KuCoin Soar to $1 Billion in Crypto During US Regulatory Crackdown 🪧
Crypto exchange KuCoin experienced over $1 billion in withdrawals over the past 24 hours, with assets under management (AUM) slumping 20%. 📉
The exchange experienced $1.083 billion in outflows via Ethereum Virtual Machine-compatible (EVM) chains, and only $144 million of inflows. 🔥
Net outflows on the Ethereum network reached $840 million, a 15% drop in assets held by the exchange. 💧
The withdrawal surge occurred as the exchange and two of its founders were charged with violating anti-money laundering laws by U.S. federal prosecutors. 🕵️♂️
Some users complained about delays in withdrawals, spurring concerns about the exchange's health. KuCoin stated that the exchange is operating well and the assets of its users are safe. 💸
#BTC #kucoin #regulate #usa
Crypto exchange KuCoin experienced over $1 billion in withdrawals over the past 24 hours, with assets under management (AUM) slumping 20%. 📉
The exchange experienced $1.083 billion in outflows via Ethereum Virtual Machine-compatible (EVM) chains, and only $144 million of inflows. 🔥
Net outflows on the Ethereum network reached $840 million, a 15% drop in assets held by the exchange. 💧
The withdrawal surge occurred as the exchange and two of its founders were charged with violating anti-money laundering laws by U.S. federal prosecutors. 🕵️♂️
Some users complained about delays in withdrawals, spurring concerns about the exchange's health. KuCoin stated that the exchange is operating well and the assets of its users are safe. 💸
#BTC #kucoin #regulate #usa
Malaysia Eyes Digital Finance Revolution: PM Anwar Teams Up with Binance and UAE 🤩
Prime Minister Datuk Seri Anwar Ibrahim announced Malaysia’s intention to formulate a policy on digital finance, potentially recognizing cryptocurrency and blockchain technology. Discussions with Abu Dhabi leaders and Binance co-founder Changpeng Zhao emphasized collaboration and the need to modernize Malaysia’s financial system.
Anwar highlighted the UAE’s leadership in the field and stressed the importance of moving quickly to avoid being left behind. A comprehensive study involving Malaysia’s Treasury, Securities Commission, and Bank Negara will support the initiative, aiming to #regulate and safeguard public interest while fostering innovation.
This is bullish!
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#Binance
#crypto2025
Prime Minister Datuk Seri Anwar Ibrahim announced Malaysia’s intention to formulate a policy on digital finance, potentially recognizing cryptocurrency and blockchain technology. Discussions with Abu Dhabi leaders and Binance co-founder Changpeng Zhao emphasized collaboration and the need to modernize Malaysia’s financial system.
Anwar highlighted the UAE’s leadership in the field and stressed the importance of moving quickly to avoid being left behind. A comprehensive study involving Malaysia’s Treasury, Securities Commission, and Bank Negara will support the initiative, aiming to #regulate and safeguard public interest while fostering innovation.
This is bullish!
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2025
🚨 🇬🇭GHANA TO #REGULATE CRYPTO BY 2025
🔹Central Bank Announcement: The Bank of Ghana (BOG) plans to regulate cryptocurrency and related platforms by September 2025.
🔹Establishing a dedicated digital assets unit and passing the Virtual Asset Providers Act.
🔹This is a shift from the 2018 stance when the BOG warned against cryptocurrency usage.
🔹Broader Impact: Part of broader efforts to enhance US-Africa trade, focusing on financial system resilience and risk mitigation.
-Bitcoin.com
$ETH $BTC
🔹Central Bank Announcement: The Bank of Ghana (BOG) plans to regulate cryptocurrency and related platforms by September 2025.
🔹Establishing a dedicated digital assets unit and passing the Virtual Asset Providers Act.
🔹This is a shift from the 2018 stance when the BOG warned against cryptocurrency usage.
🔹Broader Impact: Part of broader efforts to enhance US-Africa trade, focusing on financial system resilience and risk mitigation.
-Bitcoin.com
$ETH $BTC
🚨🇰🇬 KYRGYZSTAN LAUNCHES GOLD-BACKED STABLECOIN
🔹 USDKG: A stablecoin backed by gold reserves
🔹 Aims to provide financial security & transparency
🔹 Positioned as a stable alternative to El Salvador’s Bitcoin experiment
- Cointelegraph $BTC
🔹 USDKG: A stablecoin backed by gold reserves
🔹 Aims to provide financial security & transparency
🔹 Positioned as a stable alternative to El Salvador’s Bitcoin experiment
- Cointelegraph $BTC
Crypto Regulation: The Key to a Safer Digital Future
#CryptoRegulation " data-hashtag="#CryptoRegulation" class="tag">#CryptoRegulation
As #cryptocurrency " data-hashtag="#cryptocurrency" class="tag">#cryptocurrency continues to reshape the global economy, governments and financial bodies are stepping in to bring regulation to the digital frontier.
Why #regulate #crypto ?
Without oversight,#CryptoRegulation " data-hashtag="#CryptoRegulation" class="tag">#CryptoRegulation can be a haven for fraud, money laundering, and market manipulation. Smart regulation ensures transparency, security, and consumer protection, making the crypto world safer for both new investors and seasoned traders.
$BTC
But it's a delicate balance. Overregulation might stifle innovation, while too little control invites chaos. The goal is a clear, fair legal framework that fosters growth while protecting users.
$XRP
Countries like the US, UK, and India are working on crypto bills, aiming to create global standards. Meanwhile, the European Union’s MiCA law is already setting benchmarks for responsible #CryptoRegulation " data-hashtag="#CryptoRegulation" class="tag">#CryptoRegulation crypto use.
In the end, regulated crypto means more trust, wider adoption, and a brighter digital future.
$ETH
As #cryptocurrency " data-hashtag="#cryptocurrency" class="tag">#cryptocurrency continues to reshape the global economy, governments and financial bodies are stepping in to bring regulation to the digital frontier.
Why #regulate #crypto ?
Without oversight,#CryptoRegulation " data-hashtag="#CryptoRegulation" class="tag">#CryptoRegulation can be a haven for fraud, money laundering, and market manipulation. Smart regulation ensures transparency, security, and consumer protection, making the crypto world safer for both new investors and seasoned traders.
$BTC
But it's a delicate balance. Overregulation might stifle innovation, while too little control invites chaos. The goal is a clear, fair legal framework that fosters growth while protecting users.
$XRP
Countries like the US, UK, and India are working on crypto bills, aiming to create global standards. Meanwhile, the European Union’s MiCA law is already setting benchmarks for responsible #CryptoRegulation " data-hashtag="#CryptoRegulation" class="tag">#CryptoRegulation crypto use.
In the end, regulated crypto means more trust, wider adoption, and a brighter digital future.
$ETH
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