Lummis, who sits on the Senate Banking committee, wants nothing short of full normalization for digital assets in the U.S., the aide said. Her upcoming bill will propose doing just that with federal rules for stablecoins, consumer protection provisions and updated taxation guidance, as well as the new watchdog: a self-regulatory organization administered by the executive … [Read more...] about Lummis to Propose New Crypto Regulator, Clear Guidance in 2022 Bill
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Japan’s financial regulators may propose legislation in 2022 restricting stablecoin issuance
According to The Nihon Keizai Shimbun (Nikkei), one of the world's largest financial newspapers and the entity behind the Nikkei 225 stock index, Japan's Financial Services Agency, or FSA, will propose legislation next year restricting stablecoin issuance to only bank and wire transfer companies. Theoretically, this would prevent entities such as Tether (USDT), which does not … [Read more...] about Japan’s financial regulators may propose legislation in 2022 restricting stablecoin issuance
Parity Technologies to propose parachain governance framework for Polkadot
Parity Technologies, the company behind Polkadot, is planning to roll out a new parachain governance framework that could enhance the use case of the network. “Statemint” is the first proposed common-good parachain for the Polkadot network, Parity Technologies announced Tuesday. A common-good parachain is a parachain that’s granted slots via governance as opposed to the auction … [Read more...] about Parity Technologies to propose parachain governance framework for Polkadot