Tag: oversight
You Can’t Trust Crypto Firms Until They Get Federal Oversight
“We won't be able to know which players are trustworthy and which aren't until a credible third party, like a consolidated home country supervisor, ca [...]
China’s Hainan to boost NFT oversight as digital yuan trial ramps
Authorities from the Hainan province in southern China have vowed to increase oversight on the nonfungible token (NFT) sector to “promote the healthy [...]
Fed policy to align bank oversight could limit crypto activities by state banks
The United States Federal Reserve Board announced Jan. 27 that it was issuing a policy statement on limitations on banks. The policy seeks to create a [...]
CFTC’s Johnson urges Congress for expanded powers in crypto oversight
Commodity Futures Trading Commission (CFTC) Commissioner Kristin Johnson has urged Congress to adopt legislation that "closes the current gap in the o [...]
Sens. Warren, Wyden question quality of auditors’ oversight in light of FTX debacle
Two United States senators have taken their questions about the performance of the accounting firms active in the crypto space to a higher power – the [...]
Right-Wing Trump Allies Win Seats on Oversight, Reflecting G.O.P. Priorities
Some of the former president’s most outspoken defenders will sit on the House’s main investigative committee, underscoring their high-profile roles in [...]
US Financial Stability Oversight Council urges congressional action on crypto
Officials with the United States Financial Stability Oversight Council, or FSOC, have recommended U.S. lawmakers pass legislation aimed at addressing [...]
Canadian Securities Regulators to Strengthen Crypto Oversight After FTX Collapse
"If a platform currently subject to securities legislation in Canada does not deliver a PRU to its principal regulator or cease operating, the CSA wil [...]
House Oversight Committee accuses oil companies of ‘lying’ about climate actions
Democrats over the past two years have accused the oil industry of undermining the clean energy transition while asking it to increase production as [...]
SEC chair’s crypto oversight strategy in question as ecosystems collapse
While regulations are often aimed at protecting citizens from bad actors, the effectiveness of crypto regulations in the United States is in question [...]
Health of FTX’s US Derivatives Arm Owed to Oversight, Says CFTC Chief Behnam
As for the CFTC’s enforcement powers, when Behnam was asked whether the agency would take action against FTX, he said he couldn’t comment on specific [...]
Crypto Oversight Should Resemble Traditional Bank Rules, Fed Official Says
"We plan to work with other bank regulatory agencies to ensure that crypto activity inside banks is well regulated, based on the principle of same ris [...]
US Senate Bill Will Give CFTC Crypto Market Oversight – But Doesn’t Say How Much
“Right now, there's really a patchwork of state regulations and no federal agency to conduct oversight over the cryptocurrencies, and we know that nee [...]
In wake of Terra collapse, South Korea plans new crypto oversight committee: Report
The Terra ecosystem’s rise and fall has had major consequences all around the world, but there’s no doubt that South Korea, the birthplace of its’ cre [...]
U.S. Senators Lummis and Gillibrand Set to Propose Crypto Oversight Bill Next Month
“We are truly committed to creating the type of baseline and framework legislation that will allow this industry to grow, allow it to flourish,” said [...]