Rep. Waters proposes stablecoin rules, federal oversight
Both House Republicans and Democrats have introduced proposals to regulate U.S. stablecoins, signaling that the sector is a legislative priority under President Donald Trump. Maxine Waters, the ranking Democrat on the House Financial Services Committee, published a proposal for stablecoin oversight through federal watchdogs such as the Office of the Comptroller of the Currency, the […]
Hong Kong’s SFC ramps up crypto oversight with new staff
Hong Kong’s SFC is hiring more crypto regulators, aiming to strengthen market surveillance and speed up exchange approvals. Hong Kong is doubling down on its ambition to become a global crypto hub, with its securities regulator proposing an expansion of its crypto oversight team. The city’s Securities and Futures Commission has proposed increasing its staff, […]
Indonesian FSA crypto oversight transition stalled due to lack of government bill: report
The transition of crypto asset oversight in Indonesia from the Commodity Futures Trading Agency to the Financial Services Authority is reportedly facing delays due to a lack of supporting government regulation. According to a recent report by Jakarta Globe, the transition of crypto asset supervisory authority from the previous agency, Bappebti under the Ministry of […]
China tightens crypto trade oversight with new Forex rules
China’s new forex rules require Chinese banks to track identity, fund sources, and trading frequencies to curb cross-border crypto activities. Source link
Stablecoins on shaky ground? US council calls on Congress to enact crypto oversight
The Financial Services Oversight Council (FSOC) is urging Congress to pass legislation that establishes a comprehensive federal framework for regulating stablecoin issuers. A government organization — established by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 — published a report on Friday, Dec. 6, detailing what it perceives as a growing threat […]
