Regulations, CBDCs, and Crypto Law - It's All Happening.
Summary
Major Headlines
Can Goldman Sachs CEO Bring Bonds to the Blockchain?
Can blockchain bonds *really* be Goldman Sachs’ successful crypto product offering? Not really, at this rate.
This week, David Solomon, the chairman and CEO of investment bank Goldman Sachs, dropped an?opinion piece?in the Wall Street Journal, titled “Blockchain is Much More Than Crypto”.? Read what it said . . .?
US SEC is Already Well-Staffed to Tackle Crypto, According to Chairman?
?In an interview earlier this week, Gensler said that his agency has the basic disclosure and governance requirements in order to take action towards crypto firms accountable for crimes. Read more. . .
Why are SushiSwap Stakers Switching to Other DeFi Projects
In order to respond to the bear market, SushiSwap implemented drastic changes that are causing stakers to leave. Read more. . .
Divided Politics May Bring Faster Crypto Regulation in the US?
While the US midterm elections are over, regulating forces are still keeping crypto under close watch. 2022 marked a year where governments are drawing closer attention to the crypto industry, as many companies failed, and may have brought upon market disaster – all due to the lack of regulatory oversight. Read more. . .
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Paraguay Ditches Crypto Law Plans
Paraguay has a reputation amongst Bitcoin miners, as its cheap electricity rates are attractive to maintain business. Just as Paraguay was about to become a “Bitcoin mining paradise”, lawmakers withdrew original plans. Read more. . .
Biden’s Crypto Executive Order: A 6-Month Overview
Six months ago, US President Joe Biden signed an executive order that speaks about how the US “must maintain technological leadership in this rapidly growing space,” and would have to study the impact that crypto has on the American market.
The executive order was intended to set the stage for regulatory clarity for crypto within the US and ordered various firms and government agencies to conduct investigations and research within the industry to progress the prospect of establishing further crypto laws.?
Here's a 6-month overview of Biden’s executive order on crypto.
GameStop Slashes Its Staff Numbers Including Crypto Team?
In response to the unsuccessful NFT, Gamestop began a layoff season which included the crypto team. ?Read more. . .
Pakistan Gears Up to Launch CBDC by 2025
Pakistan’s State Bank first announced that they were working on a CBDC in April 2019. In the announcement, the SBP stated that they hope to promote economic inclusion, efficiency, and combat corruption within the state’s financial systems. Read more. . .
Goldman Sachs sets Sights on Crypto Firms Post-FTX
Goldman Sachs executive Mathew McDermott announced that the leading investment banking?firm is reportedly looking into buying out crypto firms after the FTX collapse. Mathew McDermott, an executive at Goldman Sachs,?reportedly said?that big banks – including Goldman Sachs – are seeing...read more