Senate backs crypto sanctions bill refinement to combat terrorism
Sen. Mark Warner (D-VA) supports refining the crypto sanctions bill in the FY 2025 NDAA to prevent terrorist organizations from using digital assets to evade sanctions. Similarly, the European Banking Authority issued technical standards and guidelines under MiCAR to address prudential requirements, including own funds, liquidity, and recovery plans.
The BSV Blockchain Gazette is presented by Bryan Daugherty, Public Affairs Director of Americas for BSV Blockchain, featuring:
US
Sen. Warner Open to Narrowing Crypto Sanctions Legislation to Prevent Terrorist Abuse
Sen. Mark Warner (D-VA) told reporters that he is open to narrowing the crypto sanctions legislation he is trying to have included in the FY 2025 NDAA, but argued that the bill must ensure that terrorist organizations cannot use digital assets to evade sanctions.
Lawmakers Debate Tokenization: A Valuable Use of Blockchain or a Regulatory Loophole?
In interviews with Politico, Reps. French Hill (R-AR) and Ritchie Torres (D-NY) advocated for tokenization as an important use of blockchain. Conversely, Rep. Brad Sherman (D-CA) argued that Congress must prevent tokenization from being used to create a system to avoid know-your-customer and anti-money laundering laws.
Rep. Auchincloss Discusses Digital Assets, Votes on FIT 21, and Skepticism on CBDCs?
Rep. Jake Auchincloss (D-MA) discussed digital assets in an interview with Blockchain Tipsheet, explaining why he voted for FIT 21 and the resolution to overturn SEC SAB 121. He also voiced skepticism surrounding CBDCs."
Terraform Labs and Do Kwon Settle with SEC for $4.47 Billion Over Collapse Lawsuit?
Terraform Labs agreed to pay the SEC $4.47 billion to resolve the agency’s lawsuit over the firm’s collapse. Do Kwon also agreed to settle with the SEC and pay $204 million. The SEC wrote a letter to US District Judge Jed Rakoff urging approval of the settlement, arguing that it “would ensure the maximal return of funds to harmed investors and put Terraform out of business for good.
SEC Urges Court Not to Stay Case Against Geosyn Mining LLC for Securities Fraud?
The SEC asked US District Judge Mark Pittman not to stay its case accusing crypto asset mining and hosting company Geosyn Mining LLC of securities fraud, arguing that the judge’s concerns about other pending cases creating “moving-target precedents” were unfounded.
EU/UK
EBA Releases Technical Standards Under MiCAR for Prudential Matters
The European Banking Authority (EBA) published a package of technical standards and guidelines under MiCAR on prudential matters, including own funds, liquidity requirements, and recovery plans.
European Commission Selects 20 Use Cases for Blockchain Sandbox Cohort?
The European Commission announced the 20 use cases selected for the second cohort of the European Blockchain Sandbox.
NHS Chief Raises Alarm Over Youth Gambling Addiction on Unregulated Crypto Markets?
In a speech, the UK’s National Health Service (NHS) chief, Amanda Pritchard, expressed concern with an uptick in young people getting addicted to gambling on unregulated crypto markets.
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Sen. Mark Warner (D-VA) supports refining the crypto sanctions bill in the FY 2025 NDAA to prevent terrorist organizations from using digital assets to evade sanctions. Similarly, the European Banking Authority issued technical standards and guidelines under MiCAR to address prudential requirements, including own funds, liquidity, and recovery plans.
The BSV Blockchain Gazette is presented by Bryan Daugherty, Public Affairs Director of Americas for BSV Blockchain, featuring:
US
Sen. Warner Open to Narrowing Crypto Sanctions Legislation to Prevent Terrorist Abuse
Sen. Mark Warner (D-VA) told reporters that he is open to narrowing the crypto sanctions legislation he is trying to have included in the FY 2025 NDAA, but argued that the bill must ensure that terrorist organizations cannot use digital assets to evade sanctions.
Lawmakers Debate Tokenization: A Valuable Use of Blockchain or a Regulatory Loophole?
In interviews with Politico, Reps. French Hill (R-AR) and Ritchie Torres (D-NY) advocated for tokenization as an important use of blockchain. Conversely, Rep. Brad Sherman (D-CA) argued that Congress must prevent tokenization from being used to create a system to avoid know-your-customer and anti-money laundering laws.
Rep. Auchincloss Discusses Digital Assets, Votes on FIT 21, and Skepticism on CBDCs?
Rep. Jake Auchincloss (D-MA) discussed digital assets in an interview with Blockchain Tipsheet, explaining why he voted for FIT 21 and the resolution to overturn SEC SAB 121. He also voiced skepticism surrounding CBDCs."
Terraform Labs and Do Kwon Settle with SEC for $4.47 Billion Over Collapse Lawsuit?
Terraform Labs agreed to pay the SEC $4.47 billion to resolve the agency’s lawsuit over the firm’s collapse. Do Kwon also agreed to settle with the SEC and pay $204 million. The SEC wrote a letter to US District Judge Jed Rakoff urging approval of the settlement, arguing that it “would ensure the maximal return of funds to harmed investors and put Terraform out of business for good.
SEC Urges Court Not to Stay Case Against Geosyn Mining LLC for Securities Fraud?
The SEC asked US District Judge Mark Pittman not to stay its case accusing crypto asset mining and hosting company Geosyn Mining LLC of securities fraud, arguing that the judge’s concerns about other pending cases creating “moving-target precedents” were unfounded.
EU/UK
EBA Releases Technical Standards Under MiCAR for Prudential Matters
The European Banking Authority (EBA) published a package of technical standards and guidelines under MiCAR on prudential matters, including own funds, liquidity requirements, and recovery plans.
European Commission Selects 20 Use Cases for Blockchain Sandbox Cohort?
The European Commission announced the 20 use cases selected for the second cohort of the European Blockchain Sandbox.
NHS Chief Raises Alarm Over Youth Gambling Addiction on Unregulated Crypto Markets?
In a speech, the UK’s National Health Service (NHS) chief, Amanda Pritchard, expressed concern with an uptick in young people getting addicted to gambling on unregulated crypto markets.
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