稳定币法案
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Code Wars: Stablecoin Bill Raises New Challenges to Free Speech
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In the wave of digital currencies, stablecoins, as a cryptocurrency designed to reduce price volatility, are gradually becoming the forefront of financial innovation. However, as the U.S. Senate deliberates on a bill to regulate payment stablecoins, a new point of controversy has surfaced: the future of algorithmic stablecoins and their delicate connection with freedom of speech. This article will explore this topic, aiming to reveal the tension between freedom of speech and market regulation in the cryptocurrency industry.
Coin Center, an advocate in the cryptocurrency field, strongly warned against the provisions in the bill that would completely ban algorithmic stablecoins. They believe that code is not only a product of technology, but also an expression of ideas and innovation, and should be protected by the First Amendment of the Constitution. This position has triggered a reassessment of the necessity of regulatory policies, while also raising a key question: How can we ensure that the spark of innovation is not extinguished while protecting consumers and promoting financial stability?
In the wave of digital currencies, stablecoins, as a cryptocurrency designed to reduce price volatility, are gradually becoming the forefront of financial innovation. However, as the U.S. Senate deliberates on a bill to regulate payment stablecoins, a new point of controversy has surfaced: the future of algorithmic stablecoins and their delicate connection with freedom of speech. This article will explore this topic, aiming to reveal the tension between freedom of speech and market regulation in the cryptocurrency industry.
Coin Center, an advocate in the cryptocurrency field, strongly warned against the provisions in the bill that would completely ban algorithmic stablecoins. They believe that code is not only a product of technology, but also an expression of ideas and innovation, and should be protected by the First Amendment of the Constitution. This position has triggered a reassessment of the necessity of regulatory policies, while also raising a key question: How can we ensure that the spark of innovation is not extinguished while protecting consumers and promoting financial stability?
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JD.com joins hands with financial giants to cross over into the cryptocurrency field and open a new chapter in finance!
JD.com crosses over into a new era of finance: entering the cryptocurrency world
✨Shocking news! JD.com has officially entered the cryptocurrency field and joined hands with financial giants such as Standard Chartered Bank to jointly lead a new financial trend.
JD.com CoinChain Technology (Hong Kong) Co., Ltd. is listed in the list of participants in the stablecoin issuer sandbox announced by the Hong Kong Monetary Authority. Its cross-border move has undoubtedly dropped a bombshell on the financial market.
#币安7周年 #资讯前瞻 #新闻 #稳定币法案 #京东
JD.com joins hands with financial giants to cross over into the cryptocurrency field and open a new chapter in finance!
JD.com crosses over into a new era of finance: entering the cryptocurrency world
✨Shocking news! JD.com has officially entered the cryptocurrency field and joined hands with financial giants such as Standard Chartered Bank to jointly lead a new financial trend.
JD.com CoinChain Technology (Hong Kong) Co., Ltd. is listed in the list of participants in the stablecoin issuer sandbox announced by the Hong Kong Monetary Authority. Its cross-border move has undoubtedly dropped a bombshell on the financial market.
#币安7周年 #资讯前瞻 #新闻 #稳定币法案 #京东
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[Flash News] UK High Court Rules Tether (USDT) Is Property
Golden Finance reports that the British High Court has ruled that Tether (USDT) is property, the first ruling in British law on the treatment and status of cryptocurrencies after a full trial. The day before, the British government passed a bill aimed at clarifying that cryptocurrencies are "personal property" under property law.
The legal status of Tether (USDT) is a preliminary issue in a fraud case involving a victim whose stolen cryptocurrencies, including Tether, were resold through various crypto exchanges after passing through a crypto obfuscator.
High Court Associate Justice Richard Farnhill said in a September 12 ruling that USDT enjoys property rights under English law. The judge added that USDT is a "rather unique form of property that is not premised on underlying legal rights" and can be "the subject of tracking and can constitute trust property like other property," noting that from the same court Judging from the 2019 judgment that has not yet gone to trial, there is a "strong authority" that cryptocurrency is property, which is also consistent with the law of England and Wales.
#稳定币法案
Golden Finance reports that the British High Court has ruled that Tether (USDT) is property, the first ruling in British law on the treatment and status of cryptocurrencies after a full trial. The day before, the British government passed a bill aimed at clarifying that cryptocurrencies are "personal property" under property law.
The legal status of Tether (USDT) is a preliminary issue in a fraud case involving a victim whose stolen cryptocurrencies, including Tether, were resold through various crypto exchanges after passing through a crypto obfuscator.
High Court Associate Justice Richard Farnhill said in a September 12 ruling that USDT enjoys property rights under English law. The judge added that USDT is a "rather unique form of property that is not premised on underlying legal rights" and can be "the subject of tracking and can constitute trust property like other property," noting that from the same court Judging from the 2019 judgment that has not yet gone to trial, there is a "strong authority" that cryptocurrency is property, which is also consistent with the law of England and Wales.
#稳定币法案
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Bipartisan stablecoin bill proposed by US senators paves way for US FDIC insurance
The bill classifies payment stablecoins as user assets rather than assets owned by the issuer.
United States Senators Cynthia Lummis and Kirsten Gillibrand have jointly unveiled bipartisan legislation aimed at creating a clear regulatory framework for payment stablecoins, according to an April 17 statement.
The proposed bill, known as the Lummis-Gillibrand Payment Stablecoin Act, hopes to “protect consumers, promote innovation, and advance the dominance of the U.S. dollar while maintaining a dual banking system.”
Senator Lummis said of the bill:
“This bill preserves our dual banking system and puts in place guardrails to protect consumers and prevent illicit financial activity, while ensuring we don’t hinder innovation.”
United States Senators Cynthia Lummis and Kirsten Gillibrand have jointly unveiled bipartisan legislation aimed at creating a clear regulatory framework for payment stablecoins, according to an April 17 statement.
The proposed bill, known as the Lummis-Gillibrand Payment Stablecoin Act, hopes to “protect consumers, promote innovation, and advance the dominance of the U.S. dollar while maintaining a dual banking system.”
Senator Lummis said of the bill:
“This bill preserves our dual banking system and puts in place guardrails to protect consumers and prevent illicit financial activity, while ensuring we don’t hinder innovation.”
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Rumor has it that USDT is not compliant, or will it face delisting?
Recently, there have been rumors that USDT may withdraw from the European market because it does not comply with the new European regulations. This new regulation is called MiCA, which was introduced by the European Union to regulate the digital currency market.
Tether, the company that issues USDT, is trying to solve this problem. They plan to launch a new technical solution to meet European regulatory requirements. Tether said that this new solution will be customized according to the needs of the European market.
The news came after the Coinbase exchange announced a deadline. Coinbase said that by December 30, 2024, if the stablecoin does not comply with MiCA regulations, it will be delisted. However, this decision only affects Europe and other places are not affected.
In addition to Coinbase, there are other exchanges, such as OKX, Bitstamp and Uphold, which have also stopped serving EU non-compliant stablecoins in advance.
Paolo Ardoino, the boss of Tether, said that they are still discussing with regulators because some of the regulations of MiCA may bring risks to banks and digital assets. He said that if the requirements are too strict, it may cause banks and digital assets to be affected by large-scale withdrawals, just like Silicon Valley Bank before.
Although Tether feels that some of MiCA's regulations may bring challenges, they still appreciate EU regulators because these regulations contribute to the healthy development of the digital currency industry.
For investors, it is necessary to pay close attention to relevant developments, as this may affect the market value and liquidity of USDT. At the same time, this also sounded the alarm for the entire cryptocurrency industry. Compliance operations will be the key to future development. Only by meeting regulatory requirements can we gain a foothold in the market and continue to develop.
#稳定币法案 #MiCA法规 #coinbase $BTC
Recently, there have been rumors that USDT may withdraw from the European market because it does not comply with the new European regulations. This new regulation is called MiCA, which was introduced by the European Union to regulate the digital currency market.
Tether, the company that issues USDT, is trying to solve this problem. They plan to launch a new technical solution to meet European regulatory requirements. Tether said that this new solution will be customized according to the needs of the European market.
The news came after the Coinbase exchange announced a deadline. Coinbase said that by December 30, 2024, if the stablecoin does not comply with MiCA regulations, it will be delisted. However, this decision only affects Europe and other places are not affected.
In addition to Coinbase, there are other exchanges, such as OKX, Bitstamp and Uphold, which have also stopped serving EU non-compliant stablecoins in advance.
Paolo Ardoino, the boss of Tether, said that they are still discussing with regulators because some of the regulations of MiCA may bring risks to banks and digital assets. He said that if the requirements are too strict, it may cause banks and digital assets to be affected by large-scale withdrawals, just like Silicon Valley Bank before.
Although Tether feels that some of MiCA's regulations may bring challenges, they still appreciate EU regulators because these regulations contribute to the healthy development of the digital currency industry.
For investors, it is necessary to pay close attention to relevant developments, as this may affect the market value and liquidity of USDT. At the same time, this also sounded the alarm for the entire cryptocurrency industry. Compliance operations will be the key to future development. Only by meeting regulatory requirements can we gain a foothold in the market and continue to develop.
#稳定币法案 #MiCA法规 #coinbase $BTC
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What are the big Bitcoin investors betting on when they keep building positions above 50,000?
Betting on a rate cut? A rate cut does not have a big impact on the market, not as big as everyone believes.
Betting on Trump taking office? The ETF was already at this high before, and whether Trump takes office or not will not have much impact on the overall policy.
Betting on the Fed to create a bigger bubble economy in the crypto market. The big investors are basically betting on the Fed to create a century-long bubble here. Whether it is Wall Street or the native forces of cryptocurrency, the big guys from all sides are ready to gather together to join the stablecoin track. The growth of stablecoins is the water in the market. You can find these news at random. These top people are preparing to join the stablecoin track. They are all barking loudly, and they all want to make a stablecoin plate of 100 billion US dollars. The growth of stablecoins is the water in the market. As for when to end and how to take it, that is the market's business. These waters have not yet overflowed, but they are doing it, or preparing to do it. You can check the records. How big the bubble of stablecoin can be blown up depends on fate, brothers...
$BTC $ETH $SOL #稳定币交易数据 #稳定币法案
Betting on a rate cut? A rate cut does not have a big impact on the market, not as big as everyone believes.
Betting on Trump taking office? The ETF was already at this high before, and whether Trump takes office or not will not have much impact on the overall policy.
Betting on the Fed to create a bigger bubble economy in the crypto market. The big investors are basically betting on the Fed to create a century-long bubble here. Whether it is Wall Street or the native forces of cryptocurrency, the big guys from all sides are ready to gather together to join the stablecoin track. The growth of stablecoins is the water in the market. You can find these news at random. These top people are preparing to join the stablecoin track. They are all barking loudly, and they all want to make a stablecoin plate of 100 billion US dollars. The growth of stablecoins is the water in the market. As for when to end and how to take it, that is the market's business. These waters have not yet overflowed, but they are doing it, or preparing to do it. You can check the records. How big the bubble of stablecoin can be blown up depends on fate, brothers...
$BTC $ETH $SOL #稳定币交易数据 #稳定币法案