Democratic lawmakers, including Rep. Maxine Waters and Rep. Stephen Lynch, publicly condemned cryptocurrencies as a ‘scam’ during a press conference, urging the adoption of a central bank digital currency (CBDC). Waters criticized the CBDC Anti-Surveillance State Act, which seeks to block a government-backed digital dollar, labeling it the ‘anti-innovation act.’ She also warned that opposing CBDCs and stablecoin regulation could jeopardize national security. Lynch echoed the sentiment, dismissing crypto as lacking legitimate use cases. The debate highlights growing political tensions over digital currency regulation in the US.
about US Democrats Slam Crypto, Push for CBDC Amid ControversyLynch
0 posts last weekTrump administration’s SEC changes may reduce regulatory burdens for CFOs
The anticipated leadership of Republican nominee Atkins at the SEC signals a shift towards lighter regulation, contrasting sharply with Gensler’s robust approach. CFOs may benefit from reduced regulatory burdens, as Atkins is expected to shelve several initiatives, including climate risk disclosures, while focusing on individual complaints rather than broad enforcement sweeps. Additionally, a new framework for crypto regulation may emerge, potentially categorizing many digital assets as commodities rather than securities, while still aggressively pursuing fraud cases.
about Trump administration's SEC changes may reduce regulatory burdens for CFOs