The United Kingdom’s Financial Conduct Authority (FCA) has issued a broad regulatory blueprint for retail financial services, warning that retail financial services …
Warns
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Smart Contracts
UK Foreign Secretary Warns of ‘AI Hiroshima’ if Policymakers Don’t Act
by shayaanby shayaanIn short British Foreign Secretary Yvette Cooper warned that governments need global agreements to manage AI risks. Cooper compared the challenge to …
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Regulation
CFTC Chairman Warns Illinois Crypto Tax Threatens Chicago’s Financial Future
by shayaanby shayaanU.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig has publicly criticized Illinois’ newly enacted Digital Asset Privilege Tax Act, calling it …
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Regulation
Lummis defends CLARITY Act as Warren warns crypto bill could fuel illicit finance
by shayaanby shayaanWyoming’s Senator Cynthia Lummis countered Senator Elizabeth Warren’s recent criticisms of the Clarity Act. She pointed to more than 16 statutory safeguards …
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Adoption
Institutional Tokenization Surges As BlackRock And Visa Back OUSD; IMF Warns Finance Could Reshape
by shayaanby shayaanThe crypto industry has poured $189 million into US midterm elections, but that loud political money is overshadowed by a much quieter …
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Markets
Jefferies warns against buying the dip in Circle as Open USD raises new competition fears
by shayaanby shayaanThe investment bank said new competition from the Stripe- and Coinbase-backed stablecoin consortium could pressure USDC’s growth. www.coindesk.com
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Markets
Jefferies warns of crypto market volatility as Clarity Act faces Senate test
by shayaanby shayaanThe bank said the bill faces major hurdles, with passage boosting institutional crypto adoption and delays prolonging regulatory uncertainty. www.coindesk.com
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Markets
JPMorgan backs U.S. crypto bill but warns of risks in digital asset framework
by shayaanby shayaanThe bank says Congress should pair regulatory clarity with safeguards as Senate negotiates the Clarity Act. www.coindesk.com
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Markets
Former Ethereum Foundation leader warns of funding gap as governance shifts
by shayaanby shayaanA former Ethereum Foundation member says the network must quickly build new funding institutions as the Foundation steps back. www.coindesk.com
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Stani Kulechov, founder of the decentralized lending protocol Aave (AAVE), has raised concerns that the United Kingdom’s current stablecoin regulatory framework may …