U.S. Senator Lummis introduces blockchain bill. Bill passes U.S. Senate panel allowing stablecoin rewards. Tyler Winklevoss will be on CFTC innovation panel and Ex-NYC Mayor Eric Adams accused of rugpull after issuing NYC coin. Jane King with the latest from the NYSE.
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Here's a look at your crypto daily download.
US Senator Cynthia Loomis introduced a stand-alone bill aimed at protecting non-custodial blockchain developers from being classified as money transmitters.
This comes as the Senate prepares to unveil the long awaited draft of its broader crypto market structure legislation ahead of a key markup this week.
The bipartisan proposal co-sponsored by Senator Ron Wyden revives the.
Blockchain regulatory Certainty Act that clarifies that software developers, miners, validators, and infrastructure providers who do not control user funds or hold private keys should not fall under federal money transmission rules.
Meanwhile, a new proposal would allow digital asset companies to offer rewards to customers who hold stable coins under certain conditions.
This proposal in the Senate includes language that would exempt.
Certain rewards associated with membership in a loyalty or incentive program from restriction.
Well, the Commodity Futures Trading Commission, one of the regulators of digital assets activity in the US, is overhauling its advisory panels to make one focused on innovation, and its inaugural members will include crypto CEOs.
This is one of the opening moves of the new CFTC Chairman Mike Selig, who just started at the agency last month.
Apart from well-known.
Crypto executives such as Gemini's Tyler Winklevoss and Kraken's Arjun Sahi.
Others who have been announced last month as members of the CEO Group include leaders of the prediction market firms Poly Market and Calshy, plus executives from more traditional names such as CME Group, the Intercontinental Exchange, and CBOE Global Markets.
Former New York City Mayor Eric Adams is under scrutiny after promoting a meme coin that experienced a sharp liquidity.
Withdrawal shortly after its launch.
The NYC token, pitched as a crypto project for civic causes, saw its market cap briefly soar to $580 million before plummeting due to liquidity concerns.
On-chain data revealed that a wallet linked to the token's deployer removed $2.5 million in liquidity, prompting accusations of a possible rug pull, and that is the latest crypto daily download headlines.