Tag: Regulation

Blockchain needs regulation, scalability to close AI hiring gap

The emerging blockchain industry lags behind the artificial intelligence sector in terms of job creation, but this hiring gap may narrow by 2030. Blockchain remains one of the smallest sectors in the tech industry, with about 300,000 global jobs, compared to 1.5 million in AI and machine learning and 25 million in software development, according to a new Bitget Research report shared with Cointelegraph. The blockchain sector added around 20,000 new jobs in 2024, according to job listings aggregated from platforms like LinkedIn, Web3 Jobs and Crypto Job List. Total…

Former Binance Chief Offers Governments Free Crypto Advice on Regulation and Adoption

Binance founder CZ is offering free regulatory guidance to governments worldwide, signaling a powerful new push to accelerate global crypto adoption and reshape digital finance. CZ Ready to Help Governments Embrace Crypto—No Fees, Just Commitment Former Binance CEO Changpeng Zhao (CZ) has expressed his willingness to support governments looking to embrace digital assets. Posting on […] Source CryptoX Portal

U.S. House hearing reignites crypto regulation push, hopes for clarity ‘this year’

U.S. legislators are pushing for clearer regulations on crypto, in an effort to keep the $2.7 trillion crypto industry in the U.S. U.S. Congress is seeing another major push for regulatory clarity on crypto. On April 9, the House financial services committee’s subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence held a hearing on crypto regulation. The goal of the hearing was to find ways to align U.S. securities laws with the realities of the digital age, especially with regard to crypto assets. In his remark to the committee,…

US gov’t actions give clue about upcoming crypto regulation

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The early days of the Trump administration saw a flurry of activity that could give the crypto industry an idea of forthcoming crypto regulations, namely that they may not be regulated as securities.  Practitioners have decried a lack of concrete change in the form of new rules and guidance. The skeptics have their reasons. The formation of the crypto task force, Trump’s crypto executive order, crypto czar David Sacks’ lone press conference, and the digital asset reserve has been criticized as mere theater. The real work of regulating comes not…

CFPB likely to step back from crypto regulation —attorney

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The Consumer Financial Protection Bureau (CFPB) will likely see a reduced role in crypto regulations as other federal agencies like the Securities and Exchange Commission (SEC) and state-level regulators assume a bigger role in crypto policy, according to Ethan Ostroff, partner at the Troutman Pepper Locke law firm. “I think with the current administration, my sense is, we are highly likely to see a significant pullback by the CFPB in the context of the activity by other regulators,” Ostroff told Cointelegraph in an interview. State regulators also have the authority…

CFPB likely to step back from crypto regulation — Attorney

boss

The Consumer Financial Protection Bureau (CFPB) will likely see a reduced role in crypto regulations as other federal agencies like the Securities and Exchange Commission (SEC) and state-level regulators assume a bigger role in crypto policy, according to Ethan Ostroff, partner at the Troutman Pepper Locke law firm. “I think with the current administration, my sense is, we are highly likely to see a significant pullback by the CFPB in the context of the activity by other regulators,” Ostroff told Cointelegraph in an interview. State regulators also have the authority…

Circle President: ‘The World Yearns for US Crypto Regulation’

In a recent interview, former CFTC Chair and Circle President Heath Tarbert ascertained that the world was looking to the U.S. regarding crypto and stablecoin regulation to follow suit. For stablecoins, this is a pretty straightforward matter, he assessed. Circle Believes the World Is Looking Toward the U.S. for Regulation While the regulatory frameworks of […] Source CryptoX Portal

‘Contrary to popular belief,’ regulation isn’t slowing tokenization — Prometheum CEO

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The market for tokenized real-world assets (RWAs) is growing by the day, but contrary to belief, the biggest hurdle to broader adoption isn’t regulation, but a lack of dedicated secondary markets for buying and selling tokenized securities, according to Prometheum founder and co-CEO Aaron Kaplan.  In an interview with Cointelegraph, Kaplan drew attention to ARK Invest CEO Cathie Wood’s recent appearance at the Digital Asset Summit in New York, where she said that a lack of regulatory clarity is preventing her company from tokenizing its funds. “Contrary to popular belief,…