🚀 White House Adviser: “Crypto Week” to Reinforce U.S. Role as Global Crypto Capital
#CryptoWeek #USCryptoCapital #DigitalAssets #BlockchainRegulation #GENIUSAct #CLARITYAct #GlobalCryptoLeader
White House digital asset adviser Bo Hine says “Crypto Week” will advance key legislation and solidify the U.S. as a global leader in digital assets.White House Adviser: “Crypto Week” to Solidify U.S. Position as Global Crypto LeaderBo Hine, digital asset policy adviser at the White House, announced that the week of July 14 to July 20 will be designated as "Crypto Week" in the U.S. House of Representatives, marking a pivotal moment for digital asset regulation in the United States.According to Hine’s post on the X platform, two major legislative proposals are progressing in tandem:The GENIUS Act will be sent to President Donald Trump’s desk for signing.The CLARITY Act will move forward to the Senate for review.Hine said the series of developments during Crypto Week "will consolidate the United States' role as the global cryptocurrency capital," emphasizing the country’s commitment to becoming a regulatory leader in blockchain and digital assets.#CryptoWeek #USCryptoCapital #DigitalAssets #BlockchainRegulation #GENIUSAct #CLARITYAct #GlobalCryptoLeader
🚀 SEC Commissioner Warns of Regulatory Challenges for Centralized Layer 2 Blockchains
#SEC #HesterPeirce #Layer2 #MEV #CentralizedLayer2 #DecentralizedProtocols #SmartContracts #Layer1 #SafeHarbor #SecuritiesRegulation #BlockchainRegulation #AutonomousCode #Exchanges #RegulatoryOversight
According to PANews, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has raised concerns about the potential regulatory requirements for Layer 2 blockchains operating centralized matching engines. In an interview on 'The Gwart Show,' Peirce emphasized the importance of protecting genuinely decentralized protocols while distinguishing between immutable code on decentralized networks and centralized entities utilizing blockchain for transactions.The head of the SEC's cryptocurrency task force stated that truly decentralized protocols cannot be owned and are accessible to everyone. Layer 2 solutions, which address the issue of Maximum Extractable Value (MEV) through centralized transaction ordering, introduce regulatory complexities. Peirce noted that matching engines controlled by a single entity resemble exchanges, and operators dealing in securities must consider relevant requirements. However, the SEC aims to avoid forcing decentralized protocols to register.Peirce stressed the importance of safeguarding smart contracts on fully decentralized Layer 1 networks. She advocates for allowing the community to address MEV issues before regulatory intervention. As traditional securities transition to blockchain, Peirce seeks to protect developers and ensure centralized intermediaries comply with regulations. She supports distinguishing between autonomous code and regulated entities, advocating for safe harbor for decentralized protocols while subjecting centralized Layer 2 chains to traditional oversight.#SEC #HesterPeirce #Layer2 #MEV #CentralizedLayer2 #DecentralizedProtocols #SmartContracts #Layer1 #SafeHarbor #SecuritiesRegulation #BlockchainRegulation #AutonomousCode #Exchanges #RegulatoryOversight
🚀 Swiss Crypto Bank Amina Joins EU DLT Venue 21X as Tokenized Assets Reach $26.5 Billion
#SwissCryptoBank #Amina #EU #DLT #21X #TokenizedAssets #Blockchain #RegulatedBank #TokenizedSecurities #Crypto #NS3AI #Tokeny #DigitalAssets #Securities #BlockchainRegulation
Swiss crypto bank Amina has become the first regulated bank to participate in the EU's DLT venue 21X. According to NS3.AI, this development comes as the value of tokenized real-world assets has reached $26.5 billion. Amina will serve as a listing sponsor on 21X and, in collaboration with Tokeny, will assist companies in issuing tokenized securities on the platform. This initiative underscores the EU's DLT pilot regime's efforts to integrate regulated banks with blockchain-based trading and settlement of securities.#SwissCryptoBank #Amina #EU #DLT #21X #TokenizedAssets #Blockchain #RegulatedBank #TokenizedSecurities #Crypto #NS3AI #Tokeny #DigitalAssets #Securities #BlockchainRegulation