European Parliament member Eva Kaili says Facebook’s libra announcement in 2019 catalyzed lawmakers into action on digital assets.
Introducing a week of content about how regulators are shaping the digital assets industry (or trying).
For years the commodities overseer was the de facto regulator of crypto markets.
Without middlemen to deputize, the SEC and other regulators will have to rethink their approach to enforcement. A lot could go wrong.
We are fast approaching a point where there will no longer be “decentralization theater” and things will get real.
The SEC may “pierce the veil” of “decentralization theater” by going after individuals involved in DeFi projects, observers say.
Stablecoins make use of the same shadow banking carveout that imperiled the financial system in 2008. That can’t continue, says the co-author of the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act.