Browsing: Crypto

The heads of the Commodity Futures Trading Commission and Securities and Exchange Commission pledged to press ahead with crypto regulation using their existing powers after the Senate failed to advance the Clarity Act.

Add preferred source SEC Chairman Paul Atkins said the agency will move forward with its crypto rulemaking agenda after the Senate failed to advance the CLARITY Act on a 49-50 procedural vote. Speaking at the Solana Policy Institute Summit, Atkins outlined a three-pillar framework: a self-custody proposal allowing investment advisers to hold crypto assets directly,…

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Lee Hyoung-il, the nominee for deputy prime minister and finance minister, said publicly at his National Assembly confirmation hearing on the 15th that the government will begin taxing cryptocurrency in January. “The tax burden will be minimal for most investors,” he said. “Starting now will cause less of a shock than people expect.” In 2020,…