Crypto Council for Innovation
@crypto_council
A global alliance of industry leaders dedicated to unlocking the promise of crypto.
ID: 1370756765751590915
http://cryptoforinnovation.org 13-03-2021 15:21:39
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.Treasury Department's deeply unpopular Unhosted Wallet rule died a quiet death. Yaya J. Fanusie breaks it down ICYMI
Crypto would be a priority under a Tim Scott Senate Banking Committee chairmanship. News from SALT session moderated by CCI's Cory Gardner. Senator Cynthia Lummis would chair digital asset subcommittee.
“When crypto flourishes, the American people will too.” True in '22 and today. CCI's Senator Cory Gardner on why crypto matters w/FOX Business : ✅ Allow innovation to flourish ✅ If US isn’t leading, you can bet someone else will ✅ It’s not a Republican or Democrat issue, it
The AGGRESSIVE and INNOVATION CHILLING regulation by enforcement approach of this SEC continues--this must STOP. Devin Finzer (dfinzer.eth) is absolutely right--NFTs are fundamentally creative goods, which allow artists, creatives, and others to showcase their talent. NFTs should not be regulated
"It's a blow to creative artists" says Sheila Warren on the latest SEC move against the industry. The Wolf Of All Streets TheStreet thestreet.com/crypto/markets…
Regulations shouldn't drown businesses in paperwork and stifle innovation. Financial Crimes Enforcement Network (FinCEN) is looking to strengthen AML guidelines - CCI wants them to get it right. We believe businesses need room to grow, unnecessary paperwork clogs the system, and the compliance process itself
DeFi is often framed as a false choice between ensuring consumer privacy and facilitating illicit finance. This is not the case - tune into today's House Financial Services hearing to hear why. Financial Services GOP U.S. House Committee on Financial Services youtube.com/watch?v=YEz4Tg…
.French Hill asks point blank in the 1st DeFi hearing - what's wrong with the Gensler approach? Hat tip to Amanda Tuminelli Rebecca Rettig Peter Van Valkenburgh and Brian Avello UDHC for today
.Rep. Mike Flood in today's DeFi hearing: In my view the largest implications of DeFi are unrelated to the financial applications...it's the technology we're talking about, not trading or wallets, that could really change the world.
US needs to focus on being a technology leader or others will. China 4x'd digital yuan transactions since last year, says Atlantic Council GeoEconomics Center. Thanks to Josh Lipsky Ananya Kumar for your tracker work.
Chair Gensler has taken an aggressive regulation by enforcement approach regarding digital assets - we hope to hear the voices within SEC that strongly disagree with him. We will be watching next week to see Financial Services GOP examine these competing approaches.