TL;DR Conversation between U.S. House Financial Services Committee Chair Patrick McHenry and #SEC Chair Gary Gensler . is #Ether a #security?

✅ I welcome the European Parliament’s vote today to approve comprehensive EU rules on crypto: a world first. The rules will start applying from next year. We’re protecting consumers and safeguarding financial stability and market integrity.

The economic secretary to the U.K. Treasury on regulatory frameworks "Wherever possible we want to see the same asset regulated in the same way, but there are some additional opportunities in the #Crypto asset or distributed ledger space and we want to take advantage of that."

Stefan Berger, the lawmaker who spearheaded the discussions on #MiCA law said: "The European #Crypto -asset industry has regulatory clarity that does not exist in countries like the U.S" #Crypto #regulation #web3 #DeFi

For more #Crypto regulation and compliance updates: Follow Grail 🍷

In her speech at #CityWeek2023, Sarah Pritchard spoke about the regulation of #cryptocurrency and how effective early engagement can support regulation that benefits all. fca.org.uk/news/speeches/…

Franklin Templeton CEO, Jenny Johnson, believes that #cryptocurrencies will be regulated in the future and that blockchain technology is the real innovation, not #Bitcoin . Johnson advises companies to engage with regulators as they develop new products. coindesk.com/policy/2023/04…

Santa Cruz County in California will launch a pilot program for #blockchain -based digital wallets for government services and official documentation in July 2023, aiming to improve access for residents, #privacy concerns have been raised. cointelegraph.com/news/californi… #zkkyc #zk

The US Treasury Department considers #DeFi platform operators subject to the Bank Secrecy Act, meaning they may have to comply with #AML obligations. Non-compliant #DeFi platforms risk being fined heavily. More on this in the article below 👇👇 medium.com/@grailxyz/how-…

One of the most promising use cases for Sybil resistance is in the field of decentralized identity. By using Sybil-resistant systems, we can ensure that only legitimate users can access their own identities and credentials.

🍷Get ready for the future of decentralized identity! 🍷 See you in 24hours! #DID

US releases national standards strategy for critical tech, prioritizing digital identity infrastructure & #blockchain . This move is aimed at protecting US consumers and bolstering investment in key areas such as #KYC and #AML verification. Link : whitehouse.gov/wp-content/upl…