Tag: discussing
US Officials are Discussing How to Regulate Cryptocurrencies and Stablecoins
The lawmaker asked the agency to clarify what types of digital assets are securities, address how to issue and list digital securities, establish a registration service for digital asset security trading platforms, set regulations on how trading and custody of digital assets should be carried out, and determine what disclosures are required for potential investors to be informed about. “Given the complexity of these issues, and recognizing that some digital assets are securities, others may be commodities, and others may be subject to a completely different regulatory regime, a formal regulatory process is needed now,” Hickenlooper wrote in his letter.
“This will significantly improve policy development and allow the SEC to collect views and understand concerns. Furthermore, it will create clear rules that will benefit investors who currently may not be fully aware of the risks associated with digital asset investments….”
Hickenlooper also wrote that applying old market regulations to cryptocurrency would lead to financial services being more expensive and less accessible; leading to the agency’s disclosure regime being less useful to U.S. residents. “I recognize these questions are complicated, but it is time for the SEC to engage. Empowering innovators, fostering financial innovation, protecting investors, and ensuring market integrity are consistent principles,” the lawmaker concluded in his letter. “I look forward to working with you to build prudent rules as this powerful technology continues to develop.”
Meanwhile, the Securities and Exchange Commission wants some changes of its own, reports Reuters:
The U.S. Congress should give the Commodity Futures Trading Commission more powers to police cryptocurrency stablecoins to reduce risks to the financial system, Securities and Exchange Commission Chair Gary Gensler said on Friday…. With around $150 billion in market capitalization, stablecoins have many similarities to money market funds, and need to be regulated accordingly, Gensler said at a conference held by Georgetown University’s Psaros Center for Financial Markets and Policy in Washington…. “I think the CFTC could have greater authorities. They currently do not have direct regulatory authorities over the underlying non-security tokens,” he said….
The Financial Stability Oversight Council, a U.S. regulatory panel comprising top financial regulators, earlier this month recommended that Congress pass legislation addressing the risks digital assets pose to the financial system, including bills to bolster oversight of crypto spot markets and stablecoins. It remains unclear when Congress might pass crypto-related legislation, although several bills have been introduced to address stablecoins and digital commodities regulation.
Read more of this story at Slashdot.
Christina Aguilera Gets Emotional Discussing New EP ‘La Luz,’ Latin GRAMMY Nods, & More with Billboard [Video]
Ahead of being honored and taking the stage to perform at the Billboard Latin Music Awards Thursday (September 29), Pop veteran Christina Aguilera took part in the platform’s Latin Week celebrations, including the ‘Premiere Party’ hosted by Lyndsey Havens.
When not answering fan questions and being presented with new plaques from the Recording Industry Association of America (RIAA),
The post Christina Aguilera Gets Emotional Discussing New EP ‘La Luz,’ Latin GRAMMY Nods, & More with Billboard [Video] appeared first on ..::That Grape Juice.net::.. – Thirsty?.
Full Video of Tim Cook, Jony Ive, and Laurene Powell Jobs Discussing Steve Jobs Archive and More Now Available
For the first time since that conference, the full video of the hour-plus-long discussion has been shared on YouTube. During the panel, the trio talked at length about Steve Jobs and his impact on Apple and the world. Laurene Powell Jobs reflected on Jobs and what his thoughts would have been on the current state of the world.
He loved California so much, but he loved our country. He loved the idea of America. He loved what it allowed the individual and the communities to become. He loved the unfetteredness of it. He loved the personal freedoms and liberties, but also the connectedness and responsibility for each other.
During the conference, Cook, Ive, and Powell Jobs launched the Steve Jobs Archive, a new website dedicated fully to Jobs. The website includes videos, emails, and audio clips from Jobs that people may have never seen before.
In an email Jobs sent to himself on Thursday, September 2, 2010, shared on the website, he said, “When I needed medical attention, I was helpless to help myself survive,” and “I love and admire my species, living and dead, and am totally dependent on them for my life and well being.”
Another notable tidbit from the discussion included Cook addressing why Apple has not yet adopted support for RCS messaging on iOS. In response to a reporter complaining about their difficulties messaging with their mother since she has an Android device, Cook quipped, “buy your mom an iPhone.” For a more in-depth look at the discussion, check out the video here.
This article, “Full Video of Tim Cook, Jony Ive, and Laurene Powell Jobs Discussing Steve Jobs Archive and More Now Available” first appeared on MacRumors.com
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