Wednesday, September 28

Law Decoded: Three Regulatory Trends of 2021 By CoinTelegraph

© Reuters. Law Decoded: Three Regulatory Trends of 2021

It’s that time of year: forget about singular events in favor of end-of-the-year narratives, big vision, and lessons learned. As many governments around the world have finally had to grapple with the rapidly growing realm of digital finance, the year has been filled with developments in cryptocurrency policy and regulation that are impossible to sum up. However, it is possible to try to distill several important trends that have come to light over the past 12 months, and which will continue to shape the relationship between societies, state power, and the cryptocurrency space as we move into 2022.

Below you will find the condensed version of the latest “Law Decoded” newsletter. For the full summary of the last week’s political news, sign up below to receive the full newsletter.

The US Congress looks at crypto In 2021, crypto regulation in the United States is largely no longer the domain of unelected officials who sit on various financial regulation committees and within the Treasury Department. Federal lawmakers held more high-profile hearings in Congress on digital assets than in any previous year. His mastery of crypto-related issues has also visibly improved. The executive branch kept trying to steer the big decisions, the most vivid focus being the last-minute inclusion of crypto brokers’ disclosure requirements in the infrastructure bill, but supporters of this course were likely surprised by a vocal and concerted opposition from the sector and its allies on Capitol Hill. It’s true that not everyone in Congress is a fan of it, but there are still a few, and a few are making cryptocurrency high on their legislative agendas.

Read the full article on Cointelegraph

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