Legislation

[Flash] Senate Banking Committee Sets Date for Sweeping Crypto Legislation Vote

[Flash] Senate Banking Committee Sets Date for Sweeping Crypto Legislation Vote The US Senate Banking Committee has announced it will hold a markup hearing vote on comprehensive crypto market structure legislation. This marks the committee’s second attempt to advance the bill, signaling a critical phase in the development of US crypto regulatory framework. Markets expect the legislation to have significant implications for the cryptocurrency industry once passed. Source: CoinDesk, The Block ...

[Brief] Senate Banking Committee Sets Date for Crypto Legislation Vote

[Brief] Senate Banking Committee Sets Date for Crypto Legislation Vote The Senate Banking Committee has announced a hearing to amend and vote on sweeping crypto legislation, marking a second attempt to advance the bill. Meanwhile, a stablecoin compromise has revived legislative momentum despite lingering ethics disputes. Sources: TheBlock, CoinDesk

Ukraine Weighs Law to Ban Foreigners From Surrogacy, Threatening Global Hub Status

Ukraine considers legislation that would effectively ban foreigners from accessing surrogacy services, potentially ending its role as one of the world’s leading surrogacy destinations

[Brief] Coinbase CLO: Clarity Act Will Pass This Summer

Coinbase CLO Bullish on Stablecoin Legislation Coinbase Chief Legal Officer Paul Grewal said at the Consensus conference that the Clarity Act will pass this summer. He backed the Tillis-Alsobrooks stablecoin compromise and urged banks to accept the deal framework.

[Brief] Coinbase CLO Says Stablecoin 'Clarity Act' Will Pass This Summer

Coinbase CLO Bullish on Stablecoin Legislation Coinbase Chief Legal Officer Grewal said at the Consensus conference that stablecoin legislation “will pass this summer.” He called for compromise on a stablecoin regulatory framework and urged industry participants to work constructively with regulators to advance the legislative process.

UK Government Advances Under-16 Social Media Restrictions Bill as Consultation Continues

The Children’s Wellbeing and Schools Bill passes the Commons by 272 to 64 votes. The government commits to imposing age or functionality restrictions for under-16s, with specific measures to be determined after a consultation ending May 26.

EU Adopts Implementation Rules for World's First AI Act

The European Commission has published detailed implementation rules for the AI Act, the world’s first comprehensive AI regulatory framework, expected to take effect in July.