Does Apple allow crypto scam apps in the App Store? US lawmakers want to know

Does Apple allow crypto scam apps in the App Store

Apple is under scrutiny for how its App Store testing process handles cryptocurrency and wallet trading app submissions. In a letter today to Apple CEO Tim Cook, the chairman of the U.S. Senate Banking, Housing, and Urban Affairs Committee asked what “steps your company is taking to prevent fraudulent activity in your app store. “. … Read more

SEC’s Gary Gensler Warns Lawmakers Not To Undermine Broader Markets With Crypto Rules

Securities and Exchange Commission Chairman Gary Gensler expressed concern on June 14 that congressional efforts to draft legislation for the cryptocurrency industry could undermine regulations that govern cryptocurrency markets. capital in the broad sense. Asked about a bill introduced last week by Senators Cynthia Lummis and Kirsten Gillibrand, Gensler was initially hesitant, saying he would … Read more

US Lawmakers Introduce Bill To Require Members Of Congress To Disclose Crypto Holdings

US Lawmakers Introduce Bill To Require Members Of Congress To

Two US lawmakers have introduced a bipartisan bill that would require members of Congress to declare their crypto holdings. The Cryptocurrency Accountability Act would require members of Congress to report any purchase, sale, or exchange of digital assets over $1,000. They should also report crypto transactions made by their spouses and dependent children. Lawmakers would … Read more

European Lawmakers Set To Toughen Up Crypto Transfers

European Lawmakers Set To Toughen Up Crypto Transfers

LONDON, March 31 (Reuters) – European Union lawmakers were expected to back stricter safeguards for transfers of bitcoin and other cryptocurrencies on Thursday, in the latest sign that regulators are tightening up on the freewheeling sector . Two committees of the European Parliament have drawn up cross-party compromises to be voted on. Crypto exchange Coinbase … Read more