The crypto world never stops moving and today is no different. Many new things are happening in the world of digital assets right now, from big regulatory plans to landmark laws in New York. Here’s a quick look at the top crypto stories making waves, whether you believe in Bitcoin, DeFi enthusiast, or are building Web3.
Uyeda Calls for Temporary Crypto Relief Programme
Mark Uyeda, chair of the SEC, suggested a temporary crypto regulatory framework to encourage innovation in the U.S. while long-term rules are still being considered. Uyeda said a time-limited, conditional exemption could help blockchain startups grow without getting stuck in compliance limbo at the SEC’s “Between a Block and a Hard Place” meeting on April 11. There were also big names in the industry, like Uniswap Labs, Coinbase, and Cumberland DRW, who supported the idea of clear regulations as a necessary step towards lasting laws.
Federal Reserve Ready to Backstop Markets
Boston Fed President Susan Collins made a rare but essential statement when she told the markets that the Federal Reserve is ready to step in if liquidity runs out. Collins said that the central bank has the power to keep the market stable, even though she stated that there are no current liquidity issues. Her comments come after significant drops in the value of assets, which could mean that the government is backing crypto markets, indirectly affecting the markets by maintaining financial security.
New York Moves Towards Crypto Payment Adoption
Assemblyman Clyde Vanel introduced Assembly Bill A7788, which makes New York politics crypto friendly. The bill allows state offices to take Bitcoin, Ethereum, Litecoin and Bitcoin Cash for taxes, rent and fees. This is the second crypto bill in weeks.
Legislative Momentum Rises Post-Trump
Since Donald Trump returned to the political scene, crypto legislation has become more popular nationwide. Trump’s government has said it wants to prioritize blockchain policies to make the U.S. a global hub for crypto.
Conclusion
The events of today show that the crypto ecosystem is maturing, and that regulation and creativity are beginning to work together. The U.S. is taking essential steps in Uyeda’s temporary relief plan and New York’s crypto payments bill.
