Bitcoin has achieved a new all-time high, reaching $113,521, reflecting continued bullish sentiment in the cryptocurrency market. This surge comes despite concerns over the influx of new buyers and ongoing regulatory discussions.
In the United States, the Senate Banking Committee recently held a hearing to discuss a proposed market structure bill aimed at establishing a legal framework for digital assets. A key point of contention was whether Congress should define specific regulations or delegate authority to financial regulators. Experts emphasized the complexity of classifying digital assets and the need for nuanced principles over rigid legal definitions.
Internationally, the European Securities and Markets Authority criticized Malta's crypto licensing process, highlighting insufficient risk assessment in granting licenses under the EU's Markets in Crypto-Assets regulation. ESMA's review found that Malta's approach could undermine regulatory consistency across the EU, especially with licenses that can be "passported" to other member states.
In the United States, the Senate Banking Committee recently held a hearing to discuss a proposed market structure bill aimed at establishing a legal framework for digital assets. A key point of contention was whether Congress should define specific regulations or delegate authority to financial regulators. Experts emphasized the complexity of classifying digital assets and the need for nuanced principles over rigid legal definitions.
These developments underscore the dynamic nature of the cryptocurrency market and the ongoing efforts to balance innovation with regulatory oversight.
