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The House of Representatives voted to repeal SEC's controversial crypto accounting policy, SAB 121, amidst strong opposition from President Biden who vows to veto the resolution.
The SEC has filed its final reply in the Ripple XRP case, emphasizing the potential for future violations and disputing Ripple's claims of non-recklessness and legal compliance.
House Democrats, led by Rep. Sean Casten, are introducing legislation aimed at regulating cryptocurrency mixing services to prevent money laundering, highlighting broader concerns around the use of digital assets in illicit finance.
Coinbase faces allegations of operating as an unregistered broker-dealer, with a lawsuit claiming it sold cryptocurrencies like Solana and NEAR as unregistered securities.
U.S. Senator Elizabeth Warren calls for enhanced anti-money laundering and counter-terrorism financing measures within any forthcoming stablecoin regulation, diverging from the current legislative proposals in Congress.