Uniswap founder Hayden Adams warned during the inaugural meeting of the CFTC’s Innovation Advisory Committee that regulatory uncertainty in the United States was driving crypto builders and developers overseas. The comments were made during a roundtable discussion on Aug. 20, not as part of execution proceedings or binding testimony. Still, the message is important because … Read more
The IMF said Brazil’s stablecoin market has grown rapidly since 2017, with cross-border crypto flows growing faster than traditional capital flows. The International Monetary Fund said Brazil’s market for crypto assets, particularly U.S. dollar-pegged stablecoins, has grown rapidly since 2017 and requires closer monitoring as cross-border crypto flows are growing faster than traditional capital flows. … Read more
SEC Commissioner Hester Peirce released a new statement on crypto vaults and lending strategies, and the message is more nuanced than a simple pro-crypto or anti-crypto headline. Peirce’s July 22 statement, titled “Headstands and Summervaults: A Statement on Crypto Vaults and Lending Strategies,” asserts that putting an activity on chain does not automatically cause it … Read more