State of Crypto Conference Highlights Key Regulatory Developments in Toronto
CoinDesk's Consensus conference occurred in Toronto, highlighting key discussions surrounding cryptocurrency legislation and market developments.
Key Highlights
- Senate negotiations continue on a stablecoin bill, with further legislative developments expected.
- New York Finance Watchdog reaffirmed the state's BitLicense as a global standard.
- Anchorage Digital's CEO disputed claims of a DHS investigation.
- Cantor Fitzgerald's Chairman confirmed personal verification of Tether's reserves.
- Trump administration aims to sign crypto legislation by August, according to White House officials.
- BitGo executive noted banks are exploring stablecoins to maintain market share.
- World Liberty's stablecoin is now accessible via Chainlink's interoperability protocol.
- Eric Trump discussed his entry into crypto amid political challenges.
- PayPal's crypto head emphasized the necessity of banks for stablecoin potential.
- Kevin O'Leary called for increased regulation in the cryptocurrency space.
- Coinbase faced scrutiny over a significant data breach impacting customer information.
Legislative Developments
- U.S. Senate has released new text for its stablecoin bill; a cloture vote is scheduled.
- French Minister proposed security measures for crypto professionals following recent kidnappings.
- DOJ continues pursuit of charges against individuals involved in a $263 million crypto theft.
- Ripple's settlement bid with the SEC was rejected due to procedural flaws.
Upcoming Events
- SEC held a crypto roundtable focused on tokenization.
- Consensus Toronto conference initiated discussions on various crypto-related topics.
