• Latest
US Presidential Contender Michael Bloomberg Proposes ‘Clear Regulatory Framework’ for Crypto

US Presidential Contender Michael Bloomberg Proposes ‘Clear Regulatory Framework’ for Crypto

February 18, 2020
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Tech

US Presidential Contender Michael Bloomberg Proposes ‘Clear Regulatory Framework’ for Crypto

coinnewsdaily by coinnewsdaily
February 18, 2020
in Tech
0
US Presidential Contender Michael Bloomberg Proposes ‘Clear Regulatory Framework’ for Crypto
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

Presidential candidate Michael Bloomberg proposed creating a regulatory framework for cryptocurrencies in a new financial regulation plan unveiled Monday.

Bloomberg’s campaign published a financial reform plan Tuesday, advocating for greater consumer protection measures and a stronger financial system. Specifically, the proposal suggests requiring financial institutions to monitor risk exposure, recording all financial transactions in a centralized database, strengthening the Consumer Financial Protection Bureau and a number of other recommendations. The proposal also recommends creating a regulatory sandbox for startups and “providing a clear regulatory framework for cryptocurrencies.”

“Cryptocurrencies have become an asset class worth hundreds of billions of dollars, yet regulatory oversight remains fragmented and undeveloped. For all the promise of the blockchain, Bitcoin and initial coin offerings, there’s also plenty of hype, fraud and criminal activity,” the full proposal said.

Bloomberg’s plan recommends clarifying which agencies are responsible for overseeing the space, creating a framework to clarify when tokens are securities, “protecting consumers from cryptocurrency-related fraud,” clarifying the tax regime and defining the requirements for financial institutions in the space.

The campaign did not return a request for further comment.

Swalwell accepted cryptocurrency donations briefly during his run, while Yang also called for a national regulatory framework to address questions around how the government would approach the space and supersede potentially contradictory state-level regulations.

Bloomberg, the former New York City mayor and founder of Bloomberg L.P. (the company behind the Bloomberg Terminal), entered the presidential race in November 2019, and has missed the first primary and caucus (New Hampshire and Iowa, respectively) due to joining late in the primary process (in comparison, former contender Andrew Yang entered the race in November 2017). 

Despite his late entry, Bloomberg has poured hundreds of millions of dollars into ad campaigns. As of press time, he is polling at roughly 16 percent, according to news site 538, enough to place second on the national stage. 

However, his candidacy has recently been rocked by allegations of racism and sexism, including from his support of New York’s infamous “stop and frisk” practice during his time running the city. 

The practice was later deemed unconstitutional, and while Bloomberg appealed the ruling, his successor, former presidential candidate and current New York City Mayor Bill de Blasio dropped the case. 

Bloomberg has also reportedly settled a number of alleged sexual harassment cases and been accused of fostering a hostile work environment, according to The Washington Post.

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Credit: Source link

Tags: Crypto Tech
Share76Tweet47
Previous Post

Preston Byrne: Peirce’s Safe Harbor Proposal Would Be Hilarious If It Weren’t So Serious

Next Post

Crypto Firms Should Get Behind Peirce’s Safe Harbor Proposal, Even if It’s Unlikely to Become Law

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
green gaming
Business

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
axie infinity: what are the minimum android phone requirements to play on mobile
Alt Coin

Axie Infinity: What Are the Minimum Android Phone Requirements to Play on Mobile

April 21, 2022
Load More
Next Post
Crypto Firms Should Get Behind Peirce’s Safe Harbor Proposal, Even if It’s Unlikely to Become Law

Crypto Firms Should Get Behind Peirce's Safe Harbor Proposal, Even if It's Unlikely to Become Law

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$20,801.00-1.34%
  • ethereumEthereum(ETH)$1,197.71-0.70%
  • tetherTether(USDT)$1.000.11%
  • binancecoinBNB(BNB)$234.38-0.22%
  • rippleXRP(XRP)$0.353154-2.22%
  • cardanoCardano(ADA)$0.488112-0.71%
  • SolanaSolana(SOL)$38.65-2.17%
  • dogecoinDogecoin(DOGE)$0.072457-1.61%
  • polkadotPolkadot(DOT)$7.77-1.21%
  • Shiba InuShiba Inu(SHIB)$0.000011-0.81%
  • daiDai(DAI)$1.00-0.01%
  • tronTRON(TRX)$0.0673373.10%
  • leo-tokenLEO Token(LEO)$5.76-2.49%
  • matic-networkPolygon(MATIC)$0.53-5.35%
  • litecoinLitecoin(LTC)$56.17-2.01%
  • FTXFTX(FTT)$27.18-0.45%
  • OKBOKB(OKB)$12.36-1.22%
  • CronosCronos(CRO)$0.124678-0.59%
  • chainlinkChainlink(LINK)$6.58-3.26%
  • stellarStellar(XLM)$0.119516-1.01%
  • cosmosCosmos Hub(ATOM)$7.82-2.99%
  • algorandAlgorand(ALGO)$0.331269-1.14%
  • ethereum-classicEthereum Classic(ETC)$16.63-0.36%
  • moneroMonero(XMR)$122.78-3.36%
  • bitcoin-cashBitcoin Cash(BCH)$111.40-2.44%
  • vechainVeChain(VET)$0.0247260.74%
  • tezosTezos(XTZ)$1.619.82%
  • Internet ComputerInternet Computer(ICP)$5.79-0.80%
  • theta-tokenTheta Network(THETA)$1.34-0.57%
  • filecoinFilecoin(FIL)$5.79-1.32%
  • ElrondElrond(EGLD)$56.692.53%
  • bitcoin-cash-svBitcoin SV(BSV)$60.36-1.64%
  • eosEOS(EOS)$0.99-0.91%
  • AaveAave(AAVE)$65.74-0.89%
  • makerMaker(MKR)$1,011.60-0.47%
  • paxos-standardPax Dollar(USDP)$1.000.36%
  • huobi-tokenHuobi(HT)$5.300.33%
  • iotaIOTA(MIOTA)$0.2925522.23%
  • zcashZcash(ZEC)$62.58-2.84%
  • neoNEO(NEO)$9.55-0.54%
  • zilliqaZilliqa(ZIL)$0.044960-2.89%
  • wavesWaves(WAVES)$5.94-0.81%
  • basic-attention-tokenBasic Attention(BAT)$0.390212-1.86%
  • havvenSynthetix Network(SNX)$2.45-9.10%
  • dashDash(DASH)$49.54-0.69%
  • PancakeSwapPancakeSwap(CAKE)$3.340.09%
  • KusamaKusama(KSM)$53.090.44%
  • nemNEM(XEM)$0.0423431.94%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • CompoundCompound(COMP)$50.14-1.28%
  • ethlendAave [OLD](LEND)$4.103.48%
  • qtumQtum(QTUM)$3.000.48%
  • bitcoin-goldBitcoin Gold(BTG)$17.47-1.06%
  • omisegoOMG Network(OMG)$1.994.10%
  • golemGolem(GLM)$0.2473780.53%
  • SushiSushi(SUSHI)$1.15-0.60%
  • ontologyOntology(ONT)$0.2504846.44%
  • yearn-financeyearn.finance(YFI)$6,270.59-3.76%
  • umaUMA(UMA)$2.710.20%
  • digibyteDigiByte(DGB)$0.010174-2.15%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....