November 8th, 2023
Happy Wednesday Loyal Reader!
"Speaking at an international event in London, Uyeda stated that the crypto industry needs a comprehensive regulatory framework, and the SEC needs to turn to proactive rulemaking instead of relying on an enforcement-centric approach."

With the rest of the world leading the U.S. in digital asset regulation, SEC Commissioner Mark Uyeda calls for the agency to do its job. The SEC is currently grappling with two high profile cases, Coinbase and Ripple, and now may be the best time to impose stricter guidelines. Will Gensler and the rest of the agency listen to the Commissioners request?

Anthony Moro, CEO of Provenance Blockchain Foundation, states the need for a blockchain that is not focused on "crypto activities". PBF is the "world's largest public blockchain as measured by Financial assets on-chain", but they are not working with crypto trading, NFTs, or the Metaverse. Is the future of blockchain companies going pivot to this business model, or stick with the typical Web3 model?

"California Governor Gavin Newsom signed the California Digital Financial Assets Law (DFAL) and Senate Bill 401... The laws establish license requirements, compliance obligations, and stablecoin approvals, among other guidelines."

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