Not the best week for crypto lending: Law Decoded, June 20-27
— Hard, Researching, Security, Motto, Digital, Exchange commission, New mica, Crypto lending space, Summed, Derivatives, Digital asset regulation, Lending, Celsius network — 1 min read
Due to Celsius Network’s withdrawal suspension in mid-June, the topic of crypto lending made its entryway to the acute issues list for the regulators. European Central Bank president Christine Lagarde believes the new MiCa should include separate crypto-asset staking and lending guidelines. A hardcore Bitcoin maximalist and Swan Bitcoin CEO Cory Klippsten is afraid that the liquidity crisis involving Celsius may be just the beginning of a broader collapse in the crypto lending space. U.S. Securities and Exchange Commission chair Gary Gensler revealed his negotiations with his colleagues from Commodity Futures Trading Commission (CFTC) on the regulation of digital assets. SEC and CFTC are working on a “memorandum of understanding” Source