Rejection of crypto bill exposes Aussies to ‘unregulated market’ — Senator Bragg

Australian Senator Andrew Bragg's crypto regulation bill rejected by Senate Committee, exposing consumers to unregulated market according to Bragg.
Bragg slams partisan politics for bill rejection, though legal experts say separate regulatory process underway.
Bragg believes bill rejection stalls crypto regulation in Australia until late 2023 with no government plan.
Bill aimed to protect consumers, promote investment by regulating stablecoins, licensing exchanges, custody.
Bragg introduced bill in March, expected Senate vote next session; work so far seen as informing future regulation.

cointelegraph.com

Relevant topic timeline:

9/4/2023

Australia Senate Committee Rejects Crypto Bill From Opposition Senator Andrew Bragg

The Australian Senate rejects a proposed bill on digital asset regulation, instead recommending further consultation with the industry, causing criticism from opposition senator Andrew Bragg.

9/4/2023

Australian lawmakers reject Andrew Bragg’s crypto bill

The Committee on Economics Legislation in Australia has recommended that the Digital Assets (Market Regulation) Bill 2023 not be passed, suggesting further research on the topic instead.

9/4/2023

Australia Rejects Crypto Regulation Bill

The rejection of a new bill on cryptocurrency regulation by the Australian Senate reflects the country's cautious approach and leaves the industry without legal guidelines as crypto innovation continues.

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Critics Say Gensler's Aggressive Stance Against Crypto Industry Lacks Nuance and Legal Basis

The article argues that the SEC and Chairman Gensler's attempts to regulate digital assets are misguided and lack understanding of their potential, and advocates for Congress to prevent these overbearing regulations in order to allow the industry to thrive and contribute to the global economy.

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Posted 9/7/2023, 5:53:17 AM

Rejection of crypto bill exposes Aussies to ‘unregulated market’ — Senator Bragg

Australian Senator Andrew Bragg's crypto regulation bill rejected by Senate Committee, exposing consumers to unregulated market according to Bragg.
Bragg slams partisan politics for bill rejection, though legal experts say separate regulatory process underway.
Bragg believes bill rejection stalls crypto regulation in Australia until late 2023 with no government plan.
Bill aimed to protect consumers, promote investment by regulating stablecoins, licensing exchanges, custody.
Bragg introduced bill in March, expected Senate vote next session; work so far seen as informing future regulation.

cointelegraph.com

Relevant topic timeline:

9/4/2023

Australia Senate Committee Rejects Crypto Bill From Opposition Senator Andrew Bragg

The Australian Senate rejects a proposed bill on digital asset regulation, instead recommending further consultation with the industry, causing criticism from opposition senator Andrew Bragg.

9/4/2023

Australian lawmakers reject Andrew Bragg’s crypto bill

The Committee on Economics Legislation in Australia has recommended that the Digital Assets (Market Regulation) Bill 2023 not be passed, suggesting further research on the topic instead.

9/4/2023

Australia Rejects Crypto Regulation Bill

10/2/2023

Critics Say Gensler's Aggressive Stance Against Crypto Industry Lacks Nuance and Legal Basis