The cryptocurrency industry is witnessing significant regulatory activity, with new laws and interpretations emerging rapidly across the United States and globally. This week’s top news covers Pennsylvania’s ban on public officials trading cryptocurrencies, CFTC initiatives to streamline regulation, investigations into stablecoin-related insider trading, and exciting developments in DeFi.
**U.S. Regulatory Focus**
Pennsylvania lawmakers are considering legislation that would ban public officials from engaging in cryptocurrency trades while in office. This move could set a precedent for other states and highlight the growing concern regarding conflicts of interest and potential insider trading within government service. Meanwhile, CFTC Acting Chairman Caroline Pham announced the next phase of the