1. Criticism of Federal CBDC
2. Call for Smart Crypto Regulation
3. Dutch Regulator's Warning

John Deaton, who recently declared his candidacy for the US Senate, expressed his opposition to a central bank digital currency (CBDC) in an interview with Generation Infinity. He also emphasized the importance of regulatory clarity and bringing fresh ideas into the government.

Criticism of Federal CBDC

John Deaton expressed concern that a CBDC could give the government excessive control over citizens' spending and potentially replace cash while monitoring monetary use. He also pointed out that Senator Elizabeth Warren’s support for a CBDC could limit the use of cryptocurrencies like Bitcoin. Deaton believes that a federal-issued CBDC could be a strategy to ban self-custody of crypto assets. In addition to his stance against CBDCs, Deaton highlighted the importance of government accountability and the need for regulatory clarity in the crypto industry.

Call for Smart Crypto Regulation

Ki Young Ju, CEO of CryptoQuant, called for 'smart regulation' to allow the industry to grow while mitigating fraud risks. He emphasized that well-structured regulations can foster trust and sustainable development. Notably, his comments sparked a debate within the crypto community: some supported the need for regulation, while others expressed concerns that it might limit profit opportunities and lead to centralization.

Dutch Regulator's Warning

The Dutch Authority for the Financial Markets (AFM) issued a warning about pump-and-dump schemes ahead of the upcoming Markets in Crypto-Assets Regulation (MiCA), which comes into effect on December 30. MiCA will prohibit market manipulation practices such as pump-and-dump schemes across the European Union. The regulation aims to increase transparency and protect investors, although there are still concerns that it might push crypto firms out of Europe in favor of more crypto-friendly regions.

Discussions around crypto regulation continue in both the US and Europe. John Deaton and other influential figures stress the need for clear and sensible regulations that can foster industry growth and user protection.