Share this article
Uniform Law Commission Sets Date for Debate on Digital Currency Rules
The creators of model digital currency regulation for use by US lawmakers are set to convene to discuss key obstacles this July.
By Wolfie Zhao
Updated Dec 10, 2022, 8:15 p.m. Published Jun 21, 2017, 10:00 a.m.
The Uniform Law Commission (ULC) is set to review outstanding issues with its model digital currency regulation at an upcoming annual meeting.
Tasked with considering uniform state legislation for alternative and mobile payment systems, the ULC has been focusing on digital currencies as part of its mandate to create consistency among US state laws for some time now.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
As such, the issues, outlined in a recent memohttp://www.uniformlaws.org/shared/docs/regulation%20of%20virtual%20currencies/2017AM_VirtualCurrencies_IssuesMemo.pdf showcase how much work and deliberation may be left before the model regulation is published and made available as a guide to state lawmakers.
Among the issues remaining include the definition of 'permissible investments' startups are allowed to keep on the books, and the definition of the term 'bank'.
Currently, states like Vermont and Illinois have revealed financial regulation that gives virtual currency businesses the ability to use assets they hold for customers as permissible investments, as this is generally seen as less burdensome.
However, in the same way, the ULC is seeking to assist state lawmakers grappling with such questions, in those states and others, providing them an easier way to give clarity to entrepreneurs and investors.
Such issues are likely to be at the fore of the next annual meeting, which will be hosted in California from 14th–20th July.
Microphones image via Shutterstock
Lebih untuk Anda
Yang perlu diketahui:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Lebih untuk Anda
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
Yang perlu diketahui:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
