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A scene depicting the US Senate in session, painted in the style of a classic courtroom sketch, with important figures carefully detailed, seated amid a grand parliamentary backdrop. The atmosphere is intense under the harsh, focused lighting of rigorous debate. The color palette is a subtle blend of stern grays and blues, but peppered with optimistic strokes of innovation's golden tones, as crypto coins subtly scattered illustrate the topic of discussion. The overall mood is a balancing act filled with tension between oversight and innovation.

2024 NDAA and Crypto: Striking Balance between Oversight and Innovation

The United States Senate has passed the 2024 National Defense Authorization Act that targets crypto mixers, crypto trading institutions, and anonymous coins. The bill draws provisions from the Digital Asset Anti-Money Laundering Act and the Responsible Financial Innovation Act for improved oversight on crypto-based activities. Key measures include examination standards for crypto, preventing FTX-style events, and studies to curb anonymous crypto transactions.

Intricate parliament scene, South Korean lawmaker stepping out, dimly lit room, Renaissance art style, somber mood, tense expressions, open legislation book with crypto symbols, distant central bank building, innovators working on digital platforms, juxtaposition of regulation & growth, balanced composition, subdued color palette.

South Korean Lawmaker’s Departure: Crypto Regulation vs Industry Growth Conflict

South Korean lawmaker Kim Nam-kuk departs from the Democratic Party amid allegations surrounding his crypto dealings. Nam-kuk faces accusations of liquidating $4 million worth of crypto assets before the implementation of the Travel Rule in March 2023. South Korea’s central bank recently gained authority to investigate crypto-related businesses, balancing regulation and industry growth.