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Sens. Lummis, Wyden oppose Justice Dept. stance on Tornado Cash charges
13.5.2024
If the Justice Dept. prevails in the case against the cryptocurrency mixer, internet service providers and the post office may also be liable to transmitter requirements, they said
U.S. Senators Question Justice Department's Pursuit of Crypto Mixers
13.5.2024
A bipartisan pair of U.S. senators is questioning Attorney General Merrick Garland about the "unprecedented interpretation" of law the Department of Justice (DOJ) is using to pursue cryptocurrency software services as unlicensed money-transmitting businesses
U.S. Senators Lummis, Gillibrand Take on Stablecoin Legislation With New Bill
17.4.2024
U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) are taking another swing at crypto-specific legislation, with a narrowly tailored bill seeking to define how stablecoins – cryptocurrencies that maintain a value with some other asset, like the U.S. dollar – will operate in...
U.S. Senators Elizabeth Warren and Charles Grassley Demand CFTC Chair Rostin Benham Explain Ties To Sam Bankman-Fried
16.4.2024
U.S. Senators Elizabeth Warren and Charles E. Grassley are demanding Commodity Futures Trading Commission (CFTC) Chair Rostin Benham shed light on correspondence he had with FTX founder Sam Bankman-Fried in the lead-up to the exchange’s collapse, a letter from the lawmakers to Benham dated April...
Pro-Bitcoin Senator Cynthia Lummis Leads Push for Stablecoin Regulation: A Look at the Bill and Its Impact
8.3.2024
U.S. Senators Cynthia Lummis and Kirsten Gillibrand are getting ready to unveil a landmark stablecoin regulation bill. The bill has received support from stakeholders including the Treasury and the New York Department of Financial Services.
The post Pro-Bitcoin Senator Cynthia Lummis Leads Push...
U.S. Senators Berate SEC's Gensler for Agency's 'Unethical' Handling of Crypto Case
8.2.2024
The U.S. Securities and Exchange Commission's admission that it misrepresented evidence in a lawsuit against the blockchain project DEBT Box casts doubt on its wider enforcement practices, several Republican senators argued in a letter to Chair Gary Gensler
At Least 18 U.S. Senators Show Support for Crypto, Data Reveals
29.1.2024
Recent data from Coinbase’s nonprofit advocacy organization, Stand with Crypto, reveals a growing divide among U.S. senators regarding their stance on cryptocurrency. At least 18 senators in the United States are currently supportive of crypto, while 30 senators stand in opposition. Stand...
Petition to Stop Proposed Crypto Ban in US Gains Traction
24.12.2023
A petition to stop a proposed crypto ban in the U.S. has gained traction. The Chamber of Digital Commerce explained that the Digital Asset Anti Money Laundering Act, introduced by Senator Elizabeth Warren and currently supported by 19 U.S. senators, is “a crypto ban” that...
JPMorgan CEO Jamie Dimon Says He’d Close Crypto Down if He Were the Government
8.12.2023
JPMorgan Chase CEO Jamie Dimon told U.S. senators in a congressional hearing that he would close down crypto if he were the government. Emphasizing that he has always been “deeply opposed” to crypto and bitcoin, the executive stressed that the true use case of crypto is criminals, drug...
7 Senators Urge Treasury and IRS to Rapidly Implement Crypto Tax Reporting Rule
13.10.2023
Seven U.S. senators have called on the Treasury Department and the Internal Revenue Service (IRS) to “implement the proposed crypto broker reporting rule as rapidly as possible.” The lawmakers stressed: “We are alarmed by the self-inflicted two-year delay for the rule’s implementation.” Senators...
US Senators Press Biden Administration for Measures to Counter ‘Serious National Security Threats’ Linked to North Korea, Crypto
8.8.2023
U.S. senators have pressed the Biden administration for measures to counter “serious national security threats” posed by North Korea’s dependence on cryptocurrency. According to the lawmakers, North Korea is using crypto “to evade harsh sanctions and support its ambitions to project...
U.S. Senators Tell DOJ to Investigate Binance for Potentially Lying to Lawmakers: Bloomberg
8.6.2023
Two senate democrats, including Sen. Elizabeth Warren, allege in a letter that the platform may have lied about Binance.US being an independent entity
US Senators Reintroduce ‘Accountability for Cryptocurrency in El Salvador (ACES) Act’
16.5.2023
U.S. Senators Jim Risch and Bob Menendez have reintroduced the “Accountability for Cryptocurrency in El Salvador Act,” known as the “ACES Act,” for discussion in the Senate. The piece of legislation seeks to examine the level of adoption of bitcoin as a legal tender in...
Binance's response to U.S. Senators lacks financial information: Report
18.3.2023
Binance's Patrick Hillman answered a letter from United States Senators requesting information on Binance's operations in the country and its relationship with Binance.US
US Senators Probe Crypto Exchange Binance About ‘Potentially Illegal Business Practices’
3.3.2023
Three U.S. senators have asked crypto exchanges Binance and Binance US for documents and answers pertaining to “potentially illegal business practices.” The lawmakers told Binance CEO Changpeng Zhao (CZ): “Your actions have called into question the legitimacy of your business...
US Senators Unveil New Crypto Bill — Experts Call It the ‘Most Direct Attack’ on Personal Freedom and Privacy of Crypto Users
16.12.2022
Two U.S. senators, including Elizabeth Warren, have introduced a bipartisan bill for the regulation of cryptocurrency. The bill, titled “Digital Asset Anti-Money Laundering Act,” is “the most direct attack on the personal freedom and privacy of cryptocurrency users and developers...
US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry
23.11.2022
Several U.S. senators have called on Fidelity Investments to reconsider allowing bitcoin in 401(k) retirement plans. “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious problems,” the lawmakers told Fidelity...
US Senators Question SEC Why Its Staff Is Quitting at Highest Pace in 10 Years
3.11.2022
Six U.S. senators have questioned the Securities and Exchange Commission (SEC) why its staff is quitting at a record pace. “Efforts to ram through hurried rulemaking without proper analysis, deliberation or consideration of downstream negative impacts is nothing short of regulatory...
US Senators Press Meta CEO Mark Zuckerberg on Crypto Scam Policies for Facebook, Instagram, Whatsapp
11.9.2022
Six U.S. senators have demanded answers from Meta CEO Mark Zuckerberg about how his company is handling cryptocurrency scams on its social media platforms, including Facebook, Instagram, and Whatsapp. “We are concerned that Meta provides a breeding ground for cryptocurrency fraud that causes...
US Senators Introduce Bill to Give CFTC Exclusive Jurisdiction Over Digital Commodities Spot Market
5.8.2022
U.S. senators have introduced the “Digital Commodities Consumer Protection Act of 2022” to empower the Commodity Futures Trading Commission (CFTC) “with exclusive jurisdiction over the digital commodities spot market.” Digital Commodities Consumer Protection Act U.S....