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US Congress Passes First Standalone Crypto Legislation
19.5.2024
The U.S. Congress has passed its first standalone crypto legislation, which aims to overturn the controversial U.S. Securities and Exchange Commission (SEC)’s SAB 121 rules regarding crypto assets. However, President Joe Biden has threatened to veto this decision, citing concerns about...
Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?
17.5.2024
Crypto firms rally behind FIT21 bill approaching US House floor vote
17.5.2024
Lawmakers expect to vote on a bill clarifying how regulators handle digital assets by June after a majority in both chambers passed a resolution against an SEC crypto rule
US Senators Propose $32 Billion Investment Plan to Boost AI and Tech Growth
16.5.2024
Four senators from different political parties are calling on Congress to act decisively and boldly on May 15 in order to ensure American leadership in the field of artificial intelligence (AI).
The post US Senators Propose $32 Billion Investment Plan to Boost AI and Tech Growth appeared first...
Former House Speaker Paul Ryan Says Stablecoins Could Be Worth “Trillions” Once Regulated
16.5.2024
Paul Ryan said last week that stablecoins may help drive demand for dollars and U.S. debt.
The post Former House Speaker Paul Ryan Says Stablecoins Could Be Worth “Trillions” Once Regulated appeared first on Cryptonews
Halo Composer Running For Congress 'Intends To Win' Because He's A 'Gamer'
14.5.2024
A few months ago, former Bungie composer Marty O’Donnell announced he was running for Congress. And in a new interview, the Halo and Destiny composer says he’ll succeed because he’s a “gamer” and also because, making Halo 2 was harder than governing a nation. Read more
Anti-Crypto Mixer Blockchain Integrity Act Introduced in US House of Representatives
11.5.2024
The Blockchain Integrity Act, a piece of legislation that seeks to put a 2-year moratorium on using cryptocurrency mixers, was introduced by U.S. Congressman Sean Casten on March 7 in the U.S. House of Representatives. Co-sponsored by Reps. Bill Foster, Brad Sherman, and Emanuel Cleaver, the bill...
Senate Urged to Swiftly Overturn SEC’s ‘Misguided’ Crypto Rules
11.5.2024
Following the U.S. House of Representatives passing a resolution to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121), Senator Cynthia Lummis has urged the Senate to do the same. The resolution aims to prevent regulatory overreach that makes it prohibitive for financial institutions...
House Poised to Vote on Erasing SEC Crypto Policy While President Biden Vows Veto
8.5.2024
The U.S. House of Representatives is poised to vote on a resolution Wednesday to reject the Securities and Exchange Commission (SEC) cryptocurrency accounting guidance that the industry said has deterred banks from handling crypto customers, but President Joe Biden is already promising he'll veto...
CFTC Commissioner wants to create AI Fraud Task Force
3.5.2024
Commissioner Kristin Johnson’s remarks came just a day after the CFTC appointed its first chief AI officer
US Lawmaker Slams SEC’s Investigation of Ethereum — Says Chair Gensler Intentionally Misled Congress
1.5.2024
U.S. House Financial Services Committee Chairman Patrick McHenry has slammed both the U.S. Securities and Exchange Commission (SEC) and Chair Gary Gensler regarding the SEC’s investigation into ethereum, suggesting that ether might be classified as a security. Additionally, the lawmaker...
U.S. House Financial Services Committee Chair Patrick McHenry Blasts Gary Gensler, SEC Over ETH Security Stance
1.5.2024
House Financial Service Committee Chair Patrick McHenry has taken to X to claim United States Securities and Exchange Commission (SEC) Chair Gary Gensler “knowingly misled Congress when pressed on the classification” of Ethereum (ETH) in testimony the U.S. regulator gave to the Financial Services...
House's McHenry Accuses SEC Chief Gensler of Misleading Congress on Ethereum
30.4.2024
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has been accused of misleading Congress by Rep. Patrick McHenry, the chairman of the House Financial Services Committee, who said Gensler's agency already knew it considered Ethereum's ether a security before he attended a hearing...
Stablecoin Bill Unlikely to Get Pinned to FAA Reauthorization, Putting Effort On Hold Again
30.4.2024
Advocates for long-awaited U.S. stablecoin legislation tried to tie it onto an unrelated must-move reauthorization bill, but leaders in the Senate and House of Representatives are seeking to keep that effort clear of such attachments, according to a Democratic aide
US stablecoin bill to ‘cement’ dollar dominance, fight sanction evasion
29.4.2024
The Lummis-Gillibrand Payment Stablecoin Act is a step in the right direction, but enactment in an election year may be difficult
‘Buy Bitcoin’ Sign Held up During Yellen’s Testimony to Congress in 2017 Sells For $1M
26.4.2024
The infamous "Buy Bitcoin" sign held up by Christian Langalis during Federal Reserve Chair Janet Yellen’s Congressional testimony in 2017 has been sold for a staggering $1 million.
The post ‘Buy Bitcoin’ Sign Held up During Yellen’s Testimony to Congress in 2017 Sells For $1M appeared first...
House committee ranking member says a stablecoin bill could be coming soon
25.4.2024
House Financial Services Committee Ranking Member Maxine Waters said a stablecoin bill “in the short run” was coming amid negotiations with Republican lawmakers and the Senate
Stablecoin Bill Could be Ready for the U.S. House Soon Says Top Democrat Maxine Waters: Bloomberg
25.4.2024
U.S. House Representative Maxine Waters (D-California), the top Democrat on the House Financial Services Committee, told Bloomberg Wednesday "We are on our way to getting a stablecoin bill in the short run.”
What’s at Stake for Crypto in India As the World’s Largest Democracy Is in the Midst of Its National Election?
24.4.2024
India’s general election in 2024 is not expected to immediately affect crypto policy, and its current – restrictive – rules are expected to continue on through the upcoming Parliamentary term
Crypto PAC Spent Millions to Get Alabama Candidate on Path Toward Congress
17.4.2024
Shomari Figures, a Washington insider with a lengthy progressive resume, didn't pull in the most money in direct contributions as he sought one of Alabama's seats in the U.S. House of Representatives. Still, the crypto-friendly candidate dominated the crowded field of fellow Democrats and then...