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How To Stop Criminals From Exploiting DeFi, According To Polygon Labs


Polygon Labs – the main developers behind the blockchain scaling network Polygon – published a research paper on Monday explaining how the government should go about regulating the DeFi industry. From the Treasury Department to the U.S. Senate, politicians have been loudly criticizing crypto’s...

Congressman Rand Paul Reintroduces ‘Audit the Fed’ Bill


Congressman Rand Paul reintroduced the Federal Reserve Transparency Act, also known as the “Audit the Fed” Bill, as a standalone piece of regulation into the U.S. Senate. The bill seeks to take the lid off what Paul considers to be the “entirely unknown inner workings”...

Cryptocurrency Rights Bill Introduced in Virginia


A bill that seeks to safeguard the cryptocurrency rights of the citizens has been introduced to the Senate of Virginia. The bill, sponsored by State Sen. Saddam Azlan Salim, would guarantee that citizens can self-custody, transact, mine, and pay with cryptocurrency, also exempting cryptocurrency...

Senate Coalition Grows to Crack Down on Crypto’s Use in Illicit Finance


U.S. Senator Elizabeth Warren’s bill to crack down on crypto’s use in illicit finance has gained more support among lawmakers. “The Treasury Department is making clear that we need new laws to crack down on crypto’s use in enabling terrorist groups, rogue nations, drug lords...

US Lawmakers Introduce Bipartisan Anti-Crypto Terror Finance Bill in Senate


Source: AdobeStock A group of bipartisan United States lawmakers have introduced a bill to the Senate aimed at preventing terror organizations and their financial enablers from accessing financial aid in fiat and digital assets in the country. Billed to be cited as The Terrorist Financing...

JPMorgan’s Jamie Dimon Urges Government to Shut Down Bitcoin


Source: a video screenshot During a Senate Banking Committee hearing on Capitol Hill, JPMorgan Chase CEO Jamie Dimon expressed his strong opposition to cryptocurrencies, specifically Bitcoin (BTC).  Dimon’s remarks came in response to questioning from Senator Elizabeth Warren, where...

JPMorgan's Jamie Dimon and Sen. Elizabeth Warren Team Up to Bash Crypto


JPMorgan Chase CEO Jamie Dimon has never been shy about trashing crypto, even while his giant Wall Street bank became a leader in using blockchain technology to move billions. At a U.S. Senate hearing Wednesday, he slammed the industry again, to the delight of Sen. Elizabeth Warren (D-Mass.),...

Brazilian Senate OKs ‘15% Crypto Tax Rate’


Source: karlavidal/Adobe Brazilian senators have voted in favor of a bill that proposes taxing crypto tax profits earned on overseas crypto platforms at a fixed rate of 15%. Per the parliamentary website and a report from Brazil’s Livecoins, lawmakers “seriously amended” the bill to ensure...

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