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US House Lawmakers on Both Sides Seemingly Agree on Need for Crypto Legislation
10.5.2023
Lawmakers on both sides of the aisle seem to be reaching some sort of agreement on the need for legislation to regulate cryptocurrency.
Rep. French Hill, R-Ark., said his Democratic colleagues have told him they have supported “commonsense legislation for months.”...
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OpenAI CEO to testify before Congress alongside ‘AI pause’ advocate and IBM exec
10.5.2023
AI experts from IBM, NYU, and OpenAI will testify before the U.S. Senate on May 16 in a hearing entitled “Oversight of A.I.: Rules for Artificial Intelligence.”
Crypto Self-Regulatory Organization Plan Floated in US House Hearing
10.5.2023
US lawmakers drifted the idea of regulating cryptocurrency through a self-regulatory organization putting both the Securities and Exchange Commission and the Commodity Futures Trading Commission in charge.
Rep. Stephen Lynch, D-Mass., asked former CFTC Chair Timothy Massad what measures would...
Previewing Congress's Joint Crypto Regulation Hearing
10.5.2023
Over the past several weeks, Congress – particularly the House Financial Services Committee – has held a number of hearings on crypto and its role in the world. Even a hearing supposedly focused on overseeing the U.S. Securities and Exchange Commission instead mostly saw questions on crypto...
Kraken Chief Legal Officer and Former CFTC Chair To Testify at Joint House Congressional Hearing
9.5.2023
Top legal officers and a former regulator are slated to testify in front of US congressional committees on Wednesday to unpack digital asset regulation following ongoing tension between the industry and federal agencies.
The House Financial Services Subcommittee on Digital Assets, Financial...
SEC Probes First Republic Bank Executives for Insider Trading; Lawmakers Dump Bank’s Shares Before Collapse
6.5.2023
After the second largest bank failure in history, the U.S. Securities and Exchange Commission (SEC) is reportedly investigating First Republic Bank executives for allegedly engaging in insider trading. Two sources have claimed that the securities regulator is scrutinizing the bank’s...
House Financial Services and Agriculture Subcommitees To Hold Digital Assets Hearing
4.5.2023
A House Financial Services Committee panel together with a House Agriculture subcommittee plan to unpack digital asset regulation during a hearing next week.
Both of those subcommittees’ digital asset focused subcommittees will jointly hold the hearing titled “The Future of Digital Assets:...
US lawmakers introduce bipartisan bill proposing ban on members investing in 'financial instruments'
3.5.2023
Representatives Alexandria Ocasio-Cortez and Matt Gaetz — lawmakers diametrically opposed on a variety of issues — joined forces to stop congressional members from trading stocks
Russia Monitoring US Economy Amid Possible Default, Says Official
3.5.2023
Russia is closely monitoring the U.S. economy amid discussions of the U.S. government defaulting on its debt obligations. Treasury Secretary Janet Yellen said the Treasury will be unable to pay the government’s bills if Congress does not act by June 1. Russia Monitoring US Economy in Case of Debt...
Ron DeSantis Vows to Prohibit CBDC, ‘Woke Politics,’ and ‘Financial Surveillance’ in Florida
3.5.2023
Florida governor Ron DeSantis reiterated his call for a ban on central bank digital currencies (CBDCs) during a visit to Jacksonville on Tuesday. Last March, DeSantis pushed for legislation to prohibit a CBDC in Florida. At Tuesday’s event called “Government of Laws, Not Woke Politics,”...
US congressmen chide presidential advisers over crypto stances in economic report
2.5.2023
The legislators objected to a chapter of the president’s annual report that they believe diminished the role of Congress and could damage the economy with its hostility to digital assets
Treasury Secretary Yellen Warns US Could Default on Its Debt by June 1
2.5.2023
U.S. Treasury Secretary Janet Yellen has warned that the Treasury will not be able to pay all of the government’s debt “as early as June 1, if Congress does not raise or suspend the debt limit before that time.” Yellen also cautioned that the U.S. defaulting on its debt obligations...
What the Gensler hearing means for US crypto regulation and policy
1.5.2023
Gensler was reluctant to go into details and faced symbolical pressure rather than genuine attempts to interrogate, leaving the crypto industry without any new clarity
U.S. House Will Have Crypto Bill in 2 Months: McHenry
29.4.2023
AUSTIN, Texas – The U.S. House Financial Services Committee and House Agriculture Committee will put together legislation to oversee the crypto sector in the "next two months" after holding joint public hearings starting May, said Patrick McHenry (R–N.C.), chair of the House Financial Services...
US House committees hear similar testimonies in simultaneous hearings on digital assets
27.4.2023
A range of speakers addressed issues of agency turf wars and regulator fitness in hearings on regulatory gaps
US House Financial Committee Republicans look for records to show crypto debanking
27.4.2023
The lawmakers see a “coordinated strategy” to deny the digital asset industry access to banking that is not related to a desire to protect banks
Hillary Clinton Warns of ‘Worldwide Financial Meltdown’ and Dollar Losing Reserve Currency Status if US Defaults on Its Debt
26.4.2023
Former U.S. Secretary of State Hillary Clinton has warned that the U.S. defaulting on its debt obligations could lead to a global financial meltdown. “If Congress keeps flirting with default, calls for dethroning the dollar as the world’s reserve currency will grow much louder,” she stressed....
Lack of stablecoin regulation could push issuers out of US: Austin Campbell
19.4.2023
Lawmakers didn't reach a consensus between political parties on a stablecoin bill, as one witness warned this lack of regulatory clarify could drive certain projects abroad
Hong Kong Judge Rules Crypto Assets as ‘Property,’ Following Similar Rulings Worldwide
19.4.2023
In a court case linked to the now-defunct crypto exchange Gatecoin, a Hong Kong judge has ruled that cryptocurrencies are “property” which is “capable of being held on trust.” According to the law firm Hogan Lovells, this case should provide greater clarity to insolvency...
Democrats Blast Draft Stablecoin Bill in First 2023 Hearing on Issue
19.4.2023
Despite Republican House committee leaders publishing a draft bill and talking about progress, it hasn't been on the bipartisan level required for an eventual law, lawmakers said in a hearing Wednesday