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‘Landmark’ Crypto Law Proposed in New York to Establish ‘Strongest and Most Comprehensive’ Crypto Regulations in US
8.5.2023
New York State Attorney General Letitia James has proposed “landmark” crypto legislation that claims to be “the strongest and most comprehensive set of regulations on cryptocurrency” in the United States. “Rampant fraud and dysfunction have become the hallmarks of cryptocurrency and it is time...
Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector
6.5.2023
The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy while increasing its tax burden. Miners Face Higher...
Sen. Warren Plans To Reintroduce Crypto Bill To Crack Down on National Security Risks
5.5.2023
Democratic Sen. Elizabeth Warren has plans to reintroduce a cryptocurrency bill to crack down on money laundering and terrorist financing.
The long-standing crypto critic said she planned to reintroduce that legislation during a Senate Armed Services Committee hearing on Thursday....
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Florida Takes a Stand Against CBDCs: Anti-CBDC Bill Receives Overwhelming Support in House and Senate
4.5.2023
In the wake of Florida Governor Ron DeSantis’ remarks in Jacksonville on Tuesday, both the Florida House of Representatives and Senate have approved the state’s anti-central bank digital currency (CBDC) legislation, dubbed SB 7054. The bill explicitly states that should the U.S. central...
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,”...
ChatGPT, Midjourney, other AI tools to make their way into EU legislation
28.4.2023
The bill will classify the risk of AI tools and force developers of generative-AI applications to disclose the use of any copyrighted materials
Draft bill suggests separating legislation on payment stablecoins and digital asset markets
24.4.2023
The draft bill no longer included aspects of an earlier version that included legislation of custodial service providers and algorithmic stablecoins, as well as a CBDC study
House Republicans Make Case on Stablecoin Bill After Democrats Called for Do-Over
24.4.2023
Republicans on the House Financial Services Committee are taking another swing at stablecoin legislation with a discussion draft revealed Monday afternoon, which may mark a new starting point for negotiations with Democrats
Ukraine to Adopt Europe’s Crypto Rules, Clarifies Taxation
23.4.2023
Officials have revealed that Ukraine intends to implement the crypto market rules approved by the European Parliament. While the government is already moving in that direction, the tax service has issued a clarification regarding the taxation of income resulting from cryptocurrency transactions....
EU Parliament Greenlights Markets in Crypto Assets Law, Tracing Rules
21.4.2023
Members of the European Parliament gave their final approval to a package of EU-wide regulations for crypto assets. The legislators also backed the introduction of mechanisms allowing the tracing of cryptocurrency transactions which will also apply to private crypto wallets above a certain...
Arkansas Makes Gold, Silver Legal Tender; 23 States Involved in Similar Legislation to Establish US Dollar Alternatives
21.4.2023
A bill signed into law on April 11 has made gold and silver legal tender in the U.S. state of Arkansas, allowing citizens to use gold and silver coins to pay debts. The bill also clarifies that gold and silver “specie” (coins) will not be considered property for tax purposes,...
The European Parliament adopts crypto-focused MiCA legislation
20.4.2023
After that the legislation, introduced for the first time in 2020, should grant approval from the European Council to be published as an effective regulation
US Lawmaker Introducing Legislation to Remove SEC Chairman Due to ‘Long Series of Abuses’
19.4.2023
A U.S. lawmaker has announced that he is introducing legislation to remove the Securities and Exchange Commission (SEC) chairman in order to “correct a long series of abuses.” The SEC, under Chair Gary Gensler, has been heavily criticized for its enforcement-centric approach to regulating...
Draft U.S. Stablecoin Bill Shows Major Difference Between Stablecoins and CBDCs
17.4.2023
Rep. Davidson to introduce legislation to fire SEC boss Gensler for crypto overreach
17.4.2023
A U.S. Representative has declared he will introduce legislation to have SEC boss Gary Gensler removed from his role
Circle exec to join US Congressional committee hearing on stablecoin payments, legislation
16.4.2023
The Financial Services Committee issued a memorandum to announce an upcoming hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation.”
US House Committee Publishes Draft Stablecoin Bill
15.4.2023
The stablecoin is the first major piece of crypto legislation in 2023
US share of global crypto developers fell 26% in 5 years — a16z
11.4.2023
In 2018, nearly 40% of all crypto developers were based in the United States, whereas in 2022, this figure had fallen to less than 30%
Texas Lawmakers Introduce Bill Proposing to Establish a Gold-Backed Digital Currency
8.4.2023
Two Republican lawmakers from Texas, senator Bryan Hughes and representative Mark Dorazio, have introduced legislation to create a gold-backed digital currency that could be enacted by the state legislature. The policymakers believe that this currency could greatly benefit the Lone Star State...
Texas Bill Limiting Benefits for Crypto Miners Unanimously Passes Committee Vote
4.4.2023
Texas is a major hub for bitcoin miners, many of whom have taken advantage of demand response programs, which the bill looks to curb