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Congress Passes Funding Bill to Avoid US Government Shutdown


The United States Senate passed a bipartisan bill on Saturday evening, just three hours before the midnight deadline, to prevent a government shutdown.  The bill, which received overwhelming support with a vote of 88 to 9, funds the government for the next 45 days, until November 17.  In a late...

U.S. House Bill Seeks Centralized Record of Off-Chain Crypto Transactions


It would be hard for a big exchange to repeat an FTX collapse if the firm’s internal flow of crypto assets was also reported to an outside repository that U.S. regulators could see. That’s the idea behind new legislation from Rep. Don Beyer (D-Va.) that would force exchanges to share the movement...

US House Committee Passes Bill to Block Digital Dollar Launch


A bill designed to block the potential launch of a US central bank digital currency (CBDC) has progressed to the floor of the US House of Representatives following the house committee approval on Wednesday.  The bill, spearheaded by Republicans within the House Financial Services Committee,...

Maxine Waters Slams Republican Bill Hindering U.S. Progress on CBDC


The U.S. House Financial Services Committee is currently a battleground for discussions concerning the possible launch of a Central Bank Digital Currency (CBDC) by the Federal Reserve.  Today, Maxine Waters, a Democratic representative from California, sharply criticized a bill reintroduced...

Brazil Debates Bill To Protect Debtors’ Digital Assets


Brazilian lawmakers make moves to include cryptocurrencies in the list of debtors-protected assets on behalf of creditors following their recognition as tradable property. In recent months, Brazil has embarked on a major change to reduce the seizures of debtors' assets which is meant to settle...

UK Passes Bill to Seize Crypto from Illicit Activities


The United Kingdom’s House of Lords has pushed The Economic Crime and Corporate Transparency bill to its final stages of approval. The bill was introduced in September 2022 with a bid to expand the powers of financial authorities in the country to confiscate monetary proceeds from financial crimes...

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