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US crypto bills on the move, Worldcoin launches and Russia’s CBDC: Hodler’s Digest, July 23-29
29.7.2023
Crypto legislation goes to the House floor in the U.S., Worldcoin’s controversial launch and Russia’s digital ruble signed into law
'Historic week' as stablecoin, self-custody bills advance to House floor
28.7.2023
The bills aim to create a regulatory framework for payment stablecoins and enshrine rights for crypto users to self-custody digital assets
White House Derailed Negotiation on U.S. House Stablecoin Bill: McHenry
27.7.2023
The move comes a day after the finance-focused lawmakers agreed bills on crypto market structure
Coinbase CEO to Americans: Urge reps to vote ‘yes’ on crypto regulatory clarity bills
27.7.2023
Brian Armstrong said that voting yes to the bill would protect innovation and national security in the United States
Crypto bills pass congressional committee in 'huge win' for US crypto
27.7.2023
Two crypto regulatory bills have been passed by the United States House Financial Services Committee United States in one day
House Financial Services Committee Votes in Favor of Crypto, Blockchain Bills
27.7.2023
The House Financial Services Committee advanced a set of crypto bills after a landmark markup on Wednesday
US lawmakers invoke FTX and spar on direction of crypto bills
26.7.2023
On July 26, six pieces of legislation were being considered by the House Financial Services Committee including ones on regulatory clarity and consumer protection in the space
US crypto's future could fall on these 4 digital asset bills
25.7.2023
The crypto bills could hand power to the purportedly more crypto-friendly CFTC and better define the SEC’s jurisdiction
Two more crypto bills in the US: Law Decoded, July 17–24
24.7.2023
Last week was marked by two new legislative initiatives for the crypto industry in the United States
Former Paxful CEO Ray Youssef Urges Platform Users to ‘Cease Trading’
11.7.2023
On July 7, Ray Youssef, the former CEO of Paxful, told users of the peer-to-peer crypto marketplace to stop trading on the platform. Youssef claimed that Paxful is now “just paying legal bills” and that “no African or any non-American should trust any IS corporation.”...
Chinese Firms Using Digital Yuan to Pay Electricity Bills
30.6.2023
Energy providers in China are adding digital yuan payment options, allowing companies and individuals to settle their bills in the nation’s central bank digital currency (CBDC).
Per the news outlet Dizo, the city of Suzhou’s Xiangcheng District’s drainage and sanitation companies recently used...
UK crypto bill reaches final stage, on track for passage
29.6.2023
The legislation now waits on King Charles’ table for royal assent, the final step required for a parliamentary bill to become law
US Treasury yields are rising — What does it mean for Bitcoin price?
25.6.2023
The 5-year U.S. Treasury yield reached its highest level in 3 months, but the typical inverse correlation-based price action with Bitcoin might not work this time
Circle Restarts U.S. Treasury Purchases in BlackRock-Managed USDC Reserve Fund
21.6.2023
Repurchase agreements will keep being part of the reserve fund, Circle’s chief financial officer said Wednesday during a company call
US lawmakers propose bills to hold bank execs accountable for failures and address risks
21.6.2023
Maxine Waters did not specifically mention crypto in the proposed legislation, drafted in response to the collapse of Silicon Valley Bank, Signature Bank, and First Republic Bank
MakerDAO Boosts U.S. Treasury Holdings by $700M to Back DAI Stablecoin With Real-World Assets
21.6.2023
The purchase is the latest step to increase the role of real-world assets in the platform’s DAI stablecoin reserve
US lawmakers introduce National AI Commission Act
21.6.2023
A group of United States lawmakers introduced an Act to establish a commission on the approach toward artificial intelligence
Crypto Investing Platform Finblox Starts Offering Tokenized Treasury Yield With OpenEden
13.6.2023
Demand for tokenized versions of short-term U.S. government bonds has been increasing as crypto investors turn to real-world assets to earn returns on their investments
US House Committee releases new stablecoin bill draft
9.6.2023
The draft bill is set to go before the House Committee for discussion on June 13, and if approved by the House and the Senate, it could become the first form of crypto legislation in the U.S
US senators propose AI bills for transparency and innovation
9.6.2023
The bipartisan bills target government transparency when using AI and the formation of a new Office of Global Competition Analysis to stay on top of innovation