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Nalezeno "congress": 1472

Circle CEO spells doom scenario for US dollar in warning to Congress

14.7.2023
Jeremy Allaire claimed the U.S. dollar is “under threat” and urged lawmakers to pass stablecoin regulation to “build trust” in a digital dollar

FTC Blasted By Congress And Gamers For Doing Its Job

14.7.2023
Under chair Lina Khan, the Federal Trade Commission (FTC) has taken a lot of heat for trying to be aggressive in its approach to regulating tech companies and preventing monopolies. Now the FTC is facing criticism from both Republicans in Congress and very online Xbox fans for appealing a recent...

A Second Round of the Lummis-Gillibrand Crypto Bill Elevates CFTC, Defines DeFi

12.7.2023
The U.S. Securities and Exchange Commission (SEC) would take a back seat in a crypto oversight bill being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), which would require that crypto exchanges be overseen by the Commodity Futures Trading Commission (CFTC) and...

U.S. Senate Finance Committee Asks Crypto Industry for Tax Guidance

12.7.2023
The committee sought input from the cryptocurrency industry to better understand the tax challenges presented by digital assets

US Senator Expresses Concern Over Prometheum Co-CEO’s Congressional Testimony

11.7.2023
On Monday, U.S. senator Thomas Tuberville (R-AL) published an open letter to U.S. attorney general Merrick Garland and Securities and Exchange Commission (SEC) chairman Gary Gensler expressing concern over allegations that Prometheum, Inc., a registered digital asset company, may have provided...

US lawmakers allege CCP connection in calling for SEC, DoJ investigation of Prometheum

10.7.2023
Republican members of Congress stepped up their allegations of Prometheum's ties to the Chinese Community Party, claiming potentially false or misleading statements to the SEC

Coinbase CLO Paul Grewal: SEC’s Interpretation of ‘Investment Contract’ Violates Law

6.7.2023
Paul Grewal, CLO of Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has accused the U.S. Securities and Exchange Commission (SEC) of violating the law by assessing what constitutes an investment contract. Grewal’s reasoning comes from the Supreme Court of the United...

US Representative Warren Davidson: ‘CBDC Corrupts Money Into a Tool for Coercion’

5.7.2023
Warren Davidson, U.S. representative and part of the House Committee on Financial Services, has disregarded issuing a central bank digital currency (CBDC) in the country. Davidson explained that CBDCs corrupt money into a “tool for coercion” and detailed that there was no legal way...

Bittrex Requests Dismissal of SEC Lawsuit, Arguing for Congressional Approval in Crypto Regulation

2.7.2023
According to a recent court filing, the U.S. subsidiary of Bittrex has requested the dismissal of the case filed against the exchange by the U.S. Securities and Exchange Commission (SEC). Attorneys for Bittrex argue that the SEC cannot regulate cryptocurrency assets as securities without approval...

Gary Gensler Failed the U.S. Crypto Industry, and So Has Congress

28.6.2023
As long as he keeps following the "one over nine" rule, the U.S. Securities and Exchange Commission will ruin crypto summer

Circle CEO Jeremy Allaire: ‘Other Governments Are Regulating Digital Dollars Before the US’

26.6.2023
Jeremy Allaire, CEO of Circle, the company behind the issuance of usd coin (USDC), has expressed his worries about the state of stablecoin regulation in the U.S. In a congressional hearing, Allaire stated that other governments were already regulating the issuance of digital dollars (dollar-backed...

Economist Peter Schiff Slams Fed Chair Over Economic Concerns — Claims Powell Overlooks ‘Far More Relevant’ Factors

24.6.2023
Economist Peter Schiff has slammed Federal Reserve Chairman Jerome Powell over several key issues concerning the U.S. economy, the banking system, and the U.S. dollar. “Powell is a coward. He is not doing his job,” Schiff claimed, highlighting multiple factors affecting the economy that the...

Binance Brazil Executive Called to Testify in Congress Amid Regulatory Crackdown

23.6.2023
Amidst a global regulatory crackdown on Binance, the director of Binance Brazil, Guilherme Haddad, has been summoned to testify before the Brazilian parliament. Alfredo Gaspar, a member of the Brazilian Chamber of Deputies, initiated the summons. Haddad is expected to provide testimony as part...

Binance faces scrutiny in Brazil, exec summoned to testify before Congress

22.6.2023
This development comes amid a global regulatory crackdown on Binance, which is facing scrutiny in multiple countries

CFTC to Review Prediction Market Kalshi’s Contracts to Bet on Control of Congress

17.6.2023
The Commodity Futures Trading Commission will decide on June 26 whether to start a formal 90-day review of prediction market provider KalshiEX’s contract that allows users to bet on which party takes control of the U.S. Congress

US Treasury Secretary: No Alternative Reserve Currency Can ‘Replicate’ Role Played by the Dollar

16.6.2023
United States Treasury Secretary Janet Yellen recently told members of the U.S. Congress that while some countries are seeking to create alternatives to the greenback, no country, including China, can create a currency which replicates the dollar’s role in the global financial system....