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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

The Big Issues of Stablecoin Issuance

19.4.2023
Here are the key issues as the House Financial Services Committee hears testimony about stablecoin regulation

Congress members torching SEC boss while Bitcoin reclaims $30k

19.4.2023
After years of tormenting the crypto industry, the SEC boss, Gary Gensler, is under heavy fire. The Chair was recently torched by the US Congress members for shilling Algorand previously. Gary recently attended a court hearing where the congressmen asked the Chair about ETH. The 5-minute grilling...

Speakers prepare to tell US House Financial Services Committee about stablecoins

18.4.2023
Five experts will testify at a hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation,” with two of them releasing their scripts in advance

ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations

18.4.2023
There is a lot of discussion lately about the U.S. government’s debt ceiling and whether Congress will act before defaulting. In a recent interview, Christine Lagarde, the president of the European Central Bank (ECB), said she is confident the U.S. can maintain its debt obligations. However...

Crypto Companies May Use a Supreme Court Doctrine to Push Back Against SEC: Lawyer

18.4.2023
Crypto firms are using the major questions doctrine as a way to fend off regulators, Jason Gottlieb, a partner at Morrison Cohen LLP, said

US House committee chair repeatedly presses SEC chair: 'Is Ether a commodity or a security?'

18.4.2023
Securities and Exchange Commission chair Gary Gensler has said the SEC considers Bitcoin a commodity, but refused to pin down Ether at an oversight hearing

Congressional Republicans Criticize SEC Chair Gary Gensler's Crypto Approach Ahead of Hearing

18.4.2023
Republicans on the House Financial Services Committee sent a letter criticizing Securities and Exchange Commission Chair Gary Gensler and his repeated entreaties to crypto companies to "come in and register" moments before a congressional hearing on his agency