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Bill Seeks to Oblige South Korean Lawmakers to Declare Crypto Assets


A new bill requiring South Korean lawmakers to disclose their cryptocurrency holdings has been proposed in Seoul. The legislative initiative comes amid a snowballing scandal surrounding the crypto dealings of an opposition lawmaker whose case has been referred to the parliamentary ethics committee....

US Lawmakers Introduce ‘First Bipartisan Bill’ Blocking a CBDC


US lawmakers from both sides of the aisle introduced a bill this week to block the Federal Reserve from issuing a central bank digital currency.  Republican Rep. French Hill of Arkansas and Democratic Rep. Jake Auchincloss of Massachusetts introduced the bill this week, dubbed the Power of...

Texas Lawmakers Pass Proof-of-Reserves Cryptocurrency Bill


The Texas legislature passed a bill this week requiring cryptocurrency exchanges to provide a “proof of reserves,” the latest move by the lone star state.  HB-1666, co-sponsored by state Republicans Rep. Giovanni Capriglione and Sen. Tan Parker, applies to digital asset service providers that...

Rep. Maxine Waters Ushers In Stablecoin Bill Ahead of Thursday House Hearing


Rep. Maxine Waters is ushering in a draft bill to regulate stablecoins ahead of a House hearing this week. The California Democrat’s draft bill would “provide requirements for payment stablecoin issuers, research on a digital dollar, and for other purposes,” according to a committee memo...

CBDCs Banned in Florida as Governor Ron DeSantis Signs New Bill


Florida Governor Ron DeSantis has signed a new bill banning central bank digital currencies (CBDCs) in the state.  The bill, dubbed SB-7054, bans the use of a CBDC as money within the state of Florida. It also prohibits the use of CBDCs issued by other governments and calls on other states to...

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