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FinCEN Is Analyzing $165M in Transactions That May Tie Crypto and Hamas, Senior Official Says
14.3.2024
$85 Million Crypto Super PAC Sets Sights on Transforming Senate Makeup
9.3.2024
A well-funded political action committee (PAC) backed by prominent figures in the cryptocurrency industry has set its sights on key Senate races, with the goal of potentially shifting the balance of power in Congress.
The post $85 Million Crypto Super PAC Sets Sights on Transforming Senate Makeup...
Behnam Reiterates Call for Congressional Action on Crypto Regulation During House Committee Hearing
6.3.2024
Rostin Behnam, Chairman of the Commodity Futures Trading Commission (CFTC), has reiterated his call for Congress to pass legislation clarifying cryptocurrency regulation. The call for congressional action was presented during Wednesday's hearing before the House Agriculture Committee.
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'Congress Needs to Act' on Crypto Regulations, CFTC Chair Behnam Tells Lawmakers
6.3.2024
The CFTC Chair was testifying on the regulator's 2025 budget request
Destiny And Halo Composer Is Running For Congress
4.3.2024
Video games and Washington politics are converging in a way you might not have had on your 2024 bingo card. Martin “Marty” O’Donnell, the composer behind Bungie’s Destiny and Halo games, has announced his campaign for the U.S. House of Representatives in Nevada’s third congressional district...
House Financial Services Committee Advances Bill to Repeal SEC Bulletin Preventing Banks From Offering Crypto Custody Services
2.3.2024
The House Financial Services Committee of the U.S. Congress has advanced a resolution that seeks to disavow SEC SAB 121, a bulletin that leaves banks and financial institutions out of the cryptocurrency custody provider market. However, the resolution, advanced with bipartisan support, is unlikely...
House Financial Services Committee Votes In Favor of Resolution to Overturn SEC’s SAB 121
1.3.2024
The House Financial Services Committee voted on Thursday to proceed with a resolution that would “reverse” the United States Securities and Exchange Commission’s (SEC) controversial digital asset accounting bulletin, SAB 121, which critics claim has "serious ramifications" for the banking...
Did Elizabeth Warren Just Endorse Bitcoin? Not So Fast
15.2.2024
A stunt from Bitcoin supporters led to the appearance that the U.S. senator and staunch cryptocurrency opponent Elizabeth Warren signed an order for a flag to be flown over the U.S. capitol commemorating Satoshi Nakamoto
US Treasury to Discuss Crypto Finance Concerns at Congressional Hearing
14.2.2024
The United States Treasury is gearing up to address Congress on the emerging challenges posed by cryptocurrencies to existing financial regulatory frameworks. In his prepared testimony for the House Financial Services Committee, Brian Nelson, Treasury’s Under Secretary for Terrorism...
Janet Yellen Calls for Crypto Regulation in Congressional Testimony, Citing Financial System Risks
6.2.2024
Treasury Secretary Janet Yellen, in her forthcoming appearance before the House Financial Services Committee, is set to emphasize the potential dangers the cryptocurrency industry presents to financial stability, advocating for legislative action to regulate digital assets effectively. Treasury...
U.S. Congress Members Push Back Against SEC’s Controversial Accounting Bulletin SAB 121
2.2.2024
U.S. Congress Members introduced bipartisan legislation on Thursday in hopes of overturning the Securities and Exchange Commission’s (SEC) controversial Staff Accounting Bulletin 121 (SAB 121). Senator Cynthia Lummis (R-WY), Representative Wiley Nickel (D-NC), and Mike Flood (R-NE) have joined...
U.S. Lawmakers Seek to Overturn SEC's Crypto Accounting Policy
1.2.2024
Members of Congress are trying to delete the controversial U.S. Securities and Exchange Commission accounting bulletin that implies restrictions on companies that want to hold their customer's crypto assets
Argentine Government Drops Crypto Legalizing Opportunity From Omnibus Bill
30.1.2024
The Argentine government, presided by Javier Milei, has resolved to drop the tax opportunities for crypto in the omnibus bill presented to Congress. The bill allowed taxpayers to declare the ownership of some previously undeclared assets, with crypto also included, reducing the payments and fees...
A Backdoor Regulatory Option Haunts U.S. Crypto
29.1.2024
After the 2008 global financial meltdown, Congress set up a round table of regulators who could wield a unique tool against the next emerging threats. The Financial Stability Oversight Council (FSOC) can tag companies with systemic-risk labels that saddle them with tremendous new restrictions,...
Congressman Rand Paul Reintroduces ‘Audit the Fed’ Bill
29.1.2024
Congressman Rand Paul reintroduced the Federal Reserve Transparency Act, also known as the “Audit the Fed” Bill, as a standalone piece of regulation into the U.S. Senate. The bill seeks to take the lid off what Paul considers to be the “entirely unknown inner workings”...
Coin Center Responds to Scathing Letter from Senator Elizabeth Warren
15.1.2024
Adobe Coin Center has responded to allegations made by Senator Elizabeth Warren claiming the crypto non-profit was working to “undermine bipartisan efforts in Congress” by hiring “former defense, national security, and law enforcement officials.” Coin Center pushes back...
Two US Senators Ask SEC to Deliver Report to Congress on Breach of X Account
10.1.2024
Source: AdobeStock/ rarrarorro Two United States senators, J.D. Vance and Thom Tillis, have raised concerns about the recent breach of the United States Securities and Exchange Commission’s (SEC) X (formerly Twitter) account. In a letter addressed to SEC Chair Gary Gensler on the same day...
SEC Will Approve Spot Bitcoin ETF to Maintain Regulatory Control Over Crypto Industry, Analyst Says
4.1.2024
Investment bank TD Cowen predicts the U.S. Securities and Exchange Commission (SEC) will approve a spot bitcoin exchange-traded funds (ETFs) by the Jan. 10 deadline as a “political necessity.” The bank’s analyst believes that the SEC needs to “cement its role as a crypto...
75 US Lawmakers Now Support CBDC Anti-Surveillance Bill
2.1.2024
Congressman Tom Emmer’s CBDC Anti-Surveillance State Act now has 75 cosponsors. “A central bank digital currency is government-controlled programmable money that, if not designed to emulate cash, could give the federal government the ability to surveil and restrict Americans’ transactions,”...
US Lawmakers Seek to Fire SEC Chair Gary Gensler in 2024
30.12.2023
Two U.S. lawmakers have joined forces in an effort to fire Securities and Exchange Commission (SEC) Chairman Gary Gensler. “2024 would be a great time to fire Gary Gensler, pass the SEC Stabilization Act, [and] hold the SEC accountable for its corruption,” Congressman Warren Davidson...