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US Lawmaker Spotlights Crypto Bills Approved by House Committee This Year

26.12.2023
U.S. Congressman Tom Emmer has highlighted various crypto bills that passed out of the House Committee on Financial Services this year. Among them is his appropriations amendment barring the U.S. Securities and Exchange Commission (SEC) “from using taxpayer dollars on its abusive crypto...

Coinbase Fires Back at Senator Elizabeth Warren — Says Accusations Are Unfounded

26.12.2023
Nasdaq-listed crypto exchange Coinbase has responded to U.S. Senator Elizabeth Warren’s accusations that it hires national security veterans to oppose her legislation. “Your claim that Coinbase is attempting to undermine bipartisan legislation related to cryptocurrency is simply wrong....

Crypto Regulation News Weekly Digest: Anti-Money Laundering Support Gains Momentum in US Congress and India Takes Cautious Regulatory Approach

13.12.2023
US lawmakers push for stricter crypto regulation while India reiterated its plan for a slow, evolutionary approach to digital asset legislation. Image by Kerem Goktug Kaya, DALL-E 3. The past week saw major developments on the crypto regulation front. In the United States, The CFTC Chairman...

Senate Coalition Grows to Crack Down on Crypto’s Use in Illicit Finance

13.12.2023
U.S. Senator Elizabeth Warren’s bill to crack down on crypto’s use in illicit finance has gained more support among lawmakers. “The Treasury Department is making clear that we need new laws to crack down on crypto’s use in enabling terrorist groups, rogue nations, drug lords...

Warren’s Crypto Bill Is Likely Unconstitutional. It’s Also Unlikely to Pass

12.12.2023
Democratic lawmakers signed on to sponsor the Digital Asset Anti-Money Laundering Act. The bill is bad for crypto in the U.S., even if it never gets through Congress

US Senator Calls for Light Crypto Regulation That Doesn’t Kill Innovation and Drive Companies Offshore

9.12.2023
A U.S. senator says Congress needs to regulate the crypto industry “with a light touch that doesn’t kill innovation in the U.S.” Noting that crypto “has the potential to disrupt much of the traditional banking model,” he stressed that crypto regulation needs to...

Crypto Provisions Dropped From 2023 U.S. Defense Bill

8.12.2023
The military-linked bill is viewed as must-pass legislation, so lawmakers sometimes try to tack on other things to get them passed, too

JPMorgan CEO Jamie Dimon Says He’d Close Crypto Down if He Were the Government

8.12.2023
JPMorgan Chase CEO Jamie Dimon told U.S. senators in a congressional hearing that he would close down crypto if he were the government. Emphasizing that he has always been “deeply opposed” to crypto and bitcoin, the executive stressed that the true use case of crypto is criminals, drug...

Pro-Blockchain Bill Clears Hurdle in U.S. House

6.12.2023
Another crypto bill has cleared the goal posts of a committee in the U.S. House of Representatives, with the unanimous approval of legislation that would direct the U.S. Secretary of Commerce to support blockchain technology

House's McHenry Won't Seek Reelection, Costing Crypto a Top Ally: Politico

5.12.2023
Rep. Patrick McHenry (R-N.C.), arguably the crypto industry's most important advocate in the U.S. Congress, has decided not to seek another term, sources told Politico on Tuesday

Elizabeth Warren: D.C.’s Crypto Critic-in-Chief

4.12.2023
The U.S. Senator from Massachusetts is skeptical of crypto. It's a position she leaned into in 2023

Patrick McHenry Is Dragging Crypto Bills Through Congress

4.12.2023
The bowtied chairman of the House Financial Services Committee has shown persistence in the face of increasing partisanship on crypto issues

Treasury Asks Congress for More Authorities to Go After Illicit Actors in Digital Asset Space

1.12.2023
The U.S. deputy secretary of the Treasury has revealed that the Treasury Department has asked Congress for more tools and authorities “to go after illicit actors in the digital asset space.” Moreover, he stressed: “We need to update our illicit finance authorities to match...

Republicans' Leadership Squabbles Delayed U.S. Crypto Bills Until 2024, Key Lawmakers Say

30.11.2023
Republican Rep. French Hill and Democrat Rep. Jim Himes see potential future floor votes for crypto bills being key to convincing the Democrat-controlled Senate to play ball

U.S. Treasury Campaigning for Amplified Powers to Chase Crypto Overseas

29.11.2023
The U.S. Department of the Treasury is pressing lawmakers for a new set of powers that would give the government unprecedented enforcement and sanctions authority over the crypto sector, including the ability to roam well beyond American borders and get involved with transactions that don't involve...

Congressman Calls for Gensler’s Removal After SEC Sues a Crypto Exchange Twice in 10 Months

23.11.2023
A U.S. lawmaker has urged Congress to pass his bill that would fire U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler. This call followed the securities regulator filing a second lawsuit against crypto exchange Kraken this year after the exchange paid $30 million to settle...

US Lawmaker Urges Congress to Focus on Attracting Crypto Opportunities to Bolster National Security

23.11.2023
A U.S. lawmaker has called on Congress to focus its efforts on bringing more crypto activity and opportunities to the United States in order to “bolster U.S. national security.” Citing the Department of Justice’s action against crypto exchange Binance, the lawmaker stressed that Congress does...