‘We're Not Asking for Special Treatment’: Coin Center on the Proposed IRS Broker Rules
[Nov 14, 2023 1:51 PM]
5 / 12 Relevant items tagged with #Congress
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First deadline window looms for SEC to approve Bitcoin ETFs: Law Decoded
[Nov 13, 2023 3:36 PM] Even if approved by Nov. 17, the spot Bitcoin ETFs are unlikely to come to market for at least a month after approval.
Ethics watchdog rats out Circle for links to Tron in letter to Sens. Warren, Brown
[Nov 10, 2023 8:41 PM] The Campaign for Accountability wanted to let the anti-crypto senators know that the threat of terrorist financing with crypto was worse than they thought.
House Approves Amendment to Limit SEC’s Crypto Enforcement Authority
[Nov 9, 2023 8:30 PM] The U.S. House of Representatives has approved an amendment to the Financial Services and General Government Appropriations Act that limits the authority of the U.S. Securities and Exchange Commission (SEC) to carry out enforcement actions against…
Biden Administration Seeks More Tools to Combat Illicit Crypto Use, Says Treasury Official
Rep. Tom Emmer proposes to defund SEC’s crusade against crypto
[Nov 8, 2023 8:25 PM] Rep. Tom Emmer added a provision in the House GOP spending bill that would block the SEC from using government funds to pursue crypto companies until Congress weighs in on who has jurisdiction over crypto.
U.S. House's Spending Bill Aims to Hamstring SEC's Gensler Amid His Crypto Crackdown
[Nov 8, 2023 5:58 PM] As the U.S. House of Representatives weighs legislation on next year's spending, a provision was added on Wednesday that would deprive funding from U.S. Securities and Exchange Commission (SEC) enforcement actions against crypto businesses.
U.S. Bill Proposes Outlawing Government Use of China-Made Blockchains and Tether's USDT
[Nov 8, 2023 4:20 PM] Government officials would no longer be able to use networks developed by China that power crypto transactions, according to a new bipartisan bill.
Discredited Crypto Terrorist Funding Figures Gain Fresh Life in House Hearing
[Nov 2, 2023 1:29 PM] Despite a raging online debate discrediting the scale of crypto support for terrorist groups, the story continues to resonate in important places. Most recently on Thursday, the ranking Democrat at a hearing in the U.S. House of Representatives…
U.S. SEC's Knock From Congressional Watchdog May Not Budge Crypto Accounting Policy
[Nov 2, 2023 9:21 AM] As the U.S. Securities and Exchange Commission (SEC) Chair keeps chasing non-compliance in crypto, his agency was slammed by the watchdog Government Accountability Office (GAO) for its own compliance failure in issuing crypto accounting standards…
Prediction Market Kalshi Sues U.S. CFTC for Denying Its Contracts for Congressional Elections
[Nov 1, 2023 4:42 PM] Prediction market Kalshi is suing the U.S. Commodity Futures Trading Commission (CFTC) for denying its effort to list derivatives for betting on the outcome of political events – specifically which party will control each chamber of the U.S…
GAO finds controversial SEC guidance is subject to congressional oversight
[Oct 31, 2023 3:29 PM] The SEC’s Staff Accounting Bulletin 121 has been the target of much criticism in the crypto community.
U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin: GAO
[Oct 31, 2023 1:11 PM] The U.S. Securities and Exchange Commission (SEC) was out of bounds when it issued its controversial "Staff Accounting Bulletin 121," according to the Government Accountability Office (GAO). The 2022 guidance, which the industry says threatens…
Coinbase-Backed Advocacy Group Enlists Crypto Masses, Raises $2M From 80,000
[Oct 31, 2023 9:00 AM] A Coinbase (COIN) effort to drum up a cross-country swell of amateur crypto advocates – the nonprofit Stand With Crypto – has paid off with a surge of more than 100,000 individuals getting involved in the opening weeks, organizers say.
Crypto Miners Lobby U.S. Lawmakers to Counter Environmental 'Misunderstanding'
[Oct 27, 2023 9:51 AM] When crypto mining is discussed in the U.S. Congress, it's often tied to claims that mining operations are environmental parasites, sapping finite energy resources. But representatives of that sector flooded offices on Capitol Hill this week to…
Cynthia Lummis leads the charge calling for DOJ action against Binance and Tether
[Oct 26, 2023 3:59 PM] U.S. Senator Cynthia Lummis and Representative French Hill urged the Justice Department to take “swift action” against Binance and Tether over facilitating funds for Hamas.
Media Reported Hamas Got Millions Via Crypto, but the Data Provider They Cited Says It Was Misconstrued
[Oct 26, 2023 8:04 AM] After Hamas' deadly attacks in Israel, media reports linked the terrorist group with tens of millions in crypto donations, but that data was misinterpreted and hugely exaggerated, according to the blockchain analytical firm that was cited.
US lawmakers discuss digital assets and the House gets a new Speaker
[Oct 25, 2023 2:16 PM] With the election of Mike Johnson as speaker of the U.S. House of Representatives, Congress will once again be able to move forward on crypto bills.
Pro-crypto lawmaker Tom Emmer ends hours-long speaker campaign: Report
[Oct 24, 2023 3:03 PM] The Minnesota congressman was one of only a few crypto proponents in Congress being considered as a possible speaker of the House by Republican lawmakers.
Pro-crypto lawmaker Tom Emmer wins Republican nomination for House Speaker
[Oct 24, 2023 11:34 AM] It’s unclear if Rep. Emmer will have enough support to win in a full floor vote, but the lack of a Speaker of the House has effectively halted all legislation since Oct. 3.
US Congress remains legislatively paralyzed on crypto bills without a House speaker
[Oct 23, 2023 11:10 AM] Pieces of legislation aimed at establishing clarity on certain crypto policies are unable to move forward with half of the legislative branch of the U.S. government lacking leadership.
Sen. Warren, 100+ legislators write White House, Treasury about crypto and terrorism
[Oct 18, 2023 12:00 PM] The letter was signed by crypto opponents and many lawmakers who had been neutral on crypto until now.
U.S. Sen. Warren Leads Lawmakers to Push Administration on Crypto-Backed Terrorism
[Oct 18, 2023 9:16 AM] U.S. Sen. Elizabeth Warren (D-Mass.) led more than a hundred lawmakers in demanding top officials share their plans for heading off crypto-financed terrorism.
Pro-crypto lawmaker stays interim US House Speaker as frontrunner loses first round of voting
[Oct 17, 2023 3:28 PM] Ohio Representative Jim Jordan, the Republican Party's nominee for Speaker, won the support of 200 of his colleagues in an Oct. 17 vote — below the 217 needed to hold the position.
Why Congress Will Be the Dollar’s Downfall
[Oct 17, 2023 8:55 AM] Congressional inaction is likely to cause de-dollarization as the country’s foes — and friends — move even faster to get off the U.S. dollar. Americans deserve to know what’s at risk so we can vote accordingly, and get the economy we deserve.
U.S. House Speaker Drama Could Threaten to Unravel Crypto's 2023 Chances
[Oct 13, 2023 10:26 AM] Republicans in the U.S. House of Representatives are sprinting toward the worst case scenario in their scramble for a new speaker of the House, and their infighting could worsen the prospects for crypto legislation this year.
House committee chairman threatens SEC chair with subpoena, but not over crypto
[Oct 12, 2023 3:50 PM] U.S. House Oversight and Accountability Committee chair James Comer thinks Genlser is stonewalling him. Crypto supporters know the feeling.
Crypto Bills May Depend on U.S. House GOP Battle Over Scalise Speaker Pick
[Oct 11, 2023 2:28 PM] The U.S. House of Representatives won’t get back to work on crypto legislation if Republicans can’t unify behind majority choice Steve Scalise – or some alternative – after the party’s ousting of Speaker of the House Kevin McCarthy (R-Calif.)…
Crypto advocates weigh on race for next US House Speaker
[Oct 10, 2023 2:40 PM] Lawmakers are scheduled to return to the House of Representatives on Oct. 11 to vote on a replacement for Speaker Kevin McCarthy, whose position has been vacant for a week.
Crypto-friendly Patrick McHenry takes interim House Speaker position
[Oct 3, 2023 9:25 PM] Eight Republicans voted against Republican Representative McCarthy, making it the first time in U.S. history that the House Speaker has been ousted by Congress.