[Sep 27, 2023 3:23 PM] U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler continued his combative stance against crypto "hucksters" in congressional testimony on Wednesday, declining to answer the industry's most urgent questions while arguing that digital…
[Sep 27, 2023 2:31 PM] The SEC’s controversial Staff Accounting Bulletin 121 has received a steady flow of criticism since its publication in March 2022.
[Sep 25, 2023 2:14 PM] The crypto industry’s business in Washington is coming to a head just as a looming congressional budget impasse could shut down an array of federal services next week. But the digital assets sector can expect its most important matters won’t go…
[Sep 21, 2023 2:00 AM] The “CBDC Anti-Surveillance State Act,” aimed at preventing the Federal Reserve from issuing a central bank digital currency, has passed the House Financial Services Committee.
[Sep 18, 2023 9:34 AM] U.S. Sen. Elizabeth Warren (D-Mass.) has enlisted more support from key lawmakers in a growing coalition pushing for a law to crack down on money-laundering and sanctions abuses in crypto, with new sponsorship from the top Democrats on the Senate…
[Sep 13, 2023 11:12 PM] The majority of the tech leaders in attendance agreed that AI needs to be regulated with Elon Musk calling the meeting a game changer for civilization.
[Sep 12, 2023 10:11 PM] The bill would limit the Fed from issuing a CBDC which Tom Emmer called a surveillance tool that would "undermine the American way of life."
[Sep 7, 2023 11:45 AM] The U.S. watchdog for derivatives markets should create a limited pilot program for regulating cryptocurrencies, said Caroline Pham, one of the members of the Commodity Futures Trading Commission (CFTC).
[Sep 7, 2023 9:41 AM] Sen. Bill Hagerty (R-Tenn.) previewed the lawmaker ire in store for U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler as Congress returns from its summer break, with Hagerty accusing the regulator of stomping on crypto innovation…
[Sep 6, 2023 10:57 AM] Philip Jefferson, who has been serving as a Fed governor since 2022, will take on the No. 2 role under Chair Jerome Powell at the central bank until 2036.
[Aug 31, 2023 9:44 PM] The former pro soccer player said in a congressional hearing that his likeness was improperly used to market an allegedly fraudulent crypto scheme.
[Aug 31, 2023 9:30 PM] Several lawmakers have expressed concerns about the privacy risks of the Federal Reserve issuing a central bank digital currency (CBDC). “Americans have a right to financial privacy,” one congressman said, emphasizing: “We do not need a…
[Aug 31, 2023 7:30 PM] A number of U.S. lawmakers have urged regulators, including the Securities and Exchange Commission (SEC), to work with Congress on crypto regulation. “Chair Gensler’s regulation by enforcement is unlawful and does nothing to protect…
[Aug 28, 2023 2:05 PM] The committee members suspect the Fed is trying to hold up Congressional efforts to pass stablecoin legislation by restricting banks’ actions.
[Aug 15, 2023 11:14 PM] Representative Derek Kilmer will chair the Artificial Intelligence Working Group, which is aimed at introducing “sensible, bipartisan” policies for AI technology.
[Aug 15, 2023 3:00 PM] Crypto miners are establishing a new voice in U.S. policy, starting up the Digital Energy Council to lobby for friendly policy as regulators and Congress are wrestling with the next steps in crypto regulation.
[Aug 8, 2023 5:30 AM] Representative Patrick McHenry, chairman of the House Financial Services Committee, weighed in positively on the launch of PYUSD, a dollar-pegged stablecoin issued by Paypal, a U.S.-based payments company. McHenry stated that if properly regulated…
[Aug 3, 2023 3:30 PM] Despite months of increasingly positive economic indicators, a majority of Americans still believe the economy is worsening, according to a new CNN poll. CNN Poll Reveals Majority See Worsening Economy The survey of 1,279 adults found that 51%…
[Aug 2, 2023 5:00 PM] Federal prosecutors said they were “seeking detention” for Sam Bankman-Fried, asking a judge to revoke his bond after he shared documents with the New York Times that they allege were meant to harass a fellow executive from the FTX empire and…
[Aug 1, 2023 12:47 PM] The crypto industry has never made it this far in its quest for a new system of U.S. oversight for digital assets, but the recent flurry of legislative progress may still be too contentious for it to become law.
[Jul 30, 2023 3:30 PM] Representatives Gus Bilirakis and Jan Schakowsky, part of the House Innovation, Data, and Commerce Subcommittee, have sent a letter to Apple requiring information and documents regarding Apple’s iOS Appstore policies on blockchain…
[Jul 29, 2023 7:30 PM] The U.S. House Committee on Financial Services has passed the Keep Your Coins Act of 2023 to protect the self-custody of crypto. “Those attacking self-custody oppose individual freedom. They want someone they control to control your assets,” said…
[Jul 29, 2023 3:07 AM] Their letter aimed to explore whether these guidelines might inadvertently hinder the progress and growth of cutting-edge innovations.
[Jul 27, 2023 11:45 AM] The Republican bill, dubbed FIT for the 21st Century, was drafted by two House committees and passed after strenuous preparations by members of both parties.
[Jul 27, 2023 10:00 AM] Republican leadership has blamed the Biden administration for not having a “sense of urgency” on stablecoins, while the Democratic response suggested “impatience” by lawmakers.
[Jul 26, 2023 10:31 AM] On July 26, six pieces of legislation were being considered by the House Financial Services Committee, including ones on regulatory clarity and consumer protection in the space.
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