Senator Cynthia 'Crypto Queen' Lummis: Lack of Laws Pushing Industry Overseas
[Mar 20, 2023 8:39 AM] The senator from Wyoming – a speaker at CoinDesk's Consensus festival - on crypto's prospects in Washington D.C.
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Congress announces March 29 hearing into failures of SVB and Signature Bank
[Mar 17, 2023 3:59 PM] According to the House Financial Services Committee, it expects to hold multiple hearings on “getting to the bottom” of the banks’ failures.
US lawmaker suggests Signature’s collapse was tied to instability of crypto
[Mar 16, 2023 4:00 PM] Senator Michael Bennet said crypto was not “even as stable as the marijuana industry,” questioning Signature Bank’s ability to service digital asset firms but not dispensaries.
US lawmaker accuses FDIC of using banking instability to attack crypto
[Mar 15, 2023 11:14 AM] The collapse of Signature Bank, Silicon Valley Bank, and Silvergate Bank has had many in the space reeling — but is the U.S. government trying to "choke off digital assets”?
State caps or federal regulation: What's next for political crypto donations
[Mar 13, 2023 8:45 AM] The industry isn’t having the best of its moments now, but the topic of campaign donations in crypto remains a relatively safe space for innovation.
US senators write to banking regulators about potential crypto discrimination
[Mar 10, 2023 12:30 PM] The four Republican senators sense hints of the Obama administration’s Operation Choke Point that used regulation against disfavored industries.
CBDCs could be 'easily weaponized' to spy on US citizens: Congressman
[Mar 9, 2023 7:33 PM] Congressman Tom Emmer made the anti-CBDC comments to an audience at the Cato Institute, a think tank in Washington.
Investors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CEO
[Mar 9, 2023 4:01 PM] According to Mike Belshe, the United States Securities and Exchange Commission’s reluctance to address a “basic” regulatory issue like the issuance of a BTC ETF could have paved the way for FTX’s alleged illicit activities.
House Republicans directly criticize Biden administration for digital asset policies
[Mar 9, 2023 12:46 PM] "Because of actions taken by this Administration, the United States is at risk of pushing the digital asset ecosystem overseas,” said Republican Financial Services Committee members.
Crypto bill draft will be released in April, says Senator Gillibrand
[Mar 8, 2023 2:45 PM] The Lummis-Gillibrand bill is expected to offer regulatory clarity for many crypto projects and determine whether they fall under the purview of the SEC or CFTC.
US lawmakers planning to reintroduce bill aimed at fixing crypto reporting requirements: Report
[Mar 7, 2023 11:30 AM] Representatives Patrick McHenry and Ritchie Torres reportedly plan to reintroduce the Keep Innovation in America Act to address reporting requirements in the infrastructure law.
American regulators are pushing hard against crypto: Law Decoded, Feb. 28–March 6
[Mar 6, 2023 11:45 AM] Crypto mining operators, custodians and Binance personally received a fine doze of the United States officials' attention last week.
Senators renew call for EPA investigation of crypto mining emissions data
[Mar 3, 2023 3:44 PM] Sen. Edward Markey and Rep. Jared Huffman want miners to disclose emissions data and the EPA to lead an investigation of their impact.
US lawmaker behind crypto mining legislation urges Zuck not to offer metaverse to teenagers
[Mar 2, 2023 3:41 PM] A letter from two U.S. senators cited reports of Instagram being behind many teenagers experiencing suicidal thoughts, and Meta's failure to stop harmful ads aimed at young adults.
Rep. Maxine Waters says all US regulators 'better get together on crypto'
[Feb 22, 2023 3:30 PM] According to Representative Maxine Waters, the crypto market crash and bankruptcies gave U.S. lawmakers an opportunity of “getting accountability” in the space through legislation.
U.S. Legislators Introduce Bill That Would Prohibit Creation Of An American CBDC
[Feb 22, 2023 12:05 PM] The bill would effectively put an end to the debate over the creation of a Federal Reserve-issued CBDC.U.S. Congressman Tom Emmer (R-MN) has introduced a bill that would prohibit the Federal Reserve from issuing a CBDC directly to anyone. The bill…
US lawmaker introduces bill aimed at limiting Fed's authority on digital dollar
[Feb 22, 2023 10:15 AM] If passed, the legislation could prohibit the Fed from issuing a digital dollar “directly to anyone”, as well as bar the bank from implementing monetary policy based on a CBDC.
Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry
[Feb 18, 2023 9:30 AM] Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law…
Brazilian Government Preparing New Decree to Clarify Cryptocurrency Rules
[Feb 18, 2023 3:00 AM] The Brazilian government is preparing to release a decree to fill the blank spaces that the recent approval of the cryptocurrency law has left open. The document, prepared by the Ministry of Finance, will establish the areas of oversight and…
FTX Bankruptcy Judge Denies US Trustee’s Request for Independent Examiner
[Feb 15, 2023 5:00 PM] The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns…
US lawmakers reintroduce bill to removing roadblocks for crypto investments in retirement accounts
[Feb 15, 2023 3:48 PM] Four Republican senators have signed on to a bill aimed at barring the U.S. Department of Labor from investigating individuals “using brokerage windows to invest in cryptocurrency”.
US lawmakers and experts debate SEC's role in crypto regulation
[Feb 14, 2023 1:00 PM] Senator Tim Scott questioned whether the SEC had been "asleep at the wheel" amid major bankruptcies in the crypto space causing the loss of millions in user funds.
Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry
[Feb 11, 2023 1:30 PM] During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on…
US lawmakers question SEC chair on timing of Sam Bankman-Fried’s arrest
[Feb 10, 2023 1:30 PM] “The timing of the charges and his arrest raise serious questions about the SEC’s process and cooperation with the Department of Justice,” said Representatives McHenry and Huizenga.
Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power
[Feb 9, 2023 2:30 PM] According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S…
Crypto and psychedelics: Clarifying regulations could help industries grow
[Feb 8, 2023 8:46 AM] It’s a long road to federal legalization, but opposition to psychedelics is waning at the state level and Capitol Hill.
FTX Bankruptcy: Judge Delays Decision on Appointing Independent Examiner Amid Cost Concerns
[Feb 7, 2023 11:30 AM] Judge John Dorsey has delayed his decision on whether to appoint an independent examiner in the FTX case. At the latest hearing, Dorsey acknowledged that the cost to debtors could reach tens of millions of dollars. Currently, the bankruptcy judge…
DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case
[Feb 3, 2023 12:30 PM] Following a request from FTX lawyers to subpoena FTX co-founder Sam Bankman-Fried (SBF) and members of his family, the U.S. Trustee appointed by the Department of Justice has filed an opposition to the request. The U.S. Trustee explained that the…
US Congress to hold ‘crypto crash’ hearing on Feb. 14
[Feb 3, 2023 12:30 PM] The “Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets” hearing will come two months after senators met to discuss the collapse of FTX.
Senate Banking Committee’s priorities for new Congress include crypto: Report
[Feb 2, 2023 9:28 AM] Senator Tim Scott, who became the committee ranking member following the departure of Pat Toomey, reportedly plans to make a crypto regulatory framework a priority in 2023.