4 / 12 Relevant items tagged with #Congress

Posts

Lawmaker Highlights 2 Bills to Make US a Crypto Leader — Says Bitcoin Is ‘Unstoppable’

[Apr 10 5:25 PM] Congressman Patrick McHenry says bitcoin is unstoppable and every regime that’s tried to shut it down has failed. He emphasized that the U.S. must become a leader in digital assets, noting that two congressional bills offer a path toward…

Lummis: Crypto Will Erupt as Big Issue in Senate Races Including Banking Chair Brown's

[Apr 9 10:33 AM] U.S. Senator Cynthia Lummis (R-Wyo.) said that the high-stakes Ohio election that could decide both the Senate majority and the leadership of the Senate Banking Committee is likely to dig into cryptocurrency issues, and she encouraged industry…

Key Congressman McHenry Is Bullish U.S. Stablecoin Law Will Pass This Year

[Apr 9 8:32 AM] The window is narrowing for legislation to set up rules for stablecoin issuers in 2024, but the retiring chairman of the House Financial Services Committee says it can be done.

48 US Lawmakers Ask SEC Chair Gensler to Clarify Whether ETH Is a Security — Warn of ‘Negative Repercussions’

[Apr 1 3:23 PM] Forty-eight U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler asking him to clarify whether ether is a security. “The negative repercussions of the SEC implicitly or directly classifying…

House Republicans Demand SEC Explain What's Up With Crypto Platform Prometheum

[Mar 26 2:26 PM] As Prometheum Inc. nears an unprecedented moment in U.S. crypto history by beginning a custody operation that intends to hold customers' Ethereum tokens {{ETH}}, the industry's friends in Congress are demanding the Securities and Exchange…

Key U.S. Lawmaker McHenry Says House Has 'Workable' Stablecoin Bill

[Mar 20 12:29 PM] U.S. Rep. Patrick McHenry (R-N.C.) said some of the recent chaos in Congress derailed crypto legislation for a while, but a stablecoin bill is largely worked out in the House of Representatives and just needs a schedule floor vote.

FinCEN Is Analyzing $165M in Transactions That May Tie Crypto and Hamas, Senior Official Says

[Mar 13 6:09 PM]

House Financial Services Committee Advances Bill to Repeal SEC Bulletin Preventing Banks From Offering Crypto Custody Services

[Mar 1 11:00 PM] 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…

Did Elizabeth Warren Just Endorse Bitcoin? Not So Fast

[Feb 15 3:43 PM] 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.

U.S. Lawmakers Seek to Overturn SEC's Crypto Accounting Policy

[Feb 1 4:17 PM] 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.

A Backdoor Regulatory Option Haunts U.S. Crypto

[Jan 29 7:00 AM] 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…

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

[Dec 25, 2023 5:30 PM] 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…

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

[Dec 12, 2023 1:54 PM] 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.

Don’t panic: Only 11 of 330 Elizabeth Warren’s bills have ever passed

[Dec 11, 2023 9:39 PM] Support for the Digital Asset Anti-Money Laundering Act is growing in Congress, but most bills sponsored by legislators never become law.

More US senators back Elizabeth Warren’s AML bill targeting crypto

[Dec 11, 2023 4:08 PM] The legislation, reintroduced in July, already has the support of several U.S. lawmakers, but critics have suggested it could threaten financial freedom and privacy.

Crypto Provisions Dropped From 2023 U.S. Defense Bill

[Dec 8, 2023 4:31 PM] 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

[Dec 7, 2023 7:00 PM] 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…

House Committee passes bill to ‘preserve U.S. leadership’ in blockchain

[Dec 6, 2023 8:35 PM] The pro-crypto bill is one of many before Congress that aims to promote the country’s deployment and use of blockchain technology.

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

[Dec 6, 2023 3:32 PM] 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.

JPMorgan CEO Jamie Dimon Tells Congress He'd "Close Down" Bitcoin And Crypto

[Dec 6, 2023 1:04 PM] Testifying before the U.S. Congress today, Jamie Dimon, the CEO of JPMorgan Chase, stirred controversy by expressing his negative opinions on the Bitcoin and crypto market. The renowned banking executive stated that if he held a position in the…

Crypto-friendly US lawmaker Patrick McHenry won’t seek reelection in 2024

[Dec 5, 2023 12:07 PM] All 435 seats in the U.S. House of Representatives will be up for grabs in the 2024 election, with the future of crypto bills in the House Financial Services Committee uncertain.

House's McHenry Says He Won't Seek Reelection, Costing Crypto a Top Ally

[Dec 5, 2023 11:19 AM] 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

[Dec 4, 2023 7:22 AM] 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

[Dec 4, 2023 7:12 AM] The bowtied chairman of the House Financial Services Committee has shown persistence in the face of increasing partisanship on crypto issues.

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

[Nov 30, 2023 3:47 PM] 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

[Nov 29, 2023 1:57 PM] 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…

Blockchain Association files support in suit to lift Tornado Cash sanctions

[Nov 20, 2023 6:41 PM] The crypto advocacy group said OFAC must act within its statutory authority by sanctioning bad actors, not open-source software tools.

US regulators continue to discuss crypto: Law Decoded, Nov. 13–20

[Nov 20, 2023 3:00 PM] Elizabeth Warren continues pressing for tighter regulation, and Vivek Ramaswamy promises to defend crypto from the government’s overreach if elected.

US Congress members urge financial authorities to invalidate SEC’s SAB 121

[Nov 16, 2023 6:07 AM] In a memo, Congress members state that Federal banking agencies should not require financial institutions providing custody services for digital assets to maintain capital against the assets.

US House Financial Services subcommittee looks for answers on crypto and crime

[Nov 15, 2023 3:00 PM] Reports on crypto funding terrorism and blockchain forensics were confusing, but everyone agreed on the need for collaboration and regulation.