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US Lawmaker Pushes Bill to Allow Bitcoin Payments for Federal Income Taxes, Citing El Salvador’s Success

[Jun 26 2:30 PM] U.S. Congressman Matt Gaetz has introduced a bill to allow federal income taxes to be paid with bitcoin. Inspired by El Salvador’s success with the cryptocurrency, the lawmaker believes this move will modernize the U.S. tax system, promote…

Senate Bill Could Open Crypto to U.S. Sanctions, but Industry Trying to Head It Off

[Jun 10 10:11 AM] A piece of legislation with heavy implications for the digital assets sector made it through the Senate Select Committee on Intelligence's funding package recently without most in the industry – and many in Congress – apparently aware of it, but…

Implementing FIT21 could be a ‘slow, slow process’ — CFTC Commissioner

[May 30 1:50 PM] Summer Mersinger anticipates extensive coordination and potential delays in the implementation of FIT21 across U.S. regulatory agencies if it is enacted.

U.S. Lawmaker at Center of Crypto Negotiation Predicts Digital Assets Law by Next Year

[May 29 4:55 PM] Rep. Patrick McHenry (R-N.C.) vowed the crypto industry won't have long to wait to get U.S. regulations, now that the U.S. House of Representatives has shown the way.

Rep. Emmer says crypto is nonpartisan, opponents are ‘fading’

[May 29 2:39 PM] The House majority whip and crypto advocate thinks the FIT21 may pass in the current Congressional session.

U.S. House's Emmer Says Best Hope For Crypto Legislation Is Year-End Session

[May 29 11:56 AM] Despite the crypto industry's high-profile recent wins in Congress, major legislation faces a massive practical roadblock in the Senate, U.S. Rep. Tom Emmer (R-Minn.) acknowledged Wednesday, saying that chamber will want its own say in a big crypto…

Coinbase Seeks Immediate Appellate Review in SEC Lawsuit, Citing Recent Legislation

[May 25 8:34 AM] As Coinbase seeks an interlocutory appeal in its legal dispute with the U.S. Securities and Exchange Commission (SEC), recent legislative developments have highlighted a growing discord between U.S. Congress and the SEC over digital asset…

U.S. House Approves Crypto FIT21 Bill With Wave of Democratic Support

[May 22 3:42 PM] The crypto industry recorded its biggest-ever U.S. policy win on Wednesday when the House of Representatives approved a wide-reaching bill to establish regulations for digital assets markets, recording a 279-136 vote that saw Democrats crossing…

SEC's Gensler Going Rogue in Solo Quest to Stop U.S. Crypto Legislation?

[May 22 1:15 PM] The White House is "eager" to work on a crypto bill. That was the sentiment of its latest statement on Wednesday, putting the administration on-the-record again about wanting new digital assets policies to protect investors. But U.S. Securities and…

U.S. House Set to Vote for First Standalone Crypto Market Structure Bill

[May 22 12:19 PM] The U.S. House of Representatives is poised to vote in favor of a crypto market structure bill as a standalone piece of legislation for the first time.

SEC's Gensler Says House Bill Would 'Undermine' Regulator's Crypto, Capital Markets Oversight

[May 22 3:00 AM] The Financial Innovation and Technology for the 21st Century Act would hurt investors and hamper the U.S. Securities and Exchange Commission's work, SEC Chair Gary Gensler said Wednesday.

Several U.S. House Democrats Petition Colleagues to Join Yes Side on Crypto Bill

[May 21 1:36 PM] The U.S. House of Representatives is on the verge of a vote on Wednesday that is widely expected to approve comprehensive cryptocurrency legislation with bipartisan support – a major milestone for the industry – and several Democrats there are…

US Lawmaker Introduces Bill to Dismantle Fed’s Board of Governors and Abolish the Central Bank

[May 17 2:36 PM] Following the policymaker’s survey, U.S. Representative Thomas Massie (R-Ky.) announced the introduction of H.R. 8421, known as the “Federal Reserve Board Abolition Act.” This legislation aims to dismantle the Board of Governors of the…

Crypto Industry Rallies Behind House Bill as It Heads Toward Final Vote

[May 17 8:44 AM] The U.S. House of Representatives is on the verge of a vote that will represent the closest the cryptocurrency industry has ever been toward finally winning regulation in the U.S., and the sector's associations and top businesses are encouraging…

Tens of Thousands Show Overwhelming Support for Abolishing the Fed, US Policymaker’s Poll Reveals

[May 16 7:16 AM] On May 15, Thomas Massie, a Republican member of the United States House of Representatives, posted on X, inquiring whether he should introduce legislation to abolish the U.S. Federal Reserve. The poll garnered over 115,000 votes, with a…

U.S. House's McHenry Says Senate May Be Swayed if Many Democrats Back Crypto Bill

[May 15 2:06 PM] The result of next week's expected vote on U.S. legislation to regulate the cryptocurrency industry will strongly influence the odds the U.S. Senate gets on board, said Rep. Patrick McHenry (R-N.C.), the chairman of the House Financial Services…

U.S. House's McHenry Says Bill on Crypto Market Structure Will Get Floor Vote

[May 10 2:42 PM] The most comprehensive U.S. cryptocurrency legislation to so far make it through a congressional committee will get even further, with the entire House of Representatives set to vote on whether to approve it soon, according to Rep. Patrick McHenry…

Crypto Mixers Targeted in U.S. House Democrats' Effort to 'Clamp Down' on Money Laundering

[May 7 11:23 AM] Several Democrats on the House Financial Services Committee have a bill coming this week to target money laundering through cryptocurrency mixing services, said Rep. Sean Casten (D-Ill.), one of its backers.

Turkish crypto bill: 5 things to know before it’s introduced

[May 6 6:18 AM] Turkey was expected to introduce crypto legislation in early 2024, but the local parliament is yet to report on the process.

Stablecoin Bill Unlikely to Get Pinned to FAA Reauthorization, Putting Effort On Hold Again

[Apr 30 1:49 PM] Advocates for long-awaited U.S. stablecoin legislation tried to tie it onto an unrelated must-move reauthorization bill, but leaders in the Senate and House of Representatives are seeking to keep that effort clear of such attachments, according to…

The Ever-Dwindling Chances for a Stablecoin Law

[Apr 23 7:30 PM] Last week, U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) introduced a joint bill addressing how stablecoins could be regulated in the country. It's the latest effort to try and get something done in the U.S. legislative…

Top U.S. House Lawmakers Meet on Stablecoin Bill Strategy: Punchbowl

[Apr 11 4:34 PM] The U.S. congressional effort to establish regulations for stablecoins has become an increasing longshot for passage this year, but the lawmakers who've pushed legislation the farthest reportedly had a meeting with Senate Majority Leader Chuck…

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.

Republican Lawmakers Introduce Legislation to Ban a CBDC in the U.S. ... Again

[Feb 27 2:51 AM] Another group of Republican lawmakers has introduced legislation to block efforts to introduce a digital dollar.

England's Law Commission Seeks Views on Draft Legislation to Label Crypto as Property

[Feb 22 5:24 AM] The Law Commission also called for evidence on its project on digital assets and electronic trade documents in private international law.

Crypto Action in Senate Remains on Back Burner: Sources

[Feb 21 2:36 PM] Despite keen interest from U.S. Senate Democrats such as Elizabeth Warren (D-Mass.) to deal with the illicit movement of funds in crypto, there's no immediate action planned in the committee that would need to get it rolling, according to two…

UK Minister Expects Stablecoin and Staking Legislation Within Six Months: Bloomberg

[Feb 20 12:55 AM] UK Economic Secretary to the Treasury Bim Afolami has said the UK government was "pushing very hard" to bring legislation for stablecoins and staking services for crypto assets within six months, according to a Bloomberg report.

U.S. Treasury Debunks Narrative That Hamas Relied on Crypto to Fund Terrorism

[Feb 14 2:56 PM] Just after Hamas' terrorist attacks in Israel last year, crypto took blame for helping fund such brutal killing. While the prominent media reports were later bashed by cryptocurrency experts, the U.S. Department of the Treasury's top official on…

Treasury Secretary Janet Yellen Warns of Crypto Risks

[Feb 5 4:56 PM] U.S. Treasury Secretary Janet Yellen is set to tell Congress that the crypto industry poses several potential hazards to the financial system, including the dangers of stablecoins, runs on crypto platforms and volatile prices, according to a brief…

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.