4 / 8 Relevant items tagged with #Legislation

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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.

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.

Marshall Islands Further Strengthen's Law That Made DAOs Legal Entities

[Oct 30, 2023 1:04 PM] The Republic of the Marshall Islands has passed legislation that takes its already advanced law for decentralized autonomous organizations (DAOs) a step further.

Taiwan Crypto Regulation Gets Going With First Reading of Digital Asset Bill

[Oct 27, 2023 1:48 AM] The bill sets the groundwork for defining what a virtual asset is and how exchanges should operate in Taiwan.

Despite U.S. House Drama, Sens. Gillibrand, Lummis Bullish on Stablecoin Bill and Illicit Finance Legislation

[Oct 24, 2023 11:37 AM] Even as the U.S. House of Representatives is paralyzed by a Republican leadership drama, U.S. Sens. Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) are still pressing to get crypto legislative through.

South Korean regulator outlines steps to enhance digital asset legislation

[Oct 17, 2023 2:30 PM] The Virtual Asset Users Protection Act was passed in June without a sufficient regulatory framework, the head of South Korea’s Financial Supervisory Service said.

Hamas' Crypto Ties May Lend Energy to Sen. Warren's Money Laundering Bill

[Oct 13, 2023 12:03 PM] The revelations that the terrorist group behind last week’s attack on villages in southern Israel that left more than 1,200 Israelis dead was partially funded with cryptocurrency may lend additional weight to an effort from Sen. Elizabeth Warren…

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 Needs Congress, But U.S. Lawmakers Have Opted for Pandemonium

[Oct 9, 2023 8:24 AM] Without the U.S. Congress outlining a clear system of rules, the crypto industry fears it’ll be relegated as a volatile financial backwater. But Capitol Hill is beset by drama, including a U.S. House of Representatives that fired its speaker and a…

Crypto-Friendly Congressman McHenry Temporarily Takes Over U.S. House

[Oct 3, 2023 5:03 PM] Crypto-friendly Rep. Patrick McHenry (R-N.C.) has landed in the driver’s seat of the U.S. House of Representatives just as legislation to establish digital-asset regulations nears a finish line there.

U.S. House Bill Seeks Centralized Record of Off-Chain Crypto Transactions

[Sep 28, 2023 3:00 PM] It would be hard for a big exchange to repeat an FTX collapse if the firm’s internal flow of crypto assets was also reported to an outside repository that U.S. regulators could see. That’s the idea behind new legislation from Rep. Don Beyer (D-Va.)…

Crypto bills could be delayed as many prepare for US gov't shutdown

[Sep 25, 2023 3:54 PM] Bills focused on crypto regulation, market structure, and stablecoins could all be put on hold if U.S. lawmakers don't reach a decision on government spending by Sept. 30.

Ex-Senator Who Once Shepherded Crypto Legislation Sees No Path in Current Congress

[Sep 21, 2023 12:31 PM] Former U.S. Sen. Pat Toomey, who tried and failed to push his own crypto legislation through Congress before leaving at the start of the year, can’t see how the current Senate will have any better luck, despite recent progress in the House of…

US Democrats speak up for CBDC global leadership, Republicans fear ‘dark side’

[Sep 20, 2023 2:00 PM] Despite approaching the issue from vastly different angles, the two sides were able to agree on a few basics as the bill passed out of committee.

U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans

[Sep 20, 2023 1:52 PM] A crypto-related bill meant to stifle a future U.S. central bank digital currency is now heading toward consideration on the floor of the U.S. House of Representatives after committee approval Wednesday, marking further progress for digital assets…

Senator Warren’s Crypto Money Laundering Bill Builds Momentum as More Sign On

[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…

Dueling Digital Dollar Bills Debated in Congressional Hearing on U.S. CBDC

[Sep 14, 2023 10:24 AM] The idea of a digital dollar in the U.S. is so egregious to Republican lawmakers that it’s become a presidential campaign talking point and the subject of multiple bills to strangle it before it takes a first breath. But Rep. Stephen Lynch…

Blockchain could authenticate AI as crypto racks up court victories: Rep. Emmer

[Sep 11, 2023 2:47 PM] U.S. Rep. Tom Emmer told an audience at Permissionless II that things are looking up for crypto and it’s time to concentrate the narrative on innovation.

‘I’m Bullish on Bitcoin’ — Ted Cruz Champions Bitcoin’s Boon for Texas and Power Grid Boosts

[Sep 9, 2023 1:00 PM] Ted Cruz, the U.S. Republican senator from Texas, expressed his optimism on Friday, stating he’s “bullish on bitcoin,” after a recent interview with Forbes released on September 8. During the conversation, Cruz highlighted…

Fed Vice Chair Barr gives update on CBDC research, plugs stablecoin legislation

[Sep 8, 2023 1:30 PM] Michael Barr expressed “strong concern” about stablecoins and appreciation of legislative efforts to address them at the Philadelphia Fed’s fintech event.

SEC’s Gensler Should Be Focus of More Hearings on Treatment of Crypto: U.S. Senator

[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…

South Korea Seeks to Freeze North’s Crypto Assets Under New Law

[Sep 6, 2023 1:30 AM] The government in Seoul intends to submit new legislation tailored to facilitate the tracking and freezing of crypto used to fund the weapons programs of North Korea. A bill has been drafted after extended consultations between ministries with the…

US House Financial Services members scold Fed’s Powell for stablecoin bill obstruction

[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.

US House Democratic coalition creates AI working group

[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.

Russia Recognizes Digital Currencies of Other Nations

[Aug 6, 2023 12:30 AM] The Russian government has legally recognized digital currencies issued by other nations, local crypto media reported. The respective legislative changes have been made alongside the adoption of a dedicated law regulating the introduction of…

Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly

[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.

U.S. Stablecoin Bill Takes Big Step Despite Fight From Democrats, White House

[Jul 27, 2023 8:00 PM] House lawmakers cleared stablecoins legislation for the next step in its route through Congress on Thursday, though the House Financial Services Committee moved the bill toward a potential floor vote without bipartisan support as Chair Patrick…

'Pro crypto bill' passes out of US House Agriculture Committee

[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.