4 / 5 Relevant items tagged with #Senate

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First deadline window looms for SEC to approve Bitcoin ETFs: Law Decoded

[Nov 13, 2023 3:36 PM] Even if approved by Nov. 17, the spot Bitcoin ETFs are unlikely to come to market for at least a month after approval.

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.

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…

9 US senators publicly back Elizabeth Warren’s crypto bill

[Sep 18, 2023 1:16 AM] Senator Elizabeth Warren announces the expansion of her coalition to crack down on “crypto’s use in money laundering, drug trafficking, sanctions evasion.”

How senators plan on regulating AI: Law Decoded, Sept. 4–11

[Sep 11, 2023 3:30 PM] Senators Richard Blumenthal and Josh Hawley's framework emphasizes that technology companies cannot rely on liability protections to shield them from legal actions.

US Senate confirms Philip Jefferson as Federal Reserve vice chair

[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.

Australia Senate Committee Rejects Crypto Bill From Opposition Senator Andrew Bragg

[Sep 4, 2023 6:07 AM] Bragg said the Labor government had put regulating crypto in the slow lane.

U.S. Senate Passes $886B Military Spending Bill With Crypto AML Provision

[Jul 27, 2023 8:48 PM] The amendment takes aim at crypto mixers and “anonymity-enhancing” crypto assets.

House Financial Services Committee Votes in Favor of Crypto, Blockchain Bills

[Jul 26, 2023 6:35 PM] The House Financial Services Committee advanced a set of crypto bills after a landmark markup on Wednesday.

US Senate wants companies to report investments in Chinese technologies

[Jul 26, 2023 3:21 AM] The Senate overwhelmingly supported legislation requiring U.S. companies to report any outbound investments into Chinese technologies.

Two more crypto bills in the US: Law Decoded, July 17–24

[Jul 24, 2023 2:30 PM] Last week was marked by two new legislative initiatives for the crypto industry in the United States.

New U.S. Senate Bill Wants to Regulate DeFi Like a Bank

[Jul 19, 2023 8:02 AM] A new bill from Sen. Jack Reed would impose strict requirements on DeFi protocols under the guise of national security.

A Second Round of the Lummis-Gillibrand Crypto Bill Elevates CFTC, Defines DeFi

[Jul 12, 2023 5:00 AM] The U.S. Securities and Exchange Commission (SEC) would take a back seat in a crypto oversight bill being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), which would require that crypto exchanges be overseen by the…

U.S. Senate Finance Committee Asks Crypto Industry for Tax Guidance

[Jul 12, 2023 2:50 AM] The committee sought input from the cryptocurrency industry to better understand the tax challenges presented by digital assets.

US Senate Finance Committee asks digital asset community how to tax it in open letter

[Jul 11, 2023 4:00 PM] Community members may want to read up on the intricacies of tax law before they respond, but they have two months to do so.

US Senators to have classified AI briefing at the White House

[Jul 11, 2023 7:28 AM] U.S. Senators will take part in the country’s first-ever classified Senate briefing on AI which will place in conjunction with the Department of Defense and Intelligence Community.

North Carolina House passes bill to commission study on holding Bitcoin

[Jun 29, 2023 12:21 AM] The study would examine the possible impact of holding crypto and how the state would custody digital currency.

US Senator Chuck Schumer calls for ‘comprehensive’ AI legislation

[Jun 21, 2023 6:12 AM] The U.S. Senate leader plans to call for urgent bipartisan action from Congress to create “comprehensive legislation” for upcoming AI systems.

US senators propose bill to eliminate section 230 protection for AI companies

[Jun 14, 2023 2:40 PM] The bipartisan bill purportedly seeks to hold companies accountable for harm, but it’s unclear whether section 230 even applies to AI.

Biden, Republicans Strike Tentative Deal to Raise US Debt Ceiling

[May 28, 2023 6:00 AM] The White House and House Republicans have reached an agreement in principle to raise the U.S. debt ceiling. Described by President Joe Biden as “good news for the American people,” the deal would open the door to avoiding a historic…

U.S. Senators Introduce Bill Requiring Reports On El Salvador’s Bitcoin Adoption

[May 12, 2023 3:40 PM] A group of United States senators have introduced a bill requiring reports on the adoption of bitcoin as legal tender in El Salvador. The "Accountability for Cryptocurrency in El Salvador Act," introduced by Senator James Risch, Senator Bob…

Florida Takes a Stand Against CBDCs: Anti-CBDC Bill Receives Overwhelming Support in House and Senate

[May 4, 2023 9:30 AM] In the wake of Florida Governor Ron DeSantis’ remarks in Jacksonville on Tuesday, both the Florida House of Representatives and Senate have approved the state’s anti-central bank digital currency (CBDC) legislation, dubbed SB 7054. The…

Bitcoin derivatives favor further BTC price rally toward $30K

[Apr 7, 2023 2:30 PM] Bitcoin's price might have held near $28,000 but the absence of shorts using margin and futures markers is a bullish indicator.

Elizabeth Warren is pushing the Senate to ban your crypto wallet

[Mar 28, 2023 5:37 PM] Elizabeth Warren is back with an Anti-Money Laundering act that would — among other things — make it mostly illegal for you to use your own crypto wallet.

Ted Cruz and Ron DeSantis take on the ‘digital dollar’: Law Decoded, March 20–27

[Mar 27, 2023 12:30 PM] Two lawmakers in one week weighed in against the possibility of a United States central bank digital currency.

Binance's response to U.S. Senators lacks financial information: Report

[Mar 18, 2023 10:24 AM] Binance's Patrick Hillman answered a letter from United States Senators requesting information on Binance's operations in the country and its relationship with Binance.US.

Sen. Warren calls out 'sham audits' while SVB threatens crypto bankruptcy

[Mar 11, 2023 1:04 AM] Contrasting her statements against crypto auditors, numerous members highlighted the ongoing collapse of Silicon Valley Bank (SVB), a Federal Deposit Insurance Corporation-insured bank.

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.

Sen. Elizabeth Warren and colleagues demand to see Binance’s balance sheets

[Mar 2, 2023 3:50 PM] Three United States senators have written a letter to the CEOs of Binance and Binance.US with a long list of objections to the companies’ perceived policies and actions.

Montana’s ‘right to mine’ crypto bill moves closer to passing as law

[Feb 23, 2023 11:41 PM] The bill seeks to enshrine crypto miners’ rights and will still have to pass muster in the states House before its signed into law by the governor.