Uruguay’s executive branch has proposed a bill that would allow the country’s central bank to legally oversee virtual assets, local newspaper El Observador reported on September 8. The bill, pr...
Tag: Congress
Lindsey Graham Introduces National Abortion Ban—Here’s What It Would Do
Topline Sen. Lindsey Graham (R-S.C.) introduced a bill Tuesday that would criminalize abortion after 15 weeks into a pregnancy, the first national ban on the procedure to be introduced after the Supre...
‘Bitcoiner’ Bruce Fenton Mines Senate Race for Support in Granite State
SALEM, N.H. — New Hampshire Republican Bruce Fenton is down in the polls, and plenty of Granite Staters haven’t even heard of him, but the self-described “bitcoiner” is doing his part to get people ta...
Senate Republicans Would Pay A High Price To Shut Down The Government To Fight Against Covid Relief Or Manchin’s Energy Provisions Or Liberalizing Medicaid Abortions For Poor Women
To avoid a government shutdown at the end of this month, Congress must pass the continuing resolution (CR) which funds the government. It takes 60 Senate votes for cloture on the CR. A united Senate R...
Blockchain Association Director Confirms There Is No Active Legislation in US Congress to Ban Bitcoin Mining
– Advertisement – The Director of the Blockchain Association brings an important notice to crypto stakeholders. Ron Hammond, the Director of Government Relations at the Blockchain Associat...
‘We need legislation’ on stablecoins
Stablecoins should be “appropriately regulated” to play a role in the financial system, Federal Reserve Board Chair Jerome Powell said on Thursday. “We need legislation on this,” Powell said. “There i...
SEC Chair Gensler Backs Congress’ Decision Of CFTC Crypto Oversight
Gary Gensler, Chairperson of the U.S. Securities and Exchange Commission (SEC) says he will back the decision of the Congress to hand over supervision of cryptocurrencies to the Commodity Futures Trad...
SEC Chairman Backs Congress to Give CFTC More Power to Oversee And Regulate Bitcoin And Non-Security Cryptos
– Advertisement – Gensler will support Congress in giving CFTC more regulatory power over Bitcoin, but… Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), said he wou...
With Just Five Words, Congress Can Rein In IRS And Other Federal Agents
Under the Inflation Reduction Act, the IRS will receive a staggering $45.6 billion to bolster “tax enforcement.” That means substantially more manpower for criminal prosecutions, civil judgments, and ...
Congress has no plans to ban crypto- US Policymakers
There will be no ban on crypto- The House Democrat from California. Congressman Brad Sherman wishes to ban virtual assets. A vocal anti-crypto policymaker in the United States is allegedly accepting t...
US Lawmaker Says Congress Has No Immediate Plans To Ban Crypto: Report
A vocal anti-crypto lawmaker in the US is reportedly acknowledging that a ban on digital assets isn’t on the table in Congress right now. The Los Angeles Times reports that crypto skeptic Congressman ...
US Congress Crypto Exchanges to Explain Fraud Prevention
Join Our Telegram channel to stay up to date on breaking news coverage The US Congress committee sent letters to five major crypto exchanges requesting information about the measures they’ve undertake...
Congress Questions Coinbase, FTX, Binance, Kraken in Crypto Fraud Crackdown – Regulation Bitcoin News
A House committee has sent letters to four U.S. federal agencies and five cryptocurrency exchanges asking for information about what they are doing to combat cryptocurrency fraud and scams. Congress Q...
Paraguay’s president vetoes proposed crypto industry regulation
Paraguay’s president vetoed a bill that would regulate commercial activities related to digital assets, including crypto mining. President Mario Abdo Benítez voted down the bill in full, according to...
Congressman calls on crypto exchanges and regulators to account for fraud and scams in crypto
Crypto faces new scrutiny from the congressional financial watchdog. In a series of letters sent on August 30, Rep. Raja Krishnamoorthi, D-Ill., called federal regulators and leading crypto exchanges ...
US Congress sends 5 major crypto exchanges letter inquiring how they are combatting crypto fraud
Five prominent cryptocurrency exchanges in the U.S. received letters from Congress requesting information about their steps to combat crypto fraud. The inquiries are part of the latest push from Congr...
Senate committee preps hearing on CFTC regime for crypto exchanges: Sources
The Senate Agriculture Committee is preparing a hearing on a bill that would drastically alter regulation for crypto exchanges, according to five sources with knowledge of the matter. The bill in que...
New Government Contracts Bill Fleeces Taxpayers Bi-Partisan Style
A little noticed Senate bill entitled the “AGILE Procurement Act” (S. 4623) is a classic illustration of large business interests hijacking government contracting policy in the name of promoting small...
Republican Rep Lauren Boebert fails to report crypto transactions in 2021
Rep. Lauren Boebert, R-Colo., failed to file transactions reports for several crypto purchases made in 2021, according to her annual financial statement filed on August 13. Under the Stop Trading on ...
Congressman demands answers from Yellen on Tornado Cash sanctions
Crypto booster Congressman Tom Emmer is demanding answers from Treasury Secretary Janet Yellen for the agency’s recent Tornado Cash sanctions. The Republican from Minnesota took aim at the Treas...
Trump PAC paid lawyers almost $1 million amid Georgia, New York probes
Former President Donald Trump‘s political action committee, Save America, paid nearly $1 million to civil and criminal defense attorneys in July alone as investigations into him and the Trump Or...
Congress Should Give Fintechs Access To Fed’s Settlement Services
Future of financial technology concept businessman selecting fintech word getty Last week, the Federal Reserve released new guidelines for providing access to its master accounts and payment services,...
Some For Semiconductors, All To Enhance Washington’s Control
Integrated Circuit (Photo by Mediacolors/Construction Photography/Avalon/Getty Images) Getty Images After a long period of frustration, Washington has advanced quite a bit of legislation. One notable ...
CFTC focuses on outreach as digital assets gain popularity among underserved groups
The US Commodity Futures Trading Commission (CFTC) sees a need to increase investor education and outreach as the market for digital assets grows and faces downturns, Commissioner Kristin Johnson said...
US lawmakers eye environmental impact of crypto mining
US House lawmakers are seeking information from four crypto mining companies in an effort to understand the environmental impacts of blockchain technology. The House Energy and Commerce Committee sent...
Senator claims the FDIC is stonewalling banks that try to work with crypto
Senator Pat Toomey, R. PA, is calling the Federal Deposit Insurance Corporation to account for its work in crypto. In an August 17 letter to FDIC acting chairman Martin Gruenberg, Toomey says the age...
Republicans Unveil Bill To Rein In Federal Student Loans
UNITED STATES – MARCH 25: Rep. Virginia Foxx, R-N.C., speaks at a news conference in the Capitol … [+] Visitor Center in support of the plaintiffs in the Sebelius v. Hobby Lobby Stores cas...
New Buyback Excise Tax Snares Foreign Investors
President Joe Biden (C) shakes hands with Sen. Joe Manchin (D-WV) after signing The Inflation … [+] Reduction Act at the White House on August 16th. (Photo by Drew Angerer/Getty Images) Getty Im...
Investors flock to green energy funds as Congress passes climate bill
The expansion of renewables comes at a time when concerns about the speed of the planet’s shift away from fossil fuels have been heightened following Russia’s invasion of Ukraine. Imaginim...
Dems’ Reconciliation Package Obscures Obamacare’s Failures With Taxpayer Cash
WASHINGTON, DC – AUGUST 07: Senate Majority Leader Chuck Schumer (D-NY) gestures, walking out of the … [+] Senate Chamber, celebrating the passage of the Inflation Reduct Act at the U.S. C...