Tag: congress

Nov 01 2021

Oct 06 2021

The SEC Will Not Ban Crypto, That Would Be Up To Congress, Says Gary Gensler

The Securities and Exchange Commission’s Chairman, Gary Gensler, told Congress that the SEC will not ban cryptocurrencies. This is a huge relief, even though Gensler then said “that would be up to Congress.” The SEC Chairman is in the middle of quite the press tour, spreading his opinions on crypto around, clarifying his stance. Those opinions...

Oct 05 2021

Sep 07 2021

Congressman Presents Crypto Law Project In Panama. What Does It Say, Exactly?

Congressman Gabriel Silva presented a Crypto Law project. Even though Silva’s profile picture has laser eyes, the congressman doesn’t even mention Bitcoin in the video with which he announces his accomplishment. Is this bullish for cryptocurrencies in general? Or is it another case of a politician trying to make a name for himself using buzzwords that he doesn’t understand? Let’s dig deeper....

Aug 30 2021

Teaching Financial Literacy In The Age of Bitcoin

Learning about how the world of finance works is increasingly important as technology like Bitcoin advances.Recently I met with a group of high school seniors transitioning into college to ask how we can improve our education system. One thing they mentioned is that they did not feel prepared for the real world. I started asking them questions to try to figure out...

Aug 17 2021

Congress Has Kicked The Cyber Hornet's Nest

Aug 17 2021 Published at Bitcoin Magazine under tags  congress culture law politics regulation

It shouldn’t be surprising that a decentralized, open-source monetary network is good at organization.Written August 12, 2021.With the debate over the infrastructure bill, policymakers were caught off guard. Few in Washington anticipated Bitcoiners’ ability to respectfully and relentlessly express our disdain toward unnecessary regulation that is likely to have unintended consequences.The...

Aug 11 2021

Jack Dorsey Explains “Broker” Meaning in Ongoing Cryptocurrency Tax Bill Dispute

People are reacting differently to the US cryptocurrency tax bill that is shaking the community in recent times. There is a high apprehension that the bill might win the debate and becomes a law in the United States. Currently, the cryptocurrency tax bill is under debate, and big shots such as Jack Dorsey are actively participating in the...

Jul 29 2021

The Infrastructure Bill Shows Why Bitcoiners Need To Be Politically Active

This is simply the latest development that shows the lack of understanding amongst policy makers.The Senate procedural vote held late Wednesday night was a big step forward in the difficult process of brokering such a large infrastructure package in Congress. This is, however, the very first step for the package, and requires a few more hurdles before it reaches President Biden’s desk...

Jul 08 2021

Worldwide Adoption: Mexico And Argentina Flirt With Bitcoin Law

The road to worldwide adoption starts with one step. El Salvador took it with their Bitcoin Law. After their announcement, every country in the region seems to be testing the waters in its own way. And now it’s Mexico and Argentina’s turn. If we take out Portuguese-speaking Brazil, these two are the biggest markets in Spanish-speaking Latin America. And they’re both flirting with...

Jun 20 2021

US Congress Creates New Crypto Working Group to Tackle Blockchain Regulation, CBDCs, and More

Jun 20 2021 Published at Bitcoinist.com under tags  blockchain cbdc china congress crypto

Earlier this week, Congresswoman Maxine Waters announced that Congress had formed a new working group that would focus on cryptocurrency and fintech policy. Called the Blockchain Caucus or Fintech Task Force, the House Democrat group will feature 12 members of the House Financial Services Committee. I applaud Chairwoman...

May 20 2021

Interview: Bitcoin In Congress With Warren Davidson

Representative Warren Davidson joined the "Bitcoin Magazine Podcast" to discuss bitcoin, Congress and the "Token Taxonomy Act."Watch This Episode On YouTubeListen To This Episode:...

Feb 18 2021

US Lawmakers Looking Into China’s Role in GameStop Pump: Report

Some Republican members of the House Financial Services Committee want to look into Reddit’s ties to Chinese tech conglomerate Tencent and Robinhood rival Moomoo.

Jan 28 2021

US Congress Plans Hearings on GameStop Market Pumps

While Congress is planning multiple hearings, it's less clear what financial regulators might do.

Jan 01 2021

US Representatives Demand Deadline Extension for Devastating Crypto Rule

A bipartisan group of Congresspeople led by Rep. Tom Emmer has written to the U.S. Treasury Department to extend the deadline for obtaining public comments on the proposed legislation for KYC for self-hosted crypto wallets and blockchain nodes. A Rushed, Illegitimate Crypto Rule On...

Dec 20 2020

US Lawmakers ‘Hours Away’ From Stimulus Bill, McConnell Says: WSJ

Negotiators on Sunday were hammering out final details of a $900 million pandemic stimulus bill with Senate Majority Leader Mitch McConnell saying they were hours away from completing the deal, the Wall Street Journal reported.

Dec 10 2020

US Congressmen Combat Treasury’s “Impractical Regulatory Burdens” on Crypto

Dec 10 2020 Published at Crypto Briefing under tags  aml analysis congress kyc wallets

Legislative representatives and industry leaders have taken a firm stand against a proposed law that would make KYC/AML mandatory for self-hosted crypto wallets. ...

Dec 09 2020

US Lawmakers Ask SEC to Clarify Broker-Dealer Rules

U.S. lawmakers asked the SEC and FINRA to clarify how crypto firms can become registered broker-dealers and provide custody services for crypto assets.

Dec 03 2020

US Congress Takes “Huge Step” Back With Latest Stablecoin Ruling

Dec 03 2020 Published at Crypto Briefing under tags  congress education regulations

U.S. Congress has proposed a new bill that could hamstring privately-issued stablecoins such as USDT, USDC, PAX, and many others. And due to the popularity of these stablecoins, the...

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