Tag: congress

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...

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....

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...

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...

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...

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...

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...

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...

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:...

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.

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

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...

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.

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. ...

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.

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...