The bill amends ERISA of 1974 to include digital assets under “covered investments,” thereby shielding investment managers from liability.Republican lawmakers drafted a bill enabling investment managers to offer bitcoin in 401(k) plans.The bill seeks to remove liability for a breach of fiduciary duty for offering access to bitcoin and cryptocurrencies. The bill is likely to be...
Since regulatory bodies around the globe are attempting to supervise the use of cryptocurrencies, officials are rigid in designing suitable policies for the nascent technology. And the ever-changing government rules have become a critical problem for crypto enthusiasts to comply with. In order to tackle this problem, Coinbase plans to include a political section in its app. Brian Armstrong, founder and CEO of...
The letter aims to enlighten the U.S. Congress on the global importance of Bitcoin as a tool for personal and financial freedom as regulators seek legislation.20 human rights leaders from 20 countries penned an open letter to the U.S Congress to ask for responsible bitcoin legislation.The letter was in part a response to an anti-crypto letter recently sent to Congress that...
Everything surrounding the ACES act is almost comedic. U.S. Senators Jim Risch, Bob Menendez, and Bill Cassidy introduced the “Accountability for Cryptocurrency in El Salvador” AKA the ‘‘ACES Act.’’ It’s bipartisan legislation that would allow the U.S. to produce a...
Is U.S. Congressman Warren Davidson reacting to the current situation in Canada? He recently introduced the “Keep Your Coins Act” to protect private bitcoin and crypto usage in his country. Specifically, it prohibits Federal Agencies from interfering with the right to self-custody and to transact P2P. It restricts their ability to ban “self-hosted” cryptocurrency wallets. In Canada,...
In a letter sent to SEC Chairman Gary Gensler, two Congressmen articulate why a spot bitcoin ETF should be approved in the U.S.Today, the Securities and Exchange Commission (SEC) Chairman Gary Gensler was sent a letter written by two U.S....
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...
U.S. Representative Warren Davidson has reintroduced the Token Taxonomy Act to provide regulatory clarity around digital currencies.U.S. Representative Warren Davidson reintroduced the Token Taxonomy Act, a bill designed to provide regulatory clarity to blockchain-based businesses and digital currency users, according to a press release sent to Bitcoin Magazine.If passed, the act would amend the...
On one side the congress leaders are trying to get on same page for the Friday deadline of stimulus and spending bill, Bitcoin is fast approaching its all time high of 20k again. The bitcoin and crypto community is eagerly waiting for the congress to pass $748 Billion stimulus and spending bill that might boost The post Bill Update: Lawmakers Optimistic on $748...
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On November 3, 2020, the Associated Press...
This week, the Chamber of Digital Commerce sent all 535 members of the United States Congress about 0.0047 BTC ($50 worth at the time), in an effort to educate the country’s legislators around cryptocurrency and blockchain technology that it calls Crypto For Congress. Leveraging Federal Election Commission rules that allow for cryptocurrency-based campaign contributions and its own Political Action Committee to...
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