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Arthur Hayes on Bitcoin’s Political Clout: Can Crypto Voters Influence the 2024 Election?

Arthur Hayes on Bitcoin’s Political Clout: Can Crypto Voters Influence the 2024 Election?Arthur Hayes, co-founder of Bitmex, argues that the upcoming U.S. presidential election presents a unique opportunity for crypto advocates to leverage their voting power. With both major political parties vying for a narrow margin of swing voters, Hayes believes the crypto community could play a decisive role in determining the outcome. Arthur Hayes on Crypto’s […]

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Senate Committee Discusses Strong Federal Oversight of Crypto Markets

Senate Committee Discusses Strong Federal Oversight of Crypto MarketsThe Senate Committee on Agriculture, Nutrition, and Forestry held a hearing on Wednesday where Chairwoman Senator Debbie Stabenow stressed the urgent need for robust regulation in the crypto market. The discussion focused on investor protection, market integrity, and the necessity of federal oversight for digital commodities like bitcoin and ethereum. Senate Committee Highlights Need for […]

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North Carolina’s CBDC ban bill vetoed by governor

Governor Roy Cooper was slammed for not putting “partisan politics aside” to support a law that would benefit all North Carolina residents.

North Carolina Governor Roy Cooper has vetoed a bill banning the state from implementing a Federal Reserve-issued central bank digital currency despite receiving near-unanimous support in the House and Senate.

Cooper, who has faced criticism for making a politically motivated decision, explained in a June 5 statement that House Bill 690 was too “premature, vague, and reactionary” to sign into law.

Cooper’s veto followed a lopsided 109-4 vote in the House and a 39-5 vote in the Senate in late June.

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US Lawmaker Pushes Bill to Allow Bitcoin Payments for Federal Income Taxes, Citing El Salvador’s Success

US Lawmaker Pushes Bill to Allow Bitcoin Payments for Federal Income Taxes, Citing El Salvador’s SuccessU.S. Congressman Matt Gaetz has introduced a bill to allow federal income taxes to be paid with bitcoin. Inspired by El Salvador’s success with the cryptocurrency, the lawmaker believes this move will modernize the U.S. tax system, promote innovation, and maintain America’s technological leadership. Lawmaker Proposes Bill to Allow Federal Income Taxes to Be Paid […]

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Implementing FIT21 could be a ‘slow, slow process’ — CFTC Commissioner

Summer Mersinger anticipates extensive coordination and potential delays in the implementation of FIT21 across U.S. regulatory agencies if it is enacted.

Implementing the Financial Innovation and Technology for the 21st Century Act (FIT21) could be a lengthy process, potentially requiring months or even years of coordination between United States regulators before rules go into effect.

Summer Mersinger, Commissioner of the Commodity Futures Trading Commission (CFTC), made the prediction during a panel at the 2024 Consensus event. Mersinger sees a slow regulatory process for the bill if it becomes law.

“If you think legislation takes a long time, rulemaking takes a long time, too. And some of the Dodd-Frank rules we’re not even done,” said Mersinger, adding that the process’ length would depend on how Congress passes the legislation. She continued:

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Coinbase Seeks Immediate Appellate Review in SEC Lawsuit, Citing Recent Legislation

Coinbase Seeks Immediate Appellate Review in SEC Lawsuit, Citing Recent LegislationAs Coinbase seeks an interlocutory appeal in its legal dispute with the U.S. Securities and Exchange Commission (SEC), recent legislative developments have highlighted a growing discord between U.S. Congress and the SEC over digital asset regulation. This past week, legislators passed comprehensive digital asset legislation aimed at curbing the SEC’s expansive jurisdiction claims. As Coinbase […]

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US Lawmaker Introduces Bill to Dismantle Fed’s Board of Governors and Abolish the Central Bank

US Lawmaker Introduces Bill to Dismantle Fed’s Board of Governors and Abolish the Central BankFollowing the policymaker’s survey, U.S. Representative Thomas Massie (R-Ky.) announced the introduction of H.R. 8421, known as the “Federal Reserve Board Abolition Act.” This legislation aims to dismantle the Board of Governors of the Federal Reserve and close its branches across the continental United States. Federal Reserve Board Abolition Act Resurfaces Two days ago, Massie, […]

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Tens of Thousands Show Overwhelming Support for Abolishing the Fed, US Policymaker’s Poll Reveals

Tens of Thousands Show Overwhelming Support for Abolishing the Fed, US Policymaker’s Poll RevealsOn May 15, Thomas Massie, a Republican member of the United States House of Representatives, posted on X, inquiring whether he should introduce legislation to abolish the U.S. Federal Reserve. The poll garnered over 115,000 votes, with a significant 86% majority opting to “end the Fed.” Rep. Thomas Massie Questions Introducing Bill to Abolish U.S. […]

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‘Just a Bunch of Noise and Garbage’: Cardano Creator Blasts Biden’s Stance on Planned Repeal of SEC Custody Law

‘Just a Bunch of Noise and Garbage’: Cardano Creator Blasts Biden’s Stance on Planned Repeal of SEC Custody Law

The creator of smart contract platform Cardano (ADA) is calling out President Joe Biden’s stance on a planned resolution that would enfeeble the U.S. Securities and Exchange Commission (SEC). In a new video update, Charles Hoskinson tells his 315,000 YouTube subscribers that Biden saying he would veto H.J. Resolution 109 if passed is “just a […]

The post ‘Just a Bunch of Noise and Garbage’: Cardano Creator Blasts Biden’s Stance on Planned Repeal of SEC Custody Law appeared first on The Daily Hodl.

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New Stablecoin Bill Would Violate Free Speech Rights, Says Crypto Advocacy Group Coin Center

New Stablecoin Bill Would Violate Free Speech Rights, Says Crypto Advocacy Group Coin Center

A nonprofit crypto advocacy group says that a stablecoin bill proposed earlier this week by two US senators would violate free speech rights. In a new article, Coin Center says that the bipartisan stablecoin bill – proposed by Republican Senator Cynthia Lummis of Wyoming and Democrat Senator Kirsten Gillibrand of New York – is unconstitutional […]

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