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Senate Committee Discusses Strong Federal Oversight of Crypto Markets

Bitcoin.com
Senate Committee Discusses Strong Federal Oversight of Crypto Markets
Bitcoin
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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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

North Carolina’s CBDC ban bill vetoed by governor

Coin Telegraph
<div>North Carolina's CBDC ban bill vetoed by governor</div>
Blockchain Association

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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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

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

Bitcoin.com
US Lawmaker Pushes Bill to Allow Bitcoin Payments for Federal Income Taxes, Citing El Salvador’s Success
Bitcoin
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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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

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

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

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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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

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

Bitcoin.com
Coinbase Seeks Immediate Appellate Review in SEC Lawsuit, Citing Recent Legislation
Appeal
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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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

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

Bitcoin.com
US Lawmaker Introduces Bill to Dismantle Fed’s Board of Governors and Abolish the Central Bank
bitcoin.com
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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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

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

Bitcoin.com
Tens of Thousands Show Overwhelming Support for Abolishing the Fed, US Policymaker’s Poll Reveals
Bitcoin
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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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

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

The Daily Hodl
‘Just a Bunch of Noise and Garbage’: Cardano Creator Blasts Biden’s Stance on Planned Repeal of SEC Custody Law
ada
‘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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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

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

The Daily Hodl
New Stablecoin Bill Would Violate Free Speech Rights, Says Crypto Advocacy Group Coin Center
bill
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 […]

The post New Stablecoin Bill Would Violate Free Speech Rights, Says Crypto Advocacy Group Coin Center appeared first on The Daily Hodl.

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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Elizabeth Warren supports enhanced U.S. sanction options for stablecoins

Coin Telegraph
Elizabeth Warren supports enhanced U.S. sanction options for stablecoins
Coin Telegraph

The senator wants new sanctions authority included in stablecoin legislation, but the Lummis-Gillibrand bill will disappoint her.

United States Senator Elizabeth Warren has sent a letter to Treasury Secretary Janet Yellen commenting on Deputy Treasury Secretary Wally Adeyemo’s testimony before the Senate Banking Committee on April 9. She pursued the same line of thought as she did during the hearing — Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT).

Warren expressed her support in the letter for the legislative adoption of more comprehensive AML/CFT measures for stablecoins. Adeyemo appeared at the Senate hearing to discuss Treasury proposals for expanding its sanctions powers to blockchain validator node operators, among other measures. The Treasury listed its enhanced enforcement goals in response to gaps in current regulation in a document Warren calls a “letter to Congress” dated November 2023. Warren wrote:

Warren was apparently not referring to the stablecoin bill introduced into the Senate by Senators Kirsten Gillibrand and Cynthia Lummis on April 17, the day after the date of her letter. The 179-page Lummis-Gillibrand bill makes almost no mention of AML/CFT.

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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

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