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Crypto could get boost from younger, tech-savvy Harris administration 

A Harris administration could be younger and more pragmatic and bring “a fresh perspective toward crypto,” some believe.

The campaign of United States presidential candidate and sitting Vice President Kamala Harris has given several signals that her administration would benefit the crypto industry.

As Harris continues to climb in the polls, industry observers are beginning to ask more questions.

Would a Harris presidency include younger advisers and political appointees who are more open to cryptocurrencies and blockchain technology — unlike the old guard of Biden, Yellen and Gensler?

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Putin Signs Law to Regulate Crypto Mining in Russia

Putin Signs Law to Regulate Crypto Mining in RussiaRussian President Vladimir Putin has enacted legislation to formally regulate the cryptocurrency mining sector in Russia, with the law set to take effect in November. This legislation establishes a regulated framework for mining operations, limiting participation from entities associated with electricity and prohibiting the promotion of cryptocurrencies. It also allows the circulation of mined cryptocurrency […]

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French Regulator Begins Accepting Crypto Service Provider Applications Ahead of MiCA Regulation

French Regulator Begins Accepting Crypto Service Provider Applications Ahead of MiCA RegulationThe French financial regulatory authority has begun accepting applications for authorization as a crypto asset service provider under the European Markets in Crypto-Assets (MiCA) Regulation, ahead of its implementation in December 2024. This regulation mandates prior authorization for market participants offering crypto asset services in the EU, with strict adherence to anti-money laundering, cybersecurity, and […]

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New Senate Bill Empowers US Secret Service to Combat Digital Asset Cybercrimes

New Senate Bill Empowers US Secret Service to Combat Digital Asset CybercrimesU.S. senators have introduced legislation to empower the Secret Service to combat cybercrimes involving digital assets. This legislation addresses the growing use of cryptocurrencies for illicit activities and mandates the Government Accountability Office to evaluate law enforcement’s effectiveness in tackling money laundering in cyber crimes. New Bill Targets Cybercrime and Money Laundering with Digital Assets […]

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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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