The U.S. House of Representatives recently passed bipartisan legislation that would prop up a working group designed to probe the use of digital assets in illicit finance. The Financial Technology Protection Act would pull together officials from the private sector and a wide range of government departments to develop reports on how fintech can be […]
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Crypto is gaining momentum among U.S. lawmakers. Senator Cynthia Lummis stated: “We are building a pro-crypto army in Congress.” This declaration came shortly after the House of Representatives passed the landmark Financial Innovation and Technology for the 21st Century Act (FIT21) crypto bill, despite opposition from the White House and SEC Chairman Gary Gensler. ‘We […]
The U.S. House of Representatives has approved the Financial Innovation and Technology for the 21st Century (FIT21) Act for the regulation of crypto assets despite opposition from President Joe Biden and SEC Chair Gary Gensler. This landmark legislation secured a bipartisan approval with a vote of 279 to 136. “FIT21 is the first legislation of […]
The U.S. House of Representatives is gearing up to vote on a major crypto bill that aims to clarify how digital assets are regulated. The bipartisan “Financial Innovation and Technology for the 21st Century Act” would empower the Commodity Futures Trading Commission (CFTC) to regulate crypto assets as commodities if the blockchain they run on […]
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Members of the U.S. House of Representatives are planning a series of hearings to discuss clear crypto guidelines. In a new press release, the heads of four different Committees within the House say they are planning to hold multiple meetings to identify regulatory issues within the crypto industry and solve them. The lawmakers say they […]
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The Chairman of the U.S. Securities and Exchange Commission (SEC) is set to face Congress over his approach on crypto assets. In a recent interview with Punchbowl News, Republican Congressman Patrick McHenry, the current Chair of the House of Representatives Financial Services Committee, confirms that SEC Chair Gary Gensler will face Congress on April 18th […]
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Barney Frank, a former member of the U.S. House of Representatives from Massachusetts and leading co-sponsor of the 2010 Dodd-Frank Act, discussed his opinion on the recent failure of Signature Bank. In an interview, Frank stated that he believes regulators aimed to “send a very strong anti-crypto message.” Frank, who also serves as a Signature […]
A Republican House leader says Congress will shape the future of Bitcoin (BTC) and cryptocurrency in the US – not the White House. House majority whip Tom Emmer is outlining a list of pro-crypto proposals making their way through the House of Representatives that he believes would bring constructive clarity to the emerging industry. And […]
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US Senator Ted Cruz wants lawmakers in Washington D.C. to be able to purchase their vending-machine snacks using crypto assets. Cruz submitted a resolution earlier this week that would require the Senate and the House of Representatives to only work with food service and vending machine contractors that accept cryptocurrencies. The resolution would apply to […]
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The U.S. House Financial Services Committee is reportedly planning on holding an official hearing regarding the recent collapse of the crypto exchange platform FTX. According to a new report by The Wall Street Journal, the leaders of the committee, Democratic Representative Maxine Waters of California and Republican Representative Patrick McHenry of North Carolina, said they are […]
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