Search Results for "congress"
New York Senate Gives Moratorium on Bitcoin Mining Operations Per Climate Change Concerns
New York Senators are seeking a new law that clamps down on coal-powered mining while giving exceptions to green energy-powered Bitcoin mining.
US Congress Plans New Provisions for Cryptocurrency Derivatives Markets
The US Congress aims to pass a new bill deciding on data collection for digital commodities contracts and swaps.
SEC Chair Gary Gensler Asks Congress to Regulate Crypto Exchanges
Gary Gensler, the chairman of the SEC, has urged US Congress to create a regulatory framework for crypto exchanges in the United States.
US Legislators Approve Digital Taxonomy and American COMPETE Blockchain Bills in Tech Race with China
US lawmakers approved the American COMPETE Act and the Digital Taxonomy Act, in an active race against China the blockchain and technological sector.
US Congress Encouraged to Regulate Crypto Sector Under Bank Secrecy Act
A Washington DC-based strategic advisory firm, the Financial Integrity Network (FIN), pushed the United States Congress to regulate firms in the cryptocurrency sector under the Bank Secrecy Act (BSA).
China Passes Civil Code Which Will Allow its Citizens to Inherit Cryptocurrency
At the Thirteenth National People’s Congress held in Beijing China, the parliament passed a new civil code that protects the civil rights of inheritance, marriage, property, personality, and contract infringement. According to Lixin Yang, a professor at Renmin University of China, the civil code states that “When a natural person dies, the legacy is the personal legal property left by she/he.” Personal legal property in this case also means “internet property” including virtual currencies. Chinese citizens will be able to leave their cryptocurrency and virtual assets to their heirs, coming into effect on January 1, 2021.
Elizabeth Warren Wants SEC to Double Down on Crypto Enforcement
Warren wants the SEC to "double down" on crypto enforcement. The U.S. senator said that the previous SEC administration "basically gave the green light" to a cryptocurrency market "full with trash tokens".
US Congressman Set to Implement the Cryptocurrency Act of 2020
Paul Gosar of the House of Representative introduced the “Crypto-Currency Act of 2020,” on March 9, a bill that is set to choreograph a wide range of digital assets to be liable to the appropriate regulatory bodies and agencies assigned to it.
US Democrats Propose Distributing Covid-19 Stimulus Payments Through Digital Dollars to Unbanked Citizens
As markets across the globe continue to feel the crunch of economic disruption caused by the coronavirus pandemic, debate has raged over a massive stimulus package being proposed in the US which could see the IRS send up to $2000 a month to all US citizens until the recession takes a turn for the better.
Alabama Senator Tommy Tuberville reintroduces legislation allowing United States 401k
Senator Tommy Tuberville proposed legislation to reverse Department of Labor regulation on 401(k) investments, including crypto.
FinTech Giants PayPal, Intuit and Square Capital Approved to Digitally Distribute US Govt COVID-19 Small Business Stimulus
PayPal, Square and Intuit have received the government’s approval to take part in the US Small Business Administration’s (SBA) Paycheck Protection Program which was established in response to the COVID-19 pandemic triggered global financial crisis.
Democrats Critical of OCC's "Excessive Focus" on Crypto and Stablecoin Financial Services
Democrat members of the United States Congress led by Congresswoman Rashida Tlaib (D-MI) have criticized the OCC's focus on crypto and stablecoins.