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US Senate Banking Committee Chair Sends Letter to the OCC to Clarify Crypto Payment Rules

US Senate Banking Committee Chair Sends Letter to the OCC to Clarify Crypto Payment Rules

The US Senate Banking Committee Chair Mike Crapo sent a letter to the OCC to develop guidelines on digital payments.

Congressional Panel Tackles Digital Asset Taxation Amid Treasury Relief

Congressional Panel Tackles Digital Asset Taxation Amid Treasury Relief

The U.S. Treasury Department's exemption of digital assets from corporate minimum tax rules marks a victory for the cryptocurrency industry, particularly for firms like MicroStrategy and Coinbase.

US Senate Finance Committee Seeks Input on Taxation of Digital Assets

US Senate Finance Committee Seeks Input on Taxation of Digital Assets

The US Senate Finance Committee has issued an open letter to the digital asset community and other interested parties, seeking their input on the taxation of digital assets. The letter, dated July 11, 2023, was signed by Chair Ron Wyden and Ranking Member Mike Crapo.

Former Fed Chair Janet Yellen Confirmed in Senate as new US Treasury Secretary

Former Fed Chair Janet Yellen Confirmed in Senate as new US Treasury Secretary

After being nominated by President Joe Biden, the United States Senate has now confirmed former Federal Reserve Chair Janet Yellen to serve as Treasury Security.

US Senator Pat Toomey Eyes Senate Banking Committee Chair and Digital Currency Regulations

US Senator Pat Toomey Eyes Senate Banking Committee Chair and Digital Currency Regulations

United States Senator Pat Toomey said he will take on digital currency regulation and payments reforms should he become the Senate Banking Committee’s next chairman.

OCC Head Brian Brooks Testifies Before Senate On Cryptocurrency and Stablecoins

OCC Head Brian Brooks Testifies Before Senate On Cryptocurrency and Stablecoins

The OCC Boss, Brian Brooks has testified before the US Senate Banking Committee about the growing use of cryptocurrencies and stablecoins in the country

What are the 7 Key Takeaways from Facebook's Libra Hearings?

What are the 7 Key Takeaways from Facebook's Libra Hearings?

The debate on Facebook's Libra continues with the hearing with Senate Banking Committee on 16 July and the United States House Committee of Financial Services on 17 July. Here are the 7 key takeaways from the two hearings.

US Treasury Secretary Janet Yellen Cites Crypto’s Growing Role in Terrorism Finance

US Treasury Secretary Janet Yellen Cites Crypto’s Growing Role in Terrorism Finance

US Treasury Secretary Janet Yellen said she sees the “promise” of cryptocurrency but also is wary of the reality that crypto is increasingly being leveraged to finance terrorism

Tencent, Huawei, and Baidu Executives to Join China’s New National Blockchain Committee to Set Industrial Standards

Tencent, Huawei, and Baidu Executives to Join China’s New National Blockchain Committee to Set Industrial Standards

The Chinese central government has put together a national blockchain committee to work on setting industrial standards. The Ministry of Industry and Information Technology (MIIT) issued a notice on April 13 of the “Public Notice on the Formation of a National Blockchain and Distributed Ledger Technology Standardization Technical Committee.”

What Will Gary Gensler’s Confirmation to The Role of SEC Chair Mean for The Crypto Industry?

What Will Gary Gensler’s Confirmation to The Role of SEC Chair Mean for The Crypto Industry?

SEC chairman nominee Gary Gensler testified before the Senate Banking Committee as part of his confirmation hearing.

California Crypto Bill Seeks to Measure the Consumer Impact of Digital Assets

California Crypto Bill Seeks to Measure the Consumer Impact of Digital Assets

California’s Senate Banking and Financial Institutions Committee has unanimously passed Assembly Bill 2150 which will help define digital assets as well as to measure its potential impact on the state and consumers

US Congress Planned Hearings on GameStop Market Conditions Shows Value of Bitcoin

US Congress Planned Hearings on GameStop Market Conditions Shows Value of Bitcoin

The US House Financial Services and Senate Banking Committee has announced that it will hold hearings on the chaos surrounding GameStop stocks.

Senate Hearing Views Digital Dollar CBDC as Critical to Maintaining Global Reserve Currency Status

Senate Hearing Views Digital Dollar CBDC as Critical to Maintaining Global Reserve Currency Status

The United States government’s plan for its digital dollar or central bank digital currency (CBDC) may have just reached a new level of urgency, as the US hopes to maintain its most effective tool of power—global dependence on the Federal Reserve and the US dollar.

Trump Outraged: Jack Dorsey Faces Senate Subpoena After Twitter Blocks Biden Ukraine Scandal

Trump Outraged: Jack Dorsey Faces Senate Subpoena After Twitter Blocks Biden Ukraine Scandal

CEO Jack Dorsey is to testify about the recent incident where Twitter blocked a NY Post news disclosing sensitive information on Joe Biden's scandal in Ukraine.

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