The Republican congressman is supporting Sen. Tommy Tuberville’s Senate bill and financial services companies that want to include crypto in their 401(k) product offerings.
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Florida Rep. Donalds introduces Financial Freedom Act companion bill in the House - News
G7 financial officials call on Financial Stability Board to step up crypto regulation—report Chaos on the crypto market in the wake of the Terra collapse caused a heightened sense of urgency among the ministers to continue the regulatory process.
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SWIFT, Capgemini team up to test using the international network for CBDC transfers The bank messaging service, which dates back to the 1970s, is looking to connect CBDCs to each other and to traditional currencies as it tries to stay up to date.
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Candidate supported by Bankman-Fried-linked PAC loses Oregon primary Record spending in a Democratic House primary could not give a political newcomer the boost he needed to overcome a local politician with a long career.
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Commissioner Kristin Johnson to sponsor CFTC Market Risk Advisory Committee The crypto hawk Biden appointee will sponsor a panel of 36 financial industry executives, thought leaders and other prominent figures.
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Shanghai court affirms that Bitcoin is virtual property, subject to property rights A district court in Shanghai ruled on a Bitcoin owner’s right to compensation in a case involving an unpaid loan and decided on Bitcoin’s legal status in the process.
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Chairs from the SEC and CFTC talk crypto regulation at ISDA meeting Rostin Behnam and Gary Gensler make their positions clear in keynote addresses at the annual meeting of the ISDA with Sam Bankman-Fried in attendance.
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The Fed cites its concern about stablecoins in its latest Financial Stability Report The report points out stablecoin’s possible low stress resistance and overuse in leveraged cyptocurrency trading, reiterates its position on CBDC.
- Analysis
Decentralization is helping to shape the course of scientific research and business Decentralized science, dubbed DeSci, is creating new markets for knowledge and new opportunities on commercial markets.
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Crypto mixer sanctioned by US Treasury for role in Axie Infinity hack The crypto mixer is said to have processed $20.5 million out of the $620 million taken by North Korean Lazarus Group hackers.
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Fed hikes interest rates by 50 basis points in effort to combat inflation The May Federal Open Market Committee policy meeting concluded with the largest single rate hike in over two decades.
- Analysis
Little by little, blockchain technology is beginning to appear around the house From ecological seafood to Bored Apes, blockchain technology is making its presence felt in homes.
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Ex-Fed vice-chair Quarles has lost none of his fervor in opposing US CBDC The former Federal Reserve official once again expressed his opposition to a United States central bank digital currency in a Tuesday podcast.
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Sen. Lummis teases upcoming crypto bill, says NFTs won’t be included in it The senator spoke about the importance of definitions and weeding out nonviable altcoins for her comprehensive bill on cryptocurrency.
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Bitcoin miners rebut claims made by US Democratic legislators to EPA administrator In a note authored by Michael Saylor, Nic Carter and Darin Feinstein, the Bitcoin Mining Council alleges that lawmakers can't tell the difference between a data center and a power plant.
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ECB, Eurosystem begins experimental prototyping of digital euro customer interface Up to five banks or other payment services providers will be selected to participate without compensation in the development of the digital euro front end.
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FTX executive Wetjen calls CFTC application an opportunity for the agency to innovate Former CFTC head Giancarlo said a “central bank mindset” is holding crypto back, and Wetjen saw the need for more entrepreneurialism in regulatory agencies.
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The Philippines will launch pilot wholesale central bank digital currency project Retail digital payments are growing, but the country needs to implement further payment and financial inclusion reforms before a retail CBDC will be needed.
- Interview
Crypto advocate mounts challenge to longtime Silicon Valley Congresswoman Greg Tanaka is an entrepreneur and DeFi developer who wants to make crypto a legal tender.
- Newsletter
Law Decoded: Competing narratives around crypto clash on the Earth Day, April 19-26 The future of crypto adoption will largely depend on which of the competing narratives about digital assets and blockchain’s environmental effects prevails.
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Binance.US leaves Blockchain Association to form own DC government affairs team The U.S. affiliate of the world’s largest crypto exchange says it’s time for its own voice, and major lobbyist Blockchain Association wished them well.
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Australian prudential regulator releases roadmap for cryptocurrency policy The Australian Prudential Regulation Authority foresees enacting requirements for bank exposure, operational risk and stablecoins by 2025.
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IMF global financial stability report sees complex roles for cryptocurrency, DeFi Decentralized finance offers a mix of risks and benefits as it forms interconnections with traditional finance, the International Monetary Fund finds in a new report.
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Congress tells SEC redefining long-standing concepts would be bad for digital ecosystem Republican House Financial Services Committee members are resisting proposed changes to the 1934 Exchange Act in a letter to the SEC.
- Newsletter
Law Decoded: Paris is always a good idea, even for talking crypto policy — April 11–18 Ripple rejoices, the SEC gets challenged to a narrative battle and Brazil moves ahead with crypto legislation.
- Analysis
Self-regulatory organizations growing alongside new US crypto regulation SROs can eventually provide the “connective tissue” between the crypto industry and U.S. government as regulatory infrastructure forms.
- Breaking news
North Korean Lazarus Group allegedly behind Ronin Bridge hack Treasury Department updates SDN list to ostensibly tie infamous hacker group to last month’s mega-heist.
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BIS releases study of CBDCs and their role in financial inclusion of the unbanked The researchers from BIS and the World Bank identify common factors across nine central banks that face a variety of different challenges.
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ECB executive board member talks about current state of digital euro CBDC research Fabio Panetta outlined recent findings and remaining challenges while emphasizing the necessity of a well-designed European CBDC.
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The FDIC wants US banks to report on current and intended crypto-related activities The U.S. bank insurer has concerns over the ability of the institutions it supervises to assess crypto risks adequately, and it’s none too sure about its own abilities.