News
Crypto lawyer Jake Chervinsky said legislation covering crypto developer protections has been overshadowed by the intense focus on stablecoin yield in the CLARITY Act.
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Bills News
A bill is a request to pay money owed. As cryptocurrency has become widely spread, a lot of platforms allowing people to pay bills in Bitcoin or any other altcoins have appeared. Paying bills using Bitcoin is an innovative process with many advantages, such as fast and convenient transaction processing and the luxury of now needing to leave home. Besides that, related to bills requesting financial structures are considering the implement of blockchain technology in order to have distributed and transparent system with which the loss or damage of any information about a payment will become impossible and, with a special digital key, the access to a user's bill history will be available at any place and time.
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Coinbase is reportedly still pushing back against stablecoin yield provisions in the Senate’s crypto market structure bill, a move that has derailed past efforts to advance the legislation.
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Kalshi and Polymarket have moved to restrict insider trading on the same day lawmakers introduced a bipartisan bill to ban popular sports event contracts.
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The Senate Banking Committee has been looking to advance its crypto market structure bill since postponing a markup in January.
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Senator Angela Alsobrooks says she’s working on a proposal to move a key crypto bill forward, but crypto and the banks will have to compromise.
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New regulatory frameworks weren’t needed when financial infrastructure shifted from paper to electronic records, so it isn't needed for blockchain either, argues ASIC’s Rhys Bollen.
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The Blockchain Association urged Congress to exempt low-dollar crypto transactions and tax mining and staking rewards upon sale.
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White House crypto adviser Patrick Witt reportedly refocused crypto and bank lobby talks on a crypto bill to allow stablecoin rewards tied to transaction activity.
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Coin Center said internet and cloud hosting providers aren’t prosecuted when criminals misuse their platforms, arguing crypto developers shouldn’t be either.
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Bitwise’s Matt Hougan says crypto will have to “wrestle with prolonged regulatory grind and skepticism” if the US fails to pass a market structure bill.
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US Senator Roger Marshall filed an amendment last week that would have forced companies to compete on swipe fees.
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The amendments marked the latest Democratic Party-driven push to prevent US officials from profiting off of crypto interests.
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The Senate Banking Committee is backing Donald Trump’s move to bar institutions from buying family homes, which could delay the market structure bill, Bloomberg reports.
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As Republicans look to notch policy wins ahead of the midterms, Trump advisor Patrick Witt says the market structure bill must include compromises to advance in the Senate.
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The Republican and Democratic Senate Judiciary leaders have called for changes to the market structure bill, arguing it would “weaken” the ability to police money transmitters.
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