Congress News

U.S. Congress will need to step in to decide who gets crypto regulation bragging rights if the SEC and CFTC cannot resolve the issue internally.

The bill defines digital commodities and requires registration of digital commodities platforms by the CFTC, with language that needs tightening.

The unresolved issues in the bill reportedly included provisions on custodial wallets from the Treasury Department, and concerns from the Securities and Exchange Commission.

“It’s time to move the crypto policy debate from "we need regulation" to 'what are the impacts of specific regulatory proposals?’” said Chamber of Progress.

Venture capitalists tend to invest in companies with predominantly white male leadership, while women and people of color “remain in the waiting room,” according to Stephen Lynch.

The Celsius failure continues to draw regulator’s and the community’s attention to lending issues.

“Digital assets, and their related mining activities, are essential to the economic future of the United States," said the group of 14 lawmakers.

A provision in the bill gives authority over some cryptocurrencies to the Commodity Futures Trading Commission (CFTC), with the agency head saying it cares about having “rigorous oversight of markets.”

The group of 21 activists provided examples of how crypto assists people around the world, saying “tens of millions” rely on Bitcoin and stablecoins as a way to access financial tools.

The draft bill proposes to eliminate anonymous crypto projects, with DAOs, DeFi and exchanges required to legally register in the United States.

Last week was marked by a reinvigorated discussion on crypto 401(k)s among high-profile U.S. policymakers.

The senator spoke about the importance of definitions and weeding out nonviable altcoins for her comprehensive bill on cryptocurrency.

The Digital Commodity Exchange Act would give the commodities regulator the authority to determine rules for cryptocurrency developers and exchanges offering spot trading.

Greg Tanaka is an entrepreneur and DeFi developer who wants to make crypto a legal tender.

Republican House Financial Services Committee members are resisting proposed changes to the 1934 Exchange Act in a letter to the SEC.