U.S. financial regulators will now work together to create modalities for clear-cut crypto regulations in America.
Congress News
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The Senate held its first hearing on Gary Gensler's nomination to chair the SEC today.
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U.S. Congress subcommittee says that bank reporting methods led to Capitol attack arrests but worries that Bitcoin might have helped fund the insurrection.
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But security tokens are not ready to take over the world quite yet.
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We didn't learn much new in today's hearing, but the spotlight was definitely on the gamified trading app, rather than the traders on r/WallStreetBets.
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The price of GME has fallen almost 90% since lawmakers first called for a hearing.
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The former aide to Representative Davidson will join crypto's leading trade association.
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The era of tech giants buying up their up-and-coming competitors will be over if these senators get their way.
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In announcing the appointment, Lummis made clear that she hopes to get digital asset legislation moving.
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In a week that saw meme-driven investors rail against Robinhood in what coverage painted as a David and Goliath story, considerations of who exactly policy should defend flared up.
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Both the Senate and the House are looking into Wall Street's market practices, especially short-selling.
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As many in the crypto industry have said, 15 days over the holidays is just not enough time to respond.
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Congressman Davidson, in particular, sees potential Treasury action as a bad idea for everybody involved.
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Several members of the Congressional Blockchain Caucus are calling for more clarity on broker-dealer rules from the U.S. securities regulator.
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Allaire also sees political moderation as the best scenario for continued crypto development.
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