The “CBDC Anti-Surveillance State Act,” aimed at preventing the Federal Reserve from issuing a central bank digital currency, has passed the House Financial Services Committee.
Congress News
- News5958
- News
The digital assets subcommittee heard from five witnesses on a U.S. CBDC, most of whom had little good to say about it.
2996 - News
The majority of the tech leaders in attendance agreed that AI needs to be regulated, with Elon Musk calling the meeting a game changer for civilization.
1963 - News
The bill would limit the Fed from issuing a CBDC, which Tom Emmer called a surveillance tool that would “undermine the American way of life.”
6323 - News
The legislation is expected to be a guide for managing both the potential benefits and risks associated with AI technology.
8567 - News
Philip Jefferson, who has been serving as a Fed governor since 2022, will take on the No. 2 role under Chair Jerome Powell at the central bank until 2036.
1660 - News
The committee members suspect the Fed is trying to hold up Congressional efforts to pass stablecoin legislation by restricting banks’ actions.
5365 - News
Representative Derek Kilmer will chair the Artificial Intelligence Working Group, which is aimed at introducing “sensible, bipartisan” policies for AI technology.
3321 - News
Their letter aimed to explore whether these guidelines might inadvertently hinder the progress and growth of cutting-edge innovations.
15403 - News
The Republican bill, dubbed FIT for the 21st Century, was drafted by two House committees and passed after strenuous preparations by members of both parties.
4306 - News
Republican leadership has blamed the Biden administration for not having a “sense of urgency” on stablecoins, while the Democratic response suggested “impatience” by lawmakers.
6626 - News
With the United States government accused of covering up extraterrestrial activity, crypto degens were quick to sprout a shiny batch of memecoins.
5859 - News
On July 26, six pieces of legislation were being considered by the House Financial Services Committee, including ones on regulatory clarity and consumer protection in the space.
7965 - Newsletter
Last week was marked by two new legislative initiatives for the crypto industry in the United States.
13477 - News
In a report requested by Rep. Maxine Waters, the country’s top watchdog is carefully neutral but dissatisfied with agencies’ abilities to work together.
10115