Legislation News

The bill complements one already on the governor’s desk that regulates digital assets owned by individuals.

The former presidential candidate spoke at NABS about opportunities the United States may be missing to blockchain and AI for the public good.

The act aims to explicitly forbid U.S. government officials from engaging in transactions with iFinex, the parent company of USDT issuer Tether.

Rep. Tom Emmer added a provision in the House GOP spending bill that would block the SEC from using government funds to pursue crypto companies until Congress weighs in on who has jurisdiction over crypto.

Besides being short on crypto specialists, the SEC OIG noted a litany of problems that are already familiar — lack of legislative clarity, lack of interagency coordination, etc.

The new tokens join the ranks of BTC, ETH and LTC for use by the 4,000-plus companies located in the zone, which is considering new legal measures as well.

The SEC’s Staff Accounting Bulletin 121 has been the target of much criticism in the crypto community.

The Virtual Asset Users Protection Act was passed in June without a sufficient regulatory framework, the head of South Korea’s Financial Supervisory Service said.

U.S. House Oversight and Accountability Committee Chair James Comer thinks Gensler is stonewalling him. Crypto supporters know the feeling.

Bills focused on crypto regulation, market structure and stablecoins could all be put on hold if U.S. lawmakers don’t reach a decision on government spending by Sept. 30.

Despite approaching the issue from vastly different angles, the two sides were able to agree on a few basics as the bill passed out of committee.

U.S. Rep. Tom Emmer told an audience at Permissionless II that things are looking up for crypto and it’s time to concentrate the narrative on innovation.

Michael Barr expressed “strong concern” about stablecoins and appreciation of legislative efforts to address them at the Philadelphia Fed’s fintech event.

The committee members suspect the Fed is trying to hold up Congressional efforts to pass stablecoin legislation by restricting banks’ actions.

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.