The Long Arm of FTX

Two weeks ago, I thought the biggest story for the week of Nov. 8 would be the U. S. midterm election. Control of both the House and the Senate were up for grabs, with the future of crypto legislation at stake.

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Iowa House Says Yes to Blockchain and Smart Contracts

The State of Iowa House has unanimously passed a bill, Senate File (SF) 541, that facilitates electronic transactions. According to the Gazette, the bill formally recognizes smart contracts. It also confirms the blockchain as a secure and reliable ledger for storing information.

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Wyoming: Senate Committee Approves Bill to Recognize DAOs as Companies

Wyoming continues to show the way to the world in embracing a digital, decentralized economy. DAO Bill Moves to the Wyoming House of Representatives Recently, the Wyoming state senate approved historical legislation that seeks to recognize decentralized autonomous organizations (DAOs) as companies.

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Kentucky Pushes Mining Tax-Breaks in Bid to Attract Crypto Community

The Kentucky House Budget Committee approved a bill in a 19-2 vote to eliminate the sales tax on electricity for use in cryptocurrency mining operations. The bill, designed to attract more miners to the state, is now in the Kentucky Senate for review.

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Congress announces hearings on stock market in light of Robinhood v. Reddit battle

Both the Senate and the House are looking into Wall Street's market practices, especially short selling.

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Fresh Biden Stimulus Package Could Help Boost Bitcoin

This comes after the current administration’s failed attempts to secure $2,000 stimulus checks, due to opposition from Senate Republicans. Now that the Democrats control both the House and the Senate, President-elect Biden can push for the higher figure without facing the same level of opposition the current administration has.

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New Stimulus Proposals Gain Support While Lawmakers Push for Second Stimulus Checks to Help Americans

Two new stimulus packages have been proposed while lawmakers continue to push for second stimulus checks to help Americans cope with the coronavirus-led economic crisis. House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell want to add stimulus measures to the spending bill that must be passed before the Dec.

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Second Stimulus Checks: When Lawmakers Will Pass Relief Package With Direct Payments to Americans

Negotiations on a new coronavirus aid stimulus package are still underway as Americans wait to receive their second round of stimulus checks. House Speaker Nancy Pelosi, President Donald Trump, and Senate Majority Leader Mitch McConnell have their own ideas of when the next stimulus package with direct payments to Americans will pass.

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Pelosi Rejects, Senate GOP Bridles at White House’s $1.8T Stimulus Offer: Reports

The speaker, though saying the boosted offer comes up short in several areas, didn't shut the door on a deal.

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US House Lawmakers Pass Two Key Blockchain Legislation; Bills Headed To Senate

Following a two-week debate in the U. S. Congressional House, the Consumer Technology Act, which covers the Digital Taxonomy Act and the Blockchain Innovation Act, passed on Tuesday. The Act will now head to the Senate for debate.

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Blockchain legislation heads to US senate

Blockchain legislation in the United States has passed the House and is now headed...

The post Blockchain legislation heads to US senate appeared first on Coin Journal.

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White House Economic Advisor Says Further $1,200 Stimulus Checks in Works

White House economic advisor Larry Kudlow told CNN Sunday that a new stimulus plan is on the way. The bill, put forward by Senate Republicans, will provide a new round of $1,200 stimulus checks and lengthen the rent moratorium.

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Louisiana Senate Proposes Virtual Currency Businesses Act; Crypto Companies Would Need to Register

A virtual currency business licensing bill (HB701) sponsored by state Rep. Mark Wright was cleared unanimously by the state House of Representatives and now has been forwarded to the Senate Committee on Commerce, International Affairs, and Consumer Protection.

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Louisiana State Senate to Consider Crypto Business Licensing Bill

The Louisiana State House of Representatives passed a bill on Wednesday to regulate and license virtual currency businesses. A Senate committee will now evaluate the proposal.

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US Lawmaker Claims Stimulus Bill Bolsters Fed Secrecy, Pork Funds, and Wall Street Bailouts

On Friday, U. S. bureaucrats passed the 2020 stimulus bill, which has become the largest cash injection package ever created by the federal government. However, following the bill making it through the Senate and House, Republican representative Thomas Massie told the public the stimulus bill bolsters a shroud of secrecy surrounding the Federal Reserve.

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Stock Futures Revamp as Senate and White House Agree on Coronavirus Stimulus Bill

Coinspeaker Stock Futures Revamp as Senate and White House Agree on Coronavirus Stimulus BillIt was a relief to the Dow Jones and the stock market at large when the White House and the Senate agreed on a deal regarding the coronavirus stimulus bill.

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US Senate Floats ‘Digital Dollar’ Bill After House Scrubs Term From Coronavirus Relief Plan

A draft bill posted Tuesday to the U.S. Senate Committee on Banking, Housing and Urban Affairs defines a "digital dollar" and details how it might be maintained.

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Ripple’s Michelle Bond backs a ‘principle-based framework’ for crypto-regulations in the United States

Apart from Bitcoin’s resurgence and the brief bull run the market had been on since April, 2019 has been highlighted by governments and financial institutions seriously discussing crypto-regulations.

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Facebook's House Committee Focuses Heavily On What Exactly Libra Is

With yesterday's Senate hearing centering on lawmakers' distrust of Facebook, the social media giant's House Financial Services Committee hearing focused much more on what exactly Libra is and saw regulators speaking in a surprisingly positive manner about Bitcoin.

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David Marcus: Libra Doesn’t Want to Conquer Dollar, It is Not Investment

Coinspeaker David Marcus: Libra Doesn’t Want to Conquer Dollar, It is Not InvestmentToday’s hearing in the House of Representatives follows one in the Senate. Amid questions of safety, compliance and consumer protection, Marcus kept stressing that Libra project would seek proper approval and registrations with the relevant authorities.

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With Facebook’s Libra Congress Hearings Imminent, Will Bitcoin Price Plummet or Foray Higher?

Facebook’s Libra has been knee-deep in criticism ever since it was unveiled. Another hurdle that Facebook is currently facing is testifying during US governmental hearings. David Marcus, the head of the Calibra wallet, will be testifying before the Senate Banking Committee and the House Financial Services Committee on Tuesday 16th and Wednesday 17th respectively.

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What Congress May Want To Know About Facebook's Libra

With Facebook set to meet with the Senate on Tuesday and the House on Wednesday, Washington insiders report that lawmakers will be interested in Libra's classification as a possible exchange-traded fund, what Facebook will do to ensure user privacy, and what the Swiss headquarters of the Libra Association will mean for US oversight of the project.

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Facebook Assures Senate Committee That They Will Play by the Rules

David Marcus, the head of Calibra, wrote a letter to the House Financial Services Committee solidifying Facebook’s stance that they will ensure customer privacy and are taking their time to roll out Libra, allowing it to be done correctly, as reported by The Hill.

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Facebook’s Libra: House and Senate’s PRs suggest increasing appetite for regulatory regimes

Apart from Bitcoin’s monumental rise recently, Libra has undoubtedly been one of the hottest topics in the cryptocurrency space. The coin that is expected to make its debut in the first half of 2020 saw the disapproval of several regulatory bodies as soon as it was introduced.

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Second US Congressional Hearing Is Scheduled on Facebook’s Libra Crypto

The U.S. House Financial Services Committee has scheduled a hearing on Facebook's libra cryptocurrency for July 17, one day after the Senate holds its hearing.

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Facebook to Testify Before U.S Authorities on July 16

The United States Senate Banking Committee has announced a July 16, 2019 hearing date for Facebook’s Libra cryptocurrency project according to a MarketWatch report on June 19, 2019 More Clarity Required On June 18, 2019, reports emerged that Rep.

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This Gallery Is Selling Indigenous Australian Art for Bitcoin

Things you can buy with bitcoin: AT&T’s services, airfare, pretty much anything using gift cards through Bitrefill, pizza, drugs (duh) and now, Indigenous Australian art.

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Senate Republicans Mutiny, Deliver Devastating Rebuke to Lawless Trump

The U. S. Senate voted today to block President Donald Trump’s emergency declaration at the United States-Mexico border. Following a weeks-long government shutdown and stalemate with House Democrats over funding to reinforce barriers on the southern border, Donald Trump invoked the Nixon-era National Emergencies Act of 1976.

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Trump Border Wall Deal May Have Just Rescued Dow Jones From Further Decline

The Dow Jones has demonstrated an underwhelming performance in the last seven days, deleting nearly 400 points in less than four days during which the market was open. On February 12, senior lawmakers on the House and Senate Appropriations Committees achieved a deal to build 55 miles of the southern border wall with a budget of $1.

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Fear The Legal Creep: US Blacklists BTC Address Used in Ransomware

Shortly after the attacks of September 11th, the United States passed legislation giving the federal government sweeping powers. The Patriot Act was designed to be a temporary measure to prevent terrorism in the new age that America found itself in.

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Ohio Gives Green Light to Paying Taxes With Bitcoin

Ohio is now setting up an official website to allow businesses to pay taxes with bitcoin. According to a recent article published by the Wall Street Journal (WSJ), the state of Ohio seems to have given tacit acceptance to bitcoin by allowing businesses, although not individuals, to pay all manner of taxes with the cryptocurrency.

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Bitcoin a winner in the U.S. midterms

Americans went to the polls on November 6 to cast their votes in the mid-term elections. Ultimately, the Democrats won the House, the Republicans held the Senate — and Bitcoin locked in some influential governorships

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Mid-Term Elections Bring In Many Pro-Blockchain Politicians To Congress And State Governments

The mid-term elections allow the United States to make some changes to the Congress and state authorities. On these elections, 36 governor seats, 435 House of Representatives seats, and approximately a third of the 100 Senate seats.

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The House of Representatives Turns Blue, What Does it Mean for Cryptos?

The most important legislative body on earth is now divided between the Democrat controlled House and Republican controlled Senate. Trump’s command over all Capitol Hill law making bodies has come.

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Twitter releases 10M Iranian and Russian propaganda tweets ahead of US Midterms

Twitter yesterday released a bevy of data related to Iranian and Russian-sponsored misinformation campaigns started as long ago as 2009. The hope, in releasing the trove, is that academics and researchers will use it to come up with solutions to the propaganda problem plaguing US politics.

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Crypto Task Force Bill Passes House of Representatives, Moves to Senate

A bill that seeks to create a task force to combat the use of cryptocurrency in financing terrorism has just passed the House of Representatives. House Resolution 5036 (H.

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House of Representatives Passes Bill To Expand FinCEN’s Duties

A bill enabling the Financial Crimes Enforcement Network to investigate cryptocurrencies is now headed to the Senate.

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Op Ed: New Bermuda Legislation Will Create a Novel Class of Bank to Service Fintech Companies

As we reported on July 19, 2018, Bermuda is determined to establish itself as the leading jurisdiction for fintech entrepreneurs, in particular those involved in initial coin offerings (ICOs), digital assets and virtual currencies.

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US State To Introduce Blockchain In Midterm Elections

Voters from West Virginia will be able to use the blockchain application for voting during the election of members of the House of Representatives and Senate in November 2018.

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DOJ, U.S. Agencies Seize Over $12M Bitcoin in a Slew of Dark Web Busts

The U. S. Department of Justice, in cooperation with the Immigration and Customs Enforcement’s Homeland Security Investigations (HSI), the Secret Service (USSS), the Postal Inspection Service (USPIS) and the Drug Enforcement Administration (DEA), have apprehended more than 35 dark web drugs and arms dealers in a nation-wide bust.

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White house Sees Red In Cryptocurrency And Election News Manipulation

The US administration has issued warning that overseas companies executing legitimate virtual currencies operations in reality, Russia-backed disruptors, with the potential to influence election news in the USA.

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Politicians Now Responsible for Disclosing Crypto Investments Over $1,000, House Rules

Members of the House of Representatives, the lower chamber of the U. S. Congress, must begin disclosing cryptocurrency investments that exceed $1,000. The guidance was laid out in a June 18 memo drafted by the House Ethics Committee.

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