Maxine Waters turns ‘anti-innovation’ argument against Republicans as CBDC fight intensifies in D.C.

The ongoing tussle over the potential introduction of a central bank digital currency (CBDC) by the Federal Reserve heats up in the U. S. House Financial Services Committee. Maxine Waters, (D-CA).

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US lawmakers advance legislation blocking the digital dollar

On Sep. 20 the House Financial Services Committee will mark up two bills blocking a potential digital dollar in the United States.

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House Financial Services Comm. witnesses air multiple anti-CBDC arguments

The digital assets subcommittee heard from five witnesses on a U.S. CBDC, most of whom had little good to say about it.

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Congressman Tom Emmer Sounds Alarm: CBDCs Could Threaten American Freedom

In a recent press conference on Central Bank digital currencies (CBDCs) and crypto, Congressman Tom Emmer, the US House Majority Whip and prominent Republican discussed the House Republicans’ commitment to delivering on promises made to the American people.

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House Financial Services Committee announces ‘Digital Dollar’ hearing as pressure to pass crypto legislation intensifies

The House Finance Committee has announced another hearing on cryptocurrency regulation as demand for congressional action on the virulent industry intensifies. Held by the Digital Assets, Financial Technology and Inclusion Subcommittee and Entitled “Digital Dollar Dilemma: The Implications of a Central Bank Digital Currency and Private Sector Alternatives,” the hearing will take place at 2:00 […] The post House Financial Services Committee announces ‘Digital Dollar’ hearing as pressure to pass crypto legislation intensifies appeared first on CryptoSlate.

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House committee will reopen discussions on digital dollar in Sept. 14 hearing

Following an August recess, members of the House Financial Services Committee will gather for a “Digital Dollar Dilemma” hearing on Sept. 14.

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Republican lawmakers object to Fed’s proposed crypto, stablecoin rules

Three U.S. representatives expressed concerns on Aug. 28 regarding stablecoin and crypto rules recently put forward by the Federal Reserve. Today’s objection was signed by three U.S. representatives: Patrick McHenry, Chairman of the House Financial Services Committee; French Hill, Chairman of the Committee on Financial Services Subcommittee on Digital Assets; and Bill Huizenga, Chairman of […] The post Republican lawmakers object to Fed’s proposed crypto, stablecoin rules appeared first on CryptoSlate.

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Rep. Patrick McHenry calls proposed crypto tax rules an ‘attack on the digital asset ecosystem’

Patrick McHenry, Chairman of the House Financial Services Committee, commented on newly proposed crypto taxation rules on Aug. 25. The IRS, along with the U. S. Treasury, proposed those taxation rules earlier in the day.

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IRS releases draft of proposed reporting rules for digital asset brokers

House Financial Service Committee Chair Patrick McHenry said the rules are part of “the Biden Administration’s ongoing attack on the digital asset ecosystem.”

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New Zealand parliamentary report advises against hasty crypto regulation

An independent report prepared for a House committee suggests the government foster the development of digital asset technology and regulate it cooperatively.

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US lawmakers urge White House to address North Korea’s use of digital assets: Report

Sen. Elizabeth Warren was part of a group of lawmakers who pushed for provisions against crypto mixers and privacy coins in the National Defense Authorization Act in July.

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U.S. House Committee green lights bill to enable self-custody of cryptos

The bill was intended to protect crypto users' right to maintain custody of their digital assets. The committee acknowledged that the bill would address a key issue which was manifested followiThe post U.

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US crypto bills on the move, Worldcoin launches and Russia’s CBDC: Hodler’s Digest, July 23-29

Crypto legislation goes to the House floor in the U.S., Worldcoin’s controversial launch and Russia’s digital ruble signed into law.

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A suite of crypto legislation passed the House Financial Services Committee this week

On July 27, the House Financial Services Committee advanced seven pieces of legislation concerning critical issues in digital asset regulation. They will now proceed to a full vote in the House. A Republican-led effort, the bill’s progression is a significant legislative moment for cryptocurrency regulations.

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US House Committee Moves Forward on Legislation Covering Stablecoins, Digital Assets and More

The House Financial Services Committee has approved seven pieces of legislation, signaling a major revamp in how digital assets, ESG impacts and small business lending data collection are regulated in...

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‘Historic week’ as stablecoin, self-custody bills advance to House floor

The bills aim to create a regulatory framework for payment stablecoins and enshrine rights for crypto users to self-custody digital assets.

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Landmark crypto legislation defines SEC, CFTC jurisdiction on digital assets, commodities

In a significant move for the digital asset ecosystem, the House Financial Services Committee passed the ‘FIT for the 21st Century Act,’ officially titled the “Financial Innovation and Technology for the 21st Century Act” on July 26.

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US House Financial Services Committee passes bill for clear crypto regulation

A vital US House meeting has passed a bipartisan bill that might finally ensure the sought-after regulatory clarity for cryptocurrency businesses. On Wednesday, 26 July, most United States watchdogs voted to advance two cryptocurrency regulation bills, approving the 21st Century Act to safeguard customers and ensure decisive rules for the digital asset sector.

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Ripple's Legal Victory Prompts House Members to Reconsider Crypto Regulation

In response to the controversial Ripple court case, Congressmen Dusty Johnson and French Hill have penned an op-ed calling for a comprehensive revision of the U.S. digital asset legislation

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Indonesia unveils national crypto exchange and clearing house 

Indonesia has introduced a national crypto asset exchange and clearing house to foster transparency and security for digital asset investors

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New Crypto Bill Demands SEC And CFTC To Draft Rules For Trading Platforms

Senior House Republicans have officially introduced a bill that seeks to change how crypto markets function in the United States. Republican members of the Agriculture and Financial Services Committees of the United States House have introduced this bill to create a regulatory framework for digital assets.

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Latest Crypto Regulation Bill Calls for CFTC and SEC Collaboration 

US House Republicans have proposed a crypto regulatory bill that would require collaboration between the Commodity Futures Trading Commission and the Securities and Exchange Commission. The bill aims to provide clarity on digital asset exemptions and securities laws.

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US House Republican committees introduce joint digital assets bill

The House Agriculture and Financial Services Committees have been working together all year on a bill to rival Lummis and Gillibrand’s RFIA.

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U.S. House Republicans Introduce Crypto Oversight Bill With Changes From June Draft

The bill looks to set out clear rules for the digital assets ecosystem.

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Galaxy Digital CEO targets Gensler, White House, & Democrats over crypto regulation

The demand for a robust crypto regulation framework has increased since the latest SEC vs. Ripple ruling. The court confirmed that XRP is not a security (read more about recent Ripple news here).

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Coinbase CEO to discuss crypto legislation with US lawmakers

Coinbase CEO Brian Armstrong will meet the United States House Democrats on Wednesday to discuss various issues in the digital asset industry, including crypto taxation, privacy, and national security.

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Coinbase CEO Brian Armstrong set to speak to House Democrats privately

Coinbase CEO Brian Armstrong is set to discuss digital asset legislation with US House Democrats amid SEC lawsuits according to the latest round of reports on the firms legal situation.

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Texas Blockchain Council director announces run for State House

The director of Bitcoin mining analytics at the TBC said he was opposed to the Fed’s exploration of a central bank digital currency and planned to push for “digital freedom.”

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Russia’s “digital rouble” almost a reality after approval by lower house parliament

The bill will now move to the upper chamber of the Russian Federal Assembly. If passed the bill will be signed by the president into law. The Bank of Russia (BoR) will become the principal operator of the digital ruble infrastructure.

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The SEC’s odd pick: Unmasking Prometheum

The following is a guest post from Hamilton Keats, CEO and co-founder of Krayon Digital. In an attempt to demonstrate that there’s a path forward for crypto firms within the existing regulatory framework, the SEC extended an invitation to Prometheum to the House Financial Services Committee hearing on digital assets.

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North Carolina House passes bill to commission study on holding Bitcoin

The study would examine the possible impact of holding crypto and how the state would custody digital currency.

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Canadian lawmakers publish recommendations in support of blockchain adoption

While the U.S. grapples with a fragmented and turbulent regulatory environment for digital assets, some of Canada’s lawmakers are attempting a more holistic approach. The Canadian House of Commons’ Standing Committee on Industry and Technology has published a comprehensive report on blockchain technology, including a series of recommendations to the Government of Canada to support […] The post Canadian lawmakers publish recommendations in support of blockchain adoption appeared first on CryptoSlate.

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Shanghai Clearing House adds support for digital yuan in commodity trading

Shanghai Clearing House, a financial institution under China’s central bank, has introduced digital yuan clearing and settlement services for commodity trading, enhancing cross-border transactions and promoting the internationalization of China’s currency.

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Op-ed: As the House readies a crypto bill, what’s heeded to keep the U.S. at the forefront of web3 innovation?

The following is a guest post from Nilmini Rubin, Chief of Staff and Head of Global Policy at Hedera. When I testified on the future of digital assets in front of the House Subcommittee on Commodity Markets, Digital Assets, and Rural Development, the discussion addressed the impactful uses of cryptocurrencies and how the lack of […] The post Op-ed: As the House readies a crypto bill, what’s heeded to keep the U.

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Crypto Regulation In The Spotlight: U.S. House Committee Prepares For Key Vote

The U. S. House Financial Services Committee is set to vote on new legislation regulating digital assets, including cryptocurrencies and stablecoins. The proposals are scheduled to be debated in the second week of July.

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Fed Chair Powell: ‘we do see payment stablecoins as a form of money’

Powell testified before the House Financial Services Committee today. He discussed a range of topics around digital assets on Wednesday. Bitcoin surpassed the $30,000 level today for the first in two months.

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Digital Assets hearing latest – sufficiently decentralized tokens may still avoid security label

The House Financial Services hearing on “The Future of Digital Assets” contained a wealth of information on the potential future of the digital asset space in the United States. Following the recent SEC lawsuits against Binance and Coinbase, the industry has feared for the future of web3 within the U.

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Crypto industry leaders urge Congress to act on digital asset regulations amid SEC crackdown

The House Financial Services Committee will hear testimony from five key blockchain industry figures on June 13 as the U. S. government grapples with how to address an increasingly urgent regulatory problem.

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New Era For Crypto: Bipartisan Stablecoin Bill Emerges In US House Committee

As the digital asset industry continues to evolve, so too do the regulations designed to govern it. In a recent development, the US House Financial Services Committee has unveiled a revised draft of a stablecoin bill, a product of bipartisan collaboration, and a potential harbinger of comprehensive US crypto regulation. The bill is the result […]

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US Congress Sets Date For Hearing On Future Of Crypto

The United States House of Representatives Financial Services Committee has set the date for the hearing on cryptocurrency, aiming to address its future and bring clarity to the digital assets ecosystem.

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House Ag Committee looks at digital assets regulatory bill, Dems ask how to pay for it

The full Agriculture Committee heard testimony from CFTC Chair Rostin Behnam, a full roster of former regulators and Coinbase’s chief legal officer.

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SEC and CFTC find clarity in new legislation to regulate crypto

House Republicans have introduced a draft proposal to address gaps in cryptocurrency regulations, assigning the CFTC authority over crypto commodities and the SEC for digital securities. To bridge the gaps in the current regulatory framework surrounding cryptocurrencies, House Republicans have…

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Crypto Jurisdiction: House Republicans Step In To Settle CFTC-SEC Turf War

Crypto regulation took center stage as Republican lawmakers released a draft bill on Friday. Spearheaded by influential Republican members, Reps. Patrick McHenry and Glenn Thompson, the bill outlines their proposed framework for regulating digital assets.

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U.S. House Republicans Push for Crypto Oversight With Bill to Make SEC Play Ball

Crypto exchanges would gain a path to registering with the U.S. Securities and Exchange Commission (SEC) and would be able to trade digital securities, commodities and stablecoins all in one place under a proposal from the Republican chairs of the two House of Representatives committees trying to hash out a bill.

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U.S. Hearing Highlights Stablecoin Rift in Competing House Bills

U.S. lawmakers aren’t yet able to reach across the chasm between Republicans and Democrats’ very different ideas for how to oversee stablecoins, despite notes of hope from both sides evident in a Thursday hearing of the House Financial Services Committee’s digital assets panel.

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SEC Slams Bitcoin Miner Marathon Digital With Another Subpoena As Firm Shares Its Quarterly Report

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White House Makes Case For 30% Crypto Mining Tax, Cites Economic And Energy Factors As Key Drive Behind Policy

Digital asset miners are under the radar of authorities once again concerning energy consumption and its impact on the environment. The White House released a report focused on digital asset mining, sustainable development, and “fair” taxation in the sector.

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Congress House Committees Deliberate On Innovation And Regulation Of Digital Assets In The U.S.

In a May 9, 2023 letter to the United States House Appropriations Committee, the U. S. House Financial Services Committee Chairman Patrick McHenry outlined the Committee Republicans’ priorities for fiscal year (FY) 2024 appropriations.

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US House financial committee tells SEC they don’t like custody proposal

The letter criticizes the proposed rule for its impact on the banking industry, particularly in ways that would be disadvantageous to the digital asset industry.

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