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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. дальше »

2023-9-8 03:00


Coinbase launches Stand with Crypto Alliance, reports 52k ‘advocate’ signups on first day

Coinbase announced on Aug. 14 the launch of its Stand With Crypto Alliance, an initiative aimed at countering anti-crypto legislation by mobilizing the community at a grassroots level. While Coinbase has not detailed its long-term strategy, the company suggests that it aims to foster a grassroots movement and develop a proactive constituency advocating for legal […] The post Coinbase launches Stand with Crypto Alliance, reports 52k ‘advocate’ signups on first day appeared first on CryptoSlate. дальше »

2023-8-15 04:00


US Congressman McHenry Praises Stablecoins, Calls Them Vital To 21st-Century Payments

In a notable move that highlights the growing acceptance and potential of stablecoins in modern payment systems, PayPal has announced the launch of its payment stablecoin PYUSD.  This development comes shortly after the House Financial Services Committee passed the Clarity for Payment Stablecoins Act, a bipartisan legislation that paves the way for regulated stablecoin issuers, […] дальше »

2023-8-8 06:00


House Financial Services Committee chair renews call for stablecoin legislation after PayPal’s PYUSD announcement

Representative Patrick McHenry, (R-NC), chair of the  U. S. House Financial Services Committee Chairman, endorsed PayPal’s recently-announced stablecoin on Aug. 7. McHenry said in a statement: “[PayPal’s] announcement is a clear signal that stablecoins—if issued under a clear regulatory framework—hold promise as a pillar of our 21st century payments system. дальше »

2023-8-8 04:00


Wall Street banks back Elizabeth Warren’s Digital Asset Anti-Money Laundering Act

U. S. senator Elizabeth Warren reintroduced the Digital Asset Anti-Money Laundering Act on July 28, backed by unlikely allies — the Wall Street banks. The Bank Policy Institute, a financial policy think tank made up of a cohort of banks, backed the legislation that aims to mitigate the national security risks posed by cryptocurrencies. дальше »

2023-7-30 01:31


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. дальше »

2023-7-29 11:00