House Financial Services Committee Votes in Favor of Crypto, Blockchain Bills
The votes mark the first time crypto-specific bills were advanced on their own merits and not as part of broader legislation.
Bipartisan Senate Bill Wants DeFi to Impose Bank-Like Controls on User Base
Some U.S. Senators are introducing a new bipartisan bill that would place stringent anti-money laundering (AML) requirements on decentralized finance protocols. The bill was introduced Wednesday by Sen. Jack Reed (D-R.I.) a member of the Senate Banking Committee. Mike Rounds (R-S.D.), Mitt Romney (R-UT) and Mark Warner (D-VA) are co-sponsors. "The Hash" panel discusses details from the description of the bill reviewed by CoinDesk and outlook on U.S. regulation within the crypto sector.
New U.S. Senate Bill Wants to Regulate DeFi Like a Bank
DeFi protocols would need to impose strict controls on their users.
A Second Round of the Lummis-Gillibrand Crypto Bill Elevates CFTC, Defines DeFi
Last year’s prominent U.S. crypto legislation from a bipartisan pair of senators is back for a reboot that imagines a less prominent role for the SEC than Chair Gary Gensler has in mind.
U.S. Senate Finance Committee Asks Crypto Industry for Tax Guidance
In a letter made public on Tuesday, Chairman Ron Wyden and Ranking Member Mike Crapo sought cryptocurrency industry comment around nine topics.
U.S. Lawmakers Digging Through Crypto Legislation for Bipartisan Winners: Senator
Ideas have been gathered from the Senate and House, and lawmakers are trying to figure out what can get bipartisan support, said Senate Banking Committee member Thom Tillis.
Banks Shouldn’t ‘Punish’ Crypto Industry, Republican Senators Urge
A crackdown on digital-assets companies is reminiscent of a campaign targeting gun sales, Federal Reserve Chairman Jerome Powell was told.
Fed's Powell: No Decision yet on Size of March Rate Hike
U.S. Federal Reserve Chairman Jerome Powell stressed that the central bank has yet to decide on the size of the rate hike when the Federal Open Market Committee (FOMC) meets later in March. Testifying before the House Financial Services Committee for his semi-annual monetary policy report on Wednesday, Powell made a notable change from Tuesday's Senate testimony in his prepared remarks.
Binance a 'Hotbed of Illegal Financial Activity,' U.S. Senators Claim
Three lawmakers are pressing the crypto exchange on allegations it sought to limit compliance.
Ex-Biden Adviser Said Administration Was Pushing for Digital Dollar
As the crypto industry awaits a U.S. government decision on whether to issue a central bank digital currency, a former economic official said it was working toward that end.
