Congress

Newsletters

Fundamentally Incompatible: How the Proposed Crypto Tax Rules Miss the Mark

A late addition to the infrastructure bill moving through Congress would impose impossible reporting requirements on miners and wallets.

Opinion  ·  30 July 2021
Congress

Framework to Regulate Crypto, Stablecoins Introduced in US Congress

Rep. Don Beyer (D-Va.) said the existing digital asset market structure and regulatory framework are too “ambiguous and dangerous for investors and consumers.”

Policy & regulation  ·  29 July 2021
Congress

Senate Banking Committee Bashes Bitcoin’s ‘Phony’ Populism

The hearing was almost certainly the testiest in a trio of crypto-themed inquiries Tuesday morning.

Policy & regulation  ·  27 July 2021
Newsletters

State of Crypto: Congress Is Holding 3 Hearings Today, Here’s What to Expect

Congress is holding three simultaneous hearings around cryptocurrencies today – and they're all on different types of use cases.

Policy & regulation  ·  27 July 2021
DeFi

Washington Should Let DeFi Succeed

Regulators should prosecute fraud, but also acknowledge the limits of their effectiveness and allow DeFi to mature.

Opinion  ·  23 July 2021
Ransomware

Senate to Investigate Crypto’s Role in Cybercrime

The Senate Homeland Security and Governmental Affairs Committee is adding another front in lawmakers’ crypto probe.

News  ·  20 July 2021
Federal Reserve

Jerome Powell: CBDC Report Coming in Early September

The report will address cryptocurrencies, stablecoins and CBDCs.

News  ·  14 July 2021
Newsletters

State of Crypto: Yes, We’re Still Talking About Regulatory Clarity

An expressed desire for regulatory clarity in the U.S. isn’t new. But there’s increasing pressure for lawmakers and regulators to define just what sorts of digital asset activities are all right.

Policy & regulation  ·  6 July 2021
Newsletters

Before We Regulate Crypto, We Need to Know What Crypto Is

UPenn's Sarah Hammer raised an interesting point in her congressional testimony yesterday: We don't have a unified source of data to make sense of crypto.

Policy & regulation  ·  1 July 2021
Bitcoin

52 US Representatives Are Backing a Bill Targeting Hamas Financing

The Hamas International Financing Prevention Act would leverage sanctions against individuals and governments donating to Hamas, including donations made in bitcoin.

News  ·  23 June 2021
Congress

Bipartisan Crypto Bills Pass US House of Representatives – Again

The Blockchain Innovation Act and parts of the Digital Taxonomy Act were included in the broader Consumer Safety Technology Act.

Policy & regulation  ·  23 June 2021
CBDC

House Democrats Form Cryptocurrency Working Group

The announcement came in a hearing about central bank digital currencies.

News  ·  15 June 2021
Bitcoin

CEO of Colonial Pipeline to Face Congress Grilling Over Bitcoin Ransom

The CEO will face the Senate Homeland Security Committee to explain the reasoning behind his decision to pay a $4.4M bitcoin ransom.

News  ·  8 June 2021
Federal Reserve

OCC, Fed, FDIC Mulling Forming an Interagency Policy Team on Crypto

"Prior to this meeting, Vice Chair Quarles, Chair McWilliams and I had talked about potentially putting together an interagency policy sprint team just on crypto because of exactly the concerns you've described," Hsu said.

News  ·  19 May 2021
Cynthia Lummis

US Senator Proposes Making Distributed Ledgers ‘Key Technology Focus’

Wyoming's Cynthia Lummis wants the U.S. government to make blockchain a priority.

Policy & regulation  ·  11 May 2021