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On Thursday, US congress has introduced a bill that would classify Facebook’s cryptocurrency Libra as a security. The new proposed law is likely to bring up larger issues of regulation and inspection to Facebook’s crypto project that the company introduced as an electronic payment system.Representatives Sylvia Garcia and Lance Gooden
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American lawmakers have reportedly introduced a bill aiming to put Facebook’s Libra under the jurisdiction of the Securities and Exchange Commission (SEC). Two Texas representatives, Sylvia Garcia and Lance Gooden, have proposed legislation that would put even more regulatory scrutiny on Facebook’s not-yet-launched Libra stablecoin and related projects, CNBC
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Sylvia Garcia, a Democrat lawmaker from Texas, has recently introduced to Congress a draft bill that seeks to create more regulatory clarity on stablecoins.The draft bill was introduced to the House of Financial Services. Under the purview of the Securities Act of 1933, the House will be empowered to regulate
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United States Congress is considering a draft bill that claims all managed stablecoins must be seen as investment contracts and therefore as securities.Libra in the United StatesThe U.S. Representative for Texas's 29th congressional district, Sylvia Garcia, introduced a draft bill to the House Financial Services Committee on Oct. 18.
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US Congress has passed this week the “Advancing Innovation to Assist Law Enforcement Act.” The Act is requiring the financial crime watchdog, Financial Crimes Enforcement Network (FinCEN), to study the use of blockchain technology in the digital world.More specifically, the director of FinCEN has been directed to conduct a thorough
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There has been a lot of pandemonium in India’s crypto community following the legislators’ attempt to pass an anti-crypto bill that strongly prevents anyone from having any part in cryptocurrency. This includes holding, selling, buying, transferring, and exchanging any type of digital asset.Like most countries, the Indian government is scared
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