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Nevada senate committee proposes crypto recovery fund to combat scams

In a recent legislative meeting held by the Nevada Senate Committee on Commerce and Labor, members discussed a cryptocurrency bill aiming to establish a recovery fund to protect vulnerable populations from fraud, abuse, and manipulation within the cryptocurrency sector. The fund in question would seek to address the alarming increase in

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Committee Advises SEC to ‘Aggressively Assert Authority’ Over Crypto — Says Virtually All Crypto Tokens Are Securities – Regulation Bitcoin News

The U.S. Securities and Exchange Commission’s Investor Advisory Committee has advised the SEC to “aggressively” assert authority over crypto assets that are securities. The advisory committee believes that “virtually all, if not all, crypto tokens are securities,” urging the regulator to “make crypto asset-related enforcement a top priority.” SEC Urged to

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Texas Bill Limiting Benefits for Crypto Miners Unanimously Passes Committee Vote

Texas is one of the world's largest hubs for the energy-intensive bitcoin mining industry, largely due to low electricity prices and a favorable business environment. However, the tide started to turn for the industry around the summer 2022, as the Texas grid operator slowed down approvals for new facilities due

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Texas Senate committee moves forward on bill removing incentives for crypto miners

The Texas Senate Committee on Business and Commerce has passed legislation that would largely remove incentives for miners operating under the state’s crypto-friendly regulatory environment. In an April 4 session of the committee, Texas lawmakers agreed to move forward in a 10-0 vote on Senate Bill 1751 first introduced by state

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Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations – Regulation Bitcoin News

On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the testimonies, digital assets and crypto businesses were mentioned. Senate Banking Committee chairman

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CFTC’s tech committee gathered in DC to talk DeFi — Here’s what was discussed

The United States commodities regulator received a crash course on decentralized finance (DeFi) on March 22. Crypto executives briefed the regulator on key issues affecting the space, including exploits, decentralization and digital identities.As part of a scheduled first meeting of the CFTC’s Technology Advisory Committee (TAC) in Washington D.C., members

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Chair of EU Parliament’s Committee on Budgets Calls for Crypto Ban Amid Banking Turmoil – Regulation Bitcoin News

A European lawmaker has urged authorities to impose a ban on cryptocurrencies citing the current crisis in the banking sector as a reason. Johan Van Overtveldt, former finance minister of Belgium, believes these assets bring no economic or social value. Belgium’s Ex-Finance Minister Suggests Ban on Decentralized Digital Currencies Member of the

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FCA officials tell UK parliamentary committee crypto regulation is unavoidable

Officials of the United Kingdom’s Financial Conduct Authority (FCA) appeared before the House of Commons’ Treasury Committee on March 8 to discuss the agency’s work. Among the issues raised was cryptocurrency regulation, which the officials approached with a clear lack of enthusiasm.FCA chair Ashley Alder, who took that position

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