Cryptocurrency Analysis and News Portal
On March 11, United States President Joe Biden issued an executive order in which he encouraged the Federal Reserve to continue research on a prospective U.S. central bank digital currency, or CBDC.The order emphasized that the market capitalization of digital assets had surpassed $3 trillion in November — with Bitcoin
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Per the request of the United States Congress, the U.S. Government Accountability Office (GAO), laid out four policy options to help policymakers implement blockchain technologies while enhancing benefits and mitigating challenges.The technology assessment shared by the GAO acknowledged the potential of blockchain technology in improving a variety of financial and
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The provision, entitled “Strengthening financial resilience,” says: “To further safeguard financial stability, we are taking important steps to discourage the use of cryptocurrencies with a view to preventing money laundering, informality and disintermediation.” Original Source
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The letter’s other signees were Darren Soto (D-Florida), Tom Emmer (R-Minnesota), Warren Davidson, (R-Ohio), Jake Auchincloss, (D- Mass.), Byron Donalds (D-Florida), Josh Gottheimer (D-New Jersey), Ted Budd (R-North Carolina), Ritchie Torress (D-New York). Apart from Donalds, all are members of the Congressional Blockchain Caucus. Source
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In a bipartisan letter put forward by Republican Minnesota Congressman Tom Emmer, a cohort of Congress members has written to Securities and Exchange Commission (SEC) Chairman Gary Gensler, challenging the regulator's scrutiny of cryptocurrency firms and expressing concern that “overburdensome” investigation may be suffocating the crypto industry. They suggest the SEC
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Sen. Lummis, long a bitcoin (BTC) hodler, has been working on the “comprehensive” bill since at least 2021. A senior aide for the senator told CoinDesk in December the bill would call for the creation of a crypto regulatory body, as well as federal rules for stablecoins, consumer protection provisions,
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CFTC chair Rostin Behnam also requested that Congress fund his agency with an additional $100 million to properly oversee crypto markets. Source
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This episode is sponsored by Nexo, Abra and FTX US.Download this episodeThis week on the “Weekly Recap,” NLW breaks down the House hearing on energy in the crypto industry. He looks at problems with the advance memo and provides refutations of some of the misunderstandings.See also: Witnesses Debate Crypto Mining's
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On Jan. 20, the Oversight and Investigations subcommittee of the U.S. Congress House Energy and Commerce Committee convened a hearing to investigate the environmental effects of cryptocurrency mining. Despite the narrow focus, the conversation that ensued — which many industry experts appraised as a meaningful educational experience for the lawmakers
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Will the ESG FUD ever stop? As a Congressional subcommittee prepares to take a good look at Proof-Of-Work mining, “more than 70” national, international, state and local organizations wrote a letter to the “Congressional leadership.” In it, they use old and unreliable data to get their point across. They completely
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