Crypto, Congress and the Commission: What’s next for the ‘Wild West’?
Recently, there’s been much regulatory activity around crypto; anyone whose
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Congress
Congress has put forward 18 bills on digital assets in 2021 so far
The United States Congress appears to be pushing for greater regulatory clarity regarding crypto assets, having proposed18 bills concerning blockchain and cryptocurrency during 2021 so far.According to analysis published by former Federal Deposit Insurance Corporation regulator, Jason Brett, on August 22, the current 117th Congress has broken from its predecessor
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Congress Brands Robinhood ‘Enemy of People’
Robinhood CEO was met by most of the fury owing to the fact that the app denied retail investors a chance to trade securities amid heightened volatility. The House Financial Services Committee today hosted the GameStop Corp (NYSE: GME) squeeze main participants to unearth what transpired. In attendance were Robinhood CEO
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US Library of Congress report highlights proof-of-stake tax blindspot
Republican Rep. Tom Emmer has called for more precise tax guidelines regarding cryptocurrency earnings, after a report he commissioned from the Law Library of Congress showed a stark disparity between regulatory approaches taken by various tax authorities around the world.The 128-page study examines cryptocurrency tax laws in 31 nations, paying
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US Congress Plans Hearings on GameStop Market Pumps
Congress plans to hold hearings on short sellers, digital trading platforms and WallStreetBets pumping GameStop stock 25-fold. The price of GameStop ($GME) stock nearly hit $500 per share on Thursday, after a week of meteoric rises instigated by users of the WallStreetBets community on Reddit and bolstered by other retail traders. These
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U.S. Congress Members Opposed Treasury Crypto Ruling
One of the biggest stories in crypto right is the news that the Financial Crimes Enforcement Network (FinCEN)
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Cynthia Lummis, Wyoming’s Incoming Senator, Wants to Explain Bitcoin to Congress
Cynthia Lummis, Wyoming’s incoming U.S. senator, said in an interview Tuesday the key items on her agenda include working to reduce government debt and explaining bitcoin (BTC) to her colleagues when she is sworn in early next year. Speaking to Fox News, Lummis, a Republican and a former member of the
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Library of Congress Reports Surge in Crypto Law Searches
The surge comes as America's largest library rolls out a crypto regulatory guide. Source
Read MoreCongress weighs crypto payments and fintech lending in hearing today
In a hearing on Tuesday, the Congressional Fintech Task Force heard arguments on new rules that would potentially expand banking regulations to accommodate more technology firms providing financial services.A subunit of the Financial Services Committee, the Fintech Task Force leads the committee’s examinations of emerging technologies. As Task Force Chair
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