Cryptocurrency Analysis and News Portal
Officials with the United States Financial Stability Oversight Council, or FSOC, have recommended U.S. lawmakers pass legislation aimed at addressing regulatory gaps for crypto-related activities.In its annual report released on Dec. 16, the FSOC recommended members of Congress pass legislation granting “explicit rulemaking authority for federal financial regulators over the
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United States lawmakers have been pushing for certain witnesses — including Sam Bankman-Fried — to appear before committee hearings scheduled in December. Who should the crypto space expect to see testifying on the events leading to the downfall of FTX?On Dec. 9, Bankman-Fried, or SBF, said — under threat of
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Sam Bankman-Fried, the former CEO of now-bankrupt cryptocurrency exchange FTX has declined to testify before the United States Congress until he’s “finished learning and reviewing what happened.”Rep. Waters, and the House Committee on Financial Services:Once I have finished learning and reviewing what happened, I would feel like it was my
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Almost 4,000 people have used a CryptoLaw petition app to demand that Congress investigate United States Securities and Exchange Commission head Gary Gensler’s “actions in the FTX fraud,” the organization claimed in a tweet on the morning of Nov. 14. The CryptoLaw website is run by lawyer John Deaton, who is
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In a letter Wednesday addressed to Pablo Vegas, the CEO of the Electric Reliability Council of Texas (ERCOT), the group expressed concerns that bitcoin mining's enormous demand for energy in Texas is straining the state's grid, adversely impacting consumers and U.S. climate goals. ERCOT manages the Texas electricity grid, which
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Ethereum’s Merge Was a Public Policy Miracle, So When Is the Congressional Hearing? Source
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Though it’s her day job, crypto was never an outward focus of her campaign. Instead, Bond embraced the politics of former President Donald Trump, courting support from his son, Donald Trump Jr., as she touted the mainstays of the “Make America Great Again” movement. Her anti-abortion, tough-on-immigration, pro-police stance didn’t
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The global mining industry’s sustainable electricity mix is now 58.4%, claims the BMC, and the global Bitcoin network’s technological efficiency grew by 63% year over year. “This efficiency gain reaffirms the fact that as the Bitcoin network continues to grow, it will become even more efficient over time,” said the
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Disclosure was an important theme at a United States House of Representatives hearing on digital asset regulation Thursday. Although chair of the House Agriculture Committee Subcommittee on Commodity Exchanges, Energy and Credit Sean Maloney specified that it would focus on gaps in the oversight and regulation of derivatives and underlying
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Michael Barr, a law professor and former advisory board member of Ripple Labs who is United States President Joe Biden’s pick for vice chair for supervision at the Federal Reserve, called for U.S. lawmakers to regulate stablecoins in an effort to address “financial stability risks.”In a confirmation hearing before the
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