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With the amendment sailing through unopposed, Emmer emphasized the potential roles of other government bodies, such as the Department of Justice and the Treasury, in managing any possible misconduct within the crypto industry. United States Congressman Tom Emmer is advocating for a significant change that aims to limit the powers of
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While House Republicans seek a permanent replacement for their just-ousted Speaker of the House Kevin McCarthy (R-Calif.), McHenry will serve as McCarthy’s temporary replacement. The chairman of the House Financial Services Committee has been hard at work since last year on a number of crypto bills, and having McHenry in
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Minnesota Congressman reintroduces a bill targeting potential CBDC surveillance to uphold US citizens’ financial privacy rights against government monitoring. Minnesota Congressman Tom Emmer reintroduced the CBDC Anti-Surveillance State Act on Sept. 12. The bill aims to protect US citizens’ privacy rights from a potential Central Bank Digital Currency (CBDC). The bill that
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Minnesota Congressman Tom Emmer plans to present a budgetary amendment to limit the U.S. Securities and Exchange Commission (SEC) from utilizing its crypto regulations budget. Emmer, a Republican who holds the role of Majority Whip in the U.S. House of Representatives, is gearing up to sponsor a significant appropriations amendment
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George Santos, a first-term member of the House of Representatives, is under indictment for thirteen felonies, including allegedly embezzling contributions from supporters, fraudulently collecting unemployment checks and lying in disclosures to the House. But one of his more bizarre schemes, which involved cryptocurrency, seemed to be inspired by the classic
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United States Republican Representative Warren Davidson has spoken out against Central Bank Digital Currencies (CBDCs), urging Congress to ban them and criminalize its development.In a July 23 Twitter post, Congressman Davidson accused the Federal Reserve of “building the financial equivalent of the Death Star," stating that CBDCs corrupts money into
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On July 18, Representative Ritchie Torres sent a letter to Gary Gensler, the chairman of the United States Securities and Exchange Commission (SEC), requesting the agency to focus on identifying and pursuing the wrongdoers in crypto
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The United States Securities Exchange Commission (SEC) could be investigated for a "haphazard and heavy-handed approach to digital assets,” or, more specifically, for its “sweetheart deal” with crypto platform Prometheum. Such requests were filed on July 13 to the SEC's Inspector General Deborah Jeffrey and the Government Accountability Office's Comptroller General
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Rep. Torres (D-N.Y.) requested investigations into the SEC granting a special purpose broker-dealer (SPBD) licence to Prometheum, "a trading digital assets platform that does not trade digital assets," under unusual circumstances, and for its failure to create a rigorous but workable process for registering real-world digital assets platforms. Original Source
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Crypto-friendly Congressman Tom Emmer has slammed U.S. Securities and Exchange Commission (SEC) chair Gary Gensler for his approach to cryptocurrency regulation, labeling him as a “bad faith regulator.”Great interview by @laurashin with @GOPMajorityWhip! Congress is working in their districts this week and next, but expect a VERY busy last 2
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