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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The United States House Financial Services Committee, led by Representative Patrick McHenry, has unveiled the third draft of the stablecoin bill. Scheduled for discussion within the House committee on June 13, this potential legislation could mark
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The United States House Financial Services Committee has released the third draft of the stablecoin bill presented by its chair, Representative Patrick McHenry. The latest draft of the bill is bipartisan and includes specific proposals from Republican and Democratic committee members. The draft bill titled, The Future of Digital Assets: Providing
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Coinbase, Robinhood, and representatives from the United States commodities regulator are set to testify before Congress on June 6 to discuss a newly proposed crypto bill. The trio will be sharing their firm's, or agency’s views on a proposed bill that could see certain crypto tokens classified as digital commodities, among
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The U.S. Senate is working on a draft bill shifting digital assets initially classified as securities to be regulated as commodities. The proposed legislation presents a pathway for the regulation of digital assets, providing clarity and consistency
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On May 24, the Chinese city of Zhengzhou announced a series of policy proposals to support metaverse companies operating in the region. As part of the initiatives, the municipal government will establish a dedicated fund worth 10 billion yuan ($1.42 billion) to foster growth and development in the industry.Per the
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The bill, dated May 5, closely matches proposals made by the European Commission in December 2022, as part of a bid to stop EU residents stashing crypto abroad to hide it from the taxman. The commission would have to set up a register of crypto asset operators’ by December 2025,
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Lawmakers in the European Union have forwarded legislation concerning artificial intelligence (AI) to the next phase after concluding a vote from two lawmakers’ committees.In a vote on May 11, Members of the European Parliament (MEPs) agreed to include banning the use of facial recognition in public spaces and predictive policing tools
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The Securities Commission of The Bahamas (SCB) published a draft of the Digital Assets and Registered Exchanges (DARE) Bill 2023 on April 25. The sweeping bill will undergo a consultation period with the goal of enacting it by the end of the quarter.The 2023 bill updates the DARE Act of
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Republican lawmakers with the United States House Financial Services Committee have released a draft of a bill focused on payment stablecoins rather than overseeing other aspects of digital asset markets.A senior Republican committee staffer involved in drafting the legislation told reporters on April 24 that they had narrowed the scope
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During her opening statement, Waters said the bill was a joint effort, but negotiations over its provisions remained incomplete, and “unfortunately, a lot of things happened in between” last fall and Wednesday, such as the collapse of crypto exchange FTX. Source
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