US Lawmakers Want State Department to Disclose Crypto Rewards
The State Department will have to report on payments it makes in crypto and their effects, according to a draft of the NDAA. Source
Read MoreThe State Department will have to report on payments it makes in crypto and their effects, according to a draft of the NDAA. Source
Read MoreThree members of the United States Senate have reportedly penned a letter to Silvergate Bank requesting information about any relationship with FTX and business entities under former CEO Sam Bankman-Fried.According to a Dec. 6 report from NBC News, Senators Elizabeth Warren, John Kennedy, and Roger Marshall sent a letter to
Read MoreNine U.S. lawmakers have raised concerns regarding the U.S. central bank digital currency project led by the Federal Reserve Bank of Boston. The lawmakers stressed: “Any U.S. CBDC must be open, permissionless, and private.” Congressmen Say Any US CBDC Must Be Open, Permissionless, and Private U.S. Congressman Tom Emmer (R-MN) announced Thursday
Read MoreLawmakers had already accepted amendments to a new bill to make it easier for law enforcement to target crypto and related property linked to crime. Original Source
Read MoreTwo Democratic members of the United States Senate have called on the Justice Department to investigate the collapse of FTX and potentially prosecute individuals involved in wrongdoing.In a Nov. 23 letter to U.S. Attorney General Merrick Garland and Assistant Attorney General Kenneth Polite, Senators Elizabeth Warren and Sheldon Whitehouse requested
Read More“It doesn’t really give us the real background detail,” Alison Thewliss, a member of Parliament’s Treasury Committee, told Bloomberg. “I’m sure the committee will be asking more questions to get to the details of what happened here, because there are wider implications for this collapse and for the crypto sector
Read MoreStill, the events of this month, where one of crypto world’s pillar companies is under investigation as an epic fraud, will play a part. Congressional hearings will likely question what happened with FTX, and the new lawmakers will have to consider appropriate legislation in what could be the most important
Read MoreIn an evidence inquiry session on crypto held by the Treasury Committee, the industry addressed negative questions, with some calling for more regulatory clarity. Source
Read More"For four years, under my leadership as Chairwoman, the Committee on Financial Services has led the way in examining and investigating the cryptocurrency marketplace. This includes the Committee’s formation of Congress’ first-ever Task Forces on Financial Technology and Artificial Intelligence, along with the working group on digital assets. In addition,
Read MoreThe crypto world is highly prone to hacks and attacks, but the jury is out on the impact the new measures will have Original Source
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