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Senators Elizabeth Warren and (D-Mass.) and Chris Van Hollen (D-Md), in their letter to U.S. Attorney General Merrick Garland, alleged the crypto exchange may have made false statements, including whether its affiliate Binance.US was indeed a separate entity as Binance had claimed. Source
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“The APPG supports the position of HM Treasury that cryptocurrency and digital assets are best regulated, in so far as is possible and appropriate, within existing and new financial services regulations, which has a track record in mitigating risks to consumers and investors,” the report said. Original Source
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IRS official Julie Foerster said in April during CryptoX's Consensus event that she could not say when the agency planned to update and clarify the guidance, and that it was looking into other ways of communicating with the industry so that taxpayers can voluntarily comply with the reporting requirement. Source
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A lawmaker group in the United Kingdom has published its recommendations to the government for the crypto and digital asset space. The list of recommendations includes the appointment of an official who will ensure a coordinated regulatory approach for the crypto and digital assets space. In an effort to help policymakers
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Lawmakers with the United States House Financial Services Committee and House Agriculture Committee have released a draft discussion offering certain crypto assets a pathway to being labeled digital commodities.According to a discussion draft published on June 2, lawmakers proposed “establishing a functional framework” aimed at providing regulatory clarity for crypto
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Russian lawmakers have opted not to continue with plans to develop a state-owned crypto exchange. According to a regional newspaper, Izvestia, Russian lawmakers have scrapped plans to institute legislation that would allow the government to build
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French lawmakers have agreed to tone down the restrictions on a bill first proposed in March that would have severely restricted locally-registered cryptocurrency companies from using influencer marketing.An earlier draft of the bill allowed only licensed crypto companies to engage in influencer marketing. However, while crypto companies are currently required
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Brad Smith, the president of Big Tech firm Microsoft, has called on governments to “move faster” and corporations “step up” amid a massive acceleration in artificial intelligence development.Speaking at a May 25 panel in front of United States lawmakers in Washington D.C., Smith made the call as he proposed regulations
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ALSO: Graphics chip manufacturer Nvidia's powerful GPUs were well-suited for bitcoin mining but they now seem primed to boost the company's sales because of their usefulness in artificial intelligence technology. Source
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Lawmakers recently called for the Bill to take effect within two months. Source
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