Cryptocurrency Analysis and News Portal
Brazil’s Senate has passed the country's first bill governing cryptocurrencies in a plenary session, which will set the stage for the creation of a regulatory framework for the country’s crypto industry. The bill must be approved by the Chamber of Deputies and then signed off by President Jair Bolsonaro to become
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After weeks of delays due, in part, to partisan obstructionism, the United States Senate has confirmed the nomination of Lael Brainard, a member of the Federal Reserve's board of governors, as the next vice chair of the central bank.In a 52–43 vote on the Senate floor on Tuesday, U.S.
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The bill regulating the cryptocurrency market in Brazil is expected to be approved by the National Congress in the first half of this year, according to Cryptox Brazil.The legislation, which has been debated in the Chamber of Deputies since 2015, has been approved in the first round of consideration. The
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The New York State Senate is boosting the state’s Department of Financial Services (NYDFS) efforts to oversee the cryptocurrency sector. The Senate passed its fiscal year 2023 budget early Saturday, which included a provision tasking NYDFS with developing a new “assessment” or charge for the cryptocurrency companies it oversees to
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The former executive director of the Bitcoin Foundation, Bruce Fenton, is officially running for the Republican nomination for New Hampshire’s seat in the U.S. Senate. He’ll be starting his campaign with an injection of $5 million of personal bitcoin (BTC) wealth. Original Source
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Democratic Senator Ron Wyden is digging into the activities of crypto companies that take advantage of tax breaks provided by the Opportunity Zone program.Senator Wyden’s main concern stems from the perception that some crypto companies may be taking advantage of what he called “a lack of safeguards and transparency measures”
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Bruce Fenton says he wants to tear down regulatory obstacles for the crypto industry at the federal level. Original Source
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El Salvador president Nayib Bukele reacted to the news that the recently proposed Accountability for Cryptocurrency in El Salvador Act (ACES) had passed the U.S. Senate Foreign Relations Committee and will now head to a full Senate vote. The 40-year old national leader responded emotionally on Twitter:Never in my wildest
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“As El Salvador has adopted Bitcoin as legal tender, it’s important we understand and mitigate potential risks to the U.S. financial system,” Risch said in a statement on Wednesday, adding that the legislation would require the State and Treasury Departments, among other federal agencias, to mitigate risks such as potential
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The provision, entitled “Strengthening financial resilience,” says: “To further safeguard financial stability, we are taking important steps to discourage the use of cryptocurrencies with a view to preventing money laundering, informality and disintermediation.” Source
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