State Minnesota Financial News

08.04 / 11:39

business Adoption Mining Bitcoin Water great idea! Bitcoin mining heats this swimming pool

A Bitcoiner has "pooled" off another mining innovation. The 'waste' heat generated by mining Bitcoin (BTC) is used to warm his swimming pool.

31.03 / 14:25

CBDC regulation Federal Reserve US Senator Suggests Banning Fed From Issuing a Direct-to-Consumer CBDC

US Senator Ted Cruz has introduced companion legislation to a January 2022 bill drafted by Representative Tom Emmer, which prohibits the Federal Reserve (Fed) from issuing a central bank digital currency (CBDC) directly to individuals.

31.03 / 00:55

Blockchain Adoption regulation Federal Reserve retail CBDC Ted Cruz introduces companion to Emmer's bill to exclude Fed retail CBDC digital currency issue

Texas Sen. Ted Cruz introduced companion legislation into the U.S. Senate on Wednesday for Minnesota Rep. Tom Emmer’s bill prohibiting the Federal Reserve from issuing central bank digital currency, or CBDC, directly to individuals, Emmer announced. Emmer introduced the House bill Jan. 18. Fellow Republican Cruz’ legislation could potentially speed up passage or rejection of the bill by allowing it to be considered in both chambers of Congress at the same time.

17.03 / 04:31

Adoption SEC Congress Congress members concerned SEC stifling innovation with crypto scrutiny

In a bipartisan letter put forward by Republican Minnesota Congressman Tom Emmer, a cohort of Congress members has written to Securities and Exchange Commission (SEC) Chairman Gary Gensler, challenging the regulator's scrutiny of cryptocurrency firms and expressing concern that “overburdensome” investigation may be suffocating the crypto industry.

17.02 / 21:35

ETF SEC Bitcoin Future Sec Chair spot bitcoin bitcoin etfs spot bitcoin ETFs SEC chair hints at no spot Bitcoin ETFs yet, but cites 'careful consideration' for future

Gary Gensler, chair of the U.S. Securities and Exchange Commission, has responded to a letter from lawmakers calling the regulator denying approval of Bitcoin spot exchange-traded funds “unacceptable.”

07.02 / 16:29

coinbase WSJ Bitcoin Super Bowl = Crypto Bowl, thanks to Coinbase Global, FTX, Crypto.com – Just the start?

For the 13 February broadcast of the 2022 Super Bowl, crypto-companies have reportedly spent millions to score the sports sponsorship. WSJ has cited sources to reveal that Coinbase Global, FTX, and Crypto.com will be running a spot during the game.

04.02 / 21:37

Law Winter Olympics lawmakers US lawmakers US lawmakers issue warnings about digital yuan as Winter Olympics kicks off

With the opening ceremony of the Beijing 2022 Winter Olympics completed and all competing athletes currently in China, two members of Congress are warning of the potential dangers of using digital yuan at the events.

21.01 / 22:21

States Are Swimming in Cash Thanks to Booming Tax Revenue and Federal Aid

Numerous states are proposing tax rebates and bonuses for public workers as the fiscal doldrums of early 2021 give way to fat times fueled by booming markets, growing incomes and federal aid.

13.01 / 23:11

Government Congress Fed's Lael Brainard invites Congress to choose whether to compete with China's digital yuan

At her confirmation hearing in front of members of the Senate Banking Committee, Federal Reserve board of governors member Lael Brainard said Congress would ultimately have to decide to move forward with a central bank digital currency, or CBDC.

12.01 / 18:19

Government regulation Federal Reserve lawmaker US lawmaker proposes bill aimed at limiting Fed's ability to issue CBDC

Minnesota Representative Tom Emmer has announced he will be introducing a bill intended to prevent the Federal Reserve from acting as a retail bank in the potential issuance of a digital dollar.

11.01 / 21:21

Government Federal Reserve Senate lawmaker crypto legislation US lawmaker hints at upcoming crypto legislation as Jerome Powell says Fed will release report on digital currency soon

At his confirmation hearing in front of members of the Senate Banking Committee, Federal Reserve chair Jerome Powell said the agency would be releasing its report on cryptocurrencies “within weeks.”

11.11 / 03:21

COST UPS Where Inflation Is Highest in U.S.

U.S. inflation rose at the fastest pace in three decades in October, with prices increasing more in some parts of the country than in others. Consumer prices were up 7.3% last month in the region that encompasses Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota. Mid-Atlantic states, however, saw prices rise less, by 5.4% from a year ago.

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