Legislation Financial News

16.06 / 00:09

Adoption regulation legislation GAO us house US House Ways and Means chairman asks the GAO to check out crypto in retirement plans

Chairman of the United Sates House of Representatives Ways and Means Committee Richard Neal sent a letter to the Government Accountability Office (GAO), a legislative branch watchdog, asking the agency to weigh in on the use of cryptocurrency in retirement plans. Defined contribution plans, such as the 401(k), are increasingly allowing savers to incorporate cryptocurrency in their plans, the lawmaker said, and concerns have arisen over crypto’s volatility and limited oversight.

07.06 / 23:27

CFTC regulation SEC legislation Power Lummis-Gillibrand bill establishes SEC-CFTC balance of power over crypto markets

The long-awaited Responsible Financial Innovation Act to create a regulatory framework for digital assets was introduced in the United States Senate on Tuesday. The official text of the 69-page document was also released.

21.05 / 00:37

regulation Financial Services legislation Bitcoin Financial Florida Rep. Donalds introduces Financial Freedom Act companion bill in the House

Rep. Byron Donalds, a Florida Republican, introduced the Financial Freedom Act into the United States House of Representatives on Friday to prevent the U.S. Department of Labor from limiting the types of investments that can be included in Americans’ self-directed 401(k) retirement plans. The bill is the companion to Alabama Sen. Tommy Tuberville’s May 5 Senate bill.

03.05 / 23:47

regulation Congress bills legislation Sen. Lummis teases upcoming crypto bill, says NFTs won’t be included in it

United States Senator Cynthia Lummis appeared on a livestream hosted by Axios on Tuesday to tease the highly awaited bill on cryptocurrency she is authoring. The Wyoming Republican said the bill will be introduced as “one big piece so people can see the big picture” and be broken down into five or six components for consideration by the appropriate congressional committees.

03.05 / 04:43

Adoption regulation Environment legislation Rhode Island proposes crypto rewards for green home builders

A bill was proposed in Rhode Island’s House of Representatives that would credit a house builder in a “green coin” cryptocurrency for reducing the project's carbon footprint.

22.04 / 00:25

Blockchain Adoption legislation Binance.US leaves Blockchain Association to form own DC government affairs team

Binance.US announced today that it is creating a team in Washington to engage with lawmakers on digital asset policy. Simultaneously, it has withdrawn from the advocacy group Blockchain Association. Both organizations sides have been tight-lipped about the split, commenting publicly only with short statements.

10.02 / 19:51

Government Law legislation crypto sector Canadian MP introduces bill aimed at encouraging growth in crypto sector

Michelle Rempel Garner, a member of the House of Commons of Canada, has introduced a bill proposing the government set up a framework to encourage the growth of the cryptocurrency sector in the country.

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