US lawmakers Financial News

21.07 / 10:25

Provident lawmakers US lawmakers US lawmakers edge closer to rules for stablecoins

WASHINGTON — US lawmakers moved closer to a bipartisan agreement on new legislation that would regulate so-called stablecoins as part of efforts to impose basic safeguards on volatile cryptocurrency markets.

16.07 / 00:35

regulation Bitcoin lawmakers Consumption US lawmakers US lawmakers ask about EPA, DOE monitoring of crypto mining emissions, energy consumption

Democratic legislators from both houses of the United States Congress have sent a letter to the Environmental Protection Agency (EPA) and Energy Department (DOE) to inform them of their findings on the energy consumption of cryptocurrency mining and asking the agencies to require mining to report their emissions and energy use. Meanwhile, the Paraguayan Senate, the upper house of that country’s legislature, has passed a comprehensive bill to regulate cryptocurrency and allow miners to use excess electricity generated in the country.

01.07 / 00:09

regulation Congress Women lawmakers US lawmakers US lawmakers say crypto industry has a 'tech bro' problem hurting innovation

According to some United States lawmakers in the House Financial Services Committee, the lack of diversity in the financial technology space could be hurting many companies’ bottom lines.

17.06 / 20:39

proof-of-work Congress Bitcoin lawmakers US lawmakers US lawmakers urge EPA to consider the potential benefits of crypto mining

A group of 14 United States senators and House representatives have signed a letter to the Environmental Protection Agency extolling what they believe are the benefits of crypto mining.

09.06 / 14:05

Provident Digital lawmakers US lawmakers US lawmakers propose rules to safeguard crypto investors when exchanges collapse

A bipartisan duo of US senators introduced a bill that would aim to protect investors in the event that a cryptocurrency exchange files for bankruptcy by ensuring that their digital assets would be held separate.

02.06 / 12:33

Ethereum regulation Bitcoin lawmakers letter US lawmakers Community fires back at anti-crypto letter sent to US lawmakers

The increase of crypto lobbyists recently sparked an effort from anti-crypto individuals in the tech space to urge regulators through a letter to resist the influence of blockchain advocates. In response, the crypto community criticized the move and laid out counterarguments against the contents of the letter.

21.04 / 23:31

Government Environment proof-of-work lawmakers US lawmakers US lawmakers sound alarm to EPA over environment concerns of crypto mining

United States House of Representatives member Jared Huffman and 12 other lawmakers have requested the Environmental Protection Agency, or EPA, assess crypto mining firms potentially violating environmental statutes.

05.04 / 20:51

Government Law Bitcoin lawmakers US lawmakers US lawmakers introduce companion bill to 'mitigate risks' from El Salvador’s Bitcoin Law

Two members of the House of Representatives have introduced legislation aimed at mitigating the risks to the United States financial system due to El Salvador adopting Bitcoin as legal currency.

31.03 / 12:29

Digital Patrick lawmakers US lawmakers Meet the ‘crypto caucus’: The US lawmakers defending digital coins

After months of tortuous negotiations, Joe Biden’s bipartisan infrastructure bill was about to pass Congress last summer when Patrick McHenry became alarmed about one particular element. Along with colleagues in the Senate, the Republican member of Congress from North Carolina realised that a clause had been quietly inserted into the 2,700-page bill, which forced brokers of cryptocurrency to report their transactions and customer information to the tax authorities.

18.03 / 00:47

Government Law lawmakers US lawmakers US lawmakers introduce bills that could force crypto exchanges to cut ties with Russian wallets

Representative Brad Sherman will be introducing a bill in the House aimed at cracking down on U.S. businesses handling crypto transactions for Russian banks and individuals.

17.03 / 23:05

Government Law Cybersecurity lawmakers National US lawmakers US lawmakers discuss crypto’s role in sanctions, national security, and humanitarian aid

Industry experts and lawmakers who spoke at a hearing of the United States Senate Committee on Banking, Housing, and Urban Affairs clashed on how the country should handle digital assets used for illicit purposes.

05.03 / 16:35

Report Congress Research lawmakers US lawmakers Crypto industry seeks to educate, influence US lawmakers as it faces increasing regulation

Interaction between the cryptocurrency industry and Capitol Hill is becoming ever more intensive as efforts to regulate crypto grow in tandem with its popularity. The surge in crypto industry lobbying last year was given some concrete parameters in February by crypto analytics startup Crypto Head. It released a report showing that the crypto companies that spent the most money on lobbying in 2021 were Robinhood, Ripple Labs, Coinbase and the Blockchain Association. These organizations were the lobbying leaders during the past five years as well, although with different rankings.

02.03 / 21:17

Government Mark Warner lawmakers US lawmakers US lawmakers and Fed chair push for crypto regulation in wake of Russia sanctions

Federal Reserve Chair Pro Tempore Jerome Powell and some members of the U.S. House of Representatives called for congressional action on crypto in response to discussions about Russia potentially evading sanctions.

10.02 / 10:59

Bitcoin lawmakers US lawmakers crypto rules US lawmakers urge crypto rules to protect investors

WASHINGTON — The head of the Commodity Futures Trading Commission called on lawmakers on 9 February to grant his agency authority to regulate cryptocurrencies such as bitcoin, saying the "speculative fervour" around such assets has left investors in need of protection.

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.

03.02 / 20:51

Government IRS Taxes lawmakers US lawmakers US lawmakers reintroduce bill to stop IRS from taxing crypto transactions under $200

A bill previously introduced by Washington Representative Suzan DelBene aims to exempt crypto users from paying taxes on transactions under $200.

20.01 / 19:11

proof-of-work Bitfury Bitcoin lawmakers hearing US lawmakers Watch Mining Hearing Live: Bitcoin Is More Energy-Efficient than Banks, Bitfury CEO Tells US Lawmakers

Traditional banking requires 2.5 times the amount of power as Bitcoin (BTC) to produce the same amount of value, and only proof-of-work (PoW) provides “a truly trustless system,” according to Brian Brooks, CEO of major blockchain technology firm Bitfury and a former Comptroller of the Currency in the US.

22.12 / 10:53

Digital Bitcoin lawmakers US lawmakers crypto rules US lawmakers pushing for light-touch crypto rules also own digital assets

Senators Pat Toomey and Cynthia Lummis sit on the powerful Senate Banking Committee and have been advocates for a light government touch towards the growing — and largely unchecked — cryptocurrency market.

21.12 / 11:43

Digital Bitcoin lawmakers US lawmakers crypto rules US lawmakers pushing for light-touch crypto rules also own digital assets

07.12 / 19:07

Government Investments Bitcoin lawmakers US lawmakers Alexandria Ocasio-Cortez says US lawmakers shouldn't hold crypto to 'remain impartial'

Democratic lawmaker Alexandria Ocasio-Cortez said Monday that she avoids any and all investments which could potentially represent a conflict of interest, including crypto — and believes her fellow lawmakers should do the same.

19.11 / 00:53

Government regulation Taxes lawmakers US lawmakers US lawmakers introduce bill to 'fix' crypto reporting requirement from infrastructure law

A bipartisan group of United States lawmakers has introduced legislation to change the tax reporting requirements that will go into effect due to the recently signed infrastructure bill.

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