Posts in category

Congress


Bitcoin’s price finally broke out to the downside recently after prolonged dormant price action. Unrest in the crypto space continues with exchange pump and dumps, stiff regulatory comments, and Malware attacks, as well as positive news of a new Coinbase listing. Catch up on today’s action: YoBit.net Official Pump Scheme & Scam Social Media The …

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This post was originally published here Ripple will lead a group of crypto startups to lobby lawmakers and financial regulators in D.C. to support crypto and blockchain innovation, Bloomberg reported on Thursday, September 27. According to the report, the coalition of San-Francisco-based crypto firms is planning to pay Klein/Johnson Group, a bipartisan lobby group, to …

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An effort by the U.S. Congress to launch a task force investigating cryptocurrencies is gaining traction. House Resolution 5036, a bill hoping to establish the “Independent Financial Technology Task Force to Combat Terrorism and Illicit Financing,” was referred to the House of Representatives Wednesday for consideration. The bill, a seeming upgrade from one introduced by …

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An effort by the U.S. Congress to launch a task force investigating cryptocurrencies has been suspended. House Resolution 5036, a bill hoping to establish the “Independent Financial Technology Task Force to Combat Terrorism and Illicit Financing,” was referred to the House of Representatives Wednesday for consideration. The bill, a seeming upgrade from one introduced by …

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Some 80 representatives from the cryptocurrency and traditional finance industries trekked to Washington, D.C. on Tuesday with a singular message for U.S. lawmakers: we need regulatory clarity on cryptocurrencies and initial coin offerings (ICOs). That message was fully on display during the “Legislating Certainty for Cryptocurrencies” event held this week at the Library of Congress. …

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Some 80 representatives from the cryptocurrency and traditional finance industries trekked to Washington, D.C. on Tuesday with a singular message for U.S. lawmakers: we need regulatory clarity on cryptocurrencies and initial coin offerings (ICOs). That message was fully on display during the “Legislating Certainty for Cryptocurrencies” event held this week at the Library of Congress. …

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Twitter CEO Jack Dorsey told a Congressional committee Wednesday that the social media company is exploring blockchain solutions for its platform. Dorsey was responding to a question from California Representative Doris Matsui during a House Committee on Energy and Commerce hearing that focused on alleged bias against political conservatives on Twitter. “You previously expressed interest …

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A new Congressional bill would update the mandate of the Financial Crimes Enforcement Network (FinCEN) to include a specific focus on cryptocurrencies. The FinCEN Improvement Act (H.R. 6411), filed jointly by U.S. Congressmen Ed Perlmutter (D-CO) and Steve Pearce (R-NM) on July 18, directs FinCEN to look into how cryptocurrencies might be used in terrorism …

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Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Progress? Judging from the most eye-catching headlines from two separate hearings on Capitol Hill Wednesday, …

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The director of the Commodity Futures Trading Commission (CFTC)’s fintech initiative cautioned against what he called “hasty regulatory pronouncements” during a Congressional hearing on Wednesday. The remarks from Daniel Gorfine, director of LabCFTC, were directed toward members of the U.S. House Committee on Agriculture which, as reported by CoinDesk, sought testimony on the issue of cryptocurrencies …

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Cryptocurrencies will take center stage once again on Capitol Hill next week. The U.S. House of Representatives Financial Services Committee announced Thursday that it would host a hearing titled “The Future of Money: Digital Currency” on Wednesday, July 18. Though the Committee, headed by Chairman Jeb Hensarling, has yet to announce a full list of …

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Lawmakers in the U.S. House of Representatives have passed a bill that, if signed into law, would approve a study of the use of cryptocurrencies in the sex and drug trades. As CoinDesk reported earlier this month, the bill instructs the director of the Government Accountability Office (GAO) to research “how virtual currencies and online …

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Members of the House of Representatives, the lower chamber of the U.S. Congress, must begin disclosing cryptocurrency investments that exceed $1,000. The guidance was laid out in a June 18 memo drafted by the House Ethics Committee. According to the memo, the committee determined that cryptocurrencies are “other forms of securities for purposes of the EIGA …

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A pair of Congressional subcommittees will continue their fact-finding mission on blockchain during a hearing tomorrow. Tomorrow’s session will be more narrowly focused compared to a similar hearing held by the House Committee on Science, Space and Technology’s Research and Technology and Oversight Subcommittees in February. While that event cast a broad net – covering …

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Lawmakers in the U.S. Congress are set to hold a hearing on blockchain tech’s use in global supply chains next week. Two subcommittees of the U.S. House Committee on Science, Space and Technology – for Research and Technology, and Oversight – will meet on May 8, a newly published notice reveals. The hearing is entitled …

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A U.S. Congressman called for a ban on initial coin offerings (ICOs) during a hearing on Thursday. William Hinman, the director of the Securities and Exchange Commission’s Division of Corporation Finance was speaking before the House Financial Services Committee’s Capital Markets, Securities, and Investment Subcommittee, and had remarked that in regards to cryptocurrencies and ICOs, …

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For the first time the US Congress has dedicated an entire section to cryptocurrencies and Blockchain technology in its annual Joint Economic Report, published March 13. The 2018 Joint Economic Report contains analysis and recommendations for the coming year and dedicates an entire chapter to providing insight into the impact of cryptocurrencies and Blockchain on …

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The Subcommittee on Capital Markets, Securities, and Investment convened Wednesday, March 14, to discuss the future of cryptocurrencies, digital currencies, ICOs, and Blockchain development in the US. Throughout the course of the proceedings, it became clear that the panel of four crypto and Blockchain industry experts was more or less in agreement that further regulatory …

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A new report from Congress that dubbed 2017 “the Year of Cryptocurrencies” calls for lawmakers and industry stakeholders to cooperate on the technology’s use. The 2018 Joint Economic Report – an assessment of the nation’s economic status and recommendations for the upcoming year – notably includes an entire section dedicated to cryptocurrencies and blockchain. This …

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“Congress has a responsibility to ensure that investors are protected without unduly preventing growth.” So said U.S. Rep. Randy Hultgren of Illinois during a Wednesday hearing of the House Capital Markets, Securities and Investment Subcommittee, which met to ask questions on the topic. Drawing a mix of academic and industry witnesses, the hearing highlighted some …

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