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US Congress


A new report from a Washington, D.C. think tank presented last week argued that cryptocurrencies aren’t well-suited for terrorist financing – while also highlighting the limited success terrorist groups have had attempting to raise funds with the technology. The paper was produced by the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance and …

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A U.S. lawmaker has called for a blanket ban on cryptocurrency buying. Congressman Brad Sherman is no stranger to controversial statements on the subject – back in March he called cryptocurrencies “a crock” – and during the Wednesday hearing of a subcommittee for the House of Representatives Financial Services Committee, he went so far as to …

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Congress is set to consider yet another proposed mandate for a cryptocurrency study, this time in the area of sex trafficking. The House of Representatives Financial Services Committee is introducing a new bill today that, if passed and signed into law, would require the director of the Government Accountability Office (GAO) to open a study …

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A bitcoin-friendly U.S. lawmaker is hoping to get members of Congress to disclose their holdings of cryptocurrency assets. In a written petition sent to the House Committee on Ethics dated Feb. 5, Colorado House Representative Jared Polis argued that, because cryptocurrency assets are regarded as commodities by several agencies, Congress members should follow the same financial disclosure …

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U.S. lawmakers are eyeing the formation of a new task force to combat the use of cryptocurrency in financing terrorism and other illicit uses. Introduced to Congress by House Representative Ted Budd (Republican) of North Carolina on Jan. 10, a new bill aims to establish the team, dubbed the Independent Financial Technology Task Force, if enacted. The task …

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