Category: Legislation

Dueling CBDC Bills Heading for U.S. Digital Dollar Debate in Congressional Hearing

September 14, 2023CryptoLeave a Comment

“If not designed to be open, permissionless, and private – emulating cash – a government-issued CBDC is nothing more than a CCP-style surveillance tool that would be used to undermine the American way of life,” he said in a statement, accusing President Joe Biden’s administration – even in the absence of any actual policy – […]

White House Derailed Negotiation on U.S. House Stablecoin Bill: McHenry

July 27, 2023CryptoLeave a Comment

“Today I had hoped to announce an agreement with the ranking member on stablecoins legislation,” McHenry said, referring to the committee’s senior Democrat, Maxine Waters (D-Calif.). “This will not be the case… It was the White House’s unwillingness to compromise that has once again brought that negotiation to a halt.”

House Financial Services Committee Votes in Favor of Crypto, Blockchain Bills

July 26, 2023CryptoLeave a Comment

The House Financial Services Committee advanced a set of crypto bills after a landmark markup on Wednesday.

House of Lords Passes U.K. Bill to Help Seize and Freeze Crypto Used for Crime Like Money Laundering, Terrorism

July 4, 2023CryptoLeave a Comment

The U.K.’s Economic Crime and Corporate Transparency Bill, which will help law-enforcement agencies seize and freeze crypto used for crime, took a step closer to entering the statute book after being passed by Parliament’s upper chamber on Tuesday.

U.S. House Committee Publishes Draft Stablecoin Bill

April 15, 2023CryptoLeave a Comment

The bill, available on the committee’s hearing page, represents the first major piece of crypto legislation to move in 2023, and follows two key incidents over the past year involving stablecoins: the blowup of terraUSD (UST), which was backed by a token called LUNA, and the second-largest one, USD coin (USDC), temporarily becoming unmoored from […]