US lawmaker accuses SEC of enforcement abuse against crypto firms

House of Representatives members brought up FTX, Donald Trumps token launch, and SEC Chair Gary Gensler at the Dazed and Confused digital assets hearing.

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Digital Chamber urges US crypto users to support new NFT bill

Crypto advocates urged Americans to help the industry flourish without "misapplied" securities regulations. 

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Senator Warren Calls On Fed To Cut Interest Rates By 0.75% At Next Meeting

The market now broadly expects a 0.5% cut, but Senator Warren thinks the Fed needs to act faster to save the labor market.

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Rare Ape CryptoPunk sells for $1.5M, Magic Eden dominates NFT trading volume: Nifty Newsletter

A group of blockchain advocates urged the United States Congress to clearly define NFTs in response to the SEC Wells notice to OpenSea.

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Digital Chamber calls for Congress to address SEC actions against NFTs

The CEO of OpenSea reported receiving a Wells notice from the SEC in August, suggesting that the commission could be taking a new regulatory approach to NFTs.

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Congressional elections critical for cryptos future in the US

The industry has amassed a historically large war chest, but little of it will be spent on the presidential clash between Trump and Harris.

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US lawmaker reports AERO, GRT and VELO investments in 2024

Georgia Representative Mike Collins previously disclosed purchasing up to $65,000 in ETH, but seems to have moved onto altcoin investments.

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Democratic Party Election Platform Didnt Say Bitcoin Even Once

The Democrats still have little to say about cryptocurrencies, which could be either a good or bad sign for Bitcoin voters.

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Republican Party Platform Vows To End Crypto Crackdown

Republicans are officially a pro-crypto party in alignment with their Bitcoin-bullish leader, Donald Trump.

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Crypto PACs are spending big on US elections What it means for the industry

Political action committees supporting the cryptocurrency industry are raising hundreds of millions of dollars.

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Crypto Now Boasts Top Super PAC In U.S. Election, Raises $202 Million

Fairshake has already deployed millions toward defeating Democratic candidates, whose party hasnt been favorable to crypto innovators.

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US lawmakers send a letter to OpenAI requesting government access

Congressional Democrats asked the AI firm, What is the percentage of computing resources that OpenAI is dedicating to AI safety research?

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US lawmaker asks Congress to treat Binance exec in Nigeria as a hostage

Rep. Rich McCormick called on the US government to formally declare Tigran Gambaryan as a hostage if his criminal case in Nigeria was not resolved by mid-July.

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House fails to override Bidens veto on nullifying SEC crypto rule

Though the resolution overturning an SEC rule on banks handling crypto passed in the House in May, the legislation required at least 288 members to override President Bidens veto.

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US lawmakers meet with crypto advocates in DC roundtable

Anita Dunn, a senior adviser to Joe Biden, attended the roundtable in her personal capacity amid reports the US president was considering changing his position on crypto.

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FIT21 bill a watershed moment for crypto despite CFTC-SEC friction

FIT21 is the first bipartisan legislation of its kind to pass in either chamber of Congress, but is its dual-agency model workable?

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U.S. Congressman Pitches Bill To Allow Federal Tax Payment In Bitcoin

Matt Gaetz says bitcoin and crypto will modernize the financial system, and that the U.S. Treasury should keep up technologically.

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Congressman Matt Gaetz Introduces Bill to Allow Federal Income Tax Payments in Bitcoin

The bill would order the Treasury secretary to develop a plan for accepting Bitcoin as payment.

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Jump Crypto Adds $10M to Industrys U.S. Political War Chest, Raising PAC to $169M

Both efforts saw a higher-than-expected showing of support from Democrats, and the tallies are being used to assess lawmakers. Stand With Crypto, an advocacy group started by Coinbase, maintains a grading system for politicians. The “D” grade for Sen. Mark Warner (D-Va.), for instance, reflects his no vote on the SAB 121 resolution, while the [...]

The post Jump Crypto Adds $10M to Industry’s U.S. Political War Chest, Raising PAC to $169M appeared first on Crypto Breaking News.

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Stablecoin act gives Congress alternative to overriding Bidens SAB 121 veto

President Joe Bidens veto of the SAB 121 repeal was a blow for the crypto community. Can the U.S. Congress override the veto with broad bipartisan support?

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