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Kraken rejects the SECs securities allegations, Brazil lifts the freeze on Starlinks bank account, the UK clarifies crypto property rights, and Coinbase backs NFTs legal defense.
Congressman John Rose would make the agencies work together and listen to user and industry representatives.
In an encouraging development for Bitcoin adoption, Florida Republican Congressman Matt Gaetz recently introduced a bill mandating the IRS to accept tax payments in Bitcoin. At present, only Colorado allows the use of cryptocurrency to pay taxes. The other states waiting in line to approve the payment are Utah, New Jersey, and Kentucky. Gaetz’s move […]
U.S. stablecoin regulation nears collapse as Senate Democrats withdraw support, demanding tougher AML rules and financial safeguards.
North Carolina moves forward with digital asset investments as Trump pushes federal Bitcoin reserves.
Arizona Governor Katie Hobbs vetoed two cryptocurrency-related bills this week, citing high risk and instability in the sector. The rejected bills aimed to integrate crypto assets more deeply into Arizonas public finance system. However, the Governor emphasized the need to protect Arizonas general fund from unpredictable crypto markets. Arizona Governor Blocks Crypto Reserve Fund Arizona […]
Senator Tim Scott expects a crypto market structure bill to become law by August 2025. As chairman of the Senate Banking Committee, Scott highlighted the progress made in advancing crypto regulation. In March 2025, the committee moved forward the GENIUS Act, a stablecoin bill, showing its commitment to digital asset
The U.S. House Committee on Financial Services has passed the Keep Your Coins Act of 2023 to protect the self-custody of crypto. “Those attacking self-custody oppose individual freedom. They want someone they control to control your assets,” said Congressman Warren Davidson who introduced the bill. Keep Your Coins Act of 2023 Advances The U.S. House [...]
The post US House Committee Passes ‘Keep Your Coins Act’ to Protect Right to Self-Custody Crypto appeared first on Crypto Breaking News.
Wary of another Terra Luna catastrophe, South Korean legislators passed the historic Virtual Asset User Protection Act on June 30 to prevent unfair trade practices and protect crypto investors. The new bill amends the “Act on Capital Market and Financial Investment Business,” which mandates a penalty of up to twice the profits made through unfair […]
U.S. lawmakers have advanced the Financial Innovation and Technology (FIT) for the 21st Century Act that establishes a regulatory framework for the crypto market. “Our bill establishes clear principles to ensure financial security and certainty as digital asset developers continue to innovate,” a lawmaker explained. FIT for the 21st Century Act Advances U.S. lawmakers have [...]
The post US Lawmakers Advance ‘FIT for the 21st Century Act’ to Establish Crypto Framework appeared first on Crypto Breaking News.
The United Kingdom has passed a landmark bill recognizing cryptocurrencies as regulated financial activities within the country. This significant decision
The bills aim to create a regulatory framework for payment stablecoins and enshrine rights for crypto users to self-custody digital assets.
House Committee passes stablecoin framework amid party-line divide, uncertain fate awaits.
The whole bill will undergo reconciliation by both the House and Senate chambers.
Brad Sherman makes it painfully obvious, his anti-crypto stance does not come from doing research, becoming educated on the topic, and coming to an honest conclusion. The traditional finance companies that tell him what to say probably should have had him rehearse.
Worth Another Look: In a report we published back in 2019, we exposed everything from his top campaign donor charged with processing illegal transactions and using shell companies to avoid anti-money laundering laws, to why women feel "uncomfortable" in his office. The full article is here. Subscribe to GCP in a reader
The bill results from a rare joint effort between the Financial Services and Agriculture committees.
The US House Financial Services Committee achieved massive success for the cryptocurrency sector by advancing a bipartisan measure to create a thorough regulatory framework for Bitcoin and other cryptocurrencies. With the standard now approved, Capitol Hill has attempted to provide government supervision to the digital asset market, giving investors and the sector the much-needed regulation […]
A noteworthy development has occurred in regulating the United States’ crypto space as a House Committee has approved a bill to bring clarity into the industry. On July 26, the U.S House Financial Services Committee approved the Financial Innovation and Technology Act for the 21st Century Act, popularly known as FIT21. #PASSED: In a historic first, the House Financial Services Committee just advanced the BIPARTISAN FIT for the 21st Century Act to protect consumers and provide clear rules of the road for the digital asset ecosystem. Up next: @HouseAgGOP considers the legislation tomorrow. pic.twitter.com/kOyLmolPuz — Financial Services GOP (@FinancialCmte) July 26, 2023 After a long deliberation, the House Committee greenlighted the FIT21 bill with a 35-15 voting result. It is worth stating that the FIT21 has been garnering attention, with Coinbase CEO Brian Armstrong taking to Twitter to urge crypto users in the United States to actively push for this bill’s approval. Although Armstrong believed the bill would likely be modified as it passes the complete legislative process, its approval by the House Committee was vital to safeguard the crypto space, “American innovation and national security.” Related Reading: New Crypto Bill Demands SEC And CFTC To Draft Rules For Trading Platforms The FIT21 Act – A Landmark Legislation For U.S. Crypto Space? The Financial Innovation and Technology for the 21st Act was recently introduced to the House on July 20. In the Act’s introductory statements, Representative French Hill, who serves as Chairman of the House Subcommittee on Digital Assets, Financial Technology, and Inclusion, referred to the bill as a “landmark legislation” critical to creating an efficient regulatory framework to safeguard crypto users’ interests. The U.S. House Representative further stated that this bill would have prevented the FTX crisis and provided much-needed clarity in crypto. Hill said: This legislation would not only have prevented FTX from stealing billions of customer funds, but also establishes robust consumer protections and clear rules of the road for market participants. In addition, the FIT21 Act will enhance cooperation between the two financial regulators trying to assume control of the U.S. crypto market. U.S. Representative Dusty Johnson, another sponsor of the bill, emphasized this motion saying: The crypto industry wants clarity and our collaborative bill gives both the CFTC and SEC a seat at the table. Our bill establishes clear principles to ensure financial security and certainty as digital asset developers continue to innovate. Related Reading: SEC Potential Appeal To Yield Little Effect On XRP, Crypto Lawyer Says Total Crypto Market Cap Valued At $1.143 Trillion On Daily Chart | Source: TOTAL Chart On Tradingview.com U.S. Congress Finally Stepping Up Crypto Regulations The call for a regulatory framework in the U.S. crypto space has been on for quite some time, especially with multiple clampdowns by the SEC on various crypto exchanges and businesses in 2023. U.S. Patrick McHenry highlighted this situation, stating the United States is “falling behind” other nations regarding digital asset regulation. However, the introduction of the FTI21 Act, along with other bills such as the Blockchain Regulatory Act, the Digital Asset Market Structure Proposal, and the “Lummis-Gillibrand” Bill, suggests that the United States government may be ramping up its regulatory efforts in the crypto landscape. Featured Image From Britannica, Chart From Tradingview
The crypto bills could hand power to the purportedly more crypto-friendly CFTC and better define the SEC’s jurisdiction.
If passed into law it will give Bitcoin the same status as the U.S. dollar in the State of Arizona What – State Senator [...]
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