US Lawmaker Cracks Down on Crypto Investors Utilizing Puerto Rico as a Tax Haven

Nydia Velazquez Advocates for Crypto Legislation in Puerto Rico to Address Tax Concerns Congresswoman Nydia Velazquez is taking action to address the tax implications of cryptocurrency in Puerto Rico. With the rise of digital assets, there has been a growing concern about how they are being taxed in the United States territory. Velazquez recognizes the [...]

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US lawmakers demand SEC to disclose information on crypto company supported by Trump family

Lawmakers in the United States are calling on the Securities and Exchange Commission (SEC) to take action against Mark Uyeda and World Liberty Financial following allegations of misconduct brought against them by President Donald Trump. The SEC has been urged to investigate Uyeda and World Liberty Financial for potential violations of securities laws. This move [...]

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Breaking News: North Carolina Lawmaker Proposes Groundbreaking Digital Asset Freedom Act

A lawmaker in North Carolina has recently put forth a new piece of legislation known as the Digital Asset Freedom Act. This proposed act aims to create a more accommodating environment for blockchain and digital asset businesses within the state. The Digital Asset Freedom Act seeks to establish a framework that will boost innovation and [...]

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US Lawmaker to Reintroduce Crypto Retirement Bill to Support Trumps Agenda

The Crypto Retirement Bill and Donald Trump’s Crypto Agenda A recent bill aiming to allow Americans to use their retirement funds to invest in cryptocurrencies has sparked interest in the crypto community and raised questions about the future of digital assets under President Donald Trump’s administration. The proposed legislation, known as the Crypto Retirement Bill, [...]

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US Lawmaker Warns of Severe Consequences if Musk Violates SEC Rules

House Democrats are considering taking action against billionaire Elon Musk for his recent conflict with the Securities and Exchange Commission (SEC). The SEC has accused Musk of violating a settlement agreement by tweeting about Tesla’s production numbers without approval. This potential move by House Democrats to hold Musk accountable for his actions comes after years [...]

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Democratic Lawmaker Calls on Treasury to Halt Trumps Bitcoin Reserve Proposal

A Democrat has requested Scott Bessent to stop President Trump’s investment in Bitcoin. The move comes amid concerns about the potential risks and implications of the President’s cryptocurrency holdings. The Democrat’s call for Bessent to divest from Bitcoin reflects growing unease over the intersection of politics and digital assets. The concerns raised by the Democrat [...]

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Paxos CEO Calls on US Lawmakers to Implement Cross-Border Stablecoin Regulations

Paxos CEO: U.S. Legislation to Determine Cross-Border Stablecoin Regulation The CEO of Paxos, a leading blockchain and cryptocurrency company, recently discussed the impact of U.S. legislation on the regulation of stablecoins across borders. In a statement, he emphasized the need for clear and inclusive regulations that foster innovation while protecting consumers and maintaining financial stability. [...]

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European Lawmakers Remain Tight-Lipped on US Bitcoin Reserve amidst Digital Euro Initiative

European legislators have kept mum on the suggestion made by former US President Donald Trump to create a national Bitcoin reserve. This silence comes at a time when central bank digital currencies (CBDCs) are gaining momentum globally. Despite Trump’s endorsement of Bitcoin and its potential as a national reserve asset, European lawmakers have refrained from [...]

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EU lawmakers push for stricter rules on anonymous crypto transfers

European Union lawmakers have adopted new draft legislation that would impose a 1000 euro ($1,083) cap on anonymous crypto asset transfers in a bid to combat money laundering and terrorist financing. According to a European Parliament statement published on March 28, the limit would apply to a crypto asset transfer in cases when a customer [...]

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Bill Seeks to Oblige South Korean Lawmakers to Declare Crypto Assets

A new bill requiring South Korean lawmakers to disclose their cryptocurrency holdings has been proposed in Seoul. The legislative initiative comes amid a snowballing scandal surrounding the crypto dealings of an opposition lawmaker whose case has been referred to the parliamentary ethics committee. New Legislation to Introduce Crypto Reporting Requirements for South Korean Parliamentarians Representatives [...]

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Right to Pay With Cash Enshrined in Constitution of Slovakia Amid Digital Euro Fears

A member of the eurozone is amending its constitution in order to guarantee citizens the right to cash payments. The move comes amid growing fears that a digital version of the common European currency may eventually become the only means of payment in the eurozone, despite currently being touted as merely an alternative. Lawmakers in [...]

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Silvergate Bank Voluntary Liquidation Sparks Controversy in Crypto Industry

The recent announcement of Silvergate Bank’s voluntary liquidation has led to a heated debate in the crypto industry, with some lawmakers labeling the sector as “risky” and “volatile.” Crypto executives and commentators have criticized these remarks and suggested that government investigations and legal attacks hastened the bank’s collapse. As Silvergate winds down, some crypto firms are seeking alternative banking partners amid concerns of regulatory crackdowns and proposed tax law changes. (Read More)

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In wake of Terra collapse, South Korea plans new crypto oversight committee: Report

The infamous collapse of Terra may have hastened the creation of a supervision and control entity for virtual assets, which is set to launch in early June.

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US Crypto Lobbyists Try to Calm Stablecoin Collapse Concerns

Following the collapse of TerraUSD and the loss of billions of dollars in the market, crypto industry representatives are trying to assuage concerns from lawmakers about the future of stablecoins.

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Illegal Use of Cryptocurrency Largely a Myth, Russian Lawmaker Says – Regulation Bitcoin News

Only a small share of cryptocurrency transactions have illicit purposes and the use of digital coins in illegal activities is for the most part a myth, a high-ranking Russian lawmaker has recently stated. Andrey Lugovoy, who is one of the deputies working on new crypto regulations, also said Russia can become a global leader in […]

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EU Lawmakers Push to Tighten Laws on Crypto Transfers and Anonymity

As regulatory concerns about the $2.1 trillion crypto sector grow, lawmakers of the European Union have voted in favor of outlawing anonymous crypto transactions.

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Billionaire Mike Novogratz Says ‘People Have Realized Crypto Is Really Popular’ — Expects Softer Stance From Lawmakers – Regulation Bitcoin News

Billionaire Mike Novogratz says he is much more optimistic about the crypto market now than he was a month ago. He explained that bond sell-offs and increased crypto adoption have boosted the prices of cryptocurrencies, particularly bitcoin. “I think you are going to see the Democrats taking a softer stance,” he added. Mike Novogratz Expects […]

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US Lawmaker Says Bitcoin Is Aligned With American Values, Will Strengthen the Dollar – Featured Bitcoin News

U.S. Congressman Pete Sessions says bitcoin is aligned with American values and will strengthen the U.S. dollar. The lawmaker further noted that the cryptocurrency “is trending to be a more resilient alternative option to hedge against fiat-currency inflation.” Rep. Pete Sessions Sees Merit in Bitcoin U.S. Representative Pete Sessions tweeted about bitcoin several times this […]

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US Lawmakers Introduce Bill to Sanction Russia’s Gold – Regulation Bitcoin News

Four U.S. senators are introducing a bill to place sanctions on Russia’s gold. “This legislation would deter the purchase of Russian gold and close this loophole that allows the Russian Federation to soften the financial impact of sanctions,” the senators explained. “By sanctioning these reserves, we can further isolate Russia from the world’s economy and […]

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UK Lawmakers Form Crypto and Digital Assets Group to Ensure Regulation Supports Innovation – Regulation Bitcoin News

U.K. lawmakers have formed the Crypto and Digital Assets Group to ensure that new rules for the crypto industry support innovation. “We are at a crucial time for the sector as global policymakers are also now reviewing their approach to crypto and how it should be regulated,” said the British parliament member who will chair […]

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