US lawmakers push forward bill to ban central bank digital currencies

In a recent move, legislators in the United States have approved a bill that aims to counter the potential development of a Central Bank Digital Currency (CBDC) by the government. The decision to move forward with this anti-CBDC bill comes amidst growing concerns about the implications and impact of a state-backed digital currency. The bill, [...]

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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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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.

Continue reading US Crypto Lobbyists Try to Calm Stablecoin Collapse Concerns at DailyCoin.com.

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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 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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CEOs Testify on Bitcoin Before U.S. Lawmakers

Executives said Bitcoin and cryptocurrencies are fundamentally different from the traditional system and need new rules.

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House Lawmakers Reject Montanas Bitcoin Reserve Bill, Signaling Shift in Crypto Regulation

The Bitcoin Reserve Bill in Montana did not pass in the House as it failed to secure enough votes for approval. This setback comes as a disappointment to proponents of the bill who had hoped to establish a state-run Bitcoin reserve to secure and manage the state’s cryptocurrency holdings. The bill aimed to create a [...]

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Tether Collaborating with US Lawmakers to Influence Stablecoin Policy, According to Report

Tether Collaborating with U.S. Authorities on Stablecoin Regulations Tether, one of the leading stablecoin issuers, is engaging with U.S. regulators to establish policies for stablecoins. This collaboration aims to ensure the stability and legitimacy of digital assets in the cryptocurrency market. By working closely with regulatory authorities, Tether seeks to enhance transparency and compliance within [...]

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US Senators Slam SEC for Operating in Unethical and Unprofessional Manner in Debt Box Case

Five U.S. senators have expressed their concerns to the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, regarding the agency’s enforcement action against crypto firm Debt Box. The court found that the SEC made “materially false and misleading representations.” The lawmakers stressed: “We are greatly concerned by the Commissions conduct in this [...]

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Russian Parliament Votes on Bill Opening Door for Digital Ruble

Russian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble. The legislation amends various other acts to introduce definitions and establish procedures related to the launch of the central bank digital currency. Russian State Duma Passes Digital Ruble Draft Law on First Reading The lower [...]

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US Lawmakers Call on Congress to Pass Crypto Law Following SEC v Ripple Ruling on XRP

Several U.S. lawmakers have called on Congress to pass crypto legislation following the court ruling on the U.S. Securities and Exchange Commission (SEC) v. Ripple case regarding XRP. “Gary Gensler’s SEC cannot continue to pursue its regulation by enforcement approach, which only harms investors and creates uncertainty,” said one lawmaker. US Lawmakers Call on Congress [...]

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