“EPA Should Study the Benefits of Digital Assets Mining”- Says US House Committee

-The EPA is requested in a letter from the US House Committee to investigate the possible advantages of mining digital assets. Patrick McHenry, the chairman of the House Financial Services Committee, US Senator Cynthia Lummis, and 12 other Republicans contributed to the letter’s creation. In the letter, Michael Regan, the head of the Environmental Protection Agency, is […]

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First U.S. House Hearing On Bitcoin Mining Shows Misunderstandings

A lack of knowledge on proof of work prevailed by most Representatives as they questioned the energy use of bitcoin mining.

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US House Committee to Discuss Stablecoin Regulation

The US House of Representatives Committee on Financial Services will conduct a hearing on stablecoin regulation on April 19th, following the introduction of a draft bill on stablecoin regulation. The hearing will include testimonies from experts, including Austin Campbell, a managing partner at Zero Knowledge Consulting and adjunct professor at Columbia Business School, who believes stablecoins will expand the reach of the US dollar and increase financial inclusion. (Read More)

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Georgia Rep. Marjorie Taylor Greene Criticizes Fednow Project, Pushes for Return to Gold Standard

On Wednesday, Marjorie Taylor Greene (MTG), a Republican member of the U.S. House of Representatives, shared an article about the Federal Reserve’s Fednow project and criticized the central bank’s digital currency efforts. The representative from Georgia insisted that the U.S. should return to the “gold standard” and said she’s taking a “hard pass” on digital [...]

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US House to Hold Joint Hearings on Digital Assets

The House Financial Services Committee, Agriculture Committee, and subcommittees will hold joint hearings in May on establishing a bill to provide regulatory clarity to the digital asset ecosystem. The hearings will focus on addressing the market structure and striking a balance between protecting consumers and promoting responsible innovation. The goal is to report a bill out that deals with the capital raising piece for digital assets, all the way through to how a product can go from a securities regime to commodities regime, while preserving rights around products that do not fit into either regime. (Read More)

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