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” Draft US stablecoin bill would ban new algo stablecoins for 2 years “ Draft legislation in the United States House of Representatives would place a two-year ban on new algorithmic stablecoins such as TerraClassicUSD (USTC) which de-pegged from the US dollar earlier this year causing widespread crypto market contagion. The bill would criminalize the…
” Australian senator drafts bill aimed at stablecoin, digital yuan regulation “ Australian Liberal Senator Andrew Bragg has released a new draft bill aimed at clamping down on digital asset exchanges, stablecoins, and China’s central bank digital currency, the e-Yuan. In a statement on Sept. 18, Senator Bragg stated that “Australia must keep pace with the…
” Lummis-Gillibrand crypto bill likely deferred to next year “ The major bipartisan crypto bill led by U.S. Senators Cynthia Lummis (Republican) and Kirsten Gillibrand (Democrat) will most likely be deferred to next year according to the duo. Speaking during Bloomberg’s Crypto Summit on July 19, the Senators stated that there is a slim chance that…
” Compass Mining loses facility after allegedly failing to pay power bill “ Bitcoin (BTC) mining hardware and hosting company Compass Mining has lost one of its Maine-based hosting facilities after the owner, Dynamics Mining, terminated the hosting agreement between the two, claiming Compass failed to pay the required bills. Dynamics posted on Twitter late…
“GOP Sen. Lee tells colleagues to hold off on gun bill support” A top Republican senator warned his fellow lawmakers Sunday against throwing their support behind the framework of new gun control legislation until the actual bill text has been hammered out. “There is still no deal, and yet we continue to be asked by…
” President of Panama shoots down crypto bill citing FATF guidelines “ Panama’s President Laurentino Cortizo has partially vetoed Bill No. 697 dubbed the “crypto bill” saying it requires more work to better fit Panama’s financial regulations. President Cortizo previously warned in May he wouldn’t sign the bill unless it included additional Anti-Money Laundering rules…
” SEC boss worries crypto bill undermines financial protections “ United States Securities and Exchange Commission (SEC) Chairman Gary Gensler said he’s worried that a proposed bill to create a regulatory framework for cryptocurrencies could weaken investor protections in the traditional financial market. Speaking at The Wall Street Journal’s CFO Network Summit on June 14…
” Gillibrand and Lummis state that most altcoins are securities “ Senators Kirsten Gillibrand and Cyntia Lummis believe that most altcoins would likely be considered securities under their proposed new legislation — but confirmed that Bitcoin (BTC) and Ether (ETH) will be classified as commodities. Lummis and Gillibrand both agreed with Securities and Exchange Commision…
“Albany pols fail to pass bill that would seal criminal convictions” In a big blow to Albany lefties, a controversial bill that would seal most New Yorkers’ criminal convictions failed to pass before the state legislative session concluded Saturday morning. Although lawmakers worked throughout Friday night passing other legislation, the state Assembly let the so-called “Clean Slate Act” expire….
” UK Treasury en route to legalizing stablecoins amid Terra’s UST crash “ United Kingdom’s Department of Treasury, or Her Majesty’s Treasury, has reportedly decided to go ahead with regulating stablecoins as legal tender. While welcomed by the crypto community, the decision comes as a shocker due to its proximity to the recent fall of one…