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“# U.S. Congressman wants to scrub bill provision that crypto advocates say is a potential disaster ” North Carolina Representative Ted Budd submitted an amendment to the omnibus America COMPETES Act of 2022, specifically targeting the provision that would allow the Treasury Department to impose “special measures,” including surveillance and outright prohibitions, against “certain transmittals…
“# House members urge US treasury secretary to clarify definition of broker in infrastructure law ” A bipartisan group of members from the U.S. House of Representatives called on Treasury Secretary Janet Yellen to clarify the language in the infrastructure bill signed into law in November around the definition of “broker.” In a Wednesday letter,…
“# U.S. Congressman calls for ‘Broad, bipartisan consensus’ on important issues of digital asset policy ” In a letter to the leadership of the United States House Financial Services Committee, ranking member Patrick McHenry took a jab at “inconsistent treatment and jurisdictional uncertainty” inherent in U.S. crypto regulation and called for the committee to take…
“#Amazon endorses bill legalizing marijuana on federal level” Amazon has endorsed a Republican-backed bill in Congress on Tuesday that would legalize marijuana on a federal level, leaving states to decide whether to prohibit or regulate it. Rep. Nancy Mace’s (R-SC) States Reform Act would remove cannabis as a federal Schedule I substance and introduce a…
“# House members call for an end to lawmakers trading stocks — is crypto next? ” Congresspeople currently HODLing or actively trading in crypto may have to stop doing so while in office if recent pushes to ban lawmakers from investing in stocks gain enough support. In a Monday letter addressed to Speaker Nancy Pelosi…
“# Lawmakers explore Bitcoin mining efficiency, broader crypto policy issues during Congress hearing ” On Jan. 20, the Oversight and Investigations subcommittee of the U.S. Congress House Energy and Commerce Committee convened a hearing to investigate the environmental effects of cryptocurrency mining. Despite the narrow focus, the conversation that ensued – which many industry experts…
“# Former pro-crypto CoC Brian Brooks to testify in a House hearing on the energy impacts of mining ” As U.S. Congress is preparing to take a thorough look at the energy use of crypto mining, the list of witnesses for the Thursday hearing contains more proponents of blockchain technology than its outright critics. The…
“# Early birds: U.S. legislators invested in crypto and their digital asset politics ” According to some estimates, as many as 20% of Americans were invested in cryptocurrencies as of August 2021. While the exact number can vary significantly from one poll to another, it is clear that cryptocurrencies are no longer just a niche…
“# Law Decoded: First-mover advantage in a CBDC conversation, Jan. 10–17 ” Last week saw an unlikely first move in the opening narrative battle around a prospective U.S. central bank digital currency: Congressperson Tom Emmer came forward with an initiative to legally restrict the Federal Reserve’s capacity to issue a retail CBDC and take on…
“#Carville advises Democrats to ‘quit being a whiny party’” Longtime Democratic strategist James Carville said members of his party “whine too much” as he urged them to “gloat” about their successes leading into the 2022 midterm elections. “Just quit being a whiny party and get out there and fight and tell people what you did,…