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“# US lawmaker purchases exposure to Bitcoin through Grayscale shares ” Illinois Representative Marie Newman has disclosed she purchased up to $50,000 in exposure to crypto through shares of Grayscale Bitcoin Trust. According to a financial disclosure report filed with the U.S. House of Representatives on Wednesday, Congressperson Newman bought between $15,001 and $50,000 of…
“#Dems’ $1.9T spending bill likely most expensive bill of past 50 years” More than eight months after its enactment, the $1.9 trillion American Rescue Plan continues to reveal itself as the most damaging spending bill enacted in decades. ARP was initially promoted primarily as health-care legislation to finance COVID vaccines and treatments (even though just…
“#Instagram boss Adam Mosseri grilled at Congressional hearing” Instagram boss Adam Mosseri took the hot seat Wednesday to defend the social media app from growing bipartisan anger over its potential harm to young users. Facing pressure from lawmakers to detail specific concessions, Mosseri, 38, refused to budge and defended his company, which has faced a…
“# US is ‘unquestionably’ behind the curve on crypto ETFs, says Brian Brooks ” Bitfury CEO and former Acting Comptroller of the Currency Brian Brooks has hinted the regulatory environment in the United States could drive many crypto firms outside the country, and has already stymied companies attempting to offer a variety of financial products….
“# Crypto CEOs request Congress provide regulatory clarity at hearing on digital assets ” The House Committee on Financial Services heard from several chief executive officers at major crypto firms in the United States, some of whom seemed to present a united front in urging lawmakers to provide a clear regulatory framework for crypto. Speaking…
“# House memo details Congress’ priorities ahead of crypto CEO hearing ” The United States House Committee on Financial Services released a memorandum detailing the points of discussion during the hybrid hearing on digital assets, to be held today at 10:00 a.m. ET. Addressing the members of the Financial Services Committee, the memo confirmed that…
“#House passes National Defense Authorization Act” The House passed the compromise version of the 2022 National Defense Authorization Act on Thursday, providing $25 billion more than President Biden’s request for Defense spending. The $768 billion measure looks to allocate $740 billion toward Department of Defense programs, $27.8 billion for Department of Energy national security programs…
“#Major antitrust adversary in Congress has daughter on Google’s legal team” US Rep. Zoe Lofgren — a Democrat who’s one of the most vocal opponents of antitrust bills now winding their way through Congress that would target Big Tech — has a daughter who works on Google’s legal team. That’s a conflict that is stymying…
“# Law Decoded: Bitcoin exchange-traded funds are put on the spot again, Nov. 29–Dec. 6 ” Do you remember the time when a fleeting mention of Bitcoin, stablecoins or even central bank digital currencies by a top-ranking government official was considered major news all over the cryptoverse? Feels like it’s been forever. As we find…
“# FTX releases crypto regulation proposals before US congressional hearing ” Bahamian-based cryptocurrency exchange FTX released a list of principles and proposals to help policymakers build the regulatory framework. The policy recommends the market-structure choices made by several leading crypto exchanges and suggests its implementation across all jurisdictions. FTX shared the “FTX’s Key Principles for…