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Tag Archives: Committee

Chair of House Judiciary Committee Discloses Ownership of Cryptocurrency

The chair of the Judiciary Committee of the U.S. House of Representatives may be the first member of Congress to disclose that he owns cryptocurrency, Sludge reports Aug. 6. Congressman Bob Goodlatte (R-VA) reported that he owns between $17,000 and $80,000 in digital currency in his annual Financial Disclosure Statement. Goodlatte filed the statement on May 10, a month before ...

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Coinbase Now Has Its Own Political Action Committee

San Francisco-based cryptocurrency exchange and wallet provider Coinbase has created its own political action committee (PAC), according to documents made public today, July 20. In the U.S., PACs are organizations that pool campaign contributions from members with similar policy and political goals and subsequently donate them to political campaigns for or against candidates, legislation, or ballot initiatives. PACs must register ...

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Crypto Presents a Challenge Beyond Hard and Fast Asset Classifications, Say Speakers at US House Committee Hearing

Witnesses before the U.S. House of Agriculture Committee at a public hearing July 18 were unanimous in their view that digital assets complicate the hard and fast distinctions of existing regulatory frameworks. The hearing was chaired by Texas U.S. Representative Michael Conaway, who convened six eminent witnesses to give testimony — former Goldman Sachs partner and U.S. government regulator Gary ...

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Crypto Sector Too Small to Affect German Financial Stability, Says Gov’t Committee

A report from the Financial Stability Committee (AFS) of the German Bundestag has found that cryptocurrencies do not pose a threat to the country’s financial stability, Cointelegraph auf Deutsch reports June 27. The study notes high volatility in crypto markets and states that “they lack general acceptance and transaction costs are often relatively high”: “As the sector is still small ...

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Malaysian Gov’t Committee Partners With Korean Lab to Develop Sharia-Compliant Blockchain

South Korean blockchain lab IncuBlock has signed a Memorandum of Understanding (MOU) with a Malaysian government advisory committee for blockchain tech development permissible under Sharia law, local news outlet IT World reported yesterday, June 18. Blockchain tech has previously been used in terms of tracking halal foods, as UK-based HALAL TRAIL has begun using blockchain to track livestock and fresh ...

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Government Committee Plans to Make ICOs Legal Again

South Korea plans to pursue the road to re-legalizing initial coin offerings (ICOs), local news media reported May 29, citing government officials. According to Business Korea, a National Assembly committee dedicated to studying the so-called ‘Fourth Industrial Revolution’ said it would seek to enhance the legal “basis” of cryptocurrency in the country, part of which would be reversing the ICO ...

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Russia’s Digital Economy Bill Supported by State Duma Committee in Move Towards Crypto Regulation

Russian State Duma’s Committee for Legislative Work will support the first reading of an initiative that will add the basic norms of digital economy to the Russian Federation Civil Code.  This is the latest step on the road to regulating cryptocurrency in the country, local news outlet Izvestia reports Wednesday, May 16. Pavel Krasheninnikov of political party United Russia and ...

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IT Ministry To Create Committee For Blockchain Standards, Domestic And International

The Chinese Ministry of Industry and Information Technology (CMIIT) has published a list of objectives to encourage the development and standardization of the technology sector, including Blockchain, according to a document released March 23. The document begins with an objective to “promote the establishment of […] the National Blockchain Distributed Accounting Technology Standardization Committee” and further states that the committee ...

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