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Tag Archives: Congress

‘Dr. Doom’ Nouriel Roubini to Take on Crypto at US Congress Hearing Today

American economist Nouriel Roubini has prepared his “debunking” of the crypto and blockchain space in a 30-page testimony set to be delivered at a U.S. congress hearing. The hearing will be held today, Oct. 11 by the U.S. Senate Committee on Banking, Housing and Urban Affairs, and is devoted to “Exploring the Cryptocurrency and Blockchain Ecosystem.” Roubini will testify in ...

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15 Congress Members Ask SEC to Clarify Cryptocurrency and ICO Rules

More than a dozen members of Congress have signed a letter asking Securities and Exchange Commission (SEC) Chairman Jay Clayton to clarify the guidelines the agency uses to determine whether cryptocurrency assets are securities under federal law. The letter, which according co-signer Rep. Ted Budd (R-NC) has already been signed by 15 lawmakers across the political spectrum, tells Chairman Clayton ...

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U.S. Congress Nixes Bill For Crypto Task Force

A bill that seeks to create a task force to combat the use of cryptocurrency in financing terrorism has just passed the House of Representatives. House Resolution 5036 (H.R.5036), which purports to establish the “Independent Financial Technology Task Force,” was sent to the House of Representatives on Wednesday, September 26, 2018, before it passed an unanimous voice vote and has ...

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U.S. Congress Nixes Bill For Crypto Task Force

The U.S. Congress has nixed a bill that looked to create a task force to combat the use of cryptocurrency in financing terrorism. House Resolution 5036 (H.R.5036), which purported to establish the “Independent Financial Technology Task Force,” was sent to the House of Representatives on Wednesday, September 26, 2018, for consideration. At the time it was introduced by Representative Ted ...

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Crypto figures meets US Congress for regulation clarity on ICO and cryptocurrencies

Over 50 representatives from the crypto, Wall Street and venture capital firms traveled to Washington DC on Tuesday with a clear message for the US Congress: regulate or watch the innovation leave the country. The US Will Be Left Behind The message came clear during the “Legislating Certainty for Cryptocurrencies” event hosted by Rep. Warren Davidson, as the Ohio Republican ...

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US Congress Holding Roundtable With Industry Insiders to Draft Growth Promoting Regulations

Facing a murky regulatory landscape in the U.S., representative Warren Davidson, R-Ohio, is hosting a roundtable Tuesday that includes representatives from Wall Street, venture capital firms, government regulators, and cryptocurrency industry insiders in attempts to draft policy that doesn’t stifle growth. Crypto Regulation to Be Discussed by Insiders as Well as Government Regulators The discussions, “Legislating Certainty for Cryptocurrencies,” will ...

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U.S. Lawmaker Introduces 3 Pro-Cryptocurrency Bills to Congress

On Friday, Sept. a U.S. member of Congress announced that he will introduce three new bills aimed at supporting the development of blockchain technologies, as well as the use of cryptocurrency, within the United States. Rep. Emmer: U.S. Must Support Blockchain Development According to Rep. Tom Emmer (R-MN), the initiator of this bold move, the U.S. needs to pass favorable legislation to ...

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Bitcoin Not Useful for Terrorists, Expert Tells US Congress

Despite scattered reports and fears about crypto’s potential use in facilitating terror activities, multiple bitcoin fundraising attempts have failed and cash remains substantially more useful to terrorists. This was the message delivered by Yaya Fanusie, director of analysis for the Foundation For Defense of Democracies Center on Sanctions and Illicit Finance in a prepared testimony delivered to the House Financial Services Committee ...

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Coin Center Calls for Congress to Give U.S. Taxpayers Safe Harbor on Bitcoin Hard Forks

Cryptocurrency industry non-profit research and advocacy organization Coin Center is calling for Congress to enact legislation that will provide bitcoin investors with safe harbor on federal taxes incurred as the result of software forks. Writing in a post published on the Washington, D.C.-based organization’s blog, executive director Jerry Brito argued that cryptocurrency investors who have made a good-faith effort to ...

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