Tag Archives: US Congress

Designate BTC & Cryptocurrencies as a Separate Asset Class: Bobby Lee Seconds Davidson’s View

US Congressmen Warren Davidson is planning to introduce a new legislation which will create a new unique asset class for the cryptocurrency. And he has found support from Bobby Lee, who took on Twitter to second the thought put forward by the congressman. Bill could get in regulatory clarity towards cryptocurrencies and ICO’s As certain sections of media… Read More »

Crypto Industry Leaders Warn US Congress Over Regulatory Uncertainty

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 BehindThe message came clear during the “Legislating Certainty for Cryptocurrencies” event hosted by Rep. Warren Davidson, as the Ohio Republican… Read More »

Three Pro-Cryptocurrency Bills to Be Introduced to Congress

Three pieces of legislation will be brought before Congress by the co-chair of the Congressional Blockchain Caucus. Their intent is to streamline the growing industry by introducing concise and transparent guidelines for businesses and investors, while also providing a safe harbor for taxpayers who use cryptocurrencies.    Accelerating the Development of Blockchain Tech Congressman Tom Emmer (R-MN) announced… Read More »

Crypto Use Is A ‘Fringe Activity’ Among Terrorists, Says Think Tank

A new report from a Washington, D.C. think tank presented last week argued that cryptocurrencies aren’t well-suited for terrorist financing – while also highlighting the limited success terrorist groups have had attempting to raise funds with the technology. The paper was produced by the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance and was presented during… Read More »

If you Can’t Beat them, Join them – US Congress HODLing Cryptos

US Congress representative Bob Goodlatte has disclosed his cryptocurrency investment of approximately $80,000 in Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH). Other Congress members like Jared Polis are also expected to report his crypto investments. With names like Sen. Mark Warner, Randy Hultgren, Bill Huizenga, and Ted Budd being crypto positive, the market just might be in… Read More »

Centralized Deciding Future of The Decentralized, Questions on Benefits of Cryptocurrency Over Dollar Raised Again

US Govt. lawmakers failed once again to comprehend the basics of cryptocurrencies as the hearing committee discussed questions regarding future of cryptocurrencies as money.   On July 18th Lawmakers in the United States gathered to discuss cryptocurrencies in a hearing known as ‘Digital Currency: The Future of Money.’ And as the testimonies and questions progressed the whole debate… Read More »

US Congressman Calls for Ban on Crypto Buying and Mining

A U.S. lawmaker has called for a blanket ban on cryptocurrency buying. Congressman Brad Sherman is no stranger to controversial statements on the subject – back in March he called cryptocurrencies “a crock” – and during the Wednesday hearing of a subcommittee for the House of Representatives Financial Services Committee, he went so far as to advocate keeping Americans… Read More »

U.S. Lawmakers Call to Halt Crypto Use In Facilitating Illicit Activities

Advertisement The U.S. House of Representatives has passed a bill requiring the Comptroller General of the United States to propose laws and regulations to put an end to drug and sex trafficking after examining how cryptocurrencies and online marketplaces facilitate these activities. The bill, H.R. 6069, sponsored by Rep. Juan Vargas, is titled, “Fight Illicit Networks and Detect… Read More »

US Congressional Members Ordered to Disclose Crypto Holdings

The House Ethics Committee has informed all US Congress members that they must disclose any investment worth more than $1,000 as of June, 18. All lawmakers on Capitol Hill make an annual financial disclosure but a new memo has informed them that any cryptocurrency purchase or sale that exceeds $1,000 must be reported within 45 days. Congress Must… Read More »

Congressional Bill Calls for Study of Crypto Use in Sex Trafficking

Congress is set to consider yet another proposed mandate for a cryptocurrency study, this time in the area of sex trafficking. The House of Representatives Financial Services Committee is introducing a new bill today that, if passed and signed into law, would require the director of the Government Accountability Office (GAO) to open a study on “how virtual… Read More »