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Robert Reich, former secretary of labor in the U.S., has called for the government to bypass Congress in order to raise the debt ceiling unilaterally. Reich states that the constitution of the U.S. gives President Biden the faculty of ignoring this debt limit, declaring it unconstitutional — explaining its existence is less significant than the … Read more
Representatives Alexandria Ocasio-Cortez and Matt Gaetz — lawmakers diametrically opposed on a variety of issues — joined forces to stop congressional members from trading stocks. Go to Source Powered by WPeMatico
Florida governor Ron DeSantis reiterated his call for a ban on central bank digital currencies (CBDCs) during a visit to Jacksonville on Tuesday. Last March, DeSantis pushed for legislation to prohibit a CBDC in Florida. At Tuesday’s event called “Government of Laws, Not Woke Politics,” he stated that if the U.S. Federal Reserve or Treasury … Read more
The legislators objected to a chapter of the president’s annual report that they believe diminished the role of Congress and could damage the economy with its hostility to digital assets. Go to Source Powered by WPeMatico
Gensler was reluctant to go into details and faced symbolical pressure rather than genuine attempts to interrogate, leaving the crypto industry without any new clarity. Go to Source Powered by WPeMatico
A range of speakers addressed issues of agency turf wars and regulator fitness in hearings on regulatory gaps. Go to Source Powered by WPeMatico
The lawmakers see a “coordinated strategy” to deny the digital asset industry access to banking that is not related to a desire to protect banks. Go to Source Powered by WPeMatico
In a court case linked to the now-defunct crypto exchange Gatecoin, a Hong Kong judge has ruled that cryptocurrencies are “property” which is “capable of being held on trust.” According to the law firm Hogan Lovells, this case should provide greater clarity to insolvency practitioners and other common law jurisdictions. Hong Kong Judge Designates Crypto … Read more
Lawmakers didn’t reach a consensus between political parties on a stablecoin bill, as one witness warned this lack of regulatory clarify could drive certain projects abroad. Go to Source Powered by WPeMatico
Five experts will testify at a hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation,” with two of them releasing their scripts in advance. Go to Source Powered by WPeMatico
