Two more crypto bills in the US: Law Decoded, July 17–24
Last week was marked by two new legislative initiatives for the crypto industry in the United States. Go to Source Powered by WPeMatico
Congress
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US GAO says lack of interagency cooperation needs to be addressed in crypto regulation
In a report requested by Rep. Maxine Waters, the country’s top watchdog is carefully neutral but dissatisfied with agencies’ abilities to work together. Go to Source Powered by WPeMatico
Congressman Warren Davidson calls to ban and criminalize CBDCs
“Money should not be programmable by a central authority,” argues Republican Representative Warren Davidson. Go to Source Powered by WPeMatico
US House Republican committees introduce joint digital assets bill
The House Agriculture and Financial Services Committees have been working together all year on a bill to rival Lummis and Gillibrand’s RFIA. Go to Source Powered by WPeMatico
Bipartisan bill to regulate DeFi, crypto security risks, introduced into US Senate
The bill was introduced in the evening and has not been published yet, but it is already causing a stir. Crypto Twitter calls it a “nonstarter.” Go to Source Powered by WPeMatico
Congressman Torres demands an investigation of the SEC’s deal with Prometheum
The United States Securities Exchange Commission might be investigated for a “haphazard and heavy-handed approach to digital assets.” Go to Source Powered by WPeMatico
US lawmakers allege CCP connection in calling for SEC, DoJ investigation of Prometheum
Republican members of Congress stepped up their allegations of Prometheum’s ties to the Chinese Community Party, claiming potentially false or misleading statements to the SEC. Go to Source Powered by WPeMatico
‘Who the hell’ is Prometheum and what did it say to Congress about SEC compliance?
A testimony given at a U.S. House hearing by the blockchain firm’s co-founder Aaron Kaplan has drawn the attention of those in the crypto space. Go to Source Powered by WPeMatico
US lawmaker invokes SEC lawsuits in considering crypto regulatory framework
According to Rep. Maxine Waters, granting crypto firms provisional registration under a proposed framework “could reward bad actors with a ‘get out of jail free’ card”. Go to Source Powered by WPeMatico
US senators propose AI bills for transparency and innovation
The bipartisan bills target government transparency when using AI and the formation of a new Office of Global Competition Analysis to stay on top of innovation. Go to Source Powered by WPeMatico