Crypto in the House: Execs on the march, US partisan politics and Web3
A largely proclaimatory meetup generated a positive response, with the industry appearing ready for a busy new year on the Hill. Go to Source Powered by WPeMatico
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Witnesses offer differing opinions on approach to stablecoins at congressional hearing
Every witness who appeared in front of the committee seemed to have their own rallying cry for U.S. lawmakers, from calling for greater KYC/AML compliance to “avoid policies that encourage the growth of stablecoins.” Go to Source Powered by WPeMatico
‘DeFi is the most dangerous part of the crypto world,’ says Senator Elizabeth Warren
The U.S. lawmaker claimed that the value of stablecoins would “take a nosedive,” with small investors largely feeling the effects of a potential downturn. Go to Source Powered by WPeMatico
Law Decoded: A different Congress hearing, Dec. 6–13
Direct exchanges between U.S. lawmakers and the crypto industry could be finally taking a constructive turn. Go to Source Powered by WPeMatico
US lawmaker purchases exposure to Bitcoin through Grayscale shares
Congressperson Marie Newman bought between $15,001 and $50,000 of GBTC in addition to up to $215,000 in Coinbase Global’s COIN shares. Go to Source Powered by WPeMatico
US is ‘unquestionably’ behind the curve on crypto ETFs, says Brian Brooks
Brian Brooks proposed regulators treat crypto in much the same way as traditional financial institutions rather than creating an entirely new body to create a single framework for digital assets. Go to Source Powered by WPeMatico
Crypto CEOs request Congress provide regulatory clarity at hearing on digital assets
“We don’t need knee-jerk reactions by lawmakers to regulate out of fear of the unknown rather than seeking to understand,” said Representative Patrick McHenry. Go to Source Powered by WPeMatico
House memo details Congress’ priorities ahead of crypto CEO hearing
The hearing on digital assets will involve discussions around four key aspects: crypto exchanges, stablecoin offerings, regulatory concerns in digital assets and federal regulatory responses. Go to Source Powered by WPeMatico
AOC Says She Doesn’t Hold Bitcoin so the Lawmaker ‘Can Do Her Job Ethically’
Alexandria Ocasio-Cortez, otherwise known as AOC, is a New York representative well known for her political stances and statements. The Democrat believes that it is “absolutely wild” that U.S. representatives can buy and swap popular stocks. AOC also thinks it’s not ethical for members of Congress to own cryptocurrencies. AOC Doesn’t Hold Crypto Because She … Read more
Law Decoded: Bitcoin exchange-traded funds are put on the spot again, Nov. 29–Dec. 6
The Securities and Exchange Commission’s continued resistance to spot Bitcoin ETFs draws industry players’ ire. Go to Source Powered by WPeMatico