Republican leadership has blamed the Biden administration for not having a “sense of urgency” on stablecoins, while the Democratic response suggested “impatience” by lawmakers.
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Republican leadership has blamed the Biden administration for not having a “sense of urgency” on stablecoins, while the Democratic response suggested “impatience” by lawmakers.
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On July 26, six pieces of legislation were being considered by the House Financial Services Committee including ones on regulatory clarity and consumer protection in the space.
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Last week was marked by two new legislative initiatives for the crypto industry in the United States.
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In a report requested by Rep. Maxine Waters, the country’s top watchdog is carefully neutral but dissatisfied with agencies’ abilities to work together.
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“Money should not be programmable by a central authority,” argues Republican Representative Warren Davidson.
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The House Agriculture and Financial Services Committees have been working together all year on a bill to rival Lummis and Gillibrand’s RFIA.
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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.”
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The United States Securities Exchange Commission might be investigated for a “haphazard and heavy-handed approach to digital assets.”
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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.
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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.
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