South Korean prosecutors seek 6 months for lawmaker who allegedly hid crypto
National Assembly member Kim Nam-kuk left South Korea’s Democratic Party in 2023 after allegations of cashing out $4 million in crypto holdings. Go to Source
Government
Auto Added by WPeMatico
US lawmakers cancel session to consider Caroline Crenshaw’s nomination
The update to the calendar makes it unlikely lawmakers will be able to vote on the SEC commissioner’s nomination before the next session of Congress. Go to Source
Canada’s finance minister resigns, citing ‘serious challenges’ from US
Chrystia Freeland said she would remain a member of Canada’s parliament but had resigned from Prime Minister Justin Trudeau’s cabinet. Go to Source
Japanese lawmaker ‘Satoshi’ questions gov’t plans for Bitcoin reserve
Satoshi Yamada asked the Japanese government whether it could “convert part of its foreign exchange reserves” into Bitcoin or another token. Go to Source
French Hill poised to chair House Financial Services Committee in 2025
The Arkansas Representative is expected to take over leadership at the House committee crucial to digital asset policy following the departure of Patrick McHenry. Go to Source
Interest groups call on US Senate to confirm Caroline Crenshaw to SEC
A letter sent to the Senate signed by more than 40 organizations suggested that Donald Trump might not abide by tradition and nominate Democrats to the SEC at all. Go to Source
Texas lawmaker proposes bill to establish strategic Bitcoin reserve
The draft legislation suggested that Texas residents could fund the Bitcoin reserve through voluntary donations. Go to Source
Sherrod Brown’s final committee message includes a crypto warning
In likely his last committee hearing before leaving office in January, the Ohio senator suggested a looser approach to digital assets could only benefit the “corporate elite.” Go to Source
US Dems choose leadership for committees crucial to crypto policy
Republican lawmakers are also expected to choose leadership roles for Senate and House committees soon. Go to Source
Nevada adds blockchain security in wake of fake electors fiasco
The announcement’s timing is noteworthy, with the 2024 US presidential race having finished a month prior. Go to Source