US Democrats speak up for CBDC global leadership, Republicans fear ‘dark side’
Despite approaching the issue from vastly different angles, the two sides were able to agree on a few basics as the bill passed out of committee. Go to Source
Legislation
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Blockchain could authenticate AI as crypto racks up court victories: Rep. Emmer
U.S. Rep. Tom Emmer told an audience at Permissionless II that things are looking up for crypto and it’s time to concentrate the narrative on innovation. Go to Source
Fed vice chair Barr gives update on CBDC research, plugs stablecoin legislation
Michael Barr expressed “strong concern” about stablecoins and appreciation of legislative efforts to address them at the Philadelphia Fed’s fintech event. Go to Source
US House Financial Services members scold Fed’s Powell for stablecoin bill obstruction
The committee members suspect the Fed is trying to hold up Congressional efforts to pass stablecoin legislation by restricting banks’ actions. Go to Source
US House Democratic coalition creates AI working group
Representative Derek Kilmer will chair the Artificial Intelligence Working Group, which is aimed at introducing “sensible, bipartisan” policies for AI technology. Go to Source
‘Pro crypto bill’ passes out of US House Agriculture Committee
The Republican bill, dubbed FIT for the 21st Century, was drafted by two House committees and passed after strenuous preparations by members of both parties. Go to Source Powered by WPeMatico
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
US FSC Chairman eyes regulatory clarity for crypto, stablecoin ecosystems
The upcoming FCA meeting is aimed at providing regulatory clarity for the digital asset ecosystem — cryptocurrencies, blockchain development and stablecoin payments. 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
