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Following President Joe Biden’s veto of the resolution to overturn the U.S. Securities and Exchange Commission (SEC)’s controversial crypto rules in SAB 121, U.S. lawmakers in both the Senate and House of Representatives have intensified their efforts to pass the landmark crypto bill, the Financial Innovation and Technology for the 21st Century (FIT21) Act. ‘Senate … Read more
The crypto-regulating bill is headed to a cloudy future in the Senate with no companion bill and faces one of the country’s most prominent crypto critics. Go to Source
U.S. President Joe Biden said he intended to veto the joint resolution aimed at overturning an SEC rule requiring banks to keep customers’ digital assets on its balance sheets. Go to Source
Following the U.S. House of Representatives passing a resolution to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121), Senator Cynthia Lummis has urged the Senate to do the same. The resolution aims to prevent regulatory overreach that makes it prohibitive for financial institutions to hold customers’ digital assets. Critics, including House Financial Services Committee … Read more
Senators Elizabeth Warren and Bill Cassidy are asking federal agencies about their technical capacity to combat crypto payments in the sale of child abuse material. Go to Source
Warren’s Digital Asset Anti-Money Laundering Act would shut crypto providers down — playing into the hands of the banking industry. Go to Source
Elizabeth Warren continues pressing for tighter regulation, and Vivek Ramaswamy promises to defend crypto from the government’s overreach if elected. Go to Source
Even if approved by Nov. 17, the spot Bitcoin ETFs are unlikely to come to market for at least a month after approval. Go to Source
Senator Elizabeth Warren announces the expansion of her coalition to crack down on “crypto’s use in money laundering, drug trafficking, sanctions evasion.” Go to Source
Senators Richard Blumenthal and Josh Hawley’s framework emphasizes that technology companies cannot rely on liability protections to shield them from legal actions. Go to Source
