Senate Bill Classifying Bitcoin As A Digital Commodity To Be Introduced Today...
The bill seeks to empower the CFTC to regulate bitcoin as a digital commodity while excluding securities from also falling under the same category.A new bill classifying bitcoin as a digital commodity could be introduced today. This move would empower the current watchdog of derivatives and future markets, the CFTC, to gain regulatory jurisdiction over bitcoin.The bill seeks to expand on previous definitions in the bitcoin ecosystem while also excluding securities from being digital commodities. Leaders of the Senate Agriculture Committee (SAC) are planning to introduce a bill that would....
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The bill defines digital commodities and requires registration of digital commodities platforms by the CFTC, with language that needs tightening. United States Senate Agriculture Committee chair Debbie Stabenow and ranking member John Boozman introduced the Digital Commodities Consumer Protection Act bill on Wednesday. The bill has been expected for several months. Like the Digital Commodities Exchange Act (DCEA) introduced into the House of Representatives by members of the House Agriculture Committee in April, the new bill enlarges the role of the Commodity Futures Trading Commission....
A controversial bill to ban the use of cash for transactions over $10,000 has been voted out by the Australian Senate A bill proposed by Australian lawmakers to ban the use of cash for transactions over $10,000 has been killed by a unanimous Senate vote. One Nation Senator Malcolm Roberts brought the motion to remove the bill today after more than a year of trenchant opposition to it from a cross section of the community, including cryptocurrency proponents. Many saw it as infringing on Australians’ rights and freedom to use cash and to protect the privacy of their transactions. Early....
The man behind a new bill before the Tennessee Senate is seeking to ensure that the Federal Election Commission's (FEC) approval of bitcoin campaign donations will be honored in the southern US state. Introduced on 18th February by state Senator Steven Dickerson, a Republican from Nashville, the aim of Senate Bill 647 is to amend Tennessee Code to accommodate digital currency as an approved payment method. The bill would effectively add "digital currency" so that it is considered a valid monetary contribution to campaigns. Addressing why the bill is necessary, Dickerson painted the measure....
The senators introduced new approaches to familiar questions concerning digital assets and decide how to divide regulatory responsibilities. It was first reported before Christmas that Wyoming Senator Cynthia Lummis planned to introduce a comprehensive crypto regulation bill. The Republican Lummis was already known for her pro-crypto stance and announced right away that she was looking for a Democratic co-sponsor. New York Senator Kirsten Gillibrand, who had not previously been known to have a strong position on cryptocurrency, was named as the co-sponsor in March. The highly awaited....
Senators in the state of Nevada have fully supported a blockchain bill that would prevent a local government from taxing or imposing restrictions upon the use of a blockchain. SB 398 was first filed by Ben Kieckhefer on March 20, the bill was introduced to ensure that the State keeps up with the advancements of technology in addition to establishing a legal framework for people utilizing a blockchain and not to do so in a legal gray area. Over a month since the bill was first introduced, senators in the state of Nevada advanced the bill with full backing with a 21-0 vote. During the Senate....