Digital Advocacy Groups Critical of California Bitcoin Regulation
While members of the bitcoin and blockchain industry have been vocal in their praise for proposed regulation in California, more broadly focused digital advocacy groups are taking a surprisingly critical stance. In the latest bill analysis on AB-1326, filed on 13th July, the Electronic Frontier Foundation (EFF) and Copia Institute entered opposition arguments, a position that places them at odds with bitcoin advocacy firm Coin Center, which has called the newest version "vastly better" in interviews and published materials. The EFF's response, portions of which are now public via the....
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A bitcoin industry think tank continues to be at odds with digital advocacy groups over their stance on pending legislation in California that seeks to regulate digital currencies. On Friday, Coin Center executive director Jerry Brito sought to distance his organization from the Electronic Frontier Foundation (EFF) and Copia Institute, which are opposing the law, AB-1326, on the grounds that it will harm innovation in current form. The bill, introduced in February, most recently passed the Senate Transportation and Housing Committee in July. The EFF and Copia first made their opposition....
California Assemblyman Matt Dababneh has blasted the Electronic Frontier Foundation (EFF) for spreading false information against his Bitcoin bill, AB-1326. Last week, the said Bitcoin advocacy group had called the Californian Bill "premature and technically inaccurate", saying that its significant fees and administrative hurdles would clamp down the growth of young Bitcoin startups in the state. EFF further called out for a no-regulation scenario, for it believed that the digital currency industry is still too young to be regulated. Replying to the criticism, assemblyman Dababneh called....
Chamber of Digital Commerce to host webinar on cryptocurrency regulation. In a recent prediction, Bitcoin venture capitalist Marc Andreessen said that the year 2015 would see greater adoption of cryptocurrency around the world. He saw that happening in response to consumer education and innovation. One of the issues that will also come into sharp focus this year is regulation. Today Friday March 20th, 1:00PM to 2:00PM (Eastern Time), the Chamber of Digital Commerce is organizing a webinar that will bring together players in the cryptocurrency community and other interested groups together....
The highly controversial California AB 1326, often referred to as “California’s BitLicense” has failed to pass in the Legislature. The bill, which would require Bitcoin many Bitcoin businesses operating in California to apply for a state-issued License, failed to pass before the September 11 deadline. The strict nature of the bill has led the Bitcoin community to compare it to New York’s BitLicense, which has forced many Bitcoin businesses to cut off their services to New York. The California Bitcoin bill garnered large amounts of criticism from the Bitcoin community, as well as....
Mt. Gox fell hard, the prices fluctuate, the graphs are sinusoidal, bankruptcy and getting hacked has become a routine. This has been the life of a bitcoin in the last two years. Every time there is something new and powerful, two groups eventually emerge. The Supporters. The Skeptics. Both these groups work against each other and help make things better, together. Bitcoin Foundation. The Support & Advocacy Group in the case of Bitcoins is the Bitcoin Foundation, founded in 2012. The skeptics are everyone who doesn't use Bitcoins yet. Patrick Murck, served as the General Counsel of the....