What Could Legislation Do for Bitcoin in the US?
A section of US Democrat and Republican congressmen now agree to something about cryptocurrencies: the need for them, as lawmakers, to know more about what it is. According to U.S. Rep. Mick Mulvaney, most of the lawmakers do not know the difference between bitcoin and the blockchain technology hence the formation of the bipartisan Blockchain Caucus last month to help their colleagues stay up to speed on evolving digital currency and blockchain technologies, and develop policies that advance them. “…we really started this caucus as a sort of way to introduce our colleagues and their staff....
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As Bitcoinist reported yesterday, U.S. Representative Don Beyer (D) from the Virginia 8th district presented a new Bitcoin and cryptocurrencies legislation in the U.S. Congress. The Digital Asset Market Structure and Investor Protection Act would integrate digital assets into the state’s financial traditional structures. The legislation seeks to “protect” consumers, prevent money laundering and criminal […]
Switzerland’s largest bank, UBS, expects the United States Congress to take a long time to pass cryptocurrency legislation despite mounting interest in crypto investments and regulators calling for Congress to weigh in on crypto legislation.
Congress Could Take a Long Time on Crypto Legislation
The largest bank in Switzerland, UBS, published its view on U.S. crypto legislation Friday after the House of Financial Services Committee held a lengthy hearing on the regulation of cryptocurrencies and stablecoins last week.
The Swiss bank’s U.S. Office of....
U.S. Congressman Jim Himes says that Congress is not ready to pass cryptocurrency legislation anytime soon, citing a lack of deep understanding of cryptocurrencies among lawmakers. “There’s going to be a lot of discussion in the coming years about ways to regulate” cryptocurrencies, said the congressman. Crypto Legislation Not Expected From Congress Anytime Soon U.S. Representative Jim Himes has revealed some discussions Congress is having regarding cryptocurrency legislation in an interview with Yahoo Finance Friday. The Connecticut representative serves as the chair of....
U.S. Congressman Jim Himes says that Congress is not ready to pass cryptocurrency legislation anytime soon, citing a lack of deep understanding of cryptocurrencies among lawmakers. Congress Won’t Pass Crypto Legislation Anytime Soon In an interview with Yahoo Finance on Friday, U.S. Representative Jim Himes revealed some of the debates going on in Congress about […]
It is important to note this Bitcoin legislation is not all negative, though. Chamber of Digital Commerce president Perianne Boring is a public supporter of this new law. Bitcoin and regulation are two topics that will hardly ever go hand-in-hand these days. North Carolina Governor Pat McCrory has been signing a lot of legislative proposals as of late. Among these guidelines is a new set of Bitcoin legislation, allowing banks to “better regulate” the cryptocurrency in the state. So far, regulatory efforts for the Bitcoin space have not been overwhelmingly positive. BitLicense in New York....