Legislators: “Bitcoin has Broad Benefits for Hawaii”
Democratic representatives Mark Nakashima and Chris Lee from Hawaii have sponsored a bill in hopes of creating a friendly environment for Bitcoin and blockchain technology in the island state. The proposed legislation encourages using these technologies to benefit the local region’s tourism. Hawaii’s House Bill 1481 Sees ‘Vast Potential’ in Digital....
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In New Jersey, two legislators have brought a bill to the state legislature (A4478) that will create a regulatory framework for Bitcoin-related companies. Both the legislators and some in the Bitcoin community have touted the bill as a positive step towards bringing the cryptocurrency to the mainstream. A4478, alternatively titled the “Digital Currency Jobs Creation Act,” was introduced with the purpose of helping to create jobs within the state. The bill aims to achieve this goal by giving tax breaks to Bitcoin related companies located within New Jersey who reach a certain job creation....
The implications of bitcoin's effect on consumer finance, investment and banking are not fully understood, a new report from Innopay suggests. The payments and transaction service consulting firm explored the nature of digital currency and its impact on a broad range of market sectors, tapping everyone from European central bankers to core members of the bitcoin community for insight. At its heart, the Innopay report points to a broad awakening within the global economy to the benefits of bitcoin and its underlying technology, but acknowledges that ignition remains held back by and large.....
Several US Democrat legislators and electoral candidates have now written to the Democratic National Committee (DNC), calling for a change in the party’s approach toward the digital asset industry. This development comes as the Republican presidential candidate, Donald Trump has continued to gain more popularity as a cryptocurrency advocate ahead of the upcoming US elections. […]
U.S. legislators have been stepping up their efforts to provide the crypto industry with a regulatory framework. A new bipartisan bill introduced by U.S. Senators Debbie Stabenow, John Boozman, Cory Booker, and John Thune is another step in that direction. The legislators introduced the Digital Commodities Consumer Protection Act of 2022 and presented a new […]
Rumors of a fourth and possible fifth round of direct stimulus checks have become a hot conversation topic this week, as lawmakers are urging the President to act. Over 80 U.S. legislators have sent letters to President Joe Biden and Vice President Kamala Harris asking the administration to push forward direct economic stimulus payments and extend unemployment benefits. 80 Legislators Urge Biden Administration to Push for More Stimulus Discussions concerning more Covid-19 relief stimulus have been increasing in recent days after the Biden administration proposed a $6 trillion budget last....