Congress worries crypto used to fund domestic terrorism, Capitol insurrection
U.S. Congress subcommittee says that bank reporting methods led to Capitol attack arrests but worries that Bitcoin might have helped fund the insurrection. A U.S. Congress subcommittee is investigating if domestic extremists are turning to cryptocurrency as a source of funds for their activities.On Feb. 25, the Subcommittee on National Security, International Development, and Monetary Policy will hold a hearing titled “Dollars Against Democracy: Domestic Terrorist Financing in the Aftermath of Insurrection.” A committee memorandum ahead of the hearing stated that “as scrutiny by....
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After the U.S. Capitol insurrection and Twitter's unilateral ban of President Trump, decentralizing the web has never been more necessary.
The crypto-powered streaming platform DLive has come under fire after far-right extremists used the service to live stream this week’s violent insurrection in the U.S. Capitol. DLive, the decentralized streaming platform that Justin Sun purchased and migrated to Tron in December 2019, was used by several far-right extremists to live-stream their insurrection in the U.S. Capitol building on Jan 6.The extremists were also able to raise donations during the broadcast and the platform has been accused of allowing extremists to raise “hundreds of thousands” of dollars, mostly in cryptocurrency,....
Bitcoin is on the map in Congress as this morning as Politico, a leading newspaper and website predominantly read by Capitol Hill Staff Members and Congress published an article entitled, "Congress Starts Looking Into Bitcoin." What does this mean for the Bitcoin community, Congress and the US Executive Branch? Ideally, Members of Congress and the US Senate will take a closer and more holistic look into how regulators have been handling Bitcoin and will proceed with regulations or lack thereof. While, it would be even more ideal for Bitcoin to have more time to flourish prior to catching....
Following yesterday's chaos on Capitol Hill, the social media giant has blocked President Trump on the grounds that the likely intent and result of his posts is the incitement of violence. On Thursday, Mark Zuckerberg took to Facebook to announce the end of Trump's reign — on the platform anyway.Yesterday's rally on Capitol Hill in Washington, D.C. turned into a storm of the Capitol itself by Trump supporters following a speech in which the president said "we will never concede."In his post this morning, Zuckerberg noted that Trump had used his platform on Facebook extensively for....
The proposal, called the ACCEPT Resolution, would apply to gift shops, vending machines and restaurants. U.S. Senator Ted Cruz of Texas submitted a resolution on the Senate floor Monday that would require the acceptance of cryptocurrency payments at all gift shops, restaurants and vending machines located within the Capitol Complex. The resolution, titled Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions, or ACCEPT, also prohibits the Architect of the Capitol — a presidential appointee who oversees the administration of the Capitol Complex — from entering into....