Crypto Rules Are Changing—But Congress Still Decides The Endgame
Republican senators huddled with a White House crypto adviser Thursday in a closed-door session that participants called “very productive” — a sign that Washington’s push to rewrite the rules of digital asset oversight may be gaining real momentum. Related Reading: Nasdaq’s Big Bet On Tokenization Gets Regulatory Green Light From SEC Stablecoin Sticking Point Nears […]
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“We want to make sure that we do the requisite research on policy and technology so we're in a position to move forward if Congress decides it's important to be able to compete with China in this regard," said Lael Brainard. At her confirmation hearing in front of members of the Senate Banking Committee, Federal Reserve board of governors member Lael Brainard said Congress would ultimately have to decide to move forward with a central bank digital currency, or CBDC.Addressing pro-crypto Senator Cynthia Lummis at the Dirksen Senate Office Building on Thursday, Brainard said the Fed would....
The Crypto for Congress initiative has launched. All members of Congress will be given bitcoin as campaign contributions to help them learn about cryptocurrency. The initiative is supported by Congressional Blockchain Caucus members, including pro-crypto Representatives Darren Soto and Tom Emmer. Each Congress Member Receiving Bitcoin Contribution The “Crypto for Congress” initiative has launched, the Chamber of Digital Commerce announced Monday. “Today, all members of the United States Congress will receive a campaign contribution in bitcoin” as part of this....
In a wide-ranging September interview with Bitcoin Magazine, MicroStrategy executive chairman Michael Saylor condensed five years of corporate experimentation into a stark, almost mechanical blueprint for what he calls Bitcoin’s “endgame”: accumulate an unprecedented stockpile of the asset as digital capital, then manufacture a new tier of credit markets on top of it. “The endgame […]
Bitcoin has been sent to 350 deputies of the Spanish Congress as part of an educational initiative similar to the “Crypto for Congress” campaign that sent bitcoin to all Members of U.S. Congress. Bitcoin Sent to 350 Spanish Lawmakers All 350 members of Spain’s Congress of Deputies have been sent bitcoin worth a euro each as part of an educational campaign, local newspaper ABC reported Thursday. The Congress of Deputies is the lower house of Spain’s parliament; it has 350 members. The initiative was launched by blockchain education platform Tutellus and Observatorio....
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....