Lines in the sand: US Congress is bringing partisan politics to crypto

Lines in the sand: US Congress is bringing partisan politics to crypto

Cryptocurrency is now a hot topic in United States politics. It wasnt always like this, however, especially since just a small percentage of U.S. politicians seem to have a baseline understanding of digital currencies.Nonetheless, its now a wedge issue poised to morph into a destructive political football destined to occupy a new, uncomfortable space in the consistently devolving culture war. Although this is certainly uninspiring news for common sense political discourse in the United States, it remains to be determined how this will affect the cryptocurrency ecosystem.Lets start with how....


Related News

US lawmaker planning to introduce comprehensive crypto bill in 2022: report

Cynthia Lummis’ proposed bill reportedly aims to provide regulatory clarity on stablecoins, guide regulators around asset classes and offer consumer protections. Wyoming Senator Cynthia Lummis, one of the United States lawmakers behind many pro-crypto pieces of legislation, is planning to introduce a comprehensive bill next year to handle digital assets. In a Thursday report, Bloomberg said Lummis’ proposed bill aimed to provide regulatory clarity on stablecoins, guide regulators as to which cryptos belong to different asset classes and offer consumer protections. In addition, the U.S.....

Biggest Movers: SAND up 15% on Friday, as MATIC Rebounds From Near 10-Day Low

SAND was up by over 15% on Friday, as crypto prices rebounded following sell-offs during Thursday’s trading session. SAND fell to a one-week low yesterday, with MATIC, another notable gainer, dropping to nearly a ten-day low on Thursday. Overall, crypto markets are up 1.30% as of writing. The Sandbox (SAND) SAND was one of the most notable movers during today’s trading session, as crypto prices rebounded on Friday. Following a low of $0.9644 on Thursday, SAND/USD rallied to an intraday peak of $1.17 to start the month of July. Prices of the....

Crypto 'cannot be partisan,' says US lawmaker who scored negative on bipartis...

"This is literally about looking at America and opportunities for Americans," according to Minnesota Representative Tom Emmer. United States House of Representatives member Tom Emmer has reportedly suggested that regulating and encouraging innovation in the crypto space should not be a political win for either Democrats or Republicans.According to an interview released Tuesday by Axios reporter Brady Dale, Emmer said many of his colleagues in Congress were treating cryptocurrencies as a risk that merited warnings, rather than an investment opportunity for the United States. The U.S.....

Crypto for Congress: Bitcoin Sent to All Congress Members’ Campaigns

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....

Biggest Movers: SAND up by 12% on Wednesday, Hitting a 10-Day High

SAND surged by as much as 12% on Wednesday, as prices moved to a ten-day high during the session. The rise comes as crypto markets were mostly in the green, with AVAX also rising over the course of the day. As of writing, the global crypto market cap is nearly 3% higher. The Sandbox (SAND) SAND was one of the notable movers on hump day, as prices of the token rose by as much as 12% over the course of the day. After falling to a low of $1.12 on Tuesday, SAND/USD moved to a high of $1.28 earlier in today’s session. The move saw the token climb to its highest level since June 25,....