US Congressman Says That Congress Isn’t Prepared To Pass Crypto Legislation

US Congressman Says That Congress Isn’t Prepared To Pass Crypto Legislation

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 […]


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US Congress Will Not Pass Cryptocurrency Legislation Anytime Soon, Says Lawmaker

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....

Switzerland’s Largest Bank UBS Expects US Crypto Legislation to Take Time

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....

Congressman Jared Polis to Demo Robocoin ATM on Capitol Hill

Congressman Jared Polis wants to educate lawmakers about bitcoin. Colorado Democrat Jared Polis is certainly a huge proponent of bitcoin. About a month ago, Polis wrote a satirical letter to Congress calling for the immediate ban of the U. S. dollar. Senator Joe Manchin had urged the U. S. Treasury to ban bitcoin since it can be used in illegal transactions and offered some degree of anonymity. However, Polis noted that the same could be said about the U. S. dollar. “Dollar bills allow for anonymous and irreversible transactions…The U.S. Dollar was present by the truck load in Saddam....

SEC Urges Congress to Pass Cryptocurrency Legislation to Protect Investors

The U.S. Securities and Exchange Commission (SEC) has urged Congress to pass cryptocurrency legislation to protect investors, the new SEC chairman has revealed. The securities regulator is also working with the Commodity Futures Trading Commission (CFTC) and the U.S. Treasury Department to combat criminal activity facilitated by cryptocurrencies, the chairman noted. SEC Working With CFTC, Treasury on Crypto Regulation, Urges Congress to Pass Legislation The new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has asked Congress to take action regarding....

Immediate $1,200 Stimulus Checks: Trump Calls on Congress to Pass Stand-Alone...

Congress has been urged to pass a stand-alone stimulus bill to immediately provide Americans with second stimulus checks of $1,200 after talks of approving a larger stimulus package of $2.2 trillion have stalled. New Stimulus Bill for $1,200 Direct Payments to Americans U.S. President Donald Trump is calling on Congress to quickly pass individual coronavirus relief aid measures, including a stand-alone bill to provide $1,200 stimulus checks to Americans immediately. He tweeted on Tuesday: If I am sent a stand alone bill for stimulus checks ($1,200), they will go out to our great people....