US Lawmaker Likes Bitcoin — Urges Policymakers to Embrace Innovation in Regul...
U.S. Representative Patrick McHenry is pro-bitcoin. He is now hosting the Bitcoin whitepaper on his official congressional website and has called on other lawmakers to embrace innovation like Bitcoin. He believes that the cryptocurrency is unstoppable and governments cannot kill it. Pro-Bitcoin US Lawmakers A growing number of U.S. lawmakers have recently spoken in support of Bitcoin. Among them is Congressman Patrick McHenry from the state of North Carolina. On Friday, he talked on CNBC’s Squawk Box about how to approach regulation after last week’s market swings. “You....
Related News
A U.S. lawmaker has urged the Biden administration to develop a “robust strategy” to prevent cryptocurrency from being used to evade sanctions. “Emerging technologies like cryptocurrency offer many positive applications like humanitarian relief, but the administration has not kept pace in ensuring this novel form of currency is not used to the detriment of U.S. national security,” he said.
Congressman McCaul Wants a ‘Robust Strategy’ to Prevent Crypto Use to Evade Sanctions
A senior member of the House Foreign Affairs Committee, U.S.....
“We can hold on to the way it’s always been done, or we can drive innovation. We have to be willing to embrace the future.”
The founder of Africa-focused media and investment company Footprint to Africa, Osita Oparaugo, has urged governments on the continent to embrace cryptocurrency. Africa Must Not Be Left Behind Osita Oparaugo, founder of Footprint to Africa, has argued that a timely embrace of cryptocurrencies by African governments would be beneficial to the continent’s growth prospects. In his remarks published by the Vanguard, Oparaugo, who was co-host of a Decentralized Finance (defi) event in Nigeria, suggested that African countries cannot afford to lag behind when it comes to crypto. After....
A major European banking trade group has called for governments and businesses to develop regulatory solutions for cryptocurrencies. The European Banking Federation (EBF), a group representing thousands of the continent's largest banking groups, recently released its vision for a digital revamp of the banking system. Included in its proposals are several recommendations to policymakers regarding bitcoin and the blockchain. The group points to the blockchain as an innovation that "provides a number of interesting opportunities both for financial institutions individually and for the....
U.S. Congressman Brad Sherman has urged the U.S. Securities and Exchange Commission (SEC) to go after major cryptocurrency exchanges that traded xrp, which the regulator deems a security. “It’s easier to go after the small fish than the big fish, but the big fish operating major exchanges did many, many tens of thousands of transactions with xrp,” said the lawmaker.
US Lawmaker Urges SEC to Focus on Major Crypto Exchanges
Congressman Brad Sherman (D-CA), chairman of the House Financial Services Subcommittee on Investor Protection, held a hearing Wednesday to....