Congress – Page 5 – Ƀitsell X

US Representatives Bilirakis and Schakowsky Inquire About Apple’s Policies on Blockchain and NFTs

July 30, 2023

Representatives Gus Bilirakis and Jan Schakowsky, part of the House Innovation, Data, and Commerce Subcommittee, have sent a letter to Apple requiring information and documents regarding Apple’s iOS Appstore policies on blockchain, non-fungible tokens (NFTs), and distributed ledger technologies. The representatives believe Apple’s policies might “limit innovation and American technology leadership” in these areas. Bilirakis…
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US House Committee Passes ‘Keep Your Coins Act’ to Protect Right to Self-Custody Crypto

July 30, 2023

The U.S. House Committee on Financial Services has passed the Keep Your Coins Act of 2023 to protect the self-custody of crypto. “Those attacking self-custody oppose individual freedom. They want someone they control to control your assets,” said Congressman Warren Davidson who introduced the bill. Keep Your Coins Act of 2023 Advances The U.S. House…
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Lawmakers probe Apple’s App Store policies on blockchain, NFTs

July 29, 2023

Their letter aimed to explore whether these guidelines might inadvertently hinder the progress and growth of cutting-edge innovations. United States Representatives Gus Bilirakis and Jan Schakowsky penned a formal letter to Apple CEO Tim Cook about concerns related to the California-based company’s App Store, and the potential effect of its guidelines on emerging technologies like…
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Rep. Patrick McHenry blames White House for lack of urgency on stablecoin bill negotiations

July 27, 2023

Republican leadership has blamed the Biden administration for not having a “sense of urgency” on stablecoins, while the Democratic response suggested “impatience” by lawmakers. United States House Financial Services Committee chair Patrick McHenry has pointed a finger at the Biden administration for the lack of bipartisan agreement on a stablecoin bill. In a July 27…
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US GAO says lack of interagency cooperation needs to be addressed in crypto regulation

July 25, 2023

In a report requested by Rep. Maxine Waters, the country’s top watchdog is carefully neutral but dissatisfied with agencies’ abilities to work together. The United States Government Accountability Office (GAO), a Congressional watchdog agency, has released a report it completed in June on the regulatory framework for the use of blockchain in finance. The 77-page…
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Two more crypto bills in the US: Law Decoded, July 17–24

July 24, 2023

Last week was marked by two new legislative initiatives for the crypto industry in the United States. Last week was marked by two new legislative initiatives for the crypto industry in the United States. Senator Jack Reed sponsored a bipartisan bill that would tighten Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations and sanctions…
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US House Republican committees introduce joint digital assets bill

July 21, 2023

The House Agriculture and Financial Services Committees have been working together all year on a bill to rival Lummis and Gillibrand’s Responsible Financial Innovation Act. A bill to create a regulatory framework for digital assets has been introduced by Republican members of the Agriculture and Financial Services Committees of the United States House, the result…
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Bipartisan bill to regulate DeFi, crypto security risks introduced into US Senate

July 19, 2023

The bill was introduced in the evening and has not been published yet, but it is already causing a stir. Crypto Twitter calls it a “nonstarter.” United States Sen. Jack Reed sponsored a bipartisan bill introduced into the Senate on July 18 that would tighten Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations and…
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US Lawmakers Call on Congress to Pass Crypto Law Following SEC v Ripple Ruling on XRP

July 16, 2023

Several U.S. lawmakers have called on Congress to pass crypto legislation following the court ruling on the U.S. Securities and Exchange Commission (SEC) v. Ripple case regarding XRP. “Gary Gensler’s SEC cannot continue to pursue its regulation by enforcement approach, which only harms investors and creates uncertainty,” said one lawmaker. US Lawmakers Call on Congress…
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US Senator Expresses Concern Over Prometheum Co-CEO’s Congressional Testimony

July 11, 2023

On Monday, U.S. senator Thomas Tuberville (R-AL) published an open letter to U.S. attorney general Merrick Garland and Securities and Exchange Commission (SEC) chairman Gary Gensler expressing concern over allegations that Prometheum, Inc., a registered digital asset company, may have provided false testimony to Congress and violated U.S. securities laws. U.S. Lawmaker Demands Investigation Into…
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