US – Page 4 – Ƀitsell X

US Representative Patrick McHenry: Stablecoins ‘Hold Promise as a Pillar of Our 21st-Century Payments System’

August 8, 2023

Representative Patrick McHenry, chairman of the House Financial Services Committee, weighed in positively on the launch of PYUSD, a dollar-pegged stablecoin issued by Paypal, a U.S.-based payments company. McHenry stated that if properly regulated, stablecoins “hold promise as a pillar of our 21st-century payments system,” calling on Congress to put clear rules on the sector…
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Grayscale urges SEC to approve all Bitcoin ETFs simultaneously

July 28, 2023

Grayscale’s ETF was previously knocked back by the Securities and Exchange Commission and it wants it and competing ETFs approved together so none have an advantage. Crypto fund manager Grayscale is urging the Securities and Exchange Commission to approve all proposed spot Bitcoin (BTC) exchange-traded funds (ETFs) at the same time to avoid one having…
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‘Historic week’ as stablecoin, self-custody bills advance to House floor

July 28, 2023

The bills aim to create a regulatory framework for payment stablecoins and enshrine rights for crypto users to self-custody digital assets. The House Financial Services Committee has advanced another two landmark crypto bills previously under consideration — with one aiming to better regulate stablecoin issuers and another seen as positive for crypto self-custody in the…
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Sam Bankman-Fried to have campaign donation charge dropped: Prosecutors

July 27, 2023

The FTX co-founder may be able to face one less charge relating to actions surrounding his alleged mismanagement of the cryptocurrency exchange. United States prosecutors are expected to drop one of the charges against FTX co-founder Sam Bankman-Fried, which had alleged he conspired to make unlawful campaign contributions. In a July 26 letter to District…
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Ripple Expects Business to Pick Up in the US After Landmark Ruling

July 19, 2023

Ripple, a cryptocurrency and remittance services company, expects to start offering its services to U.S.-based businesses after the recent ruling that determines the XRP token is not “necessarily a security” on its face. Stuart Alderoty, Ripple’s CLO, stated the company hopes to start talking with possible customers this quarter. Ripple Hopeful About U.S. Business…
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‘Done, Dead’ — DeSantis to Nix Central Bank Digital Currency on Day 1

July 16, 2023

Central bank digital currency (CBDC) is a “massive threat” to liberty, Republican Governor of Florida Ron DeSantis is convinced. During an interview with former Fox News host Tucker Carlson, DeSantis vowed to send CBDC “to the ash heap of history” if he is elected President of the United States. DeSantis Tells Carlson CBDC is ‘Not…
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Circle CEO spells doom scenario for US dollar in warning to Congress

July 14, 2023

Jeremy Allaire claimed the U.S. dollar is “under threat” and urged lawmakers to pass stablecoin regulation to “build trust” in a digital dollar. The United States dollar’s place as a global reserve currency will be under threat if Congress isn’t quick to regulate stablecoins, warns the CEO of Circle. On July 13, Jeremy Allaire appeared…
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Bitwage Purges USDC Payments for US Residents Due to a ‘More Strict Regulatory Climate’

July 7, 2023

Bitwage, a cryptocurrency payroll company, has announced it will remove USDC-based payments for U.S. residents. In an email sent to U.S.-based customers, Bitwage explains removing the second-largest stablecoin by market cap from its platform is related to a “more strict regulatory climate” in the U.S. regarding crypto. Bitwage Drops USDC Payments in the U.S.…
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Hester Peirce: US crypto laws can’t assume ‘everything is a financial asset’

June 29, 2023

Securities and Exchange Commissioner Hester Peirce discussed a possible United States crypto legal framework, giving a reminder that not all uses are financial. Cryptocurrency laws in the United States should be “reserved” and not regulate the technology as though every use is financial, a commissioner at the U.S. Securities and Exchange Commission has argued. On…
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Brit Gets Prison Time for Twitter Hack Impersonating Biden, Buffett in Bitcoin Scheme

June 26, 2023

A U.K. citizen has been sentenced by а New York court to five years in prison for his role in a Twitter hack including the hijacking of accounts of U.S. political and business figures. The man is also responsible for the theft of large amounts of cryptocurrency in a SIM swap attack. Hacker Goes to…
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