Warren Davidson, Vice Chairman of the Subcommittee on Digital Assets, Financial Technology, and Inclusion of the House Financial Services Committee, has rejected the policy suggestions made by the U.S. Treasury on crypto assets, stating these seek to ban digital assets in the U.S. using unworkable compliance requirements as tools for this task. Warren Davidson Qualifies…
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A U.S. lawmaker has urged Congress to pass his bill that would fire U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler. This call followed the securities regulator filing a second lawsuit against crypto exchange Kraken this year after the exchange paid $30 million to settle the initial lawsuit. Lawmaker Seeks to Fire Gary Gensler…
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The U.S. SEC chief was asked whether the purchase of Pokemon trading cards is a security transaction and whether Bitcoin is a commodity. Blamed for “kneecapping” capital markets in the United States and slammed for dodging questions around Bitcoin (BTC) and Pokemon cards, Securities and Exchange Commission Chair Gary Gensler appears to have had one hell…
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U.S. Congressman Warren Davidson has railed against central bank digital currencies (CBDC), stating that enacting a ban on these instruments is “essential” for the future of the fintech industry in America. Davidson explained that many people wrongly conflate cryptocurrencies with CBDC when these are two different concepts. Congressman Warren Davidson: ‘CBDC Is Evil’ Congressman Warren…
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Warren Davidson, U.S. representative and part of the House Committee on Financial Services, has disregarded issuing a central bank digital currency (CBDC) in the country. Davidson explained that CBDCs corrupt money into a “tool for coercion” and detailed that there was no legal way of issuing such a currency without legislation. U.S. Representative Warren Davidson:…
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Warren Davidson, the Republican congressman who first introduced the legislation in mid-April, has filed the SEC Stabilization Act to remove Gary Gensler, the current chair of the U.S. Securities and Exchange Commission (SEC). Davidson insists the act aims to safeguard U.S. capital markets “from a tyrannical chairman.” Legislation Filed to Remove SEC Chair Gensler in…
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House Republicans filed a bill on Monday that would fire US Securities and Exchange Commission Chair Gary Gensler and restructure the agency. Reps. Tom Emmer and Warren Davidson introduced the SEC Stabilization Act, to “remove Chairman Gensler following his long series of abuses that have been permitted under the current SEC structure,” according to a…
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“U.S. capital markets must be protected from a tyrannical Chairman, including the current one,” Congressman Warren Davis wrote in reference to SEC head Gary Gensler. United States Congressman Warren Davidson has introduced the “SEC Stabilization Act” into the House of Representatives, announced on June 12. One of the bill’s main provisions is to fire Securities…
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References to the tax were removed from the U.S. debt bill, but that doesn’t mean it’s gone for good. Bitcoin (BTC) miners in the United States can breathe a sigh of relief after a proposed tax on crypto mining did not make it into a bill to raise the U.S. debt ceiling that appears set…
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U.S. Congressional Republican lawmakers demanded answers from the White House’s Council of Economic Advisers about the council’s “rationale” on issues ranging from legislation to central bank digital currencies. Reps. Warren Davidson of Ohio and Mike Flood of Nebraska wrote a letter to the council’s Chair Cecilia Rouse on Monday asking questions about how crypto firms…
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