Circle Internet Financial would have a distinct advantage over global stablecoin leader Tether under U.S. regulations along the lines being suggested by new legislation, according to one of the latest bill’s authors, Sen. Cynthia Lummis (R-Wyo.).
The Solution for Stablecoin Regulation
U.S. Senators Lummis, Gillibrand Take on Stablecoin Legislation With New Bill
U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) are taking another swing at crypto-specific legislation, with a narrowly tailored bill seeking to define how stablecoins – cryptocurrencies that maintain a value with some other asset, like the U.S. dollar – will operate in the U.S.
Lummis: Crypto Will Erupt as Big Issue in Senate Races Including Banking Chair Brown’s
U.S. Senator Cynthia Lummis (R-Wyo.) said that the high-stakes Ohio election that could decide both the Senate majority and the leadership of the Senate Banking Committee is likely to dig into cryptocurrency issues, and she encouraged industry insiders to make sure it does.
Key U.S. Lawmaker McHenry Says House Has ‘Workable’ Stablecoin Bill
U.S. Rep. Patrick McHenry (R-N.C.) said some of the recent chaos in Congress derailed crypto legislation for a while, but a stablecoin bill is largely worked out in the House of Representatives and just needs a schedule floor vote.
Lawmakers Lummis and Hill Urge DOJ Decision on Charging Binance and Tether for Aiding Hamas
U.S. lawmakers Senator Cynthia Lummis (R-Wy.) and Rep. French Hill (R-Ark.) have urged the Department of Justice to “expeditiously conclude” investigations and reach a decision on charging Binance and Tether for aiding terrorism financing for Hamas.
Weekend Wrap: Uniswap dev sacked for alleged rug, Steadefi hacker goes mixing and more
Uniswap developer AzFlin has admitted to creating the FRENS token but has argued what he did doesn’t constitute a rug pull.
U.S. Senator Lummis, Crypto Lobbyists Urge Court to Dismiss SEC’s Coinbase Lawsuit
U.S. Senator Cynthia Lummis (R-Wy.), a number of crypto lobbying organizations and a group of professors called on a federal court to dismiss a Securities and Exchange Commission (SEC) lawsuit against crypto exchange Coinbase Friday.
U.S. Senate Passes $886B Military Spending Bill With Crypto AML Provision
The amendment takes aim at crypto mixers and “anonymity-enhancing” crypto assets.
Unpacking the Latest Lummis-Gillibrand Bill Draft
U.S. Senators Cynthia Lummis and Kirsten Gillibrand have developed a second draft of their comprehensive crypto regulation bill. Chances are slim that it will, as a single bill, advance to becoming a law, but it may still drive a broader conversation within Congress on what sort of provisions smaller pieces of legislation should include.
Ripple case: SEC appeal unlikely as it gains from ‘current confusion’ — Haun Ventures CEO
An immediate appeal could only jeopardize the SEC’s “entire enforcement agenda,” said Katie Haun of Haun Ventures.
Wyoming: Regulatory Clarity and Crypto-Friendly Banks Fuel Blockchain Revolution
America’s least populous state has passed three dozen laws regulating crypto. That has helped attract crypto, blockchain and Web3 employers and made the No. 7 spot in CoinDesk’s Crypto Hubs 2023 the most crypto-friendly state in an otherwise uncertain U.S. regulatory environment.
Is Biden’s controversial Bitcoin mining tax dead or set to rise from the ashes?
References to the tax were removed from the U.S. debt bill, but that doesn’t mean it’s gone for good.
Bitcoin cleans up the environment and helps catch criminals: US Senator Cynthia Lummis
U.S. Senator Cynthia Lummis joined Chamber of Digital Commerce CEO Perianne Boring on stage at Bitcoin Miami 2023 for a lengthy discussion on regulation.
Senators slam bank execs for blaming collapses on crypto, pocketing millions
Senator Lummis noted that Signature Bank’s Scott Shay mentioned digital assets 10 times in his testimony about the bank’s collapse.
Congressman McHenry announces joint hearings to address market structure around digital assets
Patrick McHenry suggested that the hearings will look to add to the regulatory efforts being done on the bipartisan bill led by Senator Cynthia Lummis and Senator Kirsten Gillibrand.
U.S. House Will Have Crypto Bill in 2 Months: McHenry
AUSTIN, Texas – The U.S. House Financial Services Committee and House Agriculture Committee will put together legislation to oversee the crypto sector in the “next two months” after holding joint public hearings starting May, said Patrick McHenry (R–N.C.), chair of the House Financial Services Committee.
Senator Cynthia ‘Crypto Queen’ Lummis: Lack of Laws Pushing Industry Overseas
The senator from Wyoming – a speaker at CoinDesk’s Consensus festival – on crypto’s prospects in Washington D.C.
US lawmakers argue SEC accounting policy places crypto customers at risk
While the bulletin was intended to provide clarity regarding the accounting treatment for digital assets, it has been criticized by both lawmakers and regulators.
U.S. Lawmakers Argue SEC Accounting Policy Undermines Safe Crypto Custody
Rep. Patrick McHenry, chairman of the House Financial Services Committee, and Sen. Cynthia Lummis teamed up on a letter questioning regulators about crypto accounting policy.