Even as the U.S. House of Representatives is paralyzed by a Republican leadership drama, U.S. Sens. Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) are still pressing to get crypto legislative through.
Crypto Needs Congress, But U.S. Lawmakers Have Opted for Pandemonium
Without the U.S. Congress outlining a clear system of rules, the crypto industry fears it’ll be relegated as a volatile financial backwater. But Capitol Hill is beset by drama, including a U.S. House of Representatives that fired its speaker and a budget debate that could derail the federal government.
9 US Senators publicly back Elizabeth Warren’s crypto bill
Senator Elizabeth Warren announces the expansion of her coalition to crack down on “crypto’s use in money laundering, drug trafficking, sanctions evasion.”
How senators plan on regulating AI: Law Decoded, Sept. 4–11
Senators Richard Blumenthal and Josh Hawley’s framework emphasizes that technology companies cannot rely on liability protections to shield them from legal actions.
US Senate confirms Philip Jefferson as Federal Reserve vice chair
Philip Jefferson, who has been serving as a Fed governor since 2022, will take on the No. 2 role under chair Jerome Powell at the central bank until 2036.
Australia Senate Committee Rejects Crypto Bill From Opposition Senator Andrew Bragg
Bragg said the Labor government had put regulating crypto in the slow lane.
U.S. Senate Passes $886B Military Spending Bill With Crypto AML Provision
The amendment takes aim at crypto mixers and “anonymity-enhancing” crypto assets.
House Financial Services Committee Votes in Favor of Crypto, Blockchain Bills
The House Financial Services Committee advanced a set of crypto bills after a landmark markup on Wednesday.
US Senate wants companies to report investments in Chinese technologies
The Senate overwhelmingly supported legislation requiring U.S. companies to report any outbound investments into Chinese technologies.
Two more crypto bills in the US: Law Decoded, July 17–24
Last week was marked by two new legislative initiatives for the crypto industry in the United States.
New U.S. Senate Bill Wants to Regulate DeFi-Like Banks
A new bill from Sen. Jack Reed would impose strict requirements on DeFi protocols under the guise of national security.
A Second Round of the Lummis-Gillibrand Crypto Bill Elevates CFTC, Defines DeFi
The U.S. Securities and Exchange Commission (SEC) would take a back seat in a crypto oversight bill being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), which would require that crypto exchanges be overseen by the Commodity Futures Trading Commission (CFTC) and all stablecoin issuers be regulated depository institutions.
U.S. Senate Finance Committee Asks Crypto Industry for Tax Guidance
The committee sought input from the cryptocurrency industry to better understand the tax challenges presented by digital assets.
US Senate Finance Committee asks digital asset community how to tax it in open letter
Community members may want to read up on the intricacies of tax law before they respond, but they have two months to do so.
US Senators to have classified AI briefing at the White House
U.S. Senators will take part in the country’s first-ever classified Senate briefing on AI which will place in conjunction with the Department of Defense and Intelligence Community.
North Carolina House passes bill to commission study on holding Bitcoin
The study would examine the possible impact of holding crypto and how the state would custody digital currency.
US Senator Chuck Schumer calls for ‘comprehensive’ AI legislation
The U.S. Senate leader plans to call for urgent bipartisan action from Congress to create “comprehensive legislation” for upcoming AI systems.
US senators propose bill to eliminate Section 230 protection for AI companies
The bipartisan bill purportedly seeks to hold companies accountable for harm, but it’s unclear whether Section 230 even applies to AI.
Bitcoin derivatives favor further BTC price rally toward $30K
Bitcoin’s price might have held near $28,000 but the absence of shorts using margin and futures markers is a bullish indicator.
Elizabeth Warren is pushing the Senate to ban your crypto wallet
Elizabeth Warren is back with an Anti-Money Laundering act that would — among other things — make it mostly illegal for you to use your own crypto wallet.