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Regulation: SEC Chair Gary Gensler Attacks Coinbase Says Very Few Cryptos Aren’t Securities

During today’s Senate Banking Committee hearing, SEC Chair Gary Gensler took shots at Coinbase and stablecoins as several senators attacked him for his over regulatory approach to crypto. Is The SEC Everyone’s Daddy? Concern Over Transparency On Crypto Regulation Gensler revealed his aggressive plans to rein in everything from cryptocurrencies to the meme-stock frenzy spurred… Read More

Regulation: U.S. Treasury Held Two Meetings With Financial Industry Executives And Representatives Of Crypto On Stablecoins This Week

Earlier this week, the U.S. Treasury Department met with financial industry executives and some representatives of the crypto industry to discuss regulation, risks, and benefits of stablecoins, Reuters reported. Washington lawmakers say they are “alarmed” at how fast the cryptocurrency market is growing according to people familiar with the meeting who spoke to Reuters. As… Read More

U.S. Congressional Research Service States Congress Should Realize The “Potential Trade-off” Of Over-regulating Crypto Assets

The U.S. Congressional Research Service (CRS) has released a report reminding policymakers that they may be stifling crypto innovation with fast-approaching crypto regulations being pushed by the current Joe Biden administration. Although it’s worth mentioning that several lawmakers are pushing for rules to protect crypto businesses and holders alike from government overreach, CRS says that… Read More

Crypto Five Musketeers: Senators Toomey, Warner, Lummis, Sinema, Portman Announce Bipartisan Pro Cryptocurrency Amendment

U.S. Senators Pat Toomey (R-Pa), Mark Warner (D-Va.), Cynthia Lummis (R-Wyo.), Kyrsten Sinema (D-Az.), and Rob Portman (R-Oh.) have announced a bipartisan agreement on an amendment to fix the digital asset reporting requirements in the controversial infrastructure bill. UPDATE – 5:00 P.M. EST — The Senate has failed to pass the bipartisan compromise on a… Read More

U.S. Senators Mike Lee And Bill Hagerty Stand Up For Crypto In Historic Speeches About Stifling Innovation With Regulation

U.S. Senator Mike Lee (R-UT) and Bill Hagerty (R-TN) have raised concerns that the $1.2 trillion infrastructure bill will stifle innovation. Both Senators explained that regulating cryptocurrencies in a hasty fashion would drive innovation offshore. U.S. Senator Mike Lee stated that crypto was “an industry that’s rapidly developing within the United States.” He expressed the… Read More

Treasury Secretary Janet Yellen Lobbying Against Pro-Crypto Amendment For Infrastructure Bill; Cardano’s Charles Hoskinson Urges Unity In Community

Treasury Secretary Janey Yellen has lobbied against the language on crypto put forth by Senators Wyden, Lummis, and Toomey. Meanwhile, Charles Hoskinson the founder of Cardano and IOHK, has urged the crypto community to put aside its likes and dislikes of projects and unite to stop the anti-crypto provision in the infrastructure bill f. UPDATE… Read More

IMMINENT Government Crypto Takeover (WORST Law For Cryptocurrency)

width=”560″ height=”314″ allowfullscreen=”allowfullscreen”> The gears of government turn slowly; but grind exceedingly fine”. The ancient Greeks understood the dynamics of power and bureaucracy and sadly nothing has changed. The highly touted infrastructure bill has passed through the lower chamber of congress and has moved on to the Senate. But not before institutions got a chance… Read More

Gary Gensler SEC Chairman Calls Crypto “Wild West” Says Regulations Are Coming For DEFI and Stablecoins

During the Aspen Security Forum conference, U.S. SEC Chairman Gary Gensler begged Congress to give the Security and Exchange Commission more authority to oversee the crypto market, echoing previous calls by the IRS for the same. Gensler also stated that cryptocurrency feels like the “wild west” right now, adding, that “regulations are coming” singling out… Read More

U.S. Lawmaker Proposes Digital Asset Legislation; Attorney Says It’s “Overreaching Raises Civil Rights Concerns”

A new bill has been proposed called the “The Digital Asset Market Structure and Investor Protection Act of 2021,” introduced by U.S. Representative Don Beyer (D-VA), who claims the legislation will promote innovation and growth in the digital asset market with a common-sense regulation to protect investors and holders. However, according to an attorney, Gabriel… Read More

Senator Elizabeth Warren (Queen FUD) Doubles Down Against Crypto

Senator Elizabeth Warren, or as this author will now refer to her as Queen FUD, went onto CNBC to discuss cryptocurrency regulation, one day after calling the industry a bunch of “shadowy super coders” and two days after writing a letter to Treasury Secretary Janet Yellen calling for oversight of the industry. Warren argued that… Read More

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