Sen. Bill Hagerty, a member of the Senate Banking Committee from the Republican party, advocates for a more comprehensive examination of the relationship between the securities regulator and the digital assets sector.
The leading Democratic representative on the House Financial Services Committee emphasized the necessity of establishing federal regulations prior to a company of PayPal's magnitude launching a stablecoin.
A campaign donor informed The New York Times that Santos and two others seemed to be attempting a crypto-focused variation of the traditional Nigerian scam against him.
Congressional Members introduced three different types of bills focused on (1) cryptocurrency regulation, (2) applications of blockchain technology, and (3) central bank digital currency (CBDC).
Brett Redfearn, a former director of trading and markets at the S.E.C. who briefly worked for Coinbase this year and is now advising crypto companies, said that “as unlikely as it seems, Congress should act as expeditiously as possible.”
As the infrastructure bill that brought a great deal of attention to Washington D.C. on the regulatory oversight of crypto, the 117th Congress now has seen 18 bills that have been introduced that directly impact cryptocurrencies, blockchain technology, or central bank digital currencies.
The US Congress is expected to vote on a new bill in regards to cryptocurrency taxation on August 7th – here’s what we know so far.
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