US Presidential Hopeful Andrew Yang Plans to Regulate Cryptocurrencies at Federal Level
The United States Presidential hopeful Andrew Yang reinforces his position on cryptocurrencies and technology hinting at his intention to regulate them.
SEC’s ‘Crypto Mom’ Hester Peirce Believes Digital Assets Could Be the ‘Money of Internet’
SEC’s Hester Peirce stated that cryptocurrencies prove to be important “transaction mechanisms” and their “store of value” is an important function of the digital assets.
U.S. Congress to Discuss Cryptocurrency With SEC Right After Bakkt is Launched
With a sense of urgency, the US Congress has set Sept. 24 as a day to thrash out issues relating to cryptocurrency together with the leadership of the SEC, which comes just a day after Bakkt launch.
After Visiting Switzerland, US Regulators Remain Worried About Facebook’s Libra
Following a visit to Switzerland to meet with the country’s financial regulators, United States lawmakers are still concerned over Facebook’s proposed cryptocurrency project, Libra.
Bitcoin Price On Its Way to Recovering, Similar Situation Paved a Way to Its $20k Price
Bitcoin had been in an uptrend for most of the day, and yesterday it managed to successfully pierce the $10,000 mark, which is generally considered to be a level of crucial psychological, if not technical, resistance.
Circle CEO to Testify in Senate Hearing on Digital Currencies and Blockchain
By Tolu Ajiboye
The Senate Banking Committee will hear arguments from Circle CEO and Co-founder, Jeremy Allaire on the digital currencies and the blockchain industry. Allaire hopes that a new regulatory framework will be adopted for the sector.
BTC-e Exchange and Alexander Vinnik Sued $100 Million by the US
On 25th July, FinCEN, an agency within the US treasury department, levied a fine on both Vinnik and BTC-e to the amount of $88,596,314 and $12,000,000, plus interest as provided by law for the involvement in certain monetary related criminal activities.
Ron Paul: I Am All Up For Cryptocurrencies, I Love Competition
Ron Paul, former congressman, and ex. presidential candidate called cryptocurrencies a ‘great idea’. He likes competing currencies and is a long-time proponent of winding down the Federal Reserve and radically restructuring how US dollar is issued.
U.S. Treasury Secretary: Bitcoin, Libra Pose National Security Threat
The Treasury Department has concerns that Libra, as well as Bitcoin, could be misused by terrorist financiers and money launders, to carry out illicit activities ranging from cybercrime to tax evasion, extortion, and ransomware.
Facebook to the U.S. Lawmakers: Libra Will Work With Policymakers and Respect Privacy
Facebook blockchain lead David Marcus sent a letter to U.S. lawmakers in which he addressed multiple questions asked by the government. Facebook says it will respect consumer privacy and is willing to work together with regulators.
Tens of US Watchdogs Ask Congress to Halt Facebook’s Libra Development Until the Hearing
In another attack on the Libra developments, 33 lawmakers have requested Congress to ask Facebook to stop further development on Libra before they answer all their concerns and questions.
As Global Regulators Demand More Insights Into Facebook’s Libra, Switzerland Remains Calm
Facebook’s Libra project is drawing scrutiny from global regulators soon after the announcement last week. After the US, European regulators have asked the company to furnish more details about its cryptocurrency plans.
US Congress Calls For Second Hearing on Facebook’s Libra in July
The chairwoman of the House Financial Services Committee Maxine Waters announced that the panel will hold the second hearing next month on Facebook’s plan to develop a cryptocurrency-based payments platform Libra.
France Makes G7 Crypto Task Force to Examine Facebook’s Libra
France decided to create a G7 taskforce in order to examine the ways how central banks can regulate Facebook’s Libra.
Senate Schedules July Crypto Hearing on Facebook’s Libra Coin
The U.S. Senate Banking Committee will hold a hearing on July 16 about Facebook’s new cryptocurrency, Libra. The hearing came after members of Congress said there is a need to more closely examine Libra and its potential risks.