US Senate to Approve GENIUS Act for Stablecoins by May 26: Senator Cynthia Lummis
Senators Cynthia Lummis and Kirsten Gillibrand anticipate the GENIUS Act for US-based stablecoins could be passed by Memorial Day, May 26.
US Senate Prepares Vote on Controversial IRS Crypto Reporting Regulation
Lawmakers, including Senator Ted Cruz and Cynthia Lummis, have introduced a resolution to overturn the IRS rule, with a vote expected this week.
US Senate Introduces Bill to Curb Crypto ATM Scams, Impose $10,000 Fine for Violators
By staff writer
Scammers are getting smarter with better technology, tricking people—especially older individuals—into putting their money in Bitcoin ATMs under false promises.
US Senate Propose to Hold National Security Tests on Blockchain
The Senate committee is urging the Department of Defense (DOD) to investigate blockchain applications to enhance national security and create secure, transparent, accountable, and auditable data for supply chains.
US Senators Introduce Bill Prohibiting Unbacked Algorithmic Stablecoins
The Lummis-Gillibrand Payment Stablecoin Act bill would give federal and state regulators authority over stablecoin.
US Treasury Department Wants Budget Bill to Force Global Crypto Data Sharing
By Tolu Ajiboye
According to the Treasury Department’s proposal, the budget bill will require crypto businesses to report information on foreign owners.
What Is in New US $1 Trillion Infrastructural Bill?
It was also revealed that the Senate Minority Leader Mitch McConnell questioned why the government would be spending trillions “when inflation is already sticking American families with higher costs.”
Tyler Winklevoss: New US $900B COVID-19 Stimulus Bill Is ‘Advertisement’ for Bitcoin
Tyler Winklevoss has called the new coronavirus stimulus package “another $900 billion advertisement for Bitcoin.”
Dorsey and Zuckerberg to Face Congress on Election Censorship
By Darya Rudz
At 10 AM Eastern today, the hearing “Breaking the News: Censorship, Suppression, and the 2020 Election” will take place. Dorsey and Zuckerberg will hear criticism from both Democrats and Republicans.
U.S. Senate Committee Discusses Digital Dollar as Giancarlo and Others Testify
The U.S. Senate committee on banking, housing and Urban Affairs held a virtual hearing yesterday on the “Digitization of money and Payments”. Chris Giancarlo and others were in attendance.
BitPAC, a Political Action Committee, Launches ICO to Support US House Candidates
Recently a political action committee (PAC) BitPAC announced that they are going to conduct an initial coin offering (ICO) to support the candidates for public office. By donating, participants will receive Politicoins in return.