Cointelegraph By Turner Wright
Industry experts and lawmakers who spoke at a hearing of the United States Senate Committee on Banking, Housing, and Urban Affairs clashed on how the country should handle digital assets used for illicit purposes.Speaking remotely in a Thursday hearing on “Understanding the Role of Digital Assets in Illicit...
Representative Brad Sherman will be introducing a bill in the House aimed at cracking down on U.S. businesses handling crypto transactions for Russian banks and individuals.Speaking at a hybrid markup meeting with the House Financial Services Committee on Thursday, Sherman said he will be introducing a companion bill...
Jake Chervinsky, head of policy at crypto advocacy group the Blockchain Association, said the United States should be careful to avoid a “totalitarian nightmare” in its potential launch of a central bank digital currency, or CBDC.Speaking at Austin’s SXSW festival on Tuesday in a panel on ‘Financial Surveillance...
Volodymyr Zelenskyy, the president of Ukraine currently based in Kyiv, has signed a law establishing a legal framework for the country to operate a regulated crypto market. In a Wednesday announcement, Ukraine’s Ministry of Digital Transformation said Zelenskyy signed a bill named “On Virtual Assets,” first adopted by the...
Major credit card company American Express has filed trademark applications for some of its logos and designs, hinting at expanding into the metaverse.According to applications submitted to the U.S. Patent and Trademark Office on Wednesday, American Express may be readying to provide “virtual concierge services” related to credit...
Former Federal Reserve Board governor Sarah Bloom Raskin has withdrawn her name for consideration as the central bank’s vice chair for supervision in an attempt to allow other nominations to move forward.According to a Tuesday tweet from Washington Post journalist Seung Min Kim, Raskin sent a letter to...
South by Southwest, one of Austin’s biggest festivals with exhibits from tech industry leaders, films and musical acts, kicked off its first weekend — and the theme for many seemed to be nonfungible tokens, or NFTs.From Friday to Sunday, companies from Doodles to luxury car manufacturer Porsche offered...
The United States and European Union have announced new actions targeting Russia’s economy and wealthy individuals as a report suggests Vladimir Putin’s allies have attempted to circumvent sanctions using cryptocurrency in foreign countries.In a Friday announcement, the White House said leadership from the United States, Canada, France, Germany,...
The United States Securities and Exchange Commission, or SEC, has disapproved spot Bitcoin exchange-traded fund applications from the New York Digital Investment Group and fund manager Global X after deferring on a decision several times in the last year.According to two separate Thursday filings, the SEC rejected proposed...
Nine Republican senators have backed legislation aimed at directing the policy of U.S. government agencies around concerns that China’s digital yuan may be used to circumvent sanctions and compromise users' personal information.In a Wednesday announcement, Louisiana Senator Bill Cassidy and Tennessee Senator Marsha Blackburn, backed by seven other...
