Congress worries crypto used to fund domestic terrorism, Capitol insurrection
U.S. Congress subcommittee says that bank reporting methods led to Capitol attack arrests but worries that Bitcoin might have helped fund the insurrection.
Congress
Law Decoded: Bringing blockchain into securities markets, Feb. 12–19
But security tokens are not ready to take over the world quite yet.
US Lawmakers Looking Into China’s Role in GameStop Pump: Report
Some Republican members of the House Financial Services Committee want to look into Reddit’s ties to Chinese tech conglomerate Tencent and Robinhood rival Moomoo.
Bitcoin-touting Senator Lummis appointed to Banking Committee
In announcing the appointment, Lummis made clear that she hopes to get digital asset legislation moving.
Law Decoded: All vs. One and One vs. All, Jan. 22-29
In a week that saw meme-driven investors rail against Robinhood in what coverage painted as a David and Goliath story, considerations of who exactly policy should defend flared up.
US Congress Plans Hearings on GameStop Market Pumps
While Congress is planning multiple hearings, it’s less clear what financial regulators might do.
Rep. Soto seeks to create office to ‘coordinate’ Federal use of blockchain tech
The dedicated office would oversee “all non-defense related deployment and activities related to blockchain technology within the Federal Government.”
Congresspeople chastise the Treasury for rushing new crypto monitoring proposal
As many in the crypto industry have said, 15 days over the holidays is just not enough time to respond.
Congresspeople tell Treasury to back off of rumored self-hosted wallet ban
Congressman Davidson, in particular, sees potential Treasury action as a bad idea for everybody involved.
US Lawmakers Ask SEC to Clarify Broker-Dealer Rules
U.S. lawmakers asked the SEC and FINRA to clarify how crypto firms can become registered broker-dealers and provide custody services for crypto assets.
