News list for " congressman"
Warren, a Democrat, called on Senate Democrats to oppose the measure, warning that it would open the door for big tech companies to take over the dollar.
U.S. Rep. Hill said Trump should cooperate with Congress on the issue of bitcoin reserves.
According to Fox News, Tether is in direct talks with U.S. lawmakers on stablecoin legislation to influence how the U.S. regulates stablecoins.
US Republican Congressman Anna Paulina Luna will lead a new working group that will be responsible for the "declassification of federal secrets". It is reported that the working group will release classified documents related to the assassinations of former US President John F. Kennedy, former Attorney General, former US Senator Robert Kennedy, and civil rights leader Martin Luther King, according to an executive order signed by President Trump. In addition, the working group will also be respon...
Musk expressed support for former Congressman Ron Paul to lead the Federal Reserve's audit.
Arizona Rep. David Marshall introduced House Bill 2387, which proposes strict regulation of cryptocurrency ATM operations. This follows a series of such incidents in the state, including a woman who was defrauded of $17,000 by scammers. The proposed bill would implement several protections, including: Daily trading limit of $1000 Mandatory state operator licensing Required refund policy options
U.S. Representatives French Hill and Brian Steele have released a discussion draft of a bill that would establish a regulatory framework for U.S. dollar-pegged payment stablecoins. The legislation would impose a two-year ban on the issuance of "endogenous collateralised stablecoins", meaning issuers would be prohibited from creating stablecoins backed by self-issued digital assets. In addition, it would require the US Treasury to promote research on stablecoins. Before the draft bill was release...
Illinois Congressman John Cabello introduced HB1844, which proposes the establishment of a strategic bitcoin reserve fund at the state Treasury. The bill, which requires bitcoin to be held in state custody for at least five years before it is allowed to be transferred, sold or converted into other cryptocurrencies, has been sent to the rules committee for final approval by lawmakers.
1. US Democratic Congressmen are calling for an ethics investigation into Trump's crypto project. 2. SAF: Has met with US Congressmen to discuss the "Bitcoin Strategic Reserve" proposal. 3. CryptoQuant: Since the launch of TRUMP, the total spot trading volume of centralized exchanges has reached $38 billion. 4. Goldman Sachs CEO: Goldman Sachs still cannot own, dominate or participate in Bitcoin. 5. BlackRock CEO: Bitcoin may reach $700,000 amid concerns about currency devaluation. 6. Standard C...
U.S. Rep. Gerald Connolly, Democrat of Virginia, has called on the U.S. House Oversight and Government Reform Committee to investigate whether President Trump's cryptocurrency enterprise conflicts with his presidential duties. Connolly said in a Jan. 21 letter to committee Republican Chairperson James Comer that Trump may have been removed from his W...
According to official documents, U.S. Rep. Jordan Teuscher of Utah proposed strategic bitcoin reserve legislation, which aims to authorize the state treasurer to invest in specific digital assets, including virtual currencies, cryptocurrencies and stablecoins with a market value greater than $500 million, and establish relevant requirements and regulations for the management and investment of these assets. The investment ratio shall not exceed 10% of the total funds in the account.
The Democratic leader of the U.S. House Financial Services Committee, California Rep. Maxine Waters, echoed the concerns of many cryptocurrency users and lawmakers who have accused Trump of harming legitimate projects in the cryptocurrency industry with the launch of Meme. Waters said in a statement on Jan. 20 that Official Trump (TRUMP) represents "the worst of Crypto" and...
U.S. Rep. Jordan Teuscher of Utah has proposed legislation for strategic bitcoin reserves.
Phillip Chen, a Republican member of the California House of Representatives, will draft a bill to support bitcoin, and Phillip Chen's office has appointed Proof of Workforce to oversee various bitcoin-related initiatives and assist in drafting formal bills for the upcoming legislative session. It is reported that Workforce Proof is a non-profit organization based in Santa Monica, California, that aims to assist workers, unions, pensions, and municipalities with education-based bitcoin adoption.
U.S. Congressman Cynthia Lummis says Wyoming has taken a bold first step towards strategic bitcoin reserves. Rep. Wasserburger introduced legislation to allow permanent funds to diversify into bitcoin.
