WATCH: US Lawmakers Talk Digital Dollar, FedAccounts in Thursday Hearing
The “digital dollar” concept takes the spotlight Thursday as House Financial Services Committee members discuss how best to issue stimulus funds.
Congress
Four U.S. congressmen have asked the IRS to clarify how block rewards from proof-of-stake networks are taxed, to prevent taxpayers from owing more than they should.
Banks Won’t Rush to Hold Crypto – But OCC’s Regulatory Approval Makes It Harder to Ignore
Jul 24, 2020
Regulatory approval doesn't mean banks are about to begin providing crypto custody, but it is accelerating a conversation about financial institutions safeguarding bitcoin.
US Senator Toomey Highlights Digital Currency Regs as He Eyes Banking Panel Chairmanship
Oct 5, 2020
The Pennsylvania senator is eager to focus on fintech if he assumes the top post at the Senate Banking Committee.
The commission’s technology advisory committee made several presentations on various blockchain applications including CBDCs and digital tokens during a four-hour-long remote meeting last Thursday.
Lawmakers are calling on Twitter to answer for a hack that shook the platform, focusing on cybersecurity rather than scapegoating cryptocurrencies.
Congress
Crypto Analytics Firm Elliptic to Tell US Congress Privacy Coins Need Stricter AML Rules
Elliptic head of policy Liat Shetret will recommend that the U.S. push for greater enforcement of anti-money laundering regulation of crypto exchanges, including for traders using privacy coins, in a Congressional hearing on human trafficking.
