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Known Crypto-Hater Sherman to Chair Congressional Subcommittee on Investor Protection

News The anti-crypto United States Congressman Brad Sherman (D-CA) has been elected to serve as Chairman of the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets. On Dec. 5, Chairwoman of the House Financial Services Committee Maxine Waters (D-CA) announced that Sherman was..

US Lawmakers Want to Brand Libra a Security, Association Disagrees

Analysis A couple of United States lawmakers are looking to classify stablecoins as securities. With Libra considering adopting fiat-pegged stablecoins rather than a single token supported by a basket of national currencies, the proposed crypto project might be facing yet another regulatory hurdle..

US Congress Wrestles With Financial Technologies and Data Privacy

Follow up On Nov. 21, the United States Congressional Task Force on Financial Technologies held a hearing on the role of big data in financial services. The last major legislation focused on the subject was the Gramm-Leach-Bliley Act of 1999, which formalized a financial service firm’s obligation..

US Federal Reserve Exploring Digital Dollar and Its Effect on Monetary System

News The United States Federal Reserve System is exploring the development of a central bank digital currency (CBDC) and what issues and risks it could potentially pose. Federal Reserve Board Chairman Jerome Powell provided a response to U.S. Representatives French Hill and Bill Fosters’ request o..

Rep. Davidson Sees Place for Blockchain in US Manufacturing Despite Congress’ Concerns

News United States pro-crypto Congressman Warren Davidson (R-OH) has once again called for clear regulations of blockchain industry to maintain U.S. economic dominance. On Nov. 4, Davidson published a letter in the Wall Street Journal in response to an Oct. 24 report on automation in manufacturing..

Two Pro-Crypto US Congressmen Note Bitcoin White Paper’s 11th Birthday

News U.S. Representatives Patrick McHenry (R-NC) and Warren Davidson (R-OH), have encouraged Bitcoin (BTC)-powered innovation on the Bitcoin white paper’s 11th birthday. U.S. policymakers should not attempt to deter Bitcoin’s techU.S. congressman McHenry, who represents North Carolina’s 10th Distr..

Why Libra Isn’t Ready and Congress Not Buying Zuckerberg’s Testimony

Opinion Facebook’s CEO Mark Zuckerberg returned to Capitol Hill to testify before Congress on Oct. 23 about the company’s planned use of the cryptocurrency it is backing, Libra, attempting to debunk the voluminous number of concerns surrounding Facebook’s regulatory measures. This marks Zuckerberg..

After 6 Hours of Zuckerberg Testimony, Congress Still Hates Libra

Follow up Yesterday, Oct. 23, Cointelegraph reported from the United States House of Representatives as the Financial Services Committee questioned Facebook CEO Mark Zuckerberg for over six hours. While focused on the Libra Association and its planned Libra token, the hearing expanded to touch on ..

Libra Could Serve as Counter to Chinese Digital Currency, Says Zuckerberg

News Facebook CEO Mark Zuckerberg testified before the United States House of Representatives Financial Services Committee today regarding the Libra stablecoin project. Facebook’s Libra vs. China’s digital renminbiDuring the much-anticipated hearings before Congress on Oct. 23, lawmakers and the C..

Zuckerberg: Facebook Would Leave Libra if It Launched Too Early

News Facebook could withdraw from the Libra Association — the governing body of the eponymous stablecoin project — should it launch without approval from regulators in the United States. Libra could lose its primary memberIn a Congressional hearing on Oct. 23, Facebook CEO and founder Mark Zucker..

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