Tag Archives: crypto bill

The House Financial Services Committee has approved new legislation that’s set to create a regulatory framework in the United States for digital currency trading. New Crypto Legislation Heads for the U.S. The legislation was largely pushed by republicans, though six democrats – including representatives Jim Himes of Connecticut, Steven Horsford of Nevada, Wiley Nickel of North Carolina, and Brittany Pettersen of Colorado – joined them in their efforts to cement...

Several federal and state government entities, as of late, have worked hard to better understand the crypto industry and implement appropriate regulation to ensure safety amongst traders, though not all these attempts have been successful, and in Illinois, a new crypto bill has come to a dead standstill and is now facing the possibility of being vetoed later in the year. New Illinois Crypto Bill Appears to Be Stuck in the Mud Known as House Bill 3479, the document...

The state of Texas is looking to be one of the first in the American union to regulate cryptocurrency. Texas Looks to Create New Crypto Regulation Not long ago, House Bill 1666 made its way onto the desk of Greg Abbott, the state’s governor. The bill is a nod to the FTX debacle of last year and will seek to ensure proper and safe trading environments for all residents of Texas that hold or trade digital currencies. The goal is to make sure everybody’s money steers...

The U.S. isn’t crazy about the bitcoin agenda implemented by El Salvador. As a result, several members of Congress are now working to create a new law that would require El Salvador to report to American officials regarding its bitcoin use to ensure accountability. El Salvador Is the Object of America’s Bitcoin Suspicions The law is called the Accountability for Cryptocurrency in El Salvador (ACES) Act. It was written and introduced by Norma J. Torres, a democrat from...

India is proposing a new bill that if passed, would see the combination of regulation and a ban in the crypto world. India Has a New Crypto Bill in Play The nation has had a rather up-and-down relationship with bitcoin and crypto. Roughly three years ago, India stated that it would not allow cryptocurrency or blockchain businesses to access standard financial tools like checking and savings accounts. It was widely – and incorrectly – reported that India was full-on...