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Executive Order 14067, officially titled Ensuring Responsible Development of Digital Assets, was signed on March 9, 2022, and is the 83rd executive order signed by U.S. President Joe Biden. The ultimate aim of the order is to develop digital assets in a responsible manner. [ 1 ]
The bill has the support of the cryptocurrency industry because it will deliver customer protections and long-sought-after regulatory clarity. We hope that Congress’s bipartisan support for the ...
The bill classifies a blockchain as decentralized if, among other requirements, no person has unilateral authority to control the blockchain or its usage, and no issuer or affiliated person has control of 20% or more of the digital asset or the voting power of the digital asset. In addition, the bill provides the CFTC with exclusive regulatory ...
On 6 May, 2022, the United States Treasury issued a sanction on a virtual currency mixer, called Blender.io, for the first time. [53] According to their press release, this is in response to its usage by a DPRK hacking group in processing $20.5 million in stolen currency. [54]
Law professors who've long pushed for a digital dollar worked with Congress to bring the concept to a series of coronavirus relief bills earlier this week.
Rep. Tom Emmer (R-MN) recently re-introduced a bill that would effectively block efforts from the Fed and Biden administration to develop and institute a central bank digital currency (CBDC) that ...
The Digital Commodities Consumer Protection Act (DCCPA), S. 4760, is a proposed United States federal law to regulate the trading of cryptocurrencies and related digital assets. [1] It would place the regulation of crypto assets under the authority of the Commodity Futures Trading Commission , which already regulates the trading of financial ...
A digital dollar could level the playing field. ... Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S ...