U.S. House Speaker Drama Could Threaten to Unravel Crypto's 2023 Chances

Republicans in the U.S. House of Representatives are sprinting toward the worst case scenario in their scramble for a new speaker of the House, and their infighting could worsen the prospects for crypto legislation this year.

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Crypto Bills May Depend on U.S. House GOP Battle Over Scalise Speaker Pick

The U.S. House of Representatives won’t get back to work on crypto legislation if Republicans can’t unify behind majority choice Steve Scalise – or some alternative – after the party’s ousting of Speaker of the House Kevin McCarthy (R-Calif.) derailed the congressional agenda.

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According to McHenry, the U.S. House is expected to introduce a crypto bill within the next two months.

Rep. Patrick McHenry, the chair of the House Financial Services Committee, has announced that the committee will collaborate with the House Agriculture Committee to draft crypto legislation. The joint public hearings will begin in May, and the goal is to produce legislation that oversees the crypto industry within the next two months.

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CNBC’s Jim Cramer Criticizes Crypto and NFTs — “This Whole Thing Is Just A House Of Cards”

CNBC’s mad money host Jim Cramer has implored crypto investors to “sell everything”, terming the sector as a house of cards. The veteran markets reporter made the utterances Tuesday when asked about his thoughts on the ongoing crypto sector onslaught, particularly with the massive jobs cuts by Coinbase.

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Exploring Biden’s Executive Order on Crypto, 6 Months In

CoinDesk published its annual Most Influential series on Monday, highlighting a number of regulators, lawmakers and similarly impactful individuals. I spoke to Carole House, one of the authors of the White House executive order on crypto, to take a look at the document, its origins and where we are now.

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US House Investigators Say Rep. Cawthorn Improperly Promoted Crypto Token

Rep. Madison Cawthorn (R-N.C.) is already exiting the U.S. Capitol after losing his seat in this year’s elections, but an ethics investigation unveiled Tuesday will secure something of a legacy for the young congressman: How not to promote cryptocurrency while in Congress.

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The Members of Congress Who Have Stablecoin Issuers Watching Their Next Moves

Anticipation for a crypto bill out of the House Financial Services Committee ran so high this year that stablecoin issuers have been trying to meet the bill’s expected standards before the rules are even set.

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Coordinating the Federal Government's Approach to Crypto

President Joe Biden raised the hopes of the U.S. crypto industry by signing an executive order that directed federal entities to better regulate crypto. That’s why Carole House, a former White House adviser and one of the order’s chief authors, is one of CoinDesk’s Most Influential 2022.

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Are Metacities a Step Forward in the Metaverse, or Just a Pipe Dream?

Crypto House Capital is building a new city in the metaverse called Skylum, which it claims is the first of its kind. Skylum is intended to be a "metareal city" that will be part of augmented reality, with physical buildings that have virtual counterparts.

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U.S. House Committee Chairwoman Under Fire For Tone of SBF Invitation

U.S. House Committee Chairwoman Maxine Waters is under heavy criticism from the crypto community for the tone of her invitation to SBF. The post U.S. House Committee Chairwoman Under Fire For Tone of SBF Invitation appeared first on BeInCrypto.

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Brazil’s Congress Passes Bill Legalizing Bitcoin, Ether Payments

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House on a hill: Top countries to buy real estate with crypto

More countries are beginning to allow real estate purchases using crypto, here are some of the top destinations.

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Crypto Exchanges Record Massive Outflow Of Bitcoin, What Does This Indicate?

The growth of Bitcoin and crypto exchanges over the years reflects the industry’s evolution. Exchanges have been the most critical businesses supporting the blockchain and crypto protocols. In addition, the exchanges, led by the top figures in the industry, house most of the iconic brands in the crypto ecosystem.

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Republicans Secure US House Majority, Will Shift Path for Crypto Bills

The U.S. Congress will officially be split between the two major parties after results from the Nov. 8 election put a 218th seat in the Republican column, giving that party a majority in the House of Representatives as the crypto industry awaits legislation that could define its future.

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Newly Elected US House Whip Emmer Downplays FTX Meltdown, Cheers Crypto

Rep. Tom Emmer, a co-chair of the congressional blockchain caucus, was chosen for a leadership role in the next Congress and is bullish on digital assets in the wake of FTX.

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Crypto’s Political Cash Backs Winners, But New Lawmakers Will Arrive Under FTX Cloud

All 19 of the congressional candidates backed by the crypto industry’s most widely supported political action committee, GMI PAC Inc. , won their races last week, sending 16 new members to the House and Senate.

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The Long Arm of FTX

Two weeks ago, I thought the biggest story for the week of Nov. 8 would be the U. S. midterm election. Control of both the House and the Senate were up for grabs, with the future of crypto legislation at stake.

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White House Goes Back to the Future With FDIC Chair Pick Gruenberg

President Joe Biden has chosen to nominate Federal Deposit Insurance Corp. (FDIC) Acting Chairman Martin Gruenberg to return to the chairmanship he held in previous administrations. The FDIC will have a key role in how crypto will mesh with the U.

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Crypto Biz: Crypto’s day of reckoning has arrived

After lecturing us about crypto regulation, Sam Bankman-Fried's house of cards collapsed this week as FTX declared bankruptcy.

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White House says ‘prudent regulation of cryptocurrencies‘ is needed, hinting at situation with FTX

According to Press Secretary Karine Jean-Pierre, the administration and financial agencies will “closely monitor” developments in the crypto market.

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White House Says FTX Crash ‘Underscores’ Crypto Concerns

The White House said it is keeping an eye on Bahamas-based crypto exchange FTX’s rapidly unfolding liquidity crisis.

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Election Day Is Here. Here’s What It Means for Crypto

The United States is voting in critical midterm elections, and crypto fans are watching closely. Decision 2022 Americans have hit the polls today for a critical midterm election. The House,...

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Ex-House Speaker, Former Justice Official Join US Policy Crew Assembled by Paradigm

Paul Ryan, the former speaker of the U.S. House of Representatives, will join past leaders of both parties’ congressional campaign committees in a group formed by Paradigm in a bid to help shape the crypto policies coming out of Washington, company officials said.

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Leandro Lopes Fashion House Goes Crypto

Blockchain technology and the digital economy are penetrating many areas of life. Leandro Lopes (LL) is a multidimensional and authentic upcoming fashion brand that constitutes integrity through high-quality and exclusive individual designs.

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White House Convenes Summit for Stopping the Spread of Ransomware

Among other moves, the President’s office plans to share information with partners about crypto wallets used for laundering extorted funds.

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Crypto Predictions Site Polymarket Foresees Republicans Winning Both Senate and House

Cryptocurrency predictions site Polymarket is giving an overall 64% chance to Republicans for taking control of Congress indicating Democrats could be in for a rude shock.

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UK Lawmakers Favor Regulating Crypto As Financial Instrument

Following the appointment of the new prime minister in the UK, who is a pro-crypto-enthusiast, the lower parliament house of the state assembly votes in favour of regulating virtual assets as per the Financial Services and Markets Bill.

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US lawmakers question regulators over ‘revolving door’ with crypto industry

“Americans should be confident that regulators are working on behalf of the public, rather than auditioning for a high-paid lobbying job,” said five senators and House members.

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UK Lawmakers Vote to Recognize Crypto as Regulated Financial Instruments

The lower house of the parliament voted in favor of adding crypto assets to the scope of activities to be regulated via the proposed Financial Services and Markets Bill – which already seeks to extend payments rules to stablecoins.

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Crypto Bro Ridiculed for Buying NFT House

Brilliant or pointless? Latest use case of non-fungible tokens sparks heated debates on social media

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Kazakhstan Legislature Pushes New Crypto Rules Forward: Report

The lower house of the country's parliament has passed five bills relating to digital assets on the first reading as the government tightens its grip on crypto mining.

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US Lawmaker Offended as Federal Energy Agencies Show Unwillingness to Act on White House’s Crypto Mining Recommendations

Jared Huffman, a United States House of Representatives member, has reportedly queried some U. S. federal agencies’ unwillingness or reluctance to respond to recommendations in a recently released White House report on cryptocurrency mining.

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Lawmakers Propose Bill To Include Crypto In Cybersecurity Act

Two U.S. Republican senators, Marsha Blackburn of Tennessee and Cynthia Lummis of Wyoming, have introduced a bill that, if passed by the Senate and House, could see crypto companies legally reporting and sharing with federal and state authorities and among themselves any cyber threat indicators, activities, individuals/companies, and information they may deem as a cyber-security […]

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US lawmaker hints at calling for Republican votes in 2022 midterms over crypto policies

Representative Patrick McHenry said regulatory clarity for digital assets would be one of his "top priorities" if he became the next chair of the House Financial Services Committee.

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‘Time is not on our side’ to provide regulatory clarity on crypto — US lawmaker

“We’ve got to move, pick a regulator, and give the market the certainty and guardrails it deserves,” said House Representative Josh Gottheimer.

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Push to Enhance CFTC’s Crypto Watchdog Role Gets a Boost in US Congress

Congress’ attempt to make the Commodity Futures Trading Commission (CFTC) the primary U.S. cryptocurrency regulator took a procedural step forward on Thursday, with a House lawmaker introducing a bill supporting a parallel effort in the Senate.

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Here’s What’s In the White House’s Crypto Reports

The White House published six reports and a framework. Here’s what they said.

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JPMorgan CEO slams crypto as ‘decentralised Ponzi schemes’

JPMorgan (NYSE: JPM) CEO Jamie Dimon has slammed cryptocurrencies, pointingly mentioning Bitcoin (BTC), as nothing but ‘decentralised Ponzi scheme. ’ Dimon’s fresh criticism of crypto came during a US House Committee Oversight hearing on Wednesday.

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TerraUSD-Like Stablecoins Would Be Banned For Two Years Under New House Committee Plan

The House of Representatives Financial Services Committee has proposed a bill that would put a two-year ban on algorithmic stablecoins such as TerraUSD Classic (USTC), which collapsed dramatically —  making the entire ordeal one of the single-biggest capital destructive events in the history of crypto.

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Hearing: Alternative payments’ threat to national security goes far beyond crypto

Crypto is just the tip of the iceberg, experts tell a U.S. House Financial Service subcommittee in testimony on payment systems and national security.

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White House’s first crypto framework and missed opportunities — Law Decoded, Sept. 12-19

The industry didn’t take the document well, as the policymakers’ focus on security and enforcement is all too visible.

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Binance CEO Hails White House Crypto Framework, Citing ‘Responsible Innovation’

Binance CEO Chanpeng Zhao has praised the digital assets report from the White House, saying it shows initiative on the part of the US government. The post Binance CEO Hails White House Crypto Framework, Citing ‘Responsible Innovation’ appeared first on BeInCrypto.

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White House Getting Increasingly Pro-Crypto, Expresses Support For A CBDC

For years, the US government, along with others across the world, hasn’t been very receptive to crypto technology. Bitcoin, for one, has faced resistance for the years ever since it came into being back in 2009.

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First Crypto Regulatory Framework Released By The White House, Here’s More About It!

United States President Joe Biden has passed an executive order on crypto, which is called “Ensuring Responsible Development of Digital Assets. After this, the federal agencies introduced a joint fact sheet on six principal directions for regulation in the U.

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Blockchain Association calls White House's crypto framework a 'missed opportunity'

Critics claimed the Biden administration's reports focused on environmental concerns over crypto's energy consumption and illicit uses rather than the technology's benefits.

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White House Finally Publishes A Framework For Crypto Regulation

The White House has officially released a report detailing specific regulatory measures for cryptocurrencies.

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White House Releases Bitcoin, Crypto Regulatory Framework

Following U.S. President Biden’s executive order, the White House published a framework for CBDC development and strict regulation of the ecosystem.

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White House releases inaugural framework for crypto regulation

The White House has released the framework for cryptocurrency regulation based on the earlier executive order from President Biden. The post White House releases inaugural framework for crypto regulation appeared first on CryptoSlate.

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White House publishes ‘first-ever’ comprehensive framework for crypto

The fact sheet sums up the efforts of nine federal agencies’ research over the past six months.

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