How high can Bitcoin Pepe go as more US states eye Bitcoin reserve legislation?

Over 15 US states have initiated legislative efforts to integrate Bitcoin into their financial frameworks, highlighting benefits such as economic diversification, inflation hedging, and fostering technological innovation.

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Illinois and Indiana Move to Establish Strategic Bitcoin Reserves

Illinois and Indiana push for Bitcoin adoption with new legislation, aiming to enhance financial security, investment strategies, and blockchain integration. The post Illinois and Indiana Move to Establish Strategic Bitcoin Reserves appeared first on BeInCrypto.

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Taiwan may allow local banks to issue stablecoins tied to the new Taiwan dollar

Taiwan banks may issue NTD-pegged stablecoins FSC to propose a law in June 2025 for oversight Stability and regulation will be key for crypto integration In a groundbreaking move towards integrating cryptocurrency with traditional finance, Taiwan’s financial regulator is to propose legislation enabling local banks to issue stablecoins pegged to the New Taiwan Dollar (NTD).

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Syrian research explores Bitcoin legislation to stabilize currency amid challenges

The Syrian Center for Economic Research (SCER) has outlined an ambitious proposal to integrate Bitcoin into the Middle Eastern country’s financial system. On Dec. 31, Bam, the founder of the Arabic crypto channel Bitcoin 21, shared the SCER’s proposal on social media platform X while stating: “The Syrian Center for Economic Research publishes a proposal […] The post Syrian research explores Bitcoin legislation to stabilize currency amid challenges appeared first on CryptoSlate.

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Ohio lawmaker Derek Merrin introduces Bill to create state Bitcoin Reserve

A proposed legislation in Ohio seeks to incorporate Bitcoin into its financial plan. Derek Merrin, the Leader of the Ohio House Republicans, introduced the bill. 

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French Hill voted in to chair US House Financial Services Committee next year

Hill won after a second round vote, beating three other crypto-friendly Republicans Current Chair Patrick McHenry is retiring in on January 25, 2025 Hill has championed several crypto bills, including legislation to regulate digital assets Crypto-friendly French Hill will take over as Chair of the US House Financial Services Committee in next year’s new Congress.

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Texas lawmaker proposes state-managed Bitcoin reserve for financial stability

Texas lawmakers have introduced a bill to establish a state-managed Bitcoin reserve, aiming to explore the potential role of crypto in public finance. Filed on Dec. 13 by Republican Rep. Giovanni Capriglione, the legislation would allow the state to collect taxes, fees, and donations in Bitcoin, with the assets held for at least five years.

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FSOC urges Congress to pass stablecoin legislation to stabilize global finance

Key Takeaways: FSOC Flags Stablecoins as “Potential Risk” to Financial Stability. High market concentration and lack of appropriate regulatory frameworks are critical challenges. Urges comprehensive federal regulation of stablecoins due to their systemic risks.

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Switzerland Approves Bitcoin Mining Probe By Landslide Decision – Details

Switzerland has officially passed legislation to explore Bitcoin mining, signaling a growing acceptance among traditional financial institutions and governments worldwide.  This initiative, reported by Dennis Porter, CEO of the Satoshi Action Fund, reflects a broader trend accelerated by recent political shifts, including Donald Trump’s election, which have reignited interest in Bitcoin as a viable financial […]

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New Bill For National Bitcoin Reserve Introduced In Brazil’s Chamber Of Deputies

In a step toward integrating crypto into the country’s financial framework, Brazilian federal deputy Eros Biondini introduced a bill to create a national Bitcoin reserve.  Brazil’s Proposed Bitcoin Reserve Bill Filed on Monday, the legislation proposes the establishment of the Sovereign Strategic Bitcoin Reserve (RESBit), which is designed to diversify the financial assets of Brazil’s […]

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Satoshi Action Fund Launches ‘Strategic Bitcoin Reserve’ Model Legislation – And They Need Your Help!

The Satoshi Action Fund has unveiled its 'Strategic Bitcoin Reserve' model legislation, designed to revolutionize how state governments manage their financial future. This model bill empowers states to hold Bitcoin as part of their treasury.

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DeFi’s Renaissance

Pro-crypto legislation could allow DeFi to potentially connect with mainstream financial systems, says Toe Bautista.

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Andy Barr's 'Vision' for House Financial Services

Congressman Andy Barr (R-Ky. ) is one of the lawmakers running to succeed U. S. House Financial Services Committee Chair Patrick McHenry (R-N. C. ) as the head of the Republican wing of the committee, which oversees regulators like the Securities and Exchange Commission and is responsible for shepherding legislation that might affect the U.

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Taiwan to launch digital asset custody pilot for banks in 2025

Taiwan’s Financial Supervisory Commission (FSC) will launch a pilot program for institutions interested in digital asset custody services, local media reported on Oct. 8. The program is part of the country’s broader effort to foster financial innovation amid plans to introduce comprehensive legislation for the digital asset industry by the end of 2024.

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Senator Lummis Formally Introduces Bitcoin Strategic Reserve Bill Seeking To Strengthen US’s Global Financial Position

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US Senator Lummis unveils Bitcoin reserve legislation following Trump’s keynote

At Bitcoin 2024, Senator Cynthia Lummis proposed a more detailed plan for a strategic Bitcoin reserve to bolster the U.S. dollar and cement America’s global financial leadership. After days of anticipation, United States Senator Cynthia Lummis finally announced her proposed…

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US Senator plans to announce legislation for Strategic Bitcoin Reserve at Bitcoin 2024 

Sen. Cynthia Lummis of Wyoming is poised to announce legislation that could establish Bitcoin as a mainstream financial asset in the United States.

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Ron Wyden on FISA Reform and Crypto

Sen. Ron Wyden (D-Ore. ) has been a long-standing member of the U. S. Senate, and was a sponsor or co-sponsor of several key pieces of legislation enabling broad adoption of the internet. More recently, he voted in favor of a House Resolution overturning the Securities and Exchange Commission's Staff Accounting Bulletin 121, and questioned threats to personal and financial privacy online.

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Is the House’s FIT21 Bill Really the Legislation That Crypto Needs?

While many in the industry cheered the passing of the Financial Innovation and Technology for the 21st Century Act yesterday, many other raised criticisms and concerns.

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House passes FIT21 crypto bill with majority bipartisan support

The US House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21) on May 22. In all, 279 representatives voted yes, 136 voted no, and 15 abstained from voting on the proposed crypto legislation.

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House considers legislation for digital asset regulatory clarity

House Financial Services Committee Chair Patrick McHenry emphasized the importance of the FIT21 Act: "For far too long, the U.S. digital asset ecosystem has been plagued by regulatory uncertainty..."

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US Congress to potentially vote on new legislation for crypto industry by end of May

House Financial Services Committee Chairman Patrick McHenry said new legislation that will give the crypto industry greater clarity regarding regulatory oversight is set for a potential House floor vote by the end of May.

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President Joe Biden Will Veto Legislation Allowing Financial Firms to Custody Bitcoin: White House

This announcement comes amidst debates and discussions in Congress today regarding the regulation and oversight of digital assets.

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US Stablecoin Legislation Nears Approval: Rep. Maxine Waters

US Representative Maxine Waters, the ranking member of the Financial Services Committee, has suggested that bipartisan consensus is imminent regarding stablecoin legislation. This development underscores ongoing efforts across party lines and government agencies to establish a regulatory framework for digital assets.

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Sen. Lummis: It'll Pay to 'Choose Circle Over Tether' Under U.S. Stablecoin Proposal

Circle Internet Financial would have a distinct advantage over global stablecoin leader Tether under U.S. regulations along the lines being suggested by new legislation, according to one of the latest bill's authors, Sen. Cynthia Lummis (R-Wyo.).

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UK to Issue New Crypto, Stablecoin Legislation by July, Minister Says

The country passed a landmark bill in June that laid the foundation for stablecoins and other crypto to be treated as regulated financial activities.

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US Senators Gillibrand and Lummis Set to Unveil a New Stablecoin Legislation

Senators Gillibrand and Lummis's upcoming stablecoin legislation marks a crucial step towards integrating cryptocurrencies into the financial mainstream, promising innovation and regulatory balance.

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Key Congressman McHenry Is Bullish U.S. Stablecoin Law Will Pass This Year

The window is narrowing for legislation to set up rules for stablecoin issuers in 2024, but the retiring chairman of the House Financial Services Committee says it can be done.

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Crypto Users Beware: EU’s New Anti-Money Laundering Legislation Explained

The new regulation prohibits anonymous crypto transactions, aiming to enhance transparency and combat illicit financial activities. The post Crypto Users Beware: EU’s New Anti-Money Laundering Legislation Explained appeared first on BeInCrypto.

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Estonia’s crypto service providers face new regulations as government approves bill

The Estonian government has passed a bill that would see crypto service providers subject to new requirements. Under the proposed legislation, crypto firms would be supervised by Estonia’s Financial Supervision Authority (FSA).

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New Legislation Promises Improved Protection for South Korean Crypto Investors

Explore the upcoming regulations from South Korea's Financial Supervisory Service (FSS) aimed at bolstering virtual asset investor security. The post New Legislation Promises Improved Protection for South Korean Crypto Investors appeared first on BeInCrypto.

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Bitcoin Could Soon Be Adopted As Legal Tender In Germany As Parliament Member Proposes Novel Legislation

A lawmaker in Germany is not only strongly opposed to the digital euro but is proposing a better solution for a financial revolution in the country: Bitcoin. Joana Cotar, a member of the German Bundestag — the nation’s federal parliament — has recently proposed groundbreaking legislation to make Bitcoin legal tender in the country. German […]

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UK’s Tough Crypto Regulator FCA Won’t Go Easy on Stablecoins, Official Says

The Financial Conduct Authority (FCA) on Monday published a discussion paper with proposals for a stablecoin regime. Though the country’s Conservative government has said it wants the U.K. to be a crypto hub and has managed to push through legislation that lets stablecoins be regulated as a means of payment, the FCA has been a strict regulator and it will do most of the supervision work involving the broader crypto sector.

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Turkey eyes new law on crypto assets: report

Turkey is preparing a new law on crypto regulation, according to Finance Minister Mehmet Simsek. The legislation looks to toughen approach to money laundering and terrorism financing to bring Turkey into compliance with Financial Action Task Force (FATF) requirements.

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Turkey in 'Final Stage' of Bringing Crypto Legislation as Last Step to Get Off FATF's Gray List: Minister

Turkey is in the "final stage" of bringing crypto legislation to its parliament, a last step required for it to be removed from the Financial Action Task Force's (FATF) "grey list.

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UK legislation on confiscating illegal crypto assets officially receives Royal Assent

The UK has advanced its crypto regulation with the Economic Crime and Corporate Transparency bill, intensifying crackdown on financial crimes while striving to maintain a crypto-friendly stance. The United Kingdom has made a significant stride in its battle against economic…

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The Stablecoin Bill Is a Vital Upgrade for US Financial Plumbing

The Clarity for Payment Stablecoins bill is sensible legislation for technology that could help millions of people, says Circle’s Heath Tarbert, the former chair of the U.S. Commodity Futures Trading Commission.

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Australia proposes new licensing regime for crypto exchanges

Exchanges with specific asset levels must obtain an Australian Financial Services License The draft legislation is expected to go out by 2024. A consultative process seeks input from stakeholders and the public on 32 key regulatory themes.

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US lawmakers advance legislation blocking the digital dollar

On Sep. 20 the House Financial Services Committee will mark up two bills blocking a potential digital dollar in the United States.

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House Financial Services Committee announces ‘Digital Dollar’ hearing as pressure to pass crypto legislation intensifies

The House Finance Committee has announced another hearing on cryptocurrency regulation as demand for congressional action on the virulent industry intensifies. Held by the Digital Assets, Financial Technology and Inclusion Subcommittee and Entitled “Digital Dollar Dilemma: The Implications of a Central Bank Digital Currency and Private Sector Alternatives,” the hearing will take place at 2:00 […] The post House Financial Services Committee announces ‘Digital Dollar’ hearing as pressure to pass crypto legislation intensifies appeared first on CryptoSlate.

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US House Financial Services members scold Fed’s Powell for stablecoin bill obstruction

The committee members suspect the Fed is trying to hold up Congressional efforts to pass stablecoin legislation by restricting banks’ actions.

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US Congressman McHenry Praises Stablecoins, Calls Them Vital To 21st-Century Payments

In a notable move that highlights the growing acceptance and potential of stablecoins in modern payment systems, PayPal has announced the launch of its payment stablecoin PYUSD.  This development comes shortly after the House Financial Services Committee passed the Clarity for Payment Stablecoins Act, a bipartisan legislation that paves the way for regulated stablecoin issuers, […]

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House Financial Services Committee chair renews call for stablecoin legislation after PayPal’s PYUSD announcement

Representative Patrick McHenry, (R-NC), chair of the  U. S. House Financial Services Committee Chairman, endorsed PayPal’s recently-announced stablecoin on Aug. 7. McHenry said in a statement: “[PayPal’s] announcement is a clear signal that stablecoins—if issued under a clear regulatory framework—hold promise as a pillar of our 21st century payments system.

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Wall Street banks back Elizabeth Warren’s Digital Asset Anti-Money Laundering Act

U. S. senator Elizabeth Warren reintroduced the Digital Asset Anti-Money Laundering Act on July 28, backed by unlikely allies — the Wall Street banks. The Bank Policy Institute, a financial policy think tank made up of a cohort of banks, backed the legislation that aims to mitigate the national security risks posed by cryptocurrencies.

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US committee passes crypto custody bill as Chancer presale accelerates

The US House Financial Services Committee has passed the “Keep Your Coins Act of 2023,” a significant piece of legislation for the cryptocurrency industry in the United States. The bill comes at a time when the US SEC has sustained an onslaught on crypto firms, including large companies like Binance and Coinbase.

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A suite of crypto legislation passed the House Financial Services Committee this week

On July 27, the House Financial Services Committee advanced seven pieces of legislation concerning critical issues in digital asset regulation. They will now proceed to a full vote in the House. A Republican-led effort, the bill’s progression is a significant legislative moment for cryptocurrency regulations.

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US House Committee Moves Forward on Legislation Covering Stablecoins, Digital Assets and More

The House Financial Services Committee has approved seven pieces of legislation, signaling a major revamp in how digital assets, ESG impacts and small business lending data collection are regulated in...

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U.S. Stablecoin Bill Takes Big Step Despite Fight From Democrats, White House

House lawmakers cleared stablecoins legislation for the next step in its route through Congress on Thursday, though the House Financial Services Committee moved the bill toward a potential floor vote without bipartisan support as Chair Patrick McHenry (R-N.

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Landmark crypto legislation defines SEC, CFTC jurisdiction on digital assets, commodities

In a significant move for the digital asset ecosystem, the House Financial Services Committee passed the ‘FIT for the 21st Century Act,’ officially titled the “Financial Innovation and Technology for the 21st Century Act” on July 26.

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