Crypto PACs spend $14M targeting crucial US Senate and House races

With most state primaries for the US House and Senate completed, the Fairshake PAC and its affiliates are supporting candidates in the November election.

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U.S. House Passes Crypto Illicit Finance Bill That's Likely to be Rebuffed in Senate

The U.S. House of Representatives has approved another piece of cryptocurrency legislation with a routine voice vote, though the bill to set up a government working group to assess how to keep bad actors from using digital assets isn't likely to become a law as-is.

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US House may vote to overturn Biden’s SAB 121 veto next week

While the House and Senate already voted to overturn SAB 121, it will need a two-thirds majority vote from both chambers to invalidate Biden’s veto.

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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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U.S. Sen. Wyden: House 'Right' to Pursue Crypto Bill, Late in Session for More Progress

AUSTIN, Texas – Sen. Ron Wyden (D-Ore.), one of the U.S. Senate Democrats who've shown some support for crypto issues, cast doubt Friday that a legislative solution for the industry would move quickly, but he suggested to an audience at CoinDesk's Consensus 2024 that the momentum will continue next year in Washington.

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McHenry pushes for Senate approval of FIT21 crypto bill

House Financial Services Committee chair Patrick McHenry is urging the Senate to pass a crucial bill that seeks to clarify cryptocurrency regulations prior to the November presidential election in the U.

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U.S. House's Emmer Says Best Hope For Crypto Legislation Is Year-End Session

Despite the crypto industry's high-profile recent wins in Congress, major legislation faces a massive practical roadblock in the Senate, U.S. Rep. Tom Emmer (R-Minn.) acknowledged Wednesday, saying that chamber will want its own say in a big crypto bill, leaving little time in the waning congressional session.

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U.S. House's Emmer Says Best Hope for Crypto Legislation Is Year-End Session

Despite the crypto industry's high-profile recent wins in Congress, major legislation faces a massive practical roadblock in the Senate, U.S. Rep. Tom Emmer (R-Minn.) acknowledged Wednesday, saying that chamber will want its own say in a big crypto bill, leaving little time in the waning congressional session.

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Spot ETH ETFs approved, crypto bill passes US House, and more: Hodler’s Digest, May 19-25

U.S. SEC approves spot Ether ETFs, FIT21 crypto bill goes to the Senate, and Sam Bankman-Fried held in Oklahoma.

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US CBDC, FIT21 crypto bills: 'A lip service' or balanced regulation?

The US House passed the FIT21 Act to set regulatory clarity for crypto.  Next on the line is the US CBDC bill and how the US Senate handles both.  US crypto regulation has recorded signifiThe post US CBDC, FIT21 crypto bills: 'A lip service' or balanced regulation? appeared first on AMBCrypto.

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US House Gives Green Light to Crypto Bill FIT21, Now Moves to Senate

The US House passed the FIT21 bill, marking a historic step in regulating crypto markets. The bill now heads to the Senate. The post US House Gives Green Light to Crypto Bill FIT21, Now Moves to Senate appeared first on BeInCrypto.

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FIT21 bill passed by US House of Representatives

The U.S. House of Representatives approved bill FIT21 by a majority of 279 to 136, pushing it to the Senate. This initial approval of the Financial Innovation and Technology for the 21st Century Act (FIT21) could significantly impact the cryptocurrency…

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U.S. Senate joins House to overturn SEC’s crypto policy

The U. S. Senate voted 60-38 on Thursday to overturn the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121 (SAB 121). This move aligns with a similar effort by the House of Representatives to erase the policy.

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U.S. Senate Votes to Kill SEC's Crypto Accounting Policy, Testing Biden's Veto Threat

The U.S. Senate joined the House of Representatives on Thursday in seeking to erase the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121, though President Joe Biden has vowed to veto the resolution.

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Coinbase’s Stand With Crypto launches political action committee

The advocacy group said it will begin officially endorsing political candidates for “common-sense crypto policy” in the U.S. Senate and House of Representatives.

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US House Opposes SEC’s Crypto Policy With New Resolution

The US House of Representatives has voted for a resolution to overturn the Securities and Exchange Commission (SEC)’s 2022 bulletin on crypto custodian accounting. US President Joe Biden released a statement opposing the resolution and revealing a possible veto if the bill passes the Senate.

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Stablecoin Bill Unlikely to Get Pinned to FAA Reauthorization, Putting Effort On Hold Again

Advocates for long-awaited U.S. stablecoin legislation tried to tie it onto an unrelated must-move reauthorization bill, but leaders in the Senate and House of Representatives are seeking to keep that effort clear of such attachments, according to a Democratic aide.

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House committee ranking member says a stablecoin bill could be coming soon

House Financial Services Committee Ranking Member Maxine Waters said a stablecoin bill “in the short run” was coming amid negotiations with Republican lawmakers and the Senate.

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Stablecoin regulation more likely this year following key discussions among lawmakers

Recent discussions between House leaders and Senate Majority Leader Chuck Schumer may lead to action on stablecoin legislation during this summer’s session or in the year-end lame-duck session, according to investment bank TD Cowen.

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Top U.S. House Lawmakers Meet on Stablecoin Bill Strategy: Punchbowl

The U.S. congressional effort to establish regulations for stablecoins has become an increasing longshot for passage this year, but the lawmakers who've pushed legislation the farthest reportedly had a meeting with Senate Majority Leader Chuck Schumer about it, Punchbowl News reported.

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Arizona State Senate Considering Adding Bitcoin ETFs to Retirement Portfolios

The bill has passed the Senate and is now being reviewed by the House.

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Virginia authorities pass bill to foster blockchain innovation

The U.S. state of Virginia has taken a significant step towards fostering blockchain innovation and expansion, as the state’s Senate Bill No. 339 has gained overwhelming support from the House of Delegates, signalling a commitment to studying and supporting the…

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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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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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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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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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Federal Reserve Board: Recent Market Turmoil Shows ‘Structural Fragilities’ of Crypto

The Board of Governors of the Federal Reserve have noted the risks of stablecoins by referring to the recent dramatic market crash in the monetary policy report submitted to the Senate and the House.

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New York State Senate Approves Bitcoin Mining Moratorium

The upper house of New York’s state legislature has passed a bill banning new Bitcoin mining permits for a period of two years. The post New York State Senate Approves Bitcoin Mining Moratorium appeared first on BeInCrypto.

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Florida Rep. Donalds introduces Financial Freedom Act companion bill in the House

The Republican congressman is supporting Sen. Tommy Tuberville’s Senate bill and financial services companies that want to include crypto in their 401(k) product offerings.

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US House of Representatives to Consider Legislation on El Salvador’s Bitcoin Adoption

The bi-partisan Accountability for Cryptocurrency in El Salvador (ACES) Act mirrors legislation that advanced out of a Senate committee last month.

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“The US Does Not Stand For Freedom”, Bukele Responds To U.S. Bill Against El Salvador’s Adoption Of Bitcoin

The US Senate passed its “Accountability for Cryptocurrency in El Salvador (ACES) Act” through committee on Wednesday, and the bill is set to be voted on by the house

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US Virginia Senate allows state banks to offer crypto custody services

Delegate Christopher T. Head introduced the bill (House Bill No. 263) back in January 2022, seeking an amendment to allow eligible banks to offer crypto custody services.

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Wyoming Legislators Propose a Bill Seeking to Issue a State-Backed Stablecoin

Four members of the Wyoming Legislature have backed a bill proposal that would see the State Treasurer issue a stablecoin. Wyoming State Senators Tara Nethercott and Chris Roth fuss together with  House representatives  Mike Yin and Jared Olsen, introduced the Senate file SF0106 on Thursday. 

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SEC chair has a new senior adviser for crypto

Corey Frayer has worked as a staff member of the Senate Banking Committee as well as a senior policy adviser for some members of the House Financial Services Committee.

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US to pass controversial infrastructure bill: House Speaker

The bill passed in the Senate in August and includes crypto-focused sections on tax… The post US to pass controversial infrastructure bill: House Speaker appeared first on Coin Journal.

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Infrastructure Bill’s Overlooked “Digital Assets” Tax Provision is a Disaster and an Attack on Privacy

The trillion-dollar infrastructure bill passed by the Senate and now pending in the House that has an overreaching definition of ‘broker’ also contains an overlooked “digital assets” provision. If this bill becomes law, that would be a disaster, said Abraham Sutherland, an adjunct professor at the University of Virginia School of Law and an adviser […] The post Infrastructure Bill’s Overlooked “Digital Assets” Tax Provision is a Disaster and an Attack on Privacy first appeared on BitcoinExchangeGuide.

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House Democrats Planning to Hike Tax on Crypto Assets in Infrastructure Bill

The trillion-dollar infrastructure bill has moved to the House to pass, and after fighting and losing in the Senate, another big fight is at the crypto industry’s door. Citing sources with the knowledge of the plans, Politico reported that Richard Neal, chairman of the House Ways and Means Committee, is the one preparing to add […] The post House Democrats Planning to Hike Tax on Crypto Assets in Infrastructure Bill first appeared on BitcoinExchangeGuide.

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Crypto Regulation: US House of Representatives Passes Crypto Task Force Bill

 The U. S. House of Representatives passed H. R. 1602, the “Eliminate Barriers to Innovation Act of 2021,” last week, sending it to the Senate. The senate subsequently referred it to the Senate Banking Committee.

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Iowa House Says Yes to Blockchain and Smart Contracts

The State of Iowa House has unanimously passed a bill, Senate File (SF) 541, that facilitates electronic transactions. According to the Gazette, the bill formally recognizes smart contracts. It also confirms the blockchain as a secure and reliable ledger for storing information.

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Wyoming: Senate Committee Approves Bill to Recognize DAOs as Companies

Wyoming continues to show the way to the world in embracing a digital, decentralized economy. DAO Bill Moves to the Wyoming House of Representatives Recently, the Wyoming state senate approved historical legislation that seeks to recognize decentralized autonomous organizations (DAOs) as companies.

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Kentucky Pushes Mining Tax-Breaks in Bid to Attract Crypto Community

The Kentucky House Budget Committee approved a bill in a 19-2 vote to eliminate the sales tax on electricity for use in cryptocurrency mining operations. The bill, designed to attract more miners to the state, is now in the Kentucky Senate for review.

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Congress announces hearings on stock market in light of Robinhood v. Reddit battle

Both the Senate and the House are looking into Wall Street's market practices, especially short selling.

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Fresh Biden Stimulus Package Could Help Boost Bitcoin

This comes after the current administration’s failed attempts to secure $2,000 stimulus checks, due to opposition from Senate Republicans. Now that the Democrats control both the House and the Senate, President-elect Biden can push for the higher figure without facing the same level of opposition the current administration has.

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New Stimulus Proposals Gain Support While Lawmakers Push for Second Stimulus Checks to Help Americans

Two new stimulus packages have been proposed while lawmakers continue to push for second stimulus checks to help Americans cope with the coronavirus-led economic crisis. House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell want to add stimulus measures to the spending bill that must be passed before the Dec.

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Second Stimulus Checks: When Lawmakers Will Pass Relief Package With Direct Payments to Americans

Negotiations on a new coronavirus aid stimulus package are still underway as Americans wait to receive their second round of stimulus checks. House Speaker Nancy Pelosi, President Donald Trump, and Senate Majority Leader Mitch McConnell have their own ideas of when the next stimulus package with direct payments to Americans will pass.

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Pelosi Rejects, Senate GOP Bridles at White House’s $1.8T Stimulus Offer: Reports

The speaker, though saying the boosted offer comes up short in several areas, didn't shut the door on a deal.

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US House Lawmakers Pass Two Key Blockchain Legislation; Bills Headed To Senate

Following a two-week debate in the U. S. Congressional House, the Consumer Technology Act, which covers the Digital Taxonomy Act and the Blockchain Innovation Act, passed on Tuesday. The Act will now head to the Senate for debate.

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Blockchain legislation heads to US senate

Blockchain legislation in the United States has passed the House and is now headed...

The post Blockchain legislation heads to US senate appeared first on Coin Journal.

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