The Executive Office of US President Joe Biden has announced its stance on proposed legislation, H.J. Res. 109, that would allow highly regulated financial firms to act as custodians for Bitcoin and other cryptocurrencies. JUST IN: 🇺🇸 US President Joe Biden Administration says Biden would veto legislation that would allow highly regulated …
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The United Kingdom is poised to enact new legislation covering stablecoins and various crypto activities, including staking, trading, and custody. The forthcoming regulations, which are expected to be implemented by June or July 2024, mark a significant milestone as they bring digital assets, such as the operation of exchanges and …
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The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. As the Argentine economy is racked by record inflation, its people …
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According to a report by Fortune Magazine, the state of Wyoming is looking to solidify its position as a crypto-friendly state with the recent signing of the Decentralized Unincorporated Nonprofit Association Act. The legislation establishes a legal framework for Decentralized Autonomous Organizations (DAOs) and addresses a significant challenge in fitting …
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In a recent statement before the House of Representatives, US Treasury Department Secretary Janet Yellen emphasized the need for Congress to pass legislation that provides clarity and regulation in the crypto markets. Secretary Yellen Calls For Action ‘Digital Asset Risks’ During the Financial Committee hearing, Yellen highlighted the “risks” associated …
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In a significant move towards embracing blockchain technology, the United States Congress Committee on Energy and Commerce recently achieved a milestone by unanimously passing the Deploying American Blockchains Act of 2023. The bill voted in favor with a 46-0 majority, was part of a comprehensive session tackling 44 pieces of legislation. Secretary …
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Despite the D.C. push to establish guardrails around artificial intelligence, major studios are warning against “inflexible” rules when it comes to copyright, asserting that existing law is sufficient to deal with the emerging AI technology. The studios’ positions on a host of issues regarding AI were outlined in a Motion …
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In the heart of Sacramento, a quiet drama unfolds. As California’s legislative session concludes, two pivotal crypto regulatory bills, AB 39 and SB 401, stand on the cusp of becoming state law. These developments carry profound implications for the bitcoin and broader crypto industry, transcending California’s borders to influence future …
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The “Stand with Crypto” campaign will have a strategic focus on nine specific states in the United States: New Hampshire, Nevada, Ohio, Pennsylvania, Arizona, California, Georgia, Illinois, and Wisconsin. The Coinbase “Stand with Crypto” campaign is dedicated to advocating for favorable cryptocurrency legislation in the United States. This initiative follows …
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India is working on a crypto regulatory framework based on the joint recommendations of the International Monetary Fund (IMF) and the Financial Stability Board (FSB) that could result in legal legislation in the next 5-6 months. Siddharth Sogani, the CEO of CREBACO that has worked with government agencies and ministries, …
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Armstrong said lawmakers are again looking to create crypto legislation in the US following Ripple’s court win and the increase in Bitcoin ETF applications. According to Coinbase CEO Brian Armstrong, lawmakers in the United States are giving renewed attention to crypto legislation. Speaking to Axios, Armstrong said lawmakers are committed to …
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The UK government wants to adopt the nascent crypto asset industry to enable exponential growth to its economy away from the Brussels shackles. Having successfully secured its independence from the European Union through Brexit, the United Kingdom (UK) continues to reorganize its internal policies to attract international investors and streamline …
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