Sen. Warren to reintroduce AML bill extending to DeFi and DAOs

Senator Elizabeth Warren first introduced the AML Act of 2022 on December 15, 2022. The first bill was read twice and referred to the Senate banking Committee. The senator now wants to reintroduce the bill to also cover decentralized entities. The past few weeks have seen some hostile moves by several regulatory authorities in the […]

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Bakkt to sunset app as focus turns to scaling B2B business

Bakkt App will officially terminate on 16 March 2023, the firm announced today. However, Bakkt says app users will still access their cryptocurrencies and cash through a new web experience. The company says its focus now is on scaling its business-to-business-to-consumer (B2B2C) solutions. Bakkt, a leading custody and digital economy provider for cryptocurrency, loyalty, and […]

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Binance to suspend USD deposits and withdrawals: report

Binance is reportedly set to suspend all US dollar (USD) deposits and withdrawals. According to a crypto news report on the matter, the suspension starts on 8 February 2023. Binance will reportedly continue to support all other payment methods, including bank transfers in another currently supported fiat currency. Binance will temporarily pause US dollar deposits […]

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US Banking Committee chairman suggests banning cryptocurrencies

Banking Committee chairman Sherrod Brown made the suggestion during an appearance on NBC’s “Meet the Press.” He however stated that it would be “very difficult” to ban crypto since they would simply “go offshore.” Brown has been calling for imminent and aggressive action to be taken on crypto for the last 18 months. During a […]

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Terra to buy $10 billion worth of Bitcoin to back UST stablecoin

Terra plans to buy and hold up to $10 billion worth of Bitcoin, a…

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As SEC Stalls on a Bitcoin ETF, Grayscale Is Campaigning

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Which Regulators Are Shaping U.S. Crypto Policy?

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Colorado to Accept Crypto for State Taxes From This Summer

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Treasury Confirms Miners Exempt From IRS Reporting Rules

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U.S. Crypto Investors Reject IRS Settlement

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New Act Could Let Treasury Secretly Ban Crypto Transactions

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How to Calculate Your DeFi, NFT, and Airdrop Taxes for 2022

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Is Ethereum a Security? Gensler Stutters Over Question Again

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U.S. Congress Reportedly Set for Hearing on Bitcoin’s Carbon Footprint

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Senator Cynthia Lummis to Present Crypto Bill Next Year

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Stablecoins Empower the U.S. Dollar, CEOs Tell Congress

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Ripple Proposes Its Vision for Cryptocurrency Regulation

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SEC Ready to Approve First Bitcoin Futures ETFs: Report

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Report Alleges Tether Owns Billions In Chinese Debt

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Democrats Slam Outdated Stablecoin Bill In 2023’s First Hearing On The Issue

The post Democrats Slam Outdated Stablecoin Bill In 2023’s First Hearing On The Issue appeared first on Coinpedia Fintech News

In a recent hearing, the U.S. House Financial Services Committee discussed a draft bill that was released over the weekend. The bill aims to regulate stablecoins, a type of digital currency that is designed to maintain price stability by being pegged to the value of another asset. Prominent Democrats cast doubt on Wednesday over the …

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