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U.S. Senators Thom Tillis and John Hickenlooper have reintroduced the Proving Reserves of Others Funds Act. This act is a bipartisan bill designed to prevent crypto custodians from co-mingling customer assets with company funds and to strengthen reserve transparency requirements.…
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North Carolina has become the latest U.S. state to explore crypto investments for public pension funds, with lawmakers introducing two bills to allow allocating up to 5% of certainfunds to digital assets. Lawmakers in North Carolina have introduced two separate…
BTC
Bitcoin
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The White House is pushing Congress to accelerate the passage of the GENIUS Act, a bill aimed at regulating payment stablecoins. This pressure comes with the goal of getting it to President Donald Trump’s desk within two months, Crypto in…
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House Democrats are targeting President Donald Trump’s $TRUMP meme coin with new legislation aimed at preventing top U.S. officials from profiting from digital assets. Rep. Sam Liccardo plans to introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act on Thursday,…
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A Strategic Bitcoin Reserve Bill is heading towards a full vote after passing in the Oklahoma State House Committee, despite BTC’s recent drop below $90,000. According to a state document, the Strategic BTC Reserve bill has been recommended to pass…
BTC
Bitcoin
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Coinbase is pushing Congress to pass legislation that provides regulatory clarity for the cryptocurrency industry, arguing that inaction leaves consumers vulnerable and drives innovation overseas. In a two-page statement, Coinbase Chief Policy Officer Faryar Shirzad emphasized the urgent need for…
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A proposal to legalize Bitcoin aims to reshape Syria’s financial future. Syria, a nation still recovering from the fall of the Assad government, is getting ready for a drastic financial reform: the legalization or Bitcoin (BTC). To combat inflation, stabilize…
BTC
Bitcoin
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The Crypto Market Integrity Coalition called on Congress to establish a national regulatory framework for digital assets before the current legislative session ends. In a letter dated November 14 and seen by crypto.news, CMIC urged Congress to “foster a ‘compliance…
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The UK is expected to introduce laws regulating stablecoins within a few months, according to a spokesperson from Circle. Circle, the issuer of the USD Coin (USDC), anticipates these laws will be in place soon, as stated in a CNBC…
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In an interview, Paul Grewal, Coinbase’s Chief Legal Officer, said that a shift is coming in the U.S. crypto legislative landscape. He forecasted the emergence of a “pro-crypto” Congress following the 2024 elections. Grewal discussed in a Bloomberg Crypto interview…
BTC
Bitcoin
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Ripple CEO Brad Garlinghouse sharply criticized the U.S. Securities and Exchange Commission in a recent social media post. Following a decision by the SEC to pause allegations that the native crypto assets of Solana (SOL), Cardano (ADA), and Polygon (MATIC)…
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Sen. J.D. Vance, Ohio Republican and “Hillbilly Elegy” author, has been announced as former President Donald Trump’s running mate for the 2024 election. Vance’s selection comes amid his push to reform digital asset regulation, which has garnered support from the…
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Fairshake PAC plans to spend over $100 million in the general election to back pro-crypto lawmakers. The super PAC funded by major crypto companies achieved significant victories in recent congressional primaries. Fairshake PAC, created to support candidates favorable to the…
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Crypto.news recently spoke with Bing Wang, Head of Legal at BasedVC, who shared his perspectives on the political ascent of cryptocurrencies and the upcoming regulatory transformations. As the 2024 U.S. elections approach, the political landscape around cryptocurrencies is undergoing major…
BTC
Bitcoin
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Bitwise CIO Matt Hougan said that the U.S. adopting comprehensive stablecoin legislature could signal the long-awaited “mainstreaming of crypto.”
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Coinbase is launching a comprehensive paid media campaign to urge crypto users to contact their members of Congress to address the need for regulatory clarity of the crypto industry. As part of this campaign, the second-largest crypto exchange is also…
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