Congress

Partisan Fight over Digital Dollar Looms Larger
Partisan Fight over Digital Dollar Looms Larger
September 09, 2022  |  Cryptocurrency

Reports that the Treasury Department is behind building a digital dollar before deciding whether to launch it will set off a partisan battle in Washington...

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US Stablecoin Bill Hits a Snag as Negotiations Break Down
US Stablecoin Bill Hits a Snag as Negotiations Break Down
September 04, 2022  |  Regulation

A major Congressional effort to create regulations around stablecoins has hit a bump in the road, and while negotiations still ongoing, they are likely to...

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US Lawmakers Want Answers From Credova on BNPL Gun Sales
US Lawmakers Want Answers From Credova on BNPL Gun Sales
August 29, 2022  |  Buy Now Pay Later

Congressional lawmakers want answers from a Montana financial company that offers buy now, pay later (BNPL) options to gun buyers. In a letter dated Monday...

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Lawmakers Ask Fed to Speed up CBDC Project
Lawmakers Ask Fed to Speed up CBDC Project
August 08, 2022  |  CBDC

A bipartisan group of lawmakers wants the Federal Reserve to speed efforts to issue a digital dollar and thus prevent countries like China from endangering...

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Congressional Recess Kicks Big Tech Vote to Election Season
Congressional Recess Kicks Big Tech Vote to Election Season
August 08, 2022  |  Big Tech

The bipartisan antitrust bill targeting Big Tech companies like Amazon, Apple and Google is being kicked to the fall election season as Congress readies for...

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Sen. Durbin Wants Another Bite at Card Interchange Fees
Sen. Durbin Wants Another Bite at Card Interchange Fees
July 27, 2022  |  Legal

A pair of U.S. senators are preparing a bill that would give merchants the ability to process many Mastercard and Visa credit cards over different...

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Cathie Woods’ Ark Jumps Ship as Coinbase’s SEC Woes Threaten Crypto Payments
Cathie Woods’ Ark Jumps Ship as Coinbase’s SEC Woes Threaten Crypto Payments
July 27, 2022  |  Cryptocurrency

Nasdaq-listed cryptocurrency exchange Coinbase’s troubles have been growing for some time as its stock price followed earnings off a cliff in Q1, a massive round...

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Why a Senate Bill’s $50 Tax Exemption Won’t Boost Crypto Spending
Why a Senate Bill’s $50 Tax Exemption Won’t Boost Crypto Spending
July 26, 2022  |  Cryptocurrency

A pair of U.S. senators have introduced a bipartisan bill to exempt low-value cryptocurrency transactions from capital gains tax reporting requirements. Legislation introduced on Tuesday...

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Report: House Stablecoin Bill Put on Hold
Report: House Stablecoin Bill Put on Hold
July 25, 2022  |  Cryptocurrency

U.S. lawmakers have put a bill designed to deal with the risks posed by stablecoins on hold, likely for the rest of the summer. The...

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