News list for " legislation"
The bipartisan bill seeks to combat rising AI fraud threat with harsh penalties for wire fraud, money laundering, impersonation.
US Senator Cynthia Lummis said that the crypto market structure-related bill is the most significant digital asset legislation in the history of the United States and will have a profound impact on the development of the industry and the regulatory framework.
On September 23rd, Harry Jung, deputy director of the US President's Digital Asset Advisory Committee, and Patrick Witt, executive director, shared the core goals of the committee's work at the KBW 2025 summit in South Korea: to accelerate the passage of the Digital Asset Act, build a strategic bitcoin reserve, provide clear crypto tax guidance through the Internal Revenue Service and the Treasury Department, and protect the rights and interests of technology developers. The two said that in the...
Wang Yongli suggested that China's focus should not be the development of RMB stablecoins (space is already quite limited), but to achieve lane overtaking, speed up the entire crypto asset legislation, encourage banks and other Financial Institutions Groups to speed up the chain, actively promote the development of RWA, attract crypto exchanges to register or bet in Hong Kong.
The Financial Intelligence Unit (FIU) under the Financial Supervisory Commission (FSC) of South Korea on August 6 commissioned a Phase 2 study on virtual asset legislation, focusing on anti-money laundering (AML) measures for stablecoins. The Financial Supervisory Commission said upcoming regulations are expected to bring stablecoins into the regulatory framework, allowing them to be used for payments and cross-border transfers. The study will examine global approaches to stablecoin regulation a...
The U.S. Senate Banking Committee's Digital Assets Subcommittee held a hearing titled "Exploring a Bipartisan Legislative Framework for Digital Asset Market Structure," where participants called on Congress to pass digital asset legislation as soon as possible. The term "bitcoin" was not mentioned once during the hearing. Still, bitcoin will be subject to some of the cryptocurrency regulations discussed at the hearing. The hearing comes as Senators Cynthia Lummis (R-Wyoming), Thom Tillis (R-Nort...
Senator Cynthia Lummis, Republican of Wyoming, revealed at the Bitcoin 2025 conference that the GENIUS stablecoin bill has entered the final stage of consideration in the Senate. The bill passed a procedural vote of more than 60 votes last week, but suffered setbacks due to opposition from Democratic leader Elizabeth Warren and some Republicans. If passed, it would be the first bill successfully legislated by the Senate Banking Committee in eight years. Lummis and co-sponsor Kirsten Gillibrand (...
The first Digital Assets Subcommittee of the U.S. Senate Banking Committee held a hearing on February 27, focusing on stablecoin regulation and the legislative framework for digital assets, chaired by Wyoming Republican Senator Cynthia Lummis. "We are at a critical juncture in the final creation of a bipartisan legislative framework for stablecoins and market structures," Lummis said in her opening statement.
According to market news, the strategic bitcoin reserve legislation in Montana has passed committee consideration and is about to enter the House of Representatives voting stage. Previously reported, on February 9, Montana House Bill 429 would authorize the state treasurer to invest up to $50 million from the general fund in'digital assets with a market capitalization of more than $750 billion, 'or bitcoin, until July 15, 2025. These investments must be held by a qualified custodian or made thro...
According to Fox News, Tether is in direct talks with U.S. lawmakers on stablecoin legislation to influence how the U.S. regulates stablecoins.
