Tagged: chuck grassley

April 7, 2018 @ 7:59 am By JD Alois  |  

During the summer of 2017, legislation  was introduced into the Senate that had the potential to kill cryptocurrency innovation. The legislation, entitled “Combatting Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017,″ (S.1241) contained very confusing language pertaining to “digital currencies.” Since last year, the bill has been… Read More

December 6, 2017 @ 11:16 am By JD Alois  |  

The Bitcoin Foundation has been working diligently to mitigate language of pending legislation, “The Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017″ (S.1241), in the US Senate that would define anyone issuing, redeeming or cashing Bitcoin as a financial institution. Think about what that… Read More

October 26, 2017 @ 8:45 am By JD Alois  |  

Pending US legislation titled “The Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017,″ seeks to update criminal money laundering and counterfeiting statutes. As written now, the bill impacts the utilization of any and all cryptocurrencies. Senate Bill 1241, sponsored by Senator Chuck Grassley, will define anyone… Read More

September 1, 2017 @ 1:55 pm By JD Alois  |  

The Bitcoin Foundation is looking to stop Congress from including Bitcoin and other cryptocurrencies in legislation regarding nefarious acts by terrorists organizations and money laundering. Senators Grassley, Feinstein, Cornyn, and Whitehouse, have sponsored legislation entitled, “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017,” includes a portion that points… Read More

June 2, 2017 @ 10:50 am By JD Alois  |  

Senator Chuck Grassley and Senator Diane Feinstein have joined together in drafting legislation that may impact the cryptocurrency world. The Senate Bill, as it stands now, is designed to “strengthens criminal laws against money laundering – a critical source of funding for terrorist organizations, drug… Read More