Tagged: legislation

September 29, 2022 @ 6:33 pm By JD Alois  |  

The Retirement Savings Modernization Act was introduced today by Senators Pat Toomey and Tim Scott, along with Representative Peter Meijer. The Act broadly expands the asset classes available to ordinary citizens for retirement accounts like widely utilized 401k plans. The legislation aims to help individuals better… Read More

September 25, 2022 @ 3:10 pm By JD Alois  |  

California state legislation focusing on cryptocurrency has been vetoed by Governor Gavin Newsom. The bill,  A.B. 2269, had passed the California Assembly and was presented to the Governor on September 12, 2022. The legislation was vetoed this past Friday (September 23, 2022). The Governor published… Read More

September 22, 2022 @ 4:04 pm By JD Alois  |  

The UK government has introduced new legislation that is described as a move to counter those who abuse the UK’s open economy via money laundering or simply hiding ill-gotten gains. The Economic Crime and Corporate Transparency Bill is currently in Parliament, where it is scheduled… Read More

September 3, 2022 @ 3:44 pm By JD Alois  |  

The Blockchain Association posted a series of tweets last week critizing pending legislation they believe will undermine the digital asset ecosystem in California. The Association claims that State Assembly Bill A.B. 2269 is “shortsighted” creating “unhelpful restrictions that would impede crypto innovators’ ability to operate.”… Read More

August 31, 2022 @ 4:02 pm By JD Alois  |  

Maxine Waters, Chairwoman of the House Committee on Financial Services, has posted the calendar for September hearings with several topics of note on the list. On Tuesday, September 20 at 10 a.m. ET, the Subcommittee on National Security, International Development, and Monetary Policy will meet… Read More

August 9, 2022 @ 10:45 am By JD Alois  |  

Criticism from various corners of the political ring continues to lament the passing of the Inflation Reduction Act – legislation that even supporters are describing as a climate bill and not doing much to mitigate inflation. SBE Council President & CEO Karen Kerrigan has issued… Read More

August 5, 2022 @ 9:55 am By JD Alois  |  

Earlier this week, it was reported that a bipartisan group of US Senators had developed legislation aimed at providing greater regulatory clarity regarding crypto in the US. Senators from the Senate Agriculture Committee joined to craft a bill that gave the Commodity Futures Trading Commission… Read More

August 4, 2022 @ 2:57 pm By JD Alois  |  

Yesterday, a bipartisan group of US Senators announced legislation designed to give certain digital assets better regulatory clarity. Senators Debbie Stabenow, Chairwoman of the Senate Committee on Agriculture and John Boozman, Ranking Member, along with Senators Cory Booker and John Thune, have joined to craft the language of… Read More

July 27, 2022 @ 5:41 pm By JD Alois  |  

The Small Business and Entrepreneurship Council (SBE Council) has long championed entrepreneurship in Washington, DC. Founded in 1994, the SBE Council claims over 100,000 members. Its mission is to educate and advocate on behalf of these smaller firms – which typically do not have the… Read More

July 20, 2022 @ 4:22 pm By JD Alois  |  

Today, the Financial Services and Markets Bill was introduced to Parliament in the UK. The legislation will replace “hundreds of pieces of EU retained law” as the UK moves beyond the oversight in Brussels. The aim of the bill is to establish a “coherent, agile… Read More

July 17, 2022 @ 10:07 pm By JD Alois  |  

Russia has enacted legislation that will effectively ban crypto payments according to multiple reports. The legislation was signed into law on July 14th and reportedly takes effect within ten days. At the beginning of 2022, the Bank of Russia issued statements relaying concerns regarding crypto:… Read More

July 5, 2022 @ 4:57 pm By JD Alois  |  

MiCA, Markets in Crypto Assets legislation, is still being digested by industry insiders. The goal is to provide a regulated path for digital asset innovation – sufficient protections to guard against abuse but still empowering industry participants to create new products and services within a… Read More

June 16, 2022 @ 10:59 am By JD Alois  |  

Earlier this month, US Senators Kirsten Gillibrand and Cynthia Lummis revealed their long-anticipated legislation aiming to provide a clearcut regulatory regime for the digital asset industry. The language of the bill represents a comprehensive approach for crypto including digital securities, stablecoins, and more while selecting… Read More

June 7, 2022 @ 4:12 pm By JD Alois  |  

John Berlau, a securities and regulatory expert at the Competitive Enterprise Institute (CEI) has shared his initial thoughts on the bi-partisan legislation posted today by Senators Kirsten Gillibrand and Cynthia Lummis. Berlau, long a supporter of beneficial Fintech innovation believes the legislation is a solid… Read More

June 7, 2022 @ 3:41 pm By JD Alois  |  

Earlier today, Senators Cynthia Lummis and Kirsten Gillibrand revealed their bi-partisan legislation to apply regulatory clarity to the growing digital asset ecosystem in the US. For years now, the crypto industry has desired bright-line rules to provide compliant offerings and regulated platforms, yet regulators have… Read More

June 7, 2022 @ 11:49 am By JD Alois  |  

Senator Kirsten Gillibrand and Senator Cynthia Lummis have officially revealed legislation aiming to create a regulatory framework for the burgeoning digital asset industry. The two Senators have worked for many months on the language of the bill. The legislation has long been rumored with a… Read More

June 3, 2022 @ 2:46 pm By JD Alois  |  

  The state legislature of New York has approved legislation that establishes a moratorium on cryptocurrency mining operations that use proof-of-work to validate blockchain transactions. The aim is to mitigate the utilization of of electricity that can drive carbon emissions. According to the language of… Read More

May 31, 2022 @ 5:56 pm By JD Alois  |  

“To provide for responsible financial innovation and to bring digital assets fully within the regulatory perimeter.” The long-anticipated legislation crypto regulation proposal emanating from US Senator Cynthia Lummis has now been posted online. First revealed by the Block, the draft legislation aims at clarifying the… Read More

April 27, 2022 @ 11:08 am By JD Alois  |  

The New York State Assembly has passed legislation to ban crypto mining in the state until a review has been completed. To quote the summary: “[The legislation] Establishes a moratorium on cryptocurrency mining operations that use proof-of-work authentication methods to validate blockchain transactions; provides that… Read More

April 7, 2022 @ 8:23 am By JD Alois  |  

Stablecoin TRUST Act of 2022 Senator Pat Toomey has proposed legislation to regulate stablecoins. Toomey is the ranking Republican on the Senate Banking Committee. The Senator’s legislation incorporates the key components: Authorizes three different options to issue payment stablecoins: Establishes a new federal license designed… Read More