Congressman Warren Davidson has taken to X to criticize Central Bank Digital Currency (CBDC), describing these types of digital assets as an “existential threat to Western civilization.” Central Bank Digital Currency (CBDC) is an existential threat to western civilization.@FinancialCmte passed a bill to ban… Read More
House Majority Whip Tom Emmer and Representative Warren Davidson have revealed legislation that aims to remove SEC Chair Gary Gensler. Gensler has received fire from members of Congress who believe he has not pursued rule-making to enable digital asset innovation while focusing his efforts on… Read More
Congressman Patrick McHenry, the new Chair of the House Financial Services Committee, has named the Chairs of the Subcommittees. Yesterday, McHenry revealed the Republican members of the Committee as he moves to take over the influential Committee as the Republican-controlled 118th Congress commences. A new… Read More
Central Bank Digital Currency (CBDC) is a hot policy topic in the US as well as the rest of the world. Many developed countries are reviewing the potential as well as the potential pitfalls for a CBDC. China is already testing a digital yuan live… Read More
US House of Representatives Patrick McHenry, Tom Emmer, and Warren Davidson have co-authored a letter addressed to the Secretary of the US Department of Treasury Janet Yellen. The Congressmen have requested that Yellen clarify her position on stablecoins – digital assets typically tied to fiat… Read More
Global Digital Finance (GDF), a UK-based entity advocating on behalf of the digital asset (or crypto-asset) sector of Fintech, has posted a letter in support of the Eliminate Barriers to Digital Innovation Act of 2021 (HR 1602). The Act was sponsored by US Representative Patrick… Read More
Twenty-one American Members of Congress have signed a strongly-worded letter “urg(ing)” the Internal Revenue Service (IRS), “to issue needed guidance on the tax consequences and basic reporting requirements for taxpayers that use virtual currencies,” in the United States. The letter is signed by Darren Soto… Read More
The House of Representatives has introduced the Token Taxonomy Act of 2019 (H.R. 2144) legislation – a bill that is designed to enable a digital asset that is a utility token unregulated by the Securities and Exchange Commission (SEC). The bill states: “… to exclude… Read More
It is almost inevitable that topics regarding Fintech surface in Congressional hearings that address the financial services industry. This week’s hearings involving the House Financial Services Committee and Federal Reserve Chairman Jay Powell were no different and some of the questionings went beyond payments. There… Read More
Cleveland car dealer Bernie Moreno recently became the first businessperson in the entire US to pay company taxes in Bitcoin, thanks to the Ohio government’s new portal, “OhioCrypto.com,” where businesses can pay 23 different taxes in cryptocurrency, The Detroit Free Press (DFP) reports. “Digital currency and… Read More
As long anticipated, legislation has been entered into Congress to address pressing questions regarding initial coin offerings (ICOs) and their current treatment as being regulated by the Securities and Exchange Commission (SEC) as they are all considered to be securities. Representatives Warren Davidson and Darren… Read More
Ohio Congressman Warren Davidson suggested in an interview with NPR journalist Steve Inskeep this week that the contentious proposed wall between the US and Mexico could be funded through crowdfunding or tokens on a blockchain. The interview with Davidson, a Republican, took place on December 12th,… Read More
Speaking at Blockland Cleveland yesterday, Congressman Warren Davidson, from Ohio’s 8th District, discussed forthcoming legislation that may dramatically impact the initial coin offering (ICO) industry in the US. Representative Warren said the draft legislation seeks to create a token that can trade but will not… Read More
Representatives from Wall Street and prominent US crypto investment/services firms are convening in Washington this week to attend a legislative roundtable hosted by Republican Representative Warren Davidson of Ohio, CNBC reports. Attendees at the roundtable, titled “Legislating Certainty for Cryptocurrencies,” are reportedly hoping to influence… Read More
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