Legislation

Panama introduces legislation to legalize voluntary crypto payments, regulate industry

Panama introduces legislation to legalize voluntary crypto payments, regulate industry

Panama has unveiled a sweeping draft bill aimed at regulating cryptocurrencies and fostering the development of blockchain-based services, signaling a renewed effort to position the country as a fintech leader in Latin America. The proposed law establishes a legal framework for using digital assets in financial transactions, establishes licensing requirements for service providers, and includes […]

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Proposed Bipartisan Legislation Recognizes Bitcoin As A Technology That Supports Democracy

Proposed Bipartisan Legislation Recognizes Bitcoin As A Technology That Supports Democracy

On Wednesday, the office of Rep. Gabe Amo issued a press release stating that Rep. Amo and Rep. Kim (R-CA) reintroduced a bipartisan resolution supporting the use of distributive ledger technologies (DLT), including blockchain, to “support democratic governance, human rights, freedom of information, transparency, and innovation around the world.” The resolution (the full text of

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Bipartisan Legislation Seeks to Distinguish Securities and Commodities in the Crypto Market

Bipartisan Legislation Seeks to Distinguish Securities and Commodities in the Crypto Market

U.S. Reps. Tom Emmer (R-MN) and Darren Soto (D-FL) reintroduced the bipartisan Securities Clarity Act on Tuesday to establish regulatory distinctions between securities and commodities in the digital asset sector, aiming to resolve long-standing legal ambiguities. Securities Clarity Act Aims to Resolve Crypto Regulatory Uncertainty The bill seeks to clarify jurisdictional boundaries for regulators and

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House introduces revised stablecoin legislation with compliance measures and developer protection

House introduces revised stablecoin legislation with compliance measures and developer protection

The US House of Representatives introduced an updated version of the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act on March 26, substantially revising the February 5 draft.  The legislation aims to regulate payment stablecoins, introduce new compliance mechanisms, expand oversight powers, and clarify key definitions governing the issuance and use of

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FDIC ends use of reputational risk criteria, Crypto Czar calls it ‘a big win’

FDIC ends use of reputational risk criteria, Crypto Czar calls it ‘a big win’

The Senate Banking Committee announced on March 25 that the Federal Deposit Insurance Corporation (FDIC) will eliminate reputational risk as a component of bank supervision. White House “Crypto Czar” David Sacks said the FDIC’s decision was a significant correction, and called it “a big win for crypto. He added: “In practice, this vague and subjective

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Tom Emmer says 1M Bitcoin reserve will be enacted under current Congress

Tom Emmer says 1M Bitcoin reserve will be enacted under current Congress

Congressman and Vice Chairman of the Digital Assets Subcommittee Tom Emmer believes the strategic Bitcoin (BTC) reserve plan to acquire 1 million BTC will be enacted before the end of this Congress. While participating in the Digital Asset Summit, he acknowledged the multiple bills to implement state-level Bitcoin reserves. According to data from the Bitcoin

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