A recently introduced House bill intends to create a task force to recommend a definition of blockchain technology to Congress. Couldn’t they just Google it? On Monday, co-sponsors Doris Matsui (D-CA) and Brett Guthrie (R-KY) announced their submission of HR 6913 to the House of Representatives. Called the Blockchain Promotion...
Legislators and financial experts in Wyoming have formed a task force and are drafting legislation to enable the creation of a bank-like financial institution to support blockchain companies in the state. The Wyoming State Legislature, in a draft bill, has found that the sector's rapid innovation has resulted in actors...
September 28, 2018 9:17 PM The recently passed bill would create a task force to monitor and develop tools that combat terrorist use of cryptocurrency. Yesterday, HR 5036, the Financial Technology Protection Act, sponsored by Ted Budd (R-NC), arrived in the Senate after having passed the House of Representatives on Wednesday. The...
September 27, 2018 10:00 PM The case against My Big Coin moves forward. A US district judge has permitted the Commodity Futures Trading Commission (CFTC) to move forward with a case involving alleged fraudulent fundraising activities committed by technology entrepreneur Randall Crater and the company he founded, My Big Coin (MBC). In...
September 21, 2018 10:54 PM Representative Tom Emmer today announced the introduction of a group of bills intended to support blockchain technology and cryptocurrencies. Representative Tom Emmer (R-MN), co-chair of the Congressional Blockchain Caucus, today introduced three blockchain-related bills for consideration by Congress. In the announcement on his website, Emmer said he...
September 21, 2018 8:26 PM The Fair Political Practices Commission considered several possibilities that would have allowed cryptocurrency donations to political candidates, but ultimately rejected them all. The California Fair Political Practices Commission recently decided that political candidates in the state cannot receive cryptocurrencies as campaign contributions. To make its decision,...
September 20, 2018 6:39 PM The Committee on Ways and Means of the US House of Representatives recently sent a letter to the Internal Revenue Service (IRS) urging the tax collection agency to update its cryptocurrency guidelines. Addressed to the IRS' acting commissioner, David Kautter, the letter notes that the...
September 19, 2018 10:40 PM Another day, another alleged crypto scam. A Russian cryptocurrency mining firm is currently under investigation by the Texas State Securities Board for allegedly misrepresenting itself and its supporters to solicit funds from Texas residents, according to a September 18 press release. Texas Securities Commissioner Travis J. Iles...
September 19, 2018 6:04 PM Europol yesterday published its fifth annual Internet Organised Crime Threat Assessment (IOCTA), in which it highlights some common cyber attacks and criminal activities related to cryptocurrency. The 2018 Internet Organised Crime Threat Assessment (IOCTA) was presented at the joint Interpol-Europol Cybercrime Conference in Singapore. 5 Types of...
September 17, 2018 9:04 PM A group of industrialists hopes to improve on the proposed laws the national legislature is currently considering. The Russian Union of Industrialists and Entrepreneurs (RSPP) is reportedly working on a draft bill regarding the use of cryptocurrency, according to a September 14 article on the Russian...