US Senate wants companies to report investments in Chinese technologies
The Senate overwhelmingly supported legislation requiring U.S. companies to report any outbound investments into Chinese technologies.
Čítaj viacpodľa Cointelegraph By Savannah Fortis | júl 26, 2023 | 0 |
The Senate overwhelmingly supported legislation requiring U.S. companies to report any outbound investments into Chinese technologies.
Čítaj viacpodľa Cointelegraph By David Attlee | júl 24, 2023 | 0 |
Last week was marked by two new legislative initiatives for the crypto industry in the United States.
Čítaj viacpodľa Cointelegraph By Derek Andersen | júl 12, 2023 | 0 |
Community members may want to read up on the intricacies of tax law before they respond, but they have two months to do so.
Čítaj viacpodľa Cointelegraph By Savannah Fortis | júl 11, 2023 | 0 |
U.S. Senators will take part in the country’s first-ever classified Senate briefing on AI which will place in conjunction with the Department of Defense and Intelligence Community.
Čítaj viacpodľa Cointelegraph By Jesse Coghlan | jún 29, 2023 | 0 |
The study would examine the possible impact of holding crypto and how the state would custody digital currency.
Čítaj viacpodľa Cointelegraph By Savannah Fortis | jún 21, 2023 | 0 |
The U.S. Senate leader plans to call for urgent bipartisan action from Congress to create “comprehensive legislation” for upcoming AI systems.
Čítaj viacpodľa Cointelegraph By Tristan Greene | jún 14, 2023 | 0 |
The bipartisan bill purportedly seeks to hold companies accountable for harm, but it’s unclear whether Section 230 even applies to AI.
Čítaj viacpodľa Cointelegraph By Marcel Pechman | apr 7, 2023 | 0 |
Bitcoin’s price might have held near $28,000 but the absence of shorts using margin and futures markers is a bullish indicator.
Čítaj viacpodľa Cointelegraph By Brendan Cochrane | mar 29, 2023 | 0 |
Elizabeth Warren is back with an Anti-Money Laundering act that would — among other things — make it mostly illegal for you to use your own crypto wallet.
Čítaj viacpodľa Cointelegraph By David Attlee | mar 27, 2023 | 0 |
Two lawmakers in one week weighed in against the possibility of a United States central bank digital currency.
Čítaj viacpodľa Cointelegraph By Ana Paula Pereira | mar 18, 2023 | 0 |
Binance’s Patrick Hillman answered a letter from United States Senators requesting information on Binance’s operations in the country and its relationship with Binance.US.
Čítaj viacpodľa Cointelegraph By Turner Wright | nov 30, 2022 | 0 |
Referring to the events surrounding the collapse of FTX as “a handful of magic beans”, Massachusetts Senator Elizabeth Warren seemed to frame the “contagion” spreading through the crypto space as a partisan issue.Speaking at a Senate Banking Committee nomination hearing on Nov. 30, Warren addressed committee counsel Jonathan McKernan, who confirmed that FTX’s bankruptcy had largely not affected traditional banking institutions in the United States. The Massachusetts senator, an outspoken skeptic of cryptocurrencies, used some of her time to applaud the work of Federal Deposit Insurance Corporation, or FDIC, acting chair Martin Gruenberg, who attended as part of his nomination to assume the position as part of a five-year term.“Our banks stayed safe even as crypto imploded because many of President Biden’s regulators, like acting chairman Gruenberg, fought to keep crypto from becoming dangerously intertwined with our banks,” said Warren. “He did this despite the Trump administration’s and crypto boosters’ aggressive efforts to bring crypto and all its risks into traditional banking.”Gruenberg responded in the affirmative to one of Warren’s questions in which she claimed the banking system would have been “less safe” had firms like FTX received similar insurance from the FDIC:“The evidence is clear now. We had companies that were engaging in highly speculative activity, highly leveraged, and vulnerable to a loss of confidence in a run. They did not have direct exposures to the insured financial institutions, and as a result the failure of those firms was really limited to the crypto space, and ended up not impacting the insured banking system.”Senator Elizabeth Warren speaking at a Senate Banking Committee hearing on Nov. 30Warren went on to refer to crypto assets as “toxic” and unsuitable to integrate in traditional banking, claiming taxpayers could suffer the consequences. The senator was one of the lawmakers behind a Nov. 23 letter calling on the Justice Department to investigate the collapse of FTX and potentially prosecute individuals involved in wrongdoing, specifically naming former CEO Sam Bankman-Fried for his role in the controversy.Related: How stable are stablecoins in the FTX crypto market contagion?The ripple effects of a major exchange like FTX declaring bankruptcy amid a bear market are ongoing. Crypto firm BlockFi filed for Chapter 11 bankruptcy on Nov. 28, saying FTX owed certain financial obligations to the company. Global lawmakers and regulators have also announced intentions to investigate the events surrounding FTX and potentially create new regulatory frameworks, including those from the European Central Bank, U.S. state governments, and securities regulators in the Bahamas.
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