U.S. Congress subcommittee says that bank reporting methods led to Capitol attack arrests but worries that Bitcoin might have helped fund the insurrection.
But security tokens are not ready to take over the world quite yet.
Some Republican members of the House Financial Services Committee want to look into Reddit’s ties to Chinese tech conglomerate Tencent and Robinhood rival Moomoo.
In announcing the appointment, Lummis made clear that she hopes to get digital asset legislation moving.
In a week that saw meme-driven investors rail against Robinhood in what coverage painted as a David and Goliath story, considerations of who exactly policy should defend flared up.
While Congress is planning multiple hearings, it’s less clear what financial regulators might do.
The dedicated office would oversee “all non-defense related deployment and activities related to blockchain technology within the Federal Government.”
As many in the crypto industry have said, 15 days over the holidays is just not enough time to respond.
Congressman Davidson, in particular, sees potential Treasury action as a bad idea for everybody involved.
U.S. lawmakers asked the SEC and FINRA to clarify how crypto firms can become registered broker-dealers and provide custody services for crypto assets.