congress

Meet the Crypto Angel Investor Running for Congress in Nevada

“I would love to sit down with President Trump and have a discussion around bitcoin and cryptocurrency,” Lisa Song Sutton, an entrepreneur and bitcoin ATM investor in Las Vegas, told CoinDesk. Sutton might have a better shot than most at having such a conversation. She’s running for Congress in the Fourth Congressional District of Nevada, …

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John McAfee Plans to Tokenize All 535 Members of US Congress

</header> <strong>On Saturday, the notorious John McAfee revealed a new project he’s launching that aims to tokenize all 535 members of U.S. Congress in order to sell them on the open market. McAfee said that the U.S. representative tokens will be listed on his exchange McAfeedex so people can find out what their “representative is …

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8 Congress Reps Send Letter to IRS Urging Further Crypto Tax Clarity

Eight members of the United States (U.S.) Congress sent a letter to the Internal Revenue Service (IRS) urging the agency to provide additional clarity on cryptocurrency tax laws.  A letter dated Dec. 20, signed by eight U.S. Congress members, stated: “We wrote in April of this year urging the issuance of guidance for taxpayers who …

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US Lawmakers Want to Brand Libra a Security, Association Disagrees

A couple of United States lawmakers are looking to classify stablecoins as securities. With Libra considering adopting fiat-pegged stablecoins rather than a single token supported by a basket of national currencies, the proposed crypto project might be facing yet another regulatory hurdle. Meanwhile, lawmakers sponsoring the bill say stablecoins should be classified as securities to …

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Twitter bans House candidate who suggested Ilhan Omar should be hanged

Sponsored Links Scott Heins/Getty Images Twitter may be reluctant to crack down on politicians’ tweets, but it still has its limits — and one political candidate may have crossed the line. The social media giant has permanently banned Republican House candidate Danielle Stella’s personal and campaign accounts for “repeated violations” of Twitter’s policies. While it …

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Senate takes another stab at privacy law with proposed COPRA bill

Enlarge / Sen. Maria Cantwell during a Senate Finance Committee hearing on Aug. 22, 2018. Al Drago | Bloomberg | Getty Images Perhaps the third time’s the charm: a group of Senate Democrats, following in the recent footsteps of their colleagues in both chambers, has introduced a bill that would impose sweeping reforms to the …

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US Federal Reserve Exploring Digital Dollar and Its Effect on Monetary System

The United States Federal Reserve System is exploring the development of a central bank digital currency (CBDC) and what issues and risks it could potentially pose. Federal Reserve Board Chairman Jerome Powell provided a response to U.S. Representatives French Hill and Bill Fosters’ request on whether the Federal Reserve plans to launch a national digital …

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New bill would create Digital Privacy Agency to enforce privacy rights

Enlarge / Chairwoman Anna Eshoo, D-Calif., conducts a House Energy and Commerce Subcommittee on Health markup on Thursday, July 11, 2019. Tom Williams | CQ Roll Call | Getty Images Congress is taking yet another stab at addressing the near-complete lack of federal laws covering the absolutely massive trove of data that companies now collect …

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Why Central Banks Are Not Designed for Democracies

</header> <strong>Through their policies, central banks exert tremendous influence over the socio-economic conditions in a country and its business environment. Their decisions are so powerful that it’s obvious they are part of the government. But most people would be surprised to find out that central banks are almost never part of the due democratic process. …

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After 6 Hours of Zuckerberg Testimony, Congress Still Hates Libra

Yesterday, Oct. 23, Cointelegraph reported from the United States House of Representatives as the Financial Services Committee questioned Facebook CEO Mark Zuckerberg for over six hours. While focused on the Libra Association and its planned Libra token, the hearing expanded to touch on a wide range of concerns and controversies surrounding Facebook.  The hearing was …

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