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Congressman accuses DOJ of retaliation against tech CEO Elon Musk

JasperArt 2023 09 20 22.38.42 upscaled

In a recent House Committee on Judiciary oversight hearing, Congressman Thomas Massie accused the U.S. Department of Justice (DOJ) of employing “mafia tactics” in its dual investigations against Tesla and SpaceX CEO Elon Musk. Massie suggested that the government’s actions are retaliatory following Musk’s exposure to what he termed a “censorship regime.” Elon Musk, a […]

US government shutdown threat looms as parties fail to reach spending cuts deal 

US government shutdown threat looms as House Republicans see opportunity for demands

US House Republicans are gearing up to use the looming threat of a government shutdown as an opportunity to confront Democrats over border enforcement. This tactic aims to put aside internal disagreements among GOP lawmakers regarding the extent and location of federal spending cuts while simultaneously setting the stage for a potential showdown with Democrats. […]

Can We Control AI’s Impact? Lessons from a Closed-Door Congress Discussion

AI's Impact

In a closed-door session at the U.S. Capitol, renowned tech entrepreneur Elon Musk issued a stark warning about the perils of artificial intelligence (AI), stating that there is an “above zero” chance it could “kill us all.” At the AI Insight Forum, where U.S. lawmakers and professionals from the technology industry gathered to discuss the […]

Attorney General Bonta Urges Congress to Combat AI-Driven Child Exploitation

AI-Driven

California Attorney General Rob Bonta has taken a leading role in a collective effort involving 54 states and territories to combat the alarming surge in child exploitation facilitated by artificial intelligence (AI). Together, they have called upon Congressional leaders to establish an expert commission tasked with investigating the insidious use of AI in exploiting children […]

Crypto industry sees mixed results from Congress pre-recess

Crypto industry sees mixed results from Congress pre recess

As the halls of Congress emptied out for the September recess, the days leading up to the break witnessed a flurry of legislative action around digital assets. In this legislative whirlwind, the crypto industry experienced a mix of fortunes, with significant progress on some fronts contrasted by potential legislative roadblocks on others. Progress amid controversy: […]

Coinbase and Robinhood take center stage in Congress to champion regulatory clarity for crypto

us congress sought to change crypto status

In a groundbreaking move, top executives from Coinbase and Robinhood and representatives from the United States commodities regulator will convene before Congress today to discuss a visionary crypto bill that promises to reshape the digital asset landscape. The proposed legislation seeks to classify specific crypto tokens as digital commodities while addressing regulatory gaps and providing […]

Congress and Wall Street call SEC to action amid the crypto winter

Congress

The number of cryptocurrency investors is increasing, and so is the amount of money they invest. However, worldwide, crypto investors face a large loss. The United States Congress, on the other hand, will not stand idly by as U.S. crypto investors are ruined completely. Senator Elizabeth Warren (D-MA) urges the Securities & Exchange Commission (SEC) […]

US Senator Lummis to propose a new crypto regulatory body in 2022

Senator Lummis promotes Bitcoin's role in national security and environmental sustainability

TL;DR Breakdown Republican Senator Lummis will propose a new crypto regulator in Congress next year. The proposal will be a part of her digital asset policy bill.  The self-regulatory organization will be administered by the SEC.  US Senator Cyntia Lummis from Wyoming is one of the biggest advocates for cryptocurrency in the US Senate. As […]

US congressman Soto is accepting crypto donation for 2020 campaign

hands

Representing Central Florida’s 9th District, the United States congressman Darren Soto has disclosed that he will be accepting crypto donations for his 2020 re-election campaign. Rep. Soto has been a big supporter of blockchain – the technology that underpins digital currencies – and has sponsored several blockchain-related proposals which he deemed useful for the residents. […]

Protect PoS with carefully-written tax policy, U.S. legislators urge IRS

tax policy

The importance of tax policy to support PoS (Proof of Stake) technology was highlighted in the letter sent by members of the United States Congress Blockchain Caucus. The group implored the Internal Revenue Service (IRS) in a letter to protect PoS technology from overtaxing. In the letter, members of the caucus outlined the reasons for […]

Americans Bitcoin investment to rise with stimulus fund

Binance crackdown

Americans Bitcoin investment in the coming weeks is set to rise as many citizens are committing their next stimulus funds to Bitcoin investment. Sources in the White House have confirmed that by Monday, plans for second stimulus funds payout in the country should have been approved. The stimulus funds, just like the ones paid between […]

American digital dollar inches one step closer to reality

American digital dollar inches one step closer to reality

An American digital dollar is poised to be the next big financial milestone. It’s every crypto investor’s dream, and the US government seems to be walking the right path. Chinese DCEP has reached the testing phase, and other central banks are also exploring similar projects. Now, the United States is also planning to enter the […]

Can US Congress’ response to coronavirus boost Bitcoin adoption?

Can US Congress response to coronavirus boost Bitcoin adoption

Bitcoin adoption rate could soon witness spike as Congresswoman and member of Democratic Party Maxine Waters’ proposal to hand out two thousand US dollars ($2000) to each American citizen as a means to help them fight the coronavirus pandemic could drive people towards Bitcoin, Mati Greenspan told CoinTelegraph. On Wednesday, the Trump administration and the […]

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