Martin Gruenberg, the man who previously expressed a desire to explore risks tied with virtual currencies, was nominated by President Joe Biden as the new FDIC head, pending Senate confirmation.
Treasury published a “request for comment” this week following Joe Biden’s executive order and wants to know if it has been clear enough with Bitcoin regulations.
Neither the DCCPA nor its rival, the Responsible Financial Innovation Act, are expected to receive Senate floor votes before Congress adjourns for the mid-term election cycle.
The new role will operate under the Office of Science and Technology Policy and has been hailed by industry leaders as the right step in the right direction.
BSV Blockchain’s Public Policy Director Bryan Daugherty sees potential harm in the growth of scalable blockchain enterprises due to policymakers acting hastily in creating bills and amendments to address it.
The U.S. Treasury has delivered the new framework to President Joe Biden this week. It sets out a multi-agency approach toward engagement with foreign counterparts and in international fora.
The report will allegedly explore issues around mining, such as the noise pollution mining rigs emit, the energy efficiency of different consensus mechanisms, and more.
The U.S. department is to publish 17 questions as it seeks input from the public on block reward mining, obstacles faced by VASPs, CBDCs, payments, and more.
The White House refers to these plans as its strategy to "modernize rules for digital assets," and they are expecting their efforts to rake in $4.9 billion in revenue by 2023.
Enterprise-grade blockchain company nChain is recognized by LexisNexis as one of the Top 100 Most Innovative Companies alongside Mark Zuckerberg's Meta and China’s Tencent.
The U.S. Treasury letter says that coders, stakers, and miners wouldn't have access to information about the sales of securities by taxpayers, so they aren't covered by the regulations.
Chief Bitcoin Historian Kurt Wuckert Jr. joined The Michael Sisco Show to discuss Satoshi Nakamoto's vision of Bitcoin and also talk about the latest news around the industry and more.
