The United States House Financial Services Committee, led by Representative Patrick McHenry, has unveiled the third draft of the stablecoin bill. Scheduled for discussion within the House committee on June 13, this potential legislation could mark a significant milestone as the first official...
The U.S. Senate is working on a draft bill shifting digital assets initially classified as securities to be regulated as commodities. The proposed legislation presents a pathway for the regulation of digital assets, providing clarity and consistency in the evolving landscape of cryptocurrencies....
A new draft bill that provides a stablecoin framework in the United States will see private issuers such as Circle, the issuer of USDC, and Tether Holding, the firm behind USDT, placed under the Federal Reserve (Fed) oversight. The Fed is the country’s...
The Central African Republic (CAR) government has given a 15-member team the task of drafting a crypto bill. The crypto committee is required to develop a legal structure and an ecosystem model for its citizens’ utilization of cryptocurrencies and other tokens. Crypto can...