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New York proposes legislation to allow stablecoins as bail payment

0xMain
May 11, 2023

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New York State has proposed new legislation that would authorize fiat-collateralized stablecoins as a means of bail payment. The bill, known as New York Assembly Bill 7024, introduced on May 10, would add stablecoins to the list of approved methods of paying bail...

US crypto legislation meets skepticism

0xMain
May 10, 2023

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In a rare confluence of the U.S. House’s key cryptocurrency committees, the question of new digital asset legislation spurred intense debate, pitting the urgency of regulatory measures against concerns over potential leniency. In a distinctive joint gathering of the U.S. House of Representatives’...

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El Salvador enacts game-changing tech legislation

0xMain
May 5, 2023

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President of El Salvador signs the Innovation and Technology Manufacturing Incentives Act, eliminating all taxes on technology innovations, software and app programming, AI, and computer and communications hardware manufacturing, in a bid to transform the nation into a global technology hub. A game-changing...

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French senate advances legislation allowing social media influencers to advertise cryptocurrency

0xMain
May 3, 2023

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The Committee on Economic Affairs in the French Senate has approved an amendment to pending legislation that will permit registered cryptocurrency companies to enlist social media influencers for promotional and advertising purposes. The new wording would enable France’s Financial Markets Authority (AMF) to...

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Republicans propose stablecoin legislation taking away SEC power

0xMain
April 25, 2023

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A group of House Republicans has introduced a draft bill limiting the power of the Securities and Exchange Commission (SEC) over stablecoins used for payments. The bill, still under negotiation, was made public on April 24 and came as the SEC investigates BUSD,...

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US lawmakers push for new crypto legislation

0xMain
March 7, 2023

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U.S. lawmakers are pushing for the reintroduction of the bill responsible for reforming how digital assets are evaluated for tax purposes. Lawmakers push for “Keep Innovation in America Act” Lawmakers in the United States led by congressmen Ritchie Torres and Patrick McHenry have...

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Montana senate enacts legislation shielding crypto miners from exploitation

0xMain
February 24, 2023

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On Feb. 23, the Montana state legislature passed a new crypto bill protecting miners from various exploitative acts. The bill seeks to give crypto miners competitive advantages. The bill will ensure miners are not charged electricity rates discriminately by the commission involved. Additionally,...