US Congressman Introduces Crypto-Currency Act of 2020

US Congressman Introduces Crypto-Currency Act of 2020

U.S. Congressman introduces Crypto-Currency Act of 2020, hoping to finally lay down the law as to which regulators handle which digital assets. A United States congressman is the latest working to clarify determine which U.S. regulator is responsible for which digital assets. On March 9, Representative Paul Gosar (R-AZ) introduced the “Crypto-Currency Act of 2020,” a bill that looks to choreograph a wide range of digital assets to answer to the appropriate regulator.The proposed regulatory…

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Former Bakkt CEO and New US Senator Loeffler Will Help Oversee CFTC

Former Bakkt CEO and New US Senator Loeffler Will Help Oversee CFTC

Former Bakkt CEO and Georgia’s new Senator Kelly Loeffler will help oversee major financial regulator responsible for commodities trading — including BTC. Former Bakkt CEO and Georgia’s new Senator Kelly Loeffler will help oversee major financial regulator, the Commodity Futures Trading Commission (CFTC).Sworn into the United States Senate on Jan. 6, the crypto-friendly businesswoman has joined the Senate Agriculture Committee, which oversees the CFTC. The news was first reported by farm and policy publication…

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Ex-CFTC Chairman: US Must Create an Independent Blockchain Dollar

Ex-CFTC Chairman: US Must Create an Independent Blockchain Dollar

Washington risks devaluing the dollar’s status in the future if it fails to respond to innovation, says the former regulator. The ex-head of the United States’ commodities regulator thinks the government must digitize the dollar and take power away from central banks.Giancarlo wants independently maintained dollarIn an opinion piece for the Wall Street Journal on Oct. 15, J. Christopher Giancarlo, former chair of the Commodity Futures Trading Commission or CFTC, argued the dollar could…

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Bitmex Outflows Hit Record in July Exceeding $500M Amid CFTC Probe

Bitmex Outflows Hit Record in July Exceeding $500M Amid CFTC Probe

Outflows on BitMEX, the second top crypto exchange by reported trading volume to date, exceed $500 million in July. BitMEX, the second top crypto exchange by reported trading volume to date, experienced record outflows during the month of July. According to the blockchain data provider TokenAnalyst, the total outflow on the exchange amounted to around $530 million.Historic inflows and outflows on BitMEX. Source: TokenAnalystBitMEX’s monthly outflow never exceeded $100M beforeFellow industry analytics firm Ceteris…

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