Fed Chair Says Facebook Needs to Satisfy Regulatory Concerns Regarding Libra

Fed Chair Says Facebook Needs to Satisfy Regulatory Concerns Regarding Libra

Federal Reserve chair says time is needed to address concerns about Libra, and that the project cannot move forward until there is broad satisfaction on regulatory policies. Federal Reserve Chair Jerome Powell said there needs to be broad satisfaction with the way Facebook is handling regulatory concerns regarding its forthcoming stablecoin Libra. Powell gave his comments in a hearing before the House Financial Services Committee on July 10.Rep. Steve Stivers asked Powell during the…

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Republican Leader Claims Blockchain Can Make US Government More Efficient

Republican Leader Claims Blockchain Can Make US Government More Efficient

The Minority Leader in the U.S. House of Representatives Kevin McCarthy believes blockchain will make the Congress more efficient and transparent. Rep. Kevin McCarthy, the current Republican Minority Leader in the United States House of Representatives, said on Tuesday, March 12, that blockchain can make the U.S. Congress a more efficient and transparent place.Speaking to the Select Committee for Modernization of Congress, McCarthy said that blockchain technology has changed the paradigm of security in…

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US: Bill Exempting Non-Custodial Crypto Services From Certain Laws Reintroduced to Congress

US: Bill Exempting Non-Custodial Crypto Services From Certain Laws Reintroduced to Congress

A bill exempting companies providing non-custodial crypto services from certain state money transmitting laws has been resubmitted to the Congress. A bill exempting companies providing non-custodial crypto services from certain state money transmitting laws has been resubmitted to the United States Congress. Data confirming this was published on the Congress’ official website on Jan. 14.The bill, titled “To provide a safe harbor from licensing and registration for certain non-controlling blockchain developers and providers of…

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