legislation
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The Future of Encryption Industry Oversight in the United States
According to reports, Representative Patrick McHenry, Chairman of the Financial Services Committee of the United States House of Representatives, stated at the Consensus 2023 confe
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Spain’s Guardia Civil Shuts Down Cryptocurrency Scam: Over 3000 Victims Lose Millions
According to reports, Spain\’s oldest law enforcement agency, Guardia Civil, recently dismantled a criminal organization planning a large-scale cryptocurrency scam. Illegal elements
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The US House of Representatives proposed legislation on stable currency: What does it mean for the industry?
According to reports, Republicans in the US House of Representatives have proposed a new draft of stable currency legislation that will deprive the agency of jurisdiction over the
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Bitcoin Mines in Arkansas to Gain Data Centre Rights
On April 10th, it was reported that a new bill in Arkansas, which stipulates that Bitcoin mines will have the same rights as data centers, has been approved by the House and Senate
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Does Cryptocurrency Need Additional Legislation? Insights from the SEC Chair
According to reports, Gary Gensler, chairman of the United States Securities and Exchange Commission, said in an interview with reporters that cryptocurrencies do not require addit
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Texas Senator Ted Cruz Proposes Legislation to Limit Federal Reserve’s Authority in Issuing CBDCs
According to reports, Texas Republican Senator Ted Cruz has proposed legislation aimed at preventing the Federal Reserve from creating a consumer based central bank digital currenc
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The European Parliament Passes Data Law with Implications for Encryption Industry
It is reported that on Tuesday, local time, the European Parliament passed the relevant legislation of the Data Law with 500 votes in favour and 23 against. The legislation and its provisions on smart contracts are not specifically targeted at the encryption industry, but some people in the industry worry that if the scope is not clearly defined, the data law may have a far-reaching impact on encryption, especially in the area of smart contracts. It is reported that smart contracts belong to the provisions of Article 30 of the EU Data Law, namely “basic requirements for smart contracts for data sharing”. The provisions include “strict access control mechanism” and trade secret protection integrated into the design of smart contracts. It is necessary to have the possibility of terminating or interrupting the transaction mechanism, and the legislator needs to decide under what conditions it is allowed to terminate or interrupt the transaction. (The Block) The European Parliament regulates smart contracts…
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Minnesota Congressman Proposes Legislation to Curb Power of Federal Reserve in Central Bank Digital Currency
It is reported that Tom Emmer, a Minnesota congressman, proposed a legislation in the House of Representatives that may limit the power of the Federal Reserve …
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U.S. Senator to Introduce Bill Restricting Cryptocurrency Investments in 401(k) Plans
It is reported that U.S. Republican Senator Tommy Tuberville plans to introduce a legislation on Wednesday that will restrict employers and investment companie…
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Elon Musk Urges Legislative Protection for AI Security
According to reports, as the founder of Open AI, Tesla CEO Elon Musk gave ChatGPT a high evaluation, but he also expressed concern about the potential security…
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Senator Elizabeth Warren Calls for Stringent Anti-Money Laundering Rules for Cryptocurrency Companies
It is reported that US Senator Elizabeth Warren promised to reintroduce a bill at the Senate hearing on Tuesday to tighten the anti-money laundering rules of c…