Senator Pat Toomey, a senior member of the U.S. Senate Banking Committee, urges the Treasury and State Departments closely examine Beijing’s CBDC rollout during the Olympic Games. (Read More)

In light of media crackdowns, social scoring and human rights abuses within China, a digital yuan strikes this Senator as a tool of control. 

The post Senator sounds the alarm on international rollout of digital yuan during Beijing Olympics appeared first on The Block.

The Boston Fed and MIT said the first phase of the project proved a CBDC could feasibly support cryptographic payments

The post MIT and Boston Fed Conclude First Phase of CBDC Research Project appeared first on Blockworks.

The Biden Administration is expected to issue an order that would make government agencies begin conducting risk analysis on cryptocurrency as a national security threat.

Coin Center calls it an effort "to strip our surveillance laws of all public processes."

The Biden Administration's secret crypto strategy is becoming clear: it wants to force stablecoin issuers into the arms of big banking.

A new bill introduced in the U.S. has a provision that “would essentially give the Treasury Secretary unchecked and unilateral power” to ban cryptocurrency transactions, warned crypto advocacy organization Coin Center. Treasury Secretary Janet Yellen will be able to prohibit any crypto transactions “without any process, rulemaking, or limitation on the duration of the prohibition.” […]

The US is pushing new regulations onto crypto that will inevitably render accepting digital assets a pain in the ass for small businesses.

The post New US laws make it difficult for small businesses to accept crypto appeared first on Protos.

Michael Hsu believes bank regulation of stablecoins would be good for the crypto industry—and the safety of the financial system.