Cryptocurrency is under attack from some influential individuals who are bent on sneaking in harmful bills through the U.S. Senate, pushing those bills to be passed as laws, and in this way bringing the entire industry to its knees. The latest effort is through a proposed so-called America COMPETES Act. The proposed bill contains elements […]
A new draft bill could give the US Treasury power to ban crypto exchanges and it will be an effort to strip the surveillance laws on the public processes so let’s find out more today in our latest cryptocurrency news. The US Treasury already has a wider power to prohibit the transmittal of funds and […]
$8 Billion Flushing Bank to Offer Bitcoin Services | Fidelity Files to Launch ETF Tied to Metaverse | Draft Bill Could Let U.S. Treasury Block International Crypto Transactions
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.
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.” […]