House Republicans Push SEC To Repeal ‘disastrous’ SAB 121
The House and Senate Republicans alleged that by issuing SAB 121, the SEC avoided the Administrative Procedure Act’s notice and comment rulemaking procedure. Over 40 U.S. Republicans have urged the Securities and Exchange Commission (SEC) to repeal its “disastrous” rule, Staff Accounting Bulletin (SAB) No. 121. This request follows a bipartisan repeal bill that was […]
Digital Chamber Urges Congress to Exempt NFTs from SEC Rules
The Digital Chamber, a blockchain advocacy group, has urged Congress to exempt certain NFTs from SEC regulations, arguing they should be classified as consumer products, not securities. The Digital Chamber, a Washington-based advocacy organization that advocates for the blockchain technology, Bitcoin, and digital asset industry, has requested that the U.S. Congress consider the exemption of […]
Crypto Bill May Reach Congress by Year-End, Says Crypto4Harris
At the Crypto4Harris event, Senate Majority Leader Chuck Schumer expressed optimism about passing crypto legislation this year, emphasizing the need for bipartisan support and sensible regulation to ensure the industry’s future. Chuck Schumer, the US Senate Majority Leader, disclosed that it is still feasible to implement some form of crypto legislation this year during the […]
Senior US officials urge Congress to strengthen Crypto regulation
The officials ask Congress to intensify its efforts on crypto regulation to prevent the misappropriation of consumers’ assets and the emergence of conflicts of interest. Four high-ranking US government officials working in the White House have issued a call to action to the US Congress, urging it to “step up its efforts” in the area […]
US senator behind efforts to pass crypto bill won’t run for re-election
Michigan Senator Debbie Stabenow, chair of the United States Senate Agriculture Committee, has announced that she will be leaving office in 2025. Stabenow stated in a Jan. 5 statement that she will serve out the remainder of her 6-year term in the Senate before “pass[ing] the torch” to other US representatives. The senator was one […]