US House Passes FIT21 Crypto Bill in Surprise Move
The US House passed the FIT21 Act with a 279-136 vote, establishing a regulatory framework for digital assets. The US House of Representatives approved the Financial Innovation and Technology for the 21st Century Act (FIT21) by a resounding 279 to 136 vote. The bill, which the cryptocurrency industry views as a significant victory, seeks to […]
Virginia State Passes Crypto, Blockchain Adoption Bill
A landmark bill was enacted by the Virginia Senate of the United States, which established a workgroup charged with examining the broader crypto and blockchain ecosystem and developing suggestions to promote the growth of the technology. Legislators in Virginia introduced Senate Bill No. 339 on February 5 to solicit recommendations regarding promoting and expanding blockchain […]
New Jersey Bill to Treat Crypto Sold to Institutional Investors as Security
According to state law, the New Jersey General Assembly may contemplate a bill defining when a digital asset or “virtual currency” qualifies as a security. New Jersey would classify as securities all virtual currencies issued and sold to institutional investors, according to legislation introduced on November 29 by Democratic Assemblymember Herb Conaway, Jr. According to […]
Texas Rep proposes legislation to protect Texas crypto investors
The regulation is intended to keep consumers from experiencing the same fate as clients who invested in the crypto trading platform FTX. Texas Rep. Giovanni Capriglione introduced legislation to safeguard consumers who invest in digital assets such as cryptocurrencies. Capriglione’s House Bill 1666 would compel crypto exchanges to demonstrate that they have sufficient funds to […]
Central African Republic creates task force to draft crypto bill
The Central African Republic (CAR) government has given a 15-member team the task of drafting a crypto bill. The Central African Republic (CAR) government has given a 15-member team the task of drafting a crypto bill. The creation of a legislative framework and an ecosystem model for its citizens’ use of cryptocurrencies and other tokens […]