Stablecoins Could Help US Compete with China – Paul Ryan
According to a former U.S. House of Representatives speaker, Paul Ryan, the US dollar could maintain pace with the Chinese yuan through dollar-pegged stablecoins. In an opinion piece published in the Wall Street Journal on June 13, Paul Ryan contended that dollar-backed stablecoins are “one solution” to maintain the dollar’s appeal, as the United States […]
US Investigates Jack Dorsey’s Block, Inc. Financial Transactions
U.S. prosecutors investigate Block, Inc. after whistleblower claims it processed transactions from sanctioned countries and terrorist groups. According to reports, federal prosecutors in the United States are investigating Block, Inc., a fintech company owned by Jack Dorsey. This investigation comes after documents allegedly exposing persistent and extensive compliance violations at the firm’s payment subsidiaries, Square […]
US May Lose Regulatory Control Over Stablecoin Market – Chainalysis
A new report from blockchain research firm Chainalysis suggests that the US government may lose regulatory supervision of the stablecoin market as activities have increasingly occurred through entities that aren’t licensed in the United States. In its most recent report on cryptocurrencies in North America, published on October 23, Chainalysis noted that non-U.S.-licensed entities have […]
U.S Senator Cynthia Lummis sees Bitcoin mining as a way to boost the US energy industry
The nascent Bitcoin sector continues to get increased attention for its potential, indicating that it will become more than just a payment network or a store of value. Bitcoin, according to some members of the US Congress, is a solution to generation-old energy problems. US Senators believe Bitcoin can help the US attain energy independence. Pete Sessions […]
“Crypto Executive Order Fails To Mention Decentralization Directives” Congressman Tom Emmer
President Joe Biden’s executive order, according to Tom Emmer, the U.S. Representative and Chair of the Blockchain Caucus, fails to mention decentralization directives even once. Emmer believes in the disintermediation of the US economy, which would let all Americans, regardless of circumstance, make decisions about their own futures rather than a bank, Big Tech, or […]