Rep. Patrick McHenry, R-N.C., explained some of the challenges that his new crypto legislation has faced when speaking at the Writing the Rules of Crypto Event hosted by Politico on Sept. 20.
Rep. Raja Krishnamoorthi, D-Ill., Chair of the House Subcommittee on Economic and Consumer Policy, sent letters to four Federal agencies and five digital asset exchanges on August 30 to gather information on actions they’re taking to combat cryptocurrency-related fraud and scams.
As the market for non-fungible tokens (NFT) grows – with NFT revenue now expected to exceed $130 billion by 2030 – the Federal will need additional expertise to address the policy and regulatory needs of the market required to best protect consumers, a report from the Government Accountability Office (GAO) says.
Rep. Darren Soto, D-Fla., along with Christy Goldsmith Romero, a newly appointed commissioner of the Commodity Futures Trading Commission (CFTC), today urged Congress to provide regulatory clarity on the growing cryptocurrency and blockchain industries.
New bipartisan legislation from Sens. Kirsten Gillibrand, D-N.Y., and Cynthia Lummis, R-Wy., aims to create a complete regulatory framework for digital assets such as cryptocurrencies, but the senators emphasized today how the bill also addresses the cyber aspect of digital assets.
New Senate legislation unveiled today would retain at least for now the status quo on current Federal oversight of some cryptocurrency trading, but also would set the stage for a much broader examination of how and whether the Federal government should create regulatory structures for a wider range of digital assets that includes cryptocurrency.
Experts from the cryptocurrency and blockchain technology sectors said today they are watching with deep interest for the outcomes of a Biden administration executive order issued in March on the risks and benefits of digital assets in order to gauge the whether the Federal government and Congress will undertake meaningful regulatory changes that would benefit the sectors.
In the lead-up to the in-person forum in Washington, D.C., we are table-setting a host of big issues that will get serious attention at MerITocracy 2022. And lining up some big guns in Congress – Reps. Bill Foster, D-Ill, and Tom Emmer, R-Minn. – along with Chamber of Digital Commerce CEO Perianne Boring to point the way forward.
Sens. Roger Wicker, R-Miss., and Cynthia Lummis, R-Wyo., have introduced a bill that aims to better coordinate Federal research and development (R&D) efforts on distributed ledger technologies (DLT), including the more commonly known blockchain technology.
Blockchain technologies face challenges, but a new report from the Government Accountability Office (GAO) offers a range of policy recommendations that could help enhance the benefits and mitigate challenges posed by the use of those technologies.
The National Institute of Standards and Technology (NIST) is looking for information on the trends and future investment needs for eight emerging technology sectors to complete a study authorized in the fiscal year (FY) 2021 appropriations act, according to a request for information (RFI) posted to the Federal Register Nov. 22.
Rep. Jerry McNerney, D-Calif., introduced a bill that, if passed, would commission a study on blockchain technology and digital currency, and another on how artificial intelligence (AI) can aid the Consumer Product Safety Commission.
Legislation to establish a Blockchain Center of Excellence (CoE) within the Department of Commerce was reintroduced in the House on May 25.
With more and more people putting their trust in cryptocurrencies, the Internal Revenue Service (IRS) is beginning to research how to crack and decrypt crypto wallets that have been subject to seizure and forfeiture, according to a May 20 request for information (RFI) posted to SAM.gov.
The Federal Communications Commission (FCC) has adopted the final rules to implement the Emergency Connectivity Fund Program, which will help schools and libraries purchase the technology needed to close the homework gap.
Sens. Joe Manchin, D-W.V., and John Cornyn, R-Texas, and Reps. Jim Cooper, D-Tenn., and Roger Williams, R-Texas, have reintroduced the Eliminate the Digital Divide Act, which is intended to expand rural broadband access in rural America.
The Department of Treasury is using emerging technologies – namely blockchain – to reduce the reporting burden on U.S. Federal grants issued by the agency.
The National Institute of Standards and Technology (NIST) intends to negotiate a firm-fixed priced purchase order for collaborative governmentwide blockchain research support services.
Chairs of the Congressional Blockchain Caucus Reps. David Schweikert, R-Ariz., and Darren Soto, D-Fla., re-introduced legislation earlier this week to expand government use and the definition of blockchain, ensuring the use of the technology for electronic records and signatures.
The U.S. House of Representatives recently passed the American Competitiveness on More Productive Emerging Tech Economy (COMPETE Act) and the Consumer Safety Technology Act (H.R. 8128), both now move to the Senate for consideration.
The Bureau of the Fiscal Service within the Department of Treasury is looking to streamline the government financial processes by adopting emerging technologies with two cost-saving projects.
A bill introduced to authorize a study of blockchain technology advanced out of the House Energy and Commerce Committee this week.
Reps. Cathy McMorris Rodgers, R-Wash., and Bobby Rush, D-Ill., introduced a bill to mandate studies by the Department of Commerce and Federal Trade Commission on emerging technologies such as artificial intelligence, blockchain, and quantum computing.
While business owners told members of the House Small Business Committee at a March 4 hearing how they use blockchain in their operations, a question from the committee’s chairwoman led to talk of bigger operations that could benefit from blockchain – state governments.
Accelerate – the first blockchain-based program in the Federal government to get an authority-to-operate – will save the Department of Health and Human Services (HHS) $30 million over five years, the agency’s CIO said today.
The Department of Transportation’s Federal Highway Administration (FHWA) is seeking out blockchain and artificial intelligence (AI) technologies to improve highway safety and operations.
The Department of Homeland Security’s (DHS) Science and Technology (S&T) Directorate has announced the award of a contract to Mavennet Systems to adapt its oil and gas industry blockchain security technology for use by DHS’s Custom and Border Protection organization to track cross-border oil imports.
The Government Accountability Office (GAO) highlighted the potential benefits and challenges of implementing distributed ledger technologies (DLT) – like blockchain – in government, in a report released today.