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Congress
US Lawmakers Looking Into China’s Role in GameStop Pump: Report
Some Republican members of the House Financial Services Committee want to look into Reddit’s ties to Chinese tech conglomerate Tencent and Robinhood rival Moomoo.
Robinhood CEO to Testify Before Congress. Here’s Why that Matters for Bitcoin.
Vlad Tenev, CEO of Robinhood, is expected to testify before Congress next week. The chance to put both Silicon Valley and Wall Street in the hot seat is “catnip for Congress” says CoinDesk senior research analyst Galen Moore.
US Congress Plans Hearings on GameStop Market Pumps
While Congress is planning multiple hearings, it's less clear what financial regulators might do.
US Lawmakers Reach Agreement on Stimulus Bill, Vote Could Come Tonight, McConnell Says: CNBC
Negotiators on Sunday were hammering out final details of a $900 million pandemic stimulus, the Wall Street Journal reported.
US Lawmakers Ask SEC to Clarify Broker-Dealer Rules
U.S. lawmakers asked the SEC and FINRA to clarify how crypto firms can become registered broker-dealers and provide custody services for crypto assets.
US Senator Toomey Highlights Digital Currency Regs as He Eyes Banking Panel Chairmanship
The Pennsylvania senator is eager to focus on fintech if he assumes the top post at the Senate Banking Committee.
US Lawmakers Don't Want Proof-of-Stake Networks to Get Overtaxed
Four U.S. congressmen have asked the IRS to clarify how block rewards from proof-of-stake networks are taxed, to prevent taxpayers from owing more than they should.
Banks Won't Rush to Hold Crypto – But OCC's Regulatory Approval Makes It Harder to Ignore
Regulatory approval doesn't mean banks are about to begin providing crypto custody, but it is accelerating a conversation about financial institutions safeguarding bitcoin.
CFTC Seeks Industry Advice on Blockchain Applications
The commission’s technology advisory committee made several presentations on various blockchain applications including CBDCs and digital tokens during a four-hour-long remote meeting last Thursday.
In the Aftermath of Hack, Lawmakers Blame Twitter, Not Bitcoin
Lawmakers are calling on Twitter to answer for a hack that shook the platform, focusing on cybersecurity rather than scapegoating cryptocurrencies.
