Brazil’s Senate approves ‘Bitcoin law’ to regulate cryptocurrencies

Brazil’s Senate has passed the country’s first bill governing cryptocurrencies in a plenary session, which will set the stage for the creation of a regulatory framework for the country’s crypto industry.  The bill must be approved by the Chamber of Deputies and then signed off by President Jair Bolsonaro to become law in the country. […]

Brazilian Senate announces incoming approval of the ‘Bitcoin law’

The bill regulating the cryptocurrency market in Brazil is expected to be approved by the National Congress in the first half of this year, according to Cointelegraph Brazil. The legislation, which has been debated in the Chamber of Deputies since 2015, has been approved in the first round of consideration. The Senate has attached it […]

New York Senate Authorizes NYDFS to 'Assess' Crypto Companies

The New York State Senate is boosting the state’s Department of Financial Services (NYDFS) efforts to oversee the cryptocurrency sector. The Senate passed its fiscal year 2023 budget early Saturday, which included a provision tasking NYDFS with developing a new “assessment” or charge for the cryptocurrency companies it oversees to bring its oversight mandate in […]

Brazilian Senate Committee Approves Bill Regulating Crypto Transactions

  Image The Brazilian Senate economic affairs committee approved a bill legalizing crypto transactions on February 22, 2022.  Bill PL 3825/19 was introduced by Senator Flavio Arns who authored it in 2019. The bill was then crafted jointly in collaboration with Brazil’s Central Bank, the securities exchange commission, and the federal tax authority, as a […]

Poolin Lending, Square Crypto’s Grant and a Bitcoin-Holding Senate Candidate

The crypto mining pool Poolin has started working with crypto lender BlockFi to expand its lending and financial services business. Meanwhile, Square Crypto has awarded a grant to a Bitcoin Lightning Network watchtower and the U.S. Immigration and Customs Enforcement is going after the Venezuelan petro dollar’s architect. Here’s the story: Top Shelf MiningSemiconductor Manufacturing […]

Meet the US Senate Candidate Who’s Invested in Bitcoin Since 2013

Cynthia Lummis was the U.S. Representative for Wyoming from 2009 to 2017, and is now running for U.S. Senate. A budget hawk and founding member of the Freedom Caucus, she first bought bitcoin in 2013 after a tip from her son-in-law. She’s been an advocate ever since. A rancher with sandy blonde hair and a […]

Louisiana State Senate to Consider Crypto Business Licensing Bill

The Louisiana State Senate is about to consider a bill to regulate and license virtual currency businesses. Sponsored by state Rep. Mark Wright (R-77), HB701 sailed through the state House of Representatives with unanimous approval, and is being referred to the Senate Committee on Commerce, Consumer Protection and International Affairs. If passed, the legislation would […]

Ex-Bakkt CEO Kelly Loeffler Got $9M Payout as She Left for US Senate: Report

Senator Kelly Loeffler (R-Ga.) reportedly received a hefty payout from Bakkt’s parent company Intercontinental Exchange (ICE) as she left to take up her political position. According to the New York Times on Wednesday, Loeffler was revealed to have been gifted “stock and other awards worth more than $9 million” when she departed her role as […]