Two leading congressional voices on cryptocurrency this week reaffirmed their support for creating a regulatory framework to oversee digital assets and expressed frustration at the slow pace of crypto legislation in Congress. […]

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. […]

A Federal court in California last week cleared the way for the Internal Revenue Service (IRS) to begin gathering data on cryptocurrency transactions conducted by U.S. taxpayers between 2016 and 2021, to gauge the degree to which citizens are complying with Federal tax law on crypto transactions.  […]

The Treasury Department sanctioned cryptocurrency mixer Tornado Cash on August 8, saying the service has been used to launder over $7 billion worth of virtual currency. […]

Sen. Elizabeth Warren, D-Mass., said on July 28 that she plans to introduce new legislation aimed at combating what she called cryptocurrency and digital asset “scams” aimed at novice investors. […]

Two members of the Congressional Blockchain Caucus warned today against any broad Federal action that would interfere with the workings of volatile cryptocurrency markets, and voiced a go-slow approach about any move by the government to set up dollar-backed digital currency on its own. […]

Democratic lawmakers want the Energy Department (DoE) and the Environmental Protection Agency (EPA) to conduct deeper oversight into the environmental impacts of digital currency mining, with a particular focus on the energy consumption and emissions volume. […]

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. […]

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. […]

While Democratic members of the Senate Committee on Banking, Housing, and Urban Affairs fear cryptocurrency could be used to help Russia evade economic sanctions, witnesses at a hearing on March 17 reminded lawmakers how crypto is being used for good, providing over $55 million to Ukraine for much needed humanitarian aid and supplies. […]