The U.S. Senate is marching on in its effort to craft rules and regulations for the vast majority of the crypto market, releasing a discussion draft of a market structure bill that more clearly defines some of the frameworks the lawmakers are contemplating. The 35-page draft released Tuesday formulates new definitions for digital assets that … Read more
After delays in Congress over Republican concerns with central bank digital currencies (CBDCs), the US House of Representatives has passed its first two pieces of crypto legislation of the week. In a Thursday House session, lawmakers voted 294-134 to pass the Digital Asset Market Clarity (CLARITY) Act, a bill aimed at establishing a market structure … Read more
The Senate Agriculture Committee leapt into Congress’ negotiation over crypto’s market structure legislation with a hearing on Tuesday, and its ranking Democrat, Senator Amy Klobuchar, outlined the significant changes she’d like to see before she’d embrace the effort to set up digital assets regulations. As the House potentially nears passage of its own market structure … Read more
The U.S. House of Representatives’ so-called Crypto Week is steaming toward mid-week votes on two foundational pieces of legislation that would push the industry’s status forward significantly in the U.S., including what amounts to a final congressional action on regulating stablecoins. While that last necessary vote on the stablecoin bill known as the Guiding and … Read more
The government is set to present the Union Budget for the next financial year on February 1. With only a couple of days until the next budget is revealed, members of India’s Web3 sector have revealed some of the changes to policy and taxation that they are hoping to see during the coming year. In … Read more
Intel’s new CEO, Lip-Bu Tan, is flattening the semiconductor giant’s leadership team, with important chip groups reporting directly to him, according to a memo from Tan seen by Reuters. Intel has also promoted networking chip chief Sachin Katti to be chief technology officer and artificial intelligence chief, according to the memo. The leadership changes are … Read more