The U.S. Senate recently passed a resolution with a 70-28 vote, led by Senator Ted Cruz (R-Texas), to reverse a Biden administration rule that regulated software developers involved in decentralized financial (DeFi) technology. The rule classified these developers as “brokers,” despite them not handling any cryptocurrency directly. This resolution, which already cleared the House, now ...
The Biden administration faced criticism for delaying the wrongful detainee designation of American Marc Fogel, who was imprisoned in Russia after being arrested for medical marijuana possession. Fogel, a history teacher from Pennsylvania, was sentenced to 14 years in a Russian penal colony. Republican lawmakers, including House Chief Deputy Whip Guy Reschenthaler, argued that he ...
Bryan Steil, a Republican congressman from Wisconsin, has been appointed as the chair of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. This subcommittee will focus on issues related to mobile banking, cryptocurrencies, and NFTs, playing a crucial role in shaping legislation in these areas. Steil emphasizes the importance of financial technologies ...
