As the infrastructure bill that brought a great deal of attention to Washington D.C. on the regulatory oversight of crypto, the 117th Congress now has seen 18 bills that have been introduced that directly impact cryptocurrencies, blockchain technology, or central bank digital currencies.
Last Congress, the main focus was around the introduction of Facebook’s new Libra project - renamed Diem - with an intense focus on the potential impact of stablecoins. Back in 2019, the Blockchain Association did an outstanding effort on the Hill with helping to differentiate between Bitcoin and other more centralized cryptocurrencies.
Additionally, the birth of a digital dollar or central bank digital currency (CBDC) made a splash in the crypto community, while Coin Center, the leading think tank in Washington D.C. on policy matters related to cryptocurrency, presented the dangers of losing privacy in moving forward with a U.S. digital dollar.
This article seeks to lay out for those newly interested in crypto regulation what some of the legislation is about that has been introduced. The sections will be divided into bills that cover bills that aim at providing regulatory clarity for crypto, the technology underlying bitcoin called blockchain, and consideration of a U.S. CBDC.
Continue reading: https://www.forbes.com/sites/jasonbrett/2021/08/22/congress-has-introduced-18-new-bills-on-crypto-and-blockchain-in-2021/?sh=1e518035263b
Last Congress, the main focus was around the introduction of Facebook’s new Libra project - renamed Diem - with an intense focus on the potential impact of stablecoins. Back in 2019, the Blockchain Association did an outstanding effort on the Hill with helping to differentiate between Bitcoin and other more centralized cryptocurrencies.
Additionally, the birth of a digital dollar or central bank digital currency (CBDC) made a splash in the crypto community, while Coin Center, the leading think tank in Washington D.C. on policy matters related to cryptocurrency, presented the dangers of losing privacy in moving forward with a U.S. digital dollar.
This article seeks to lay out for those newly interested in crypto regulation what some of the legislation is about that has been introduced. The sections will be divided into bills that cover bills that aim at providing regulatory clarity for crypto, the technology underlying bitcoin called blockchain, and consideration of a U.S. CBDC.
Continue reading: https://www.forbes.com/sites/jasonbrett/2021/08/22/congress-has-introduced-18-new-bills-on-crypto-and-blockchain-in-2021/?sh=1e518035263b
