Features Crypto News by Thebittimes.Com

The Republican candidate also pledged to rescind all federal regulations that fail the Supreme Court’s major questions doctrine test in the West Virginia vs. EPA case — a potentially positive for crypto. United States presidential candidate Vivek Ramaswamy has lauded Grayscale’s recent victory over the federal securities regulator, arguing the decision will help keep Bitcoin and blockchain innovation from going overseas. In an Aug. 30 post on X (formerly Twitter) the pro-Bitcoin Republican candidate took shot at a “shadow” U.S. government, pointing the blame towards the “unlawful rogue behaviors of “3-letter government agencies” — presumably the Securities and Exchange Commission. Ramaswamy said this has led to the U.S. courts to serve as a last line of defense to help keep cryptocurrency innovators in the country, adding that it shouldn’t have reached the courts in the first place. “This decision is strong and clears a path to keep Bitcoin & blockchain innovation in the U.S. ...

Montana is could face a series of changes if its pro-crypto mining bill is approved. The Montana Senate recently passed a bill designed to protect crypto miners operating within the state. The proposed law, which is currently making its way through the state's House of Representatives, seeks to protect both individual and commercial miners in Montana against discriminatory laws by scrapping some of the rules that have the potential to undermine their operations. Specifically, the bill seeks to protect miners against taxes on digital assets used as a means of payment. Additionally, it endeavors to permit home crypto miners who use less than 1 megawatt of energy annually to do so, except when in contravention of existing noise bylaws. Furthermore, it seeks to do away with any energy rate classification that discriminates against home crypto mining and digital asset businesses. The bill comes after years of concerted efforts by lobbyists and crypto companies to put more crypto-favor...

The soon-to-retire senator introduced the new stablecoin bill only a few weeks before the end of the 117th US congressional session. Republican Senator Pat Toomey, who is set to retire from U.S. Congress at the end of the term, has used one of his last few weeks in office to introduce a new stablecoin bill, aimed at creating a regulatory framework for “payment stablecoins.” Toomey — who also serves as the Ranking Member of the U.S. Banking Committee — said the Dec. 21 bill, called the Stablecoin TRUST Act of 2022 would serve as a framework for stablecoin regulation for his fellow senators who are looking to push out stablecoin legislation in 2023. In a statement, the senator called stablecoins an “exciting technological development that could transform money and payments,” adding: “By digitizing the U.S. dollar and making it available on a global, instant, and nearly cost-free basis, stablecoins could be widely used across the physical economy in a variety of ways.” If passed by Cong...

Despite suggesting a possible ban, U.S. Senator Sherrod Brown stated it would be “very difficult” to implement because activity “would go offshore.” United States Banking Committee chairman Sherrod Brown has suggested that the Securities Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) should perhaps consider a ban on cryptocurrencies. Brown’s comments were made in a Dec. 18 appearance on NBC’s “Meet the Press” although the Senator quickly added that a ban would be difficult to enforce. “We want them to do what they need to do at the same time, maybe banning it, although banning it is very difficult because it would go offshore, and who knows how that would work.” Earlier, in response to a host's question about Senator Jon Tester who believes crypto currencies should be banned, Brown said he shares the “same thought.” The Ohio representative stated that over the last 18 months he has been “educating” his colleagues and the public on the dangers of cryp...

Even conservatives and MAGA supporters are not pleased with Trump, as they were hanging on for a more serious announcement from the former president. Former president and crypto hater Donald Trump’s bizarre NFT collectible project has left the community baffled . Even conservatives and avid MAGA supporters are scratching their heads, while analyst Eric Wall likened the project to a “SimpDAO.” In what Trump called a “major announcement” via his social media platform Truth Social on Dec. 15, the former president unveiled a collection of 45,000 NFT trading cards, with the artwork depicting himself in various outfits such as golf attire, hunting gear and a superhero costume. Thank God, the digital trading cards are here. It was indeed a MAJOR ANNOUNCEMENT. pic.twitter.com/T1nsqRwr92 — Ben Shapiro (@benshapiro) December 15, 2022 The Polygon-based NFTs are selling for $99 per token, and buyers are automatically entered into sweepstakes which include “1000s of prizes” such as one-o...