US Lawmakers Address Crypto Regulation; Legal Developments Emerge
US Lawmakers Address Crypto Regulation; Legal Developments Emerge
Recent news highlights significant legislative and legal activity in the United States regarding the cryptocurrency sector. A housing bill that includes a ban on the Federal Reserve issuing a Central Bank Digital Currency (CBDC) has officially become law. In a separate development, the Department of Justice is reportedly moving to drop charges against an individual involved in a large crypto Ponzi scheme. Meanwhile, Congress is set to return to Washington to advance cryptocurrency legislation, specifically mentioning the Clarity Act, ahead of the midterm election calendar.
The 21st Century ROAD to Housing Act, which includes a provision that bans the Fed from issuing a CBDC, has become law.
A former contestant on 'The Apprentice' is one of the persons urging the DOJ to drop the charges, the report said.
Congress returns to Washington next week, ready to take up cryptocurrency legislation before the midterm election calendar takes over.