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House Passes Landmark Crypto Bill Marking ‘Historic Day’ for Americans


The U.S. House of Representatives has approved the Financial Innovation and Technology for the 21st Century (FIT21) Act for the regulation of crypto assets despite opposition from President Joe Biden and SEC Chair Gary Gensler. This landmark legislation secured a bipartisan approval with a vote...

Biden Administration Announces Opposition To FIT21


President Joe Biden’s administration will oppose the passage of Financial Innovation and Technology for the 21st Century Act (FIT21), a Wednesday statement from the White House claims.  The White House's announcement comes the same day of the bill's vote in the House of Representatives. The post...

SWIFT China President Wen Yang on Overcoming Barriers in CBDC Systems


SWIFT China President Wen Yang discusses the challenges and solutions for cross-border CBDC interoperability and initiatives to bridge the technological gaps between different CBDC systems. The post SWIFT China President Wen Yang on Overcoming Barriers in CBDC Systems appeared first on Cryptonews

El Salvador Reportedly Mined Nearly 474 BTC Using Geothermal Energy


El Salvador, the first country to adopt bitcoin as legal tender, has reportedly added 473.5 BTC to its treasury using geothermal energy. According to reports, official data released by The Bitcoin Office of El Salvador (ONBTC) disclosed that this number of bitcoin was mined since 2021 using 1.5...

Breaking: Senate Overwhelmingly Votes To Overturn The SEC’s SAB121


The U.S. Senate voted to formally issue a disapproval of the United States Securities and Exchange Commission’s (SEC) controversial staff accounting bulletin SAB121 on Monday afternoon. The vote follows a House vote of the federal agency’s guidelines, with the resolution now headed to President...

El Salvador Launches Treasury Holdings Site, Confirms Daily Bitcoin Purchases


The Bitcoin Office of El Salvador (ONBTC) has launched a site that allows anyone to confirm the treasury holdings of the country, offering a large degree of transparency in its finances. The site, composed as a custom instance of mempool space, a popular block explorer, confirms that the country...

Belarusian President Claims Decline in US Dollar and Euro Use Globally


Belarusian President Alexander Lukashenko stated that many nations are reconsidering their use of the U.S. dollar and euro due to recent global financial tensions. Speaking in Minsk, Lukashenko highlighted that this shift is not limited to Belarus and Russia, but is observed worldwide....

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