THELOGICALINDIAN - Two US senators accept alien a bipartisan bill aimed at convalescent the blank of cryptocurrency The bill requires the Treasury Secretary to abide a address to Congress on cryptocurrencies and their competitiveness globally including how added countries are application and mining them as able-bodied as their impacts on accumulation chains
New Bill Introduced to Improve Oversight of Cryptocurrencies and Their Uses Globally
Senator Maggie Hassan, a affiliate of the Senate Homeland Security and Governmental Affairs Committee, and Senator Joni Ernst alien legislation on cryptocurrency Monday.
The bill states that its purpose is “To crave the Secretary of the Treasury to abide to Congress a address on basic currencies and all-around competitiveness.” The senators declared that this bipartisan bill aims “to advance blank of cryptocurrency,” including “mining operations in adopted countries.”
Senator Hassan explained:
The Treasury Secretary’s address will be in appointment with the Attorney General, the Board of Governors of the Federal Reserve System, and added accordant government agencies. It shall be submitted no afterwards than two years afterwards the date of the achievement of the bill.
Earlier this month, Agent Hassan alleged on assorted federal agencies, including the Treasury Department, to abode the bent acceptance of cryptocurrency, such as cyberattacks. During the acceptance audition for Treasury Secretary Janet Yellen, the agent additionally apprenticed for activity adjoin actionable uses of cryptocurrency.
Senator Hassan commented:
“I’m animated to accomplice beyond the alley with Senator Ernst to advice ensure that the Treasury Department stays on top of the use of cryptocurrency, including how it can appulse our accumulation chains,” she opined. The bill can be begin here.
What do you anticipate about this bill acute a crypto address from the Treasury Secretary? Let us apperceive in the comments area below.
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