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US lawmaker lays out case for a digital dollar

"It is now time for Congress to begin the process of considering and ultimately passing authorizing legislation for the issuance of a US CBDC," said Representative Jim Himes. Connecticut House of Representatives member Jim Himes has released a proposal aiming to start a dialogue on the United States potentially launching a central bank digital currency, or CBDC.In a white paper released on Wednesday, Himes urged Congress to begin exploring the rollout of a digital dollar issued by the Federal Reserve to prevent the government from falling behind in innovations in financial technology.

Nifty News: Christie’s NFT expert to lead CryptoPunks, fake heiress launches NFT collection

Noah Davis, the NFT expert for the auction house Christie’s, said he’s not looking to change the plan for CryptoPunks when he leads the project and has invited holders to a one-on-one chat. Noah Davis, the non-fungible token (NFT) specialist at auction house Christie’s, has said he’s leaving the position in July to take up a post as brand lead for the CryptoPunks NFT collection with Yuga Labs.Announcing the move on June 19 in a Twitter thread, Davis looked to quash any anxieties holders had regarding the future of one of the oldest NFT projects, saying he “will not f*ck with the punks.”What does that mean? It means no Punks on lunchboxes or cringe TV shows/shitty movies.

US lawmakers urge EPA to consider the potential benefits of crypto mining

“Digital assets, and their related mining activities, are essential to the economic future of the United States," said the group of 14 lawmakers. A group of 14 United States senators and House representatives have signed a letter to the Environmental Protection Agency extolling what they believe are the benefits of crypto mining.In a Thursday letter, many US lawmakers including pro-Bitcoin Senator Cynthia Lummis and Representative Tom Emmer addressed EPA administrator Michael Regan, requesting the government agency analyze the potential impact of crypto mining in an effort to balance innovation with environmental concerns.

US House Committee Chairman Seeks Insights into Crypto Retirement Plans

Bitcoin is increasingly becoming a larger part of many institutional portfolios, including pension funds.

US House Ways and Means chairman asks the GAO to check out crypto in retirement plans

It will look at the use and oversight of crypto in 401(k) and similar plans, which is controversial in many parts of the government. Chairman of the United Sates House of Representatives Ways and Means Committee Richard Neal sent a letter to the Government Accountability Office (GAO), a legislative branch watchdog, asking the agency to weigh in on the use of cryptocurrency in retirement plans.

Russian Parliament to Review Bill Prohibiting Crypto Payments

Legislation making it illegal to pay with cryptocurrencies has been filed with the State Duma, the lower house of Russia’s parliament.

Grayscale hires former Solicitor General to help force Bitcoin ETF approval

Ahead of the July 6 SEC decision, the investment giant has hired Don Verrilli, a former US Solicitor General as a senior legal strategist, working alongside its attorneys at Davis Polk & Wardwell LLP and its in-house counsel. Grayscale Investments has hired a former US Solicitor General in preparation for a potential legal spat with the US Securities and Exchange Commission (SEC), should the regulator reject its application for a spot Bitcoin (BTC) exchange-traded fund (ETF) on July 6.The company has been waiting on a decision from the SEC to convert its flagship $19.8 billion Grayscale Bitcoin Trust (GBTC) into a spot-based ETF, since filing its application to the regulator on October 19, 2021. The

White House Preparing New Study on How To Curb Crypto Energy Footprint: Report

A leading legal publication reports the White House is undertaking a study on crypto asset mining and the attendant environmental consequences.

Iota Foundation joins Dell to develop real-time carbon footprint tracking

The Iota Foundation joined Dell along with ClimateCHECK and BioE to fight climate change using real-time carbon footprint data. Iota Foundation, a non-profit distributed ledger technology ecosystem provider, partnered with tech giant Dell Technologies to develop a data-driven solution for the real-time tracking of carbon footprints. Edge solutions from Dell Technologies announced the onboarding of Iota, climate-change-focused technology company ClimateCHECK, and BioE, to develop a solution on top of Dell’s in-house initiatives: Data Confidence Fabric (DCF) and Project Alvarium.We've partnered w/ @Iota, BioE, & @ClimateCHECK to develop real-time carbon footprint tracking through a #data confidence fabric! Hear how #ProjectAlvarium accurately tracks carbon footprints w/ #DellTech Edge solutions. htt

CBDCs can “kill” private crypto: India's RBI deputy governor to IMF

“One of the reasons it is so successful is because it's simple,” he added while comparing the Unified Payments Interface's (UPI) growth with blockchain technology. In discussion with the International Monetary Fund (IMF), T Rabi Sankar, the deputy governor of the Reserve Bank of India (RBI), reflected an anti-crypto stance as he spoke about India’s potential to disrupt the crypto and blockchain ecosystem. Rabi Sankar started the conversation by highlighting the success of the Unified Payments Interface (UPI), India’s in-house fiat-based peer-to-peer payments system — which has seen an average adoption and transaction growth of 160% per anum over the last five years.

White House Drafts Report on Energy Consumption, Crypto Mining in Scope

Cryptocurrency mining is flocking to the US, making it an increasingly dominant venue.

5 Ways that Blockchain is Reshaping the Betting Business

If there’s one takeaway that society has gained from the betting industry, it’s that traditional casinos are not designed to favor the bettor—the house always ends up winning.

Polygon [MATIC]: Assessing how 'interested' investors really are

A wise man once said, "Before you save the world, make sure your own house is in order." Following a chat with CNBC at this year’s World Economic Forum (WEF) Annual Meeting, Mihailo Bjelic, the cThe post Polygon [MATIC]: Assessing how 'interested' investors really are appeared first on AMBCrypto.