New York’s Latest Bill Clamping Down On Bitcoin Mining Draws Sharp Criticism From Industry

While many states across the US are leaving no stones unturned to entice crypto mining companies to set up shop in their respective jurisdictions, New York’s lawmakers are moving in the opposite direction.

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.

EU Lawmakers Urged to Speed Up Passage of Crypto Law

Controversial provisions of the MiCA framework aim to simplify the rise of crypto businesses across the EU's 27 member nations.

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.

Central authorities have demonized privacy — Crypto projects must fight back

While a core tenet and source of pride among crypto projects, privacy has been demonized by those in power, including lawmakers, regulators, banks and academics. Zcash (ZEC), a privacy coin that launched in 2016, unveiled an upgrade to its system on May 31 that will allow users to more easily make private, trustless digital cash payments on mobile phones.

Human Rights Advocates Urge US Lawmakers to Concern Crypto, Saving Crumbling Currencies

A group of human rights advocates have urged US Congress members to be concerned about the role of importance of cryptocurrencies against unstable economies whose local currencies are collapsing.

Japanese Lawmakers to Introduce New Bill, Empowering Crypto Seizure

In a bid to strengthen its regulatory landscape, Japanese lawmakers are reportedly looking forward to amending the Act on Punishment of Organized Crimes and Control of Proceeds of Crime (1999) (Read More)

This Week on Crypto Twitter: Elon Musk and Dogecoin Co-Creator Jackson Palmer Exchange Words

Elsewhere, Vitalik Buterin ponders an anti-crypto letter sent to US lawmakers, and New York's governor considers a two-year mining ban.

US Lawmakers Introduce Bill To Require Members of Congress To Disclose Crypto Holdings

Two US lawmakers have introduced a bipartisan bill that would require members of Congress to declare their crypto holdings.

Eyes on New York Governor Kathy Hochul After State Lawmakers Pass Moratorium on Proof-of-Work Crypto Mining

A bill that would create a moratorium on proof-of-work crypto mining has been approved by the New York State Senate and is now on its way to Governor Kathy Hochul’s desk to be potentially signed into law.

Japan Adopts Legislation Establishing Legal Framework for Stablecoins

The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors.

New York Bill That Aims to Establish a Bitcoin Mining Moratorium Awaits Governor Hochul’s Signature

The state of New York passed a bill that puts a moratorium on specific types of cryptocurrency mining operations that leverage carbon-based energy sources.

Tough Crypto Law Expected in Russia Despite Central Bank’s Softer Stance on Crypto Payments

The bill “On Digital Currency,” meant to comprehensively regulate crypto transactions in Russia, will be a “tough” law, according to the head of the State Duma Financial Market Committee.

Community fires back at anti-crypto letter sent to US lawmakers

Tech lawyer Preston Byrne blasted the signatories, describing some of them as “unapologetic attention seekers.” The increase of crypto lobbyists recently sparked an effort from anti-crypto individuals in the tech space to urge regulators through a letter to resist the influence of blockchain advocates.

Tech Experts Warns US Lawmakers About Growing Crypto Lobbying Efforts

Amidst growing lobbying influence, a group of acclaimed tech experts has come together to warn about the growing impact of the cryptocurrency industry.

Crypto-Skeptic Tech Pros Counter-Lobby US Lawmakers

Leading technologists signed an anti-crypto letter to Washington, calling blockchain technology a “solution in search of a problem.”