US Senator Ted Cruz Introduces Bill to Ban Digital Dollar
US Senator Ted Cruz has proposed a bill to prevent the US Federal Reserve from issuing a digital version of the dollar.
US Senator Ted Cruz has proposed a bill to prevent the US Federal Reserve from issuing a digital version of the dollar.
Miles Guo has been arrested by US authorities on charges related to crypto-related scams amounting to over $1 billion.
Signature Bank was reportedly able to resolve their outflow of deposits by the time the New York state regulator had chosen to close the financial institution.
Michael Barr, a Fed spokesman, has confirmed the regulator plans to create a group of crypto experts.
US senators have sent a letter to the management of the crypto exchange Binance demanding the release of financial data.
Brian Armstrong has recently expressed his opinion on the state of digital assets in the United States.
With the exception of Bitcoin, all digital currencies can be categorized as securities and regulated using existing legislation.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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