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Proposed Bill in US Congress Would Commission Study of Crypto in Sex Trafficking

The US Congress has proposed a bill calling for the study of crypto usage in sex and drugs trafficking. The US House of Representatives Financial Services Committee has proposed a bill today that would initiate a study on how cryptocurrencies are used in sex trafficking. Should the bill be approved and signed into law, it would require the Comptroller General of the US to research how “virtual currencies and online marketplaces are used to buy, sell, or facilitate the financing of goods or services associated with sex trafficking.”…
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US Congress Includes Crypto In Its Joint Economic Report For The First Time

Cryptocurrencies have been featured for the first time in the Joint Economic Report from the US Congress, which recommends Blockchain for gov’t agencies. For the first time the US Congress has dedicated an entire section to cryptocurrencies and Blockchain technology in its annual Joint Economic Report, published March 13. The 2018 Joint Economic Report contains analysis and recommendations for the coming year and dedicates an entire chapter to providing insight into the impact of cryptocurrencies and Blockchain on the US economy today. The report calls 2017 “the year of cryptocurrencies”, pointing out that widespread concern over Bitcoin drove it to second place as a global news topic in Google’s Year in Search 2017. The price of a number of cryptocurrency and Blockchain assets showed a dramatic surge, leaving behind some key economic indexes like the Dow Jones Industrial Average and the S&P 500. “...If…
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US Congress Divided On Crypto: From ‘Regulation Is A Wet Blanket’ To ‘Crypto Is A Crock’

Washington Committee hearing on crypto reveals discord among Congress’ approach, unity in the crypto community’s need for more clear regulations. The Subcommittee on Capital Markets, Securities, and Investment convened Wednesday, March 14, to discuss the future of cryptocurrencies, digital currencies, ICOs, and Blockchain development in the US. Throughout the course of the proceedings, it became clear that the panel of four crypto and Blockchain industry experts was more or less in agreement that further regulatory clarification from the US government is necessary.…