U.S. Senate Passes $886B Military Spending Bill With Crypto AML Provision

The amendment takes aim at crypto mixers and “anonymity-enhancing” crypto assets.

• 2023-07-28
• Cynthia Lummis National Defense Authorization Act Kirsten Gillibrand U.S. Senate crypto Roger Marshall Senator Warren Elizabeth Warren crypto trading

A Second Round of the Lummis-Gillibrand Crypto Bill Elevates CFTC, Defines DeFi

The U.S. Securities and Exchange Commission (SEC) would take a back seat in a crypto oversight bill being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), which would require that crypto exchanges be overseen by the Commodity Futures Trading Commission (CFTC) and all stablecoin issuers be regulated depository institutions.

• 2023-07-12
• Kirsten Gillibrand Cynthia Lummis Senate Banking Committee CFTC U.S. Senate