📢 Amendments to the 2024 National Defense Authorization Act (NDAA) announced by the U.S. Congress did not include provisions related to cryptocurrency and blockchain, as reported by The Block. This omission means that bills sponsored by Senator Cynthia Loomis and others, which aimed to establish regulatory standards for financial institutions' cryptocurrency activities and require the Treasury Department to present recommendations regarding cryptocurrency mixers to Congress, were not included. Additionally, a proposal to form an independent working group to combat terrorism and illegal financing using cryptocurrency was also left out. Cody Carbone, VP of policy at the Digital Chamber of Commerce, expressed disappointment, considering it a missed opportunity. 🇺🇸💼 #NDAA #CryptocurrencyLegislation

💬 Circle's Dante Disparte on CBDC and Cryptocurrency Legislation! 🏛️
Dante Disparte, the head of global policy and chief strategy officer at Circle, has shared insights on the relationship between central bank digital currencies (CBDCs) and cryptocurrency legislation in the United States.
He expressed concerns that the partisan debate surrounding CBDCs could hinder the passage of reasonable cryptocurrency legislation. Disparte emphasized the importance of focusing on fair market competition and addressing technical risks while discussing CBDCs.
Moreover, he voiced his belief that dollar-based stablecoins like USDC can coexist alongside CBDCs.
The intersection of CBDCs and cryptocurrencies remains a topic of significant discussion and debate in the financial industry.
#CBDC #CryptocurrencyLegislation #USDC #CryptoNews 🌐💱🗳️

🗞️🚀 Ripple ruling sparks cryptocurrency legislation push! 💼🇺🇸 Mike Novogratz, CEO of Galaxy Digital, sees it as a pivotal move. He believes the Ripple-related ruling urges US regulators to enact crypto legislation. 📜✨ Novogratz also predicts bipartisan cooperation for a cryptocurrency bill in response to this significant step. 🤝💬 Stay tuned for more crypto-regulatory developments! #RippleRuling #CryptocurrencyLegislation #MikeNovogratz #GalaxyDigital #CryptoNews #RegulatoryDevelopment