Archive | senate

Two U.S. Senators Submit a Bill to Investigate Digital Currencies

Following the recent ransomware fiasco and multiple traders from a variety of U.S. states arrested for bitcoin related money laundering charges two senators have introduced a new bill to regulate these activities. The legislation submitted last week aims to classify bitcoin as a monetary instrument in the 2017 ‘Money Laundering, Terrorist Financing, and Counterfeiting Act.’ […]

Former FBI Director: ‘Virtual Currencies Obscure Investigations’

On May 2 the former FBI Director James Comey told a Senate Judiciary Committee that the federal law enforcement agency’s efforts are “going dark” due to the rise of virtual currencies and encryption methods. Also read: Well Known Investors Are Betting Big on Bitcoin    The FBI is ‘Going Dark’ Due to Advanced Technology This […]

Vermont Senate Will Vote On Implementing Blockchain And Smart Contracts

The state of Vermont in the United States is quite an unusual creature, as they seem to be on the fence as to whether or not the blockchain and smart contracts will become a part of everyday society. After initially seeing the value of the technology, and then deeming it too costly, it looks like […]

Utah Bitcoin Bill Passes Senate Reading, 2 Votes Away from Law

A bill aimed at getting the state of Utah to accept bitcoin for states services passes its first reading in the Senate. The bill has now passed its first Senate reading having already passed through t