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Blockchain Week In Review: Week Of April 30, 2021 - Technology

Weekly Focus: Fed leaves interest rates unchanged, while Chairman Powell says equity markets are a bit frothy Paxos becomes third federally regulated crypto bank (& raises $300 million) Wyoming DAO law to go into effect in July DOJ announces arrest of Bitcoin Fog founder who allegedly laundered $335M in crypto Turkey bans cryptocurrency payments, sets up central custodian South Korea set to tax crypto trading gains U.S. Developments Bipartisan crypto bill passes House of Representatives Last week, the U.S. House of Representatives passed H.R. 1602, titled Eliminate Barriers to Innovation Act of 2021.   The bill was first introduced back in March by Representatives Patrick McHenry (R-N.C.) of the

Fintech and AI Task Forces Reauthorized for 117th Congress by House Committee

Fintech and AI Task Forces Reauthorized for 117th Congress by House Committee Congresswoman Maxine Waters, Chairwoman of the House Financial Services Committee, has announced the reauthorization of the Financial Technology [Fintech] and Artificial Intelligence [AI] Task Forces for the 117th Congress.  These two Task Forces are relatively new having emerged in the 116th Congress in 2019. The two entities seek to provide a forum for innovation in financial services. Once again, Congressman Bill Foster will chair the Task Force on AI. Chairwoman Waters issued the following statement: “I am very pleased to announce that our Task Forces on Financial Technology and Artificial Intelligence will continue their work examining emerging technologies in the financial services and housing industry. These Task Forces will investigate whether these technologies are serving the needs of consumers, investors, small businesses, and the American public, which is needed especially as we rec

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