Senate

Calls for Stablecoin Regulation Gain Urgency as New Congress Looms
Calls for Stablecoin Regulation Gain Urgency as New Congress Looms
November 16, 2022  |  Cryptocurrency

The drumbeat for stablecoin regulation grows louder. But the questions — the what, when, and especially the how it all gets done — are still...

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Credit Card Swipe Fee Amendment Pulled From Defense Spending Bill
Credit Card Swipe Fee Amendment Pulled From Defense Spending Bill
October 12, 2022  |  Credit Cards

A last-minute bipartisan effort to package a credit card swipe fee amendment into a larger spending bill was ultimately unsuccessful. Sen. Dick Durbin (D-Ill.) and...

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The Unintended Consequences of Durbin’s Proposed Routing Legislation
The Unintended Consequences of Durbin’s Proposed Routing Legislation
October 10, 2022  |  Credit Cards

It’s a movie that everyone in the payments industry has seen at least once: Merchants challenging the card networks over interchange. The latest attempt, spearheaded...

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Senate Bill Would Offer Safe Harbor for Crypto Exchanges
Senate Bill Would Offer Safe Harbor for Crypto Exchanges
September 30, 2022  |  Cryptocurrency

A new proposal would offer cryptocurrency exchanges a safe harbor for listing tokens that might be securities. Draft legislation by Senate Banking Committee member Bill...

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Lawmakers Debut House Version of Credit Card Competition Act
Lawmakers Debut House Version of Credit Card Competition Act
September 19, 2022  |  Credit Cards

A pair of U.S. congressmen have introduced the House companion to the Senate’s Credit Card Competition Act of 2022, designed to bring more choice to...

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Why a Senate Bill’s $50 Tax Exemption Won’t Boost Crypto Spending
Why a Senate Bill’s $50 Tax Exemption Won’t Boost Crypto Spending
July 26, 2022  |  Cryptocurrency

A pair of U.S. senators have introduced a bipartisan bill to exempt low-value cryptocurrency transactions from capital gains tax reporting requirements. Legislation introduced on Tuesday...

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GOP Bill Would Ban App Stores From Supporting Apps That Accept Digital Yuan
GOP Bill Would Ban App Stores From Supporting Apps That Accept Digital Yuan
May 26, 2022  |  CBDC

Republican U.S. lawmakers want to ban app stores from hosting apps that let payments be made with the Chinese digital currency, Reuters reported Thursday (May...

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US Senators Set to Unveil Crypto Bill
US Senators Set to Unveil Crypto Bill
May 24, 2022  |  Cryptocurrency

A big effort to regulate crypto in the U.S. could come with a bill to set roles for the two government watchdogs, a report from...

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Senate Democrats Grill Visa, Mastercard over Swipe Fees
Senate Democrats Grill Visa, Mastercard over Swipe Fees
May 05, 2022  |  Payment Methods

At a U.S. Senate hearing Wednesday (May 4), Visa and Mastercard defended their credit card fees while retailers and consumer groups accused the card networks...

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