Indiana lawmakers advance a bill to make the state a U.S. Bitcoin hub, proposing clearer regulations, pro-mining incentives and innovation zones aimed at attracting crypto investment and blockchain startups.
New York lawmakers have proposed a new tax targeting energy consumption from Bitcoin mining operations, aiming to mitigate environmental impacts. This move seeks to balance economic benefits with sustainability efforts in the cryptocurrency sector.
Russia’s central bank has unveiled a proposal for a trading sandbox aimed at regulating cryptocurrency transactions. This initiative seeks to balance innovation with oversight, potentially paving the way for a more structured approach to digital assets in the country.
Crypto markets have seen a slowdown in growth as U.S. lawmakers express concerns about the potential of a Bitcoin ETF. Secretary of the Treasury, Steven Mnuchin, and SEC Chairman, Jay Clayton, have joined Gensler in raising questions about the market’s high volatility and associated risks.