8 articles
The Financial Services Committee approved H.R. 8957 by 28 votes to 21 on Wednesday, but on a substitute text that replaced the bill Nick Begich introduced in May. The 20-year holding period survived; the quarterly proof-of-reserve report in the original became an annual one.
The RBI told the Standing Committee on Finance that outright prohibition is still on the table. The Union government's next move comes on 15 July, and 39 million retail investors are watching what happens to a $2.1 billion holding that never got a proper legal framework.
The European Union's 20th sanctions package against Russia takes effect on May 24, banning EU persons from any transaction with Russian or Belarusian crypto-asset service providers — and, for the first time, with decentralised platforms operating from those jurisdictions.
A CoinDesk poll of 1,000 registered voters published on May 3 found that 62 per cent do not trust the Trump administration to oversee the crypto sector, and 73 per cent — including 59 per cent of Republicans — oppose senior government officials holding personal business interests in the industry.
Patrick Witt, Trump's new digital-assets adviser, told the Bitcoin 2026 conference in Las Vegas that the White House is preparing a 'big announcement' on the US Strategic Bitcoin Reserve within weeks — without specifying what it will contain.
El Salvador amended its Bitcoin legal tender law in December 2024 as a condition for securing a $1.4 billion IMF loan, making merchant Bitcoin acceptance voluntary rather than mandatory.
Russia formalized legal recognition of cryptocurrency mining on November 1, 2024, through federal legislation that establishes registration requirements, electricity limitations, and restrictions on foreign participation in mining activities.
China's government initiated a comprehensive crackdown on cryptocurrency mining in June 2021, with provincial authorities ordering immediate cessation of mining operations and later implementing a nationwide ban through federal regulatory action.
