Bitcoin SV

<p><img src="https://media.licdn.com/dms/image/C4D0BAQGBc3KzyqgZpQ/company-logo_100_100/0/1630682957285?e&#61;1703116800&amp;v&#61;beta&amp;t&#61;pVRu1nj5wJaoaZnqjoVDggp7GSVqDR_-4xGSq66-QLo" /></p><h2 id="header-0"><a href="https://www.linkedin.com/company/bsvblockchain/" rel="noopener noreferrer nofollow">BSV Blockchain</a></h2><p>9,019 followers</p><p>September 18, 2023</p><p>Rep. Stephen Lynch has introduced the ECASH Act, aiming to create an electronic US dollar for peer-to-peer transactions using offline hardware devices, but the bill&#39;s prospects remain uncertain. In addition, Rep. Lynch has initiated the Congressional Digital Dollar Caucus to foster discussions about the development of a US digital currency. Meanwhile, the House Financial Services Committee&#39;s Digital Assets Subcommittee held discussions on the inevitability of a digital dollar.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Global Policy Director for the BSV Blockchain Association, featuring:</p><ul><li>Rep. Stephen Lynch</li><li><a href="https://www.linkedin.com/company/house-financial-services-democrats/" rel="noopener noreferrer nofollow">House Financial Services Committee</a>&#39;s Digital Assets Subcommittee</li><li>Senate Banking Committee Chair Sherrod Brown</li><li>Treasury Secretary <a href="https://www.linkedin.com/in/sec-janet-yellen%F0%9F%87%BA%F0%9F%87%B8-00bab017b/" rel="noopener noreferrer nofollow">Janet Yellen</a></li><li>SEC Chair Gary Gensler</li><li>CFTC Chair Rostin Behnam</li><li>Binance.US</li></ul><h3 id="rep-stephen-lynch-proposes-ecash-act-for-offline-digital-dollar-transactions">Rep. Stephen Lynch Proposes ECASH Act for Offline Digital Dollar Transactions</h3><p>Rep. Stephen Lynch (D-MA) introduced the Electronic Currency and Secure Hardware Act (ECASH Act), which would direct the Treasury to develop and deploy an electronic version of the US dollar, capable of peer-to-peer transfers. The bill envisions offline transactions using hardware devices rather than relying on a blockchain. Prospects for the bill are unclear at this time.</p><h3 id="congressional-digital-dollar-caucus-launched-by-rep-stephen-lynch">Congressional Digital Dollar Caucus Launched by Rep. Stephen Lynch</h3><p>Rep. Lynch also announced a new Congressional Digital Dollar Caucus, which he plans to use to foster discussion and education around the development of a US digital dollar.</p><h3 id="house-financial-services-committee-debates-digital-dollar-and-stablecoins">House Financial Services Committee Debates Digital Dollar and Stablecoins</h3><p>The House Financial Services Committee Digital Assets Subcommittee held a hearing on CBDCs and stablecoins. Members agreed that a digital dollar in some form is inevitable, but Republicans are united in prohibiting a retail CBDC, while some Democrats see a government-run digital dollar as a potentially safer and more financially inclusive alternative to private stablecoins.</p><h3 id="senate-banking-committee-urges-regulatory-transparency-in-cryptocurrency-markets">Senate Banking Committee Urges Regulatory Transparency in Cryptocurrency Markets</h3><p>Senate Banking Committee Chair Sherrod Brown (D-OH) sent a letter to Treasury Secretary Janet Yellen, SEC Chair Gary Gensler, and CFTC Chair Rostin Behnam regarding the lack of full disclosure in cryptocurrency markets. He urged the regulators to use existing tools to strengthen transparency and hold bad actors accountable.</p><h3 id="sec-accuses-binance-us-of-non-cooperation-in-probe-court-filing-reveals">SEC Accuses Binance.US of Non-Cooperation in Probe, Court Filing Reveals</h3><p>The SEC is accusing Binance.US of not cooperating in the agency’s probe of the company, according to a court filing.</p>

Rep. Stephen Lynch Unveils ECASH Act and Congressional Digital Dollar Caucus

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