Bitcoin SV

<p><img src="https://media.licdn.com/dms/image/C4D0BAQGBc3KzyqgZpQ/company-logo_100_100/0/1630682957285/bsvblockchain_logo?e&#61;1706745600&amp;v&#61;beta&amp;t&#61;5eWAa02yAi_tHB3f1piwzawL620liPTY6-NoR4R8vLk" /></p><h2 id="header-0"><a href="https://www.linkedin.com/company/bsvblockchain/" rel="noopener noreferrer nofollow">BSV Blockchain</a></h2><p>November 2, 2023<br /></p><p>Rep. Sean Casten (D-IL) addresses Congress&#39;s crucial role in preventing crypto-financed terrorism and illicit activities in an op-ed. Meanwhile, Sen. Cynthia Lummis (R-WY) takes issue with the accuracy of a WSJ report on Hamas&#39; use of crypto and explores the potential of cryptocurrency in aiding law enforcement efforts.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Global Policy Director for the BSV Blockchain Association, featuring:</p><p>Rep. <a href="https://www.linkedin.com/in/seancasten/" rel="noopener noreferrer nofollow">Sean Casten</a> (D-IL)</p><p>Sen. <a href="https://www.linkedin.com/in/cynthia-lummis-8792b677/" rel="noopener noreferrer nofollow">Cynthia Lummis</a> (R-WY)</p><p><a href="https://www.linkedin.com/company/us-government/" rel="noopener noreferrer nofollow">The Government Accountability Office</a> (GAO)</p><p><a href="https://www.bsvblockchain.org/government" rel="noopener noreferrer nofollow">House Financial Services Committee Chair, Patrick McHenry</a> (R-NC)</p><p>CFTC Commissioner, <a href="https://www.linkedin.com/in/christy-goldsmith-romero-29496b135/" rel="noopener noreferrer nofollow">Christy Goldsmith Romero</a></p><p>SEC Chair, <a href="https://www.bsvblockchain.org/news/an-open-letter-to-sec-chairman-gary-gensler" rel="noopener noreferrer nofollow">Gary Gensler</a></p><p><a href="https://www.linkedin.com/company/usdoj/" rel="noopener noreferrer nofollow">The Justice Department</a></p><p>Pearl Tokens founder, Amir Elmaani</p><h3 id="rep-sean-casten-d-il-urges-congress-to-prevent-crypto-financed-terrorism-in-op-ed">Rep. Sean Casten (D-IL) Urges Congress to Prevent Crypto-Financed Terrorism in Op-Ed</h3><p>Rep. Sean Casten (D-IL) wrote an op-ed on how Congress can work to prevent future crypto-financed terrorism and other illicit activities.</p><h3 id="sen-cynthia-lummis-r-wy-challenges-wsj-report-on-crypto-and-discusses-law-enforcement-collaboration">Sen. Cynthia Lummis (R-WY) Challenges WSJ Report on Crypto and Discusses Law Enforcement Collaboration</h3><p>Sen. Cynthia Lummis (R-WY) tweeted about the WSJ’s inaccurate report on Hamas’ use of crypto, and spoke with Coinbase about how crypto can help law enforcement fight illicit finance.</p><h3 id="gao-report-prompts-calls-to-block-sec-rule-on-crypto-liabilities">GAO Report Prompts Calls to Block SEC Rule on Crypto Liabilities</h3><p>The Government Accountability Office (GAO) concluded in a report that the SEC’s Staff Accounting Bulletin 121, which directed firms safeguarding consumer crypto to track the funds as liabilities on their balance sheets, meets the definition of a rule and therefore should have been submitted to Congress as part of the rulemaking process. House Financial Services Committee Chair Patrick McHenry (R-NC) and Sen. Cynthia Lummis (R-WY) released a statement calling on Congress to block the rule.</p><h3 id="cftc-commissioner-highlights-prevalence-of-crypto-related-whistleblower-tips-in-2023-report">CFTC Commissioner Highlights Prevalence of Crypto-Related Whistleblower Tips in 2023 Report</h3><p>CFTC Commissioner Christy Goldsmith Romero issued a statement on the CFTC’s 2023 annual report on whistleblowers, finding that the majority of tips received in 2023 involved crypto, “an area that continues to have pervasive fraud and other illegality.”</p><h3 id="sec-chair-gensler-calls-on-crypto-firms-to-comply-with-securities-laws-in-tweet">SEC Chair Gensler Calls on Crypto Firms to Comply with Securities Laws in Tweet</h3><p>SEC Chair Gary Gensler posted a tweet calling on crypto companies to comply with securities laws.</p><h3 id="crypto-founder-amir-elmaani-sentenced-to-four-years-for-tax-evasion-causing-5-5m-in-losses">Crypto Founder Amir Elmaani Sentenced to Four Years for Tax Evasion, Causing $5.5M in Losses</h3><p>The Justice Department announced that cryptocurrency founder Amir Elmaani, who created Pearl Tokens, was sentenced to four years in prison for evading taxes on his crypto profits and causing the government $5.5 million in tax losses.</p>

U.S. Congress Members Tackle Crypto Terrorism

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