Bitcoin SV

<p><img src="https://media.licdn.com/dms/image/C4D0BAQGBc3KzyqgZpQ/company-logo_100_100/0/1630682957789/bsvblockchain_logo?e&#61;1715817600&amp;v&#61;beta&amp;t&#61;T1HPapjgLMT30N5wOUbGPl3X7oca5e4i8FPuVaAFnRw" /></p><h2 id="header-0"><a href="https://www.linkedin.com/company/bsvblockchain/" rel="noopener noreferrer nofollow">BSV Blockchain</a></h2><p>Rep. Tim Burchett (R-TN) introduces a resolution urging investigation into Hamas&#39; crypto usage, while House Financial Services Committee Member Maxine Waters reports progress toward consensus on stablecoin legislation. Additionally, the Bank of England extends the consultation period on stablecoin regulation, as the FSB Regional Consultative Group discusses implementing a global crypto regulatory framework in the Middle East and North Africa.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Public Affairs Director of Americas for BSV Blockchain, featuring:</p><ul><li>Rep. Tim Burchett (R-TN)</li><li><a href="https://www.linkedin.com/company/house-financial-services-democrats/about/" rel="noopener noreferrer nofollow">House Financial Services Committee</a> Chair, Patrick McHenry (R-NC)</li><li>House Agriculture Committee Chair, GT Thompson (R-PA)</li><li>Reps. <a href="https://www.linkedin.com/in/french-hill-25b693194/" rel="noopener noreferrer nofollow">French Hill</a> (R-AR) and Dusty Johnson (R-SD)</li><li><a href="https://www.linkedin.com/company/house-financial-services-democrats/about/" rel="noopener noreferrer nofollow">House Financial Services Committee</a> Ranking Member, Maxine Waters (D-CA)</li><li>Sen. JD Vance (R-OH)</li><li><a href="https://www.linkedin.com/company/us-treasury/" rel="noopener noreferrer nofollow">Treasury</a> Secretary Janet Yellen</li><li>Sen. Cynthia Lummis (R-WY)</li><li>TradeStation Crypto Inc.</li><li><a href="https://www.linkedin.com/company/secgov/" rel="noopener noreferrer nofollow">SEC</a> Commissioners, <a href="https://www.linkedin.com/in/mark-uyeda-5227aa5/" rel="noopener noreferrer nofollow">Mark Uyeda</a> and Hester Peirce</li><li><a href="https://www.linkedin.com/company/invesco-ltd/" rel="noopener noreferrer nofollow">Invesco</a> and Galaxy Digital</li><li><a href="https://www.linkedin.com/company/commodity-futures-trading-commission/" rel="noopener noreferrer nofollow">CFTC</a></li><li><a href="https://www.linkedin.com/company/bank-of-england/" rel="noopener noreferrer nofollow">Bank of England</a></li><li><a href="https://www.linkedin.com/company/b2c2-ltd./" rel="noopener noreferrer nofollow">B2C2</a></li><li><a href="https://www.linkedin.com/company/krakentech/" rel="noopener noreferrer nofollow">Kraken</a></li><li><a href="https://www.linkedin.com/company/financialstabilityboard/" rel="noopener noreferrer nofollow">Financial Stability Board (FSB)</a></li><li>Dutch Central Bank (<a href="https://www.linkedin.com/company/de-nederlandsche-bank/" rel="noopener noreferrer nofollow">De Nederlandsche Bank - DNB</a>)</li></ul><h3 id="us">US</h3><h3 id="us-representative-calls-for-investigation-into-hamas-39-use-of-crypto">US Representative calls for investigation into Hamas&#39; use of crypto</h3><p>Rep. Tim Burchett (R-TN) introduced a resolution to have the Departments of State and Treasury investigate the use of crypto by Hamas.</p><h3 id="gop-lawmakers-question-oversight-of-digital-asset-markets">GOP Lawmakers question oversight of digital asset markets</h3><p>House Financial Services Committee Chair Patrick McHenry (R-NC), House Agriculture Committee Chair GT Thompson (R-PA), and Reps. French Hill (R-AR) and Dusty Johnson (R-SD) wrote a letter to Treasury Secretary Janet Yellen, questioning how the Financial Stability Oversight Council (FSOC) is facilitating coordination and communication between the SEC and CFTC as it relates to federal oversight of the spot market for digital assets.</p><h3 id="negotiators-near-agreement-on-stablecoin-legislation-says-maxine-waters">Negotiators near agreement on stablecoin legislation, says Maxine Waters</h3><p>House Financial Services Committee Ranking Member Maxine Waters (D-CA) said in an interview that negotiators are “very, very close” to reaching agreement on stablecoin legislation.</p><h3 id="senate-republicans-express-concern-over-sec-39-s-actions-on-debt-box">Senate Republicans Express Concern Over SEC&#39;s Actions on Debt Box</h3><p>Sen. JD Vance (R-OH) led a letter from a group of Senate Banking Committee Republicans to SEC Chair Gary Gensler, expressing concern about the SEC’s enforcement proceedings against Debt Box.</p><h3 id="treasury-secretary-urges-congress-for-regulation-of-stablecoins">Treasury Secretary Urges Congress for Regulation of Stablecoins</h3><p>At a House Financial Services Committee hearing, Treasury Secretary Yellen called on Congress to “pass legislation to provide for the regulation of stablecoins and of the spot market for crypto assets that are not securities.” Sen. Cynthia Lummis (R-WY) tweeted in agreement with Yellen’s remarks.</p><h3 id="tradestation-crypto-fined-3-million-by-sec">TradeStation Crypto Fined $3 Million by SEC</h3><p>The SEC charged TradeStation Crypto Inc. for failing to register the offer and sale of a crypto lending product. TradeStation agreed to pay a $1.5 million penalty to settle the agency’s charges, as well as another $1.5 million to a coalition of states.</p><h3 id="sec-widens-dealer-definition-draws-criticism-from-commissioners">SEC Widens Dealer Definition, Draws Criticism from Commissioners</h3><p>The SEC adopted a rule widening the definition of a dealer to include more financial operations. SEC Commissioners Mark Uyeda and Hester Peirce released statements in opposition to the dealer rule. Uyeda argued that the rule creates additional regulatory confusion for markets including crypto asset securities. Peirce stated that the rule “reflects little thought regarding its practical application in the crypto markets.”</p><h3 id="sec-delays-decision-on-eth-etf-application">SEC Delays Decision on ETH ETF Application</h3><p>The SEC delayed making a decision on a joint spot ETH ETF application from Invesco and Galaxy Digital.</p><h3 id="former-fintech-executive-convicted-for-crypto-price-manipulation">Former Fintech Executive Convicted for Crypto Price Manipulation</h3><p>The DOJ announced that a federal jury convicted Shane Hampton, a former executive at fintech company Hydrogen Technology Corp., for manipulating the price of his company’s crypto token, Hydro.</p><h3 id="texas-man-charged-with-filing-false-tax-returns-on-crypto-sales">Texas Man Charged with Filing False Tax Returns on Crypto Sales</h3><p>The DOJ charged a Texas man with filing false tax returns that underreported or did not report the sale of $4 million worth of crypto.</p><h3 id="treasury-department-releases-national-risk-assessments-on-crypto">Treasury Department Releases National Risk Assessments on Crypto</h3><p>The Treasury Department published 2024 National Risk Assessments on Money Laundering, Terrorist Financing, and Proliferation Financing, including details on the use of crypto.</p><h3 id="cftc-issues-advisory-on-financial-romance-fraud-schemes">CFTC Issues Advisory on Financial Romance Fraud Schemes</h3><p>The CFTC issued a customer advisory warning dating app and social media users about financial romance fraud schemes involving crypto and other investments.</p><h3 id="eu-uk">EU/UK</h3><h3 id="bank-of-england-extends-consultation-period-on-stablecoin-regulation">Bank of England Extends Consultation Period on Stablecoin Regulation</h3><p>The Bank of England extended the comment period on its consultation paper related to stablecoin regulation to February 12.</p><h3 id="b2c2-granted-vasp-registration-in-luxembourg">B2C2 Granted VASP Registration in Luxembourg</h3><p>UK-based digital asset liquidity provider B2C2 received a Virtual Asset Service Provider (VASP) registration in Luxembourg.</p><h3 id="kraken-obtains-vasp-registration-from-dutch-central-bank">Kraken Obtains VASP Registration from Dutch Central Bank</h3><p>Kraken received a VASP registration from the Dutch Central Bank (DNB).</p><h3 id="me-na">ME/NA</h3><h3 id="fsb-regional-group-addresses-crypto-regulatory-framework-implementation">FSB Regional Group Addresses Crypto Regulatory Framework Implementation</h3><p>The Financial Stability Board (FSB) Regional Consultative Group for the Middle East and North Africa met to discuss the implementation of the FSB’s global regulatory and supervisory framework for crypto asset activities.</p>

US Lawmakers take aim at crypto usage by Hamas

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