Bitcoin SV

<p><img src="https://media.licdn.com/dms/image/C4D0BAQGBc3KzyqgZpQ/company-logo_100_100/0/1630682957789/bsvblockchain_logo?e&#61;1710979200&amp;v&#61;beta&amp;t&#61;7xZ-gvPjqfWZU4axBzSfGwW7SOfjQtj8eZWGGbztZjE" /></p><h2 id="header-0">BSV Blockchain</h2><p>December 18, 2023</p><p>House Financial Services Committee Chair Patrick McHenry is exploring the FY 2024 appropriations bills and the farm bill as potential pathways for his digital market structure legislation, encountering difficulties in attaching it to the annual defense authorization measure. Similarly, Sen. Elizabeth Warren is investigating the possibility of using FY 2024 spending bills to advance her crypto anti-money laundering legislation, facing potential bipartisan objections akin to those McHenry encountered.</p><p>Meanwhile, Rep. Sean Casten is engaged in discussions with Republicans, both within and outside the House Financial Services Committee, with the aim of creating a bipartisan bill to enhance anti-money laundering safeguards in the crypto sector.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Public Affairs Director of Americas for BSV Blockchain, featuring:</p><ul><li>House Financial Services Committee Chair Patrick McHenry</li><li>Sen. Elizabeth Warren</li><li>Rep. Sean Casten</li><li>House Majority Whip Tom Emmer</li><li>Rep. Wiley Nickel</li><li>The U.S. Department of Justice</li><li>Shakeeb Ahmed (Former Amazon coder)</li><li>SafeMoon</li></ul><h3 id="mchenry-eyes-fy-2024-bills-for-digital-market-legislation-after-defense-measure-setback">McHenry Eyes FY 2024 Bills for Digital Market Legislation After Defense Measure Setback</h3><p>House Financial Services Committee Chair Patrick McHenry (R-NC) said in an interview that he is eyeing FY 2024 appropriations bills and the farm bill as potential vehicles for his digital market structure legislation, after failing to attach the bill to the annual defense authorization measure due to bipartisan Senate objections. McHenry indicated he is also open to standalone floor votes. Sen. Elizabeth Warren (D-MA) also floated the idea of using FY 2024 spending bills as a potential avenue to pass her crypto anti-money laundering legislation, although similar objections to those that McHenry faced are likely.</p><h3 id="rep-casten-engages-in-bipartisan-talks-to-strengthen-crypto-anti-money-laundering-measures">Rep. Casten Engages in Bipartisan Talks to Strengthen Crypto Anti-Money Laundering Measures</h3><p>Rep. Sean Casten (D-IL) told Politico that he is in talks with several Republicans on and off the House Financial Services Committee to create a bipartisan bill to strengthen anti-money laundering safeguards in crypto.</p><h3 id="house-majority-whip-emmer-explores-cbdcs-and-anti-money-laundering-in-blockchain-interview">House Majority Whip Emmer Explores CBDCs and Anti-Money Laundering in Blockchain Interview</h3><p>House Majority Whip Tom Emmer (R-MN) discussed several crypto topics in an interview with Blockchain Tipsheet, including CBDCs, anti-money laundering, and congressional legislation.</p><h3 id="democrat-rep-wiley-nickel-supporter-of-mchenry-s-bills-opts-out-of-reelection-eyes-senate-run">Democrat Rep. Wiley Nickel, Supporter of McHenry’s Bills, Opts Out of Reelection, Eyes Senate Run</h3><p>Rep. Wiley Nickel (D-NC), a member of the House Financial Services Committee and one of the few Democrats to support McHenry’s crypto bills in July, announced that he will not seek reelection and may explore a Senate run in 2026.</p><h3 id="sec-rejects-coinbase-39-s-request-for-new-digital-asset-regulation-backed-by-chair-gensler">SEC Rejects Coinbase&#39;s Request for New Digital Asset Regulation, Backed by Chair Gensler</h3><p>The SEC denied Coinbase’s request for new digital asset regulation. Chair Gary Gensler released a statement agreeing with the decision, arguing that the “existing securities regime appropriately governs crypto asset securities.”</p><h3 id="justice-department-charges-four-in-80-million-crypto-fraud-schemes-34">Justice Department Charges Four in $80 Million Crypto Fraud Schemes&#34;</h3><p>The Justice Department charged four individuals for their alleged roles in “pig butchering” and other crypto fraud schemes that resulted in more than $80 million in victim losses</p><h3 id="former-amazon-coder-shakeeb-ahmed-pleads-guilty-to-hacking-crypto-exchanges-for-12-million">Former Amazon Coder Shakeeb Ahmed Pleads Guilty to Hacking Crypto Exchanges for $12 Million</h3><p>The US Attorney’s Office for the Southern District of New York announced that former Amazon coder Shakeeb Ahmed pled guilty to computer fraud in a case alleging he hacked two crypto exchanges and netted $12 million in illicit profit.</p><h3 id="judge-denies-dismissal-of-ftc-suit-alleging-celsius-co-founders-misrepresented-practices">Judge Denies Dismissal of FTC Suit Alleging Celsius Co-Founders Misrepresented Practices</h3><p>US District Judge Denise Cote refused to dismiss the FTC’s suit claiming that Celsius’ co-founders misrepresented its business practices prior to its bankruptcy in July.</p><h3 id="crypto-firm-safemoon-files-for-bankruptcy-amid-doj-and-sec-lawsuits">Crypto Firm SafeMoon Files for Bankruptcy Amid DOJ and SEC Lawsuits</h3><p>Crypto firm SafeMoon filed for bankruptcy in a Utah court, following DOJ and SEC’s lawsuits against the company.</p>

McHenry, Warren, and Casten Navigate Challenges Amidst Congressional Moves to Legislate Crypto in 2024

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