Crypto

US Senators Rick Scott (R-FL), Ted Cruz (R-TX) and others have filed legislation that would prohibit the national government from issuing a central bank digital currency (CBDC). CBDC is a form of digital cash that can be tracked and regulated in real-time by a centralized regulatory authority.  In September of 2022, President Joe Biden announced […]

Washington, D.C.- US President Joe Biden and Chinese Communist Party Leader Xi Jingping are set to meet this week on Wednesday in San Francisco, California.  In light of the meeting, Senator Rick Scott (R-Fl) has warned against the continuation of policies he alleges have appeased China’s nefarious goals of undermining US interests.  Despite claiming “Joe […]

Washington, D.C.- Senator Rick Scott (R-Fl) filed legislation today to prevent transactions with Chinese digital currencies from occurring on American soil or with American companies.  Senator Scott’s Chinese CBDC Prohibition Act would prohibit money services businesses (MSBs) from engaging in transactions involving any digital currencies issued by the People’s Republic of China (PRC).  MSBs are […]

The recent scandal over cryptocurrency company FTX has led to questions regarding digital money. Specifically, Rep. Darren Soto (D-FL-9) calls on the Securities and Exchange Commission (SEC) to investigate and regulate cryptocurrencies and blockchain systems. More surprisingly, his request has received bipartisan support in Congress, with Rep. Byron Donalds (R-FL-19) listed as a signer of […]