• News
    • Bitcoin
    • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Regulation
  • Learn
  • Market Cap
What's Hot

Binance Addresses Accusations From Elizabeth Warren and Other US Senators in New Open Letter

2023-03-30

Best Bitcoin Mining Software — TOP Crypto Miners to Use in 2023

2023-03-30

Binance’s CZ refutes report claiming company has been hiding China ties

2023-03-30
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook TikTok Instagram YouTube
CryptoNewsMetaverse
  • News
    • Bitcoin
    • Altcoins
  • NFT

    U.S. IRS Considers Taxing NFTs Like Other Collectibles

    2023-03-21

    Meta Shuts Down NFT Project to Focus on FinTech and Content

    2023-03-14

    Solana’s Solend V2 Release, Is SOL Price $50 Next?

    2023-03-06

    Amazon NFT Marketplace To Reportedly Launch Next Month

    2023-03-06

    Blur Coin Under Fire As Allegations Of Wash Trading Emerge

    2023-03-01
  • Metaverse

    Disney Metaverse Division Reportedly Scrapped

    2023-03-28

    Animoca Denies $200M Metaverse Fund Cut

    2023-03-27

    Metaverse Trading Hits All-Time High

    2023-03-24

    Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

    2023-03-20

    A Guide to Virtual Land Staking in the Metaverse

    2023-03-20
  • Analysis

    DOJ Officially Seizes Over $456,000,000 Worth of Robinhood Shares Tied to FTX Founder Sam Bankman-Fried

    2023-01-08

    Mark Cuban Makes Prediction on Next Crypto ‘Scandal,’ Warns of Potential Implosion if Exposed: Report

    2023-01-08

    Binance Listings Cause Crypto Assets To Spike an Average of 41%: New Research

    2023-01-08

    Bitcoin Whales Unloaded BTC As Market Reversed and Parked Their Profits in This Crypto Asset Class: Santiment

    2023-01-07

    Crypto Analyst Predicts Breakout for AI-Focused Altcoin, Updates Outlook on Ethereum and Lido DAO

    2023-01-07
  • Regulation

    Binance Addresses Accusations From Elizabeth Warren and Other US Senators in New Open Letter

    2023-03-30

    Binance’s CZ refutes report claiming company has been hiding China ties

    2023-03-30

    $852,000,000 in Ethereum, Polygon, Fantom and Additional Altcoins Have Left Binance Following CFTC Lawsuit: Nansen

    2023-03-30

    Elizabeth Warren says she’s building an anti-crypto army in new campaign

    2023-03-30

    SEC Chair Gary Gensler To Face Congress Over Strategy on Digital Assets

    2023-03-30
  • Learn

    Best Bitcoin Mining Software — TOP Crypto Miners to Use in 2023

    2023-03-30

    Next Cryptocurrency to Explode 2023

    2023-03-30

    Chart Patterns Cheat Sheet For Technical Analysis

    2023-03-21

    Best NFT Wallets in 2023

    2023-03-21

    What are Dapps (Decentralized Applications) Crypto?

    2023-03-17
  • Market Cap
CryptoNewsMetaverse
Home»Regulation»US senator behind efforts to pass major crypto bill won’t seek re-election
Regulation

US senator behind efforts to pass major crypto bill won’t seek re-election

2023-01-06No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Michigan Senator Debbie Stabenow, chair of the United States Senate Agriculture Committee, has announced that she will be leaving office in 2025.

In a Jan. 5 announcement, Stabenow said she would finish the remainder of her six-year term in the Senate, then “pass the torch” to other U.S. lawmakers. The senator was one of the lawmakers behind the Digital Commodities Consumer Protection Act, or DCCPA — a bill aimed at establishing additional regulatory clarity for cryptocurrencies and the role thathe Commodity Futures Trading Commission would play in overseeing digital assets.

Stabenow said she would be focusing on legislation aimed at improving “the lives of Michiganders” during her final two years in office, but did not specifically mention the crypto bill. Her term will end on Jan. 3, 2025, following the 2024 elections. Stabenow has served in the Senate since 2001.

Inspired by a new generation of leaders, I have decided to pass the torch in the U.S. Senate. I am announcing today that I will not seek re-election and will leave the U.S. Senate at the end of my term on January 3, 2025.

Read my full statement:https://t.co/qYJE6lyRJ3 pic.twitter.com/Fq659Aevs0

— Sen. Debbie Stabenow (@SenStabenow) January 5, 2023

As Senate Agriculture Committee chair, Stabenow oversaw hearings investigating digital assets considered commodities, including one in December exploring the collapse of crypto exchange FTX. After the exchange filed for bankruptcy in November and authorities scrutinized former CEO Sam Bankman-Fried — who often lobbied for the DCCPA — the senator continued to push for the bill’s passage.

John Boozman, one of the DCCPA’s coauthors and ranking member of the Senate Agriculture Committee, will likely remain in office until January 2029. Some regulators and industry leaders have also come out in support of the bill, including CFTC commissioner Kristin Johnson and Crypto Council for Innovation CEO Sheila Warren.

Related: ‘Secretly circulating’ draft crypto bill could be a ‘boon’ to DeFi

Boozman reportedly planned in December to reintroduce the crypto bill once the 118th Congress had been sworn in. Although the U.S. Senate started proceedings on Jan. 3, the House of Representatives has yet to choose a new Speaker in a historic standstill moment.

Source link

Bill Crypto Efforts Major Pass reelection seek senator wont
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Binance Addresses Accusations From Elizabeth Warren and Other US Senators in New Open Letter

2023-03-30

Best Bitcoin Mining Software — TOP Crypto Miners to Use in 2023

2023-03-30

Binance’s CZ refutes report claiming company has been hiding China ties

2023-03-30

$852,000,000 in Ethereum, Polygon, Fantom and Additional Altcoins Have Left Binance Following CFTC Lawsuit: Nansen

2023-03-30
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Bitcoin Taker Buy/Sell Ratio Approaches Bullish Cross

2022-05-24

Ethereum Classic – This may be the answer to the question ‘To HODL or sell’

2022-03-13

The odds on Shiba Inu [SHIB] bouncing to form new highs are…

2022-07-08

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Instagram YouTube TikTok
Top Insights

Binance Addresses Accusations From Elizabeth Warren and Other US Senators in New Open Letter

2023-03-30

Best Bitcoin Mining Software — TOP Crypto Miners to Use in 2023

2023-03-30

Binance’s CZ refutes report claiming company has been hiding China ties

2023-03-30
Get Informed

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptonewsmetaverse.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$28,161.00-0.99%
  • ethereumEthereum(ETH)$1,796.00-0.45%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.06%
  • binancecoinBNB(BNB)$317.260.62%
  • usd-coinUSD Coin(USDC)$1.00-0.02%
  • rippleXRP(XRP)$0.54-2.32%
  • cardanoCardano(ADA)$0.377263-2.42%
  • Lido Staked EtherLido Staked Ether(STETH)$1,790.63-0.66%
  • dogecoinDogecoin(DOGE)$0.075002-1.70%