House Financial Services Chair to Biden: Repeal OCC Crypto Rules – Decrypt

In brief

Rep. Maxine Waters, Chair of the House Financial Services Committee, has sent a letter to President-elect Joe Biden.
In it, she asked that the Office of the Comptroller of the Currency (OCC) rescind several rules favorable to cryptocurrency adoption.

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Digital Currency Is in Congress’ Annual Defense Bill – Decrypt

In brief

This year’s National Defense Authorization Act is nearing completion.
It includes new language that broadens the definition of “currency” to include digital currencies.
President Trump is threatening to veto it because it doesn’t repeal Section 230 of the Communications Decency Act.

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Crypto’s New Villain: Meet the Legal Scholar Behind the STABLE Act – Decrypt

In brief

Rohan Grey worked on the STABLE Act, which would require stablecoin issuers to get a banking license.
The act has been criticized by many in the cryptocurrency industry.
Grey told Decrypt that stablecoin issuers must be regulated like banks because they pose systemic risk.

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