Showing 3 Result(s)

Rhode Island lawmakers introduce ‘green coin’ in housing bill

Lawmakers in Rhode Island are looking at crypto tokens as part of a comprehensive green housing bill that would tackle both the climate crisis and housing shortage in the state.  Introduced last week, the bill would create an incentive for lower carbon emissions with a “green coin” issued by the state. At its core, the bill is aimed at providing state-backed funding for new housing projects that meet certain sustainability standards. “We have about a shortage of 25,000 units,” said …

Warren bill draws outcry over broad terms, but seems unlikely to pass

Senator Elizabeth Warren introduced legislation targeting Russian crypto use that could ultimately require more action from exchanges. Some industry players say that although the implications of the bill’s language are worrisome, it’s early to sound the alarm. Warren introduced the “Digital Asset Sanctions Compliance Enhancement Act” during a Senate Banking Committee hearing on March 17.  It proposes to further empower the Treasury with authority to bar crypto service providers from transacting with all addresses associated with Russia and sanction anyone …

$770 billion defense bill signed by Biden calls for emerging technology strategy

The newly-signed $770 billion defense bill directs the Department of Defense to develop a digital health strategy for emerging technologies, including distributed ledgers. President Joe Biden signed the National Defense Authorization Act for Fiscal Year 2022 on Monday after the bill passed the House and the Senate this month. It contains little mention of blockchain or crypto-related efforts. However, it directs the Secretary of Defense to develop a means of incorporating emerging technologies, including distributed ledger technologies, by April 1, …