Tag: legislation
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Citi Slashes Bitcoin and Ethereum Price Targets Amidst Negative ETF Flows and Stalled Legislation
Citigroup has significantly reduced its 12-month price targets for Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization. This downward revision, reported by Reuters, stems from a confluence of negative developments impacting the digital asset market, most notably a reversal in the positive inflows into spot Bitcoin Exchange-Traded Funds (ETFs) and a lack of…
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Russia Establishes Comprehensive Digital Asset Framework as President Putin Signs Landmark Crypto Legislation into Law
President Vladimir Putin has officially signed a transformative legislative package into law, establishing the Russian Federation’s first unified regulatory framework for digital currencies and digital rights, a move that signals a paradigm shift in the Kremlin’s approach to the burgeoning cryptocurrency sector. The legislation, formally titled “On Digital Currency and Digital Rights,” represents a culmination…
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California Advances Landmark Legislation to Ban AI Chatbots from Posing as Therapists and Making Unsupervised Mental Health Decisions
Sacramento, CA – California is poised to enact pioneering legislation that would significantly restrict the use of artificial intelligence (AI) chatbots in mental health care, specifically barring them from posing as therapists and making critical mental health decisions without direct human oversight. Senate Bill 903, also known as the Wellness and Oversight for Psychological Resources…
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Senate Deadlock Over Clarity Act Ethics Provisions Postpones Crucial Crypto Legislation Until After August Recess
The United States Senate has reached a significant legislative impasse regarding the Clarity Act, a pivotal piece of digital asset legislation intended to provide a comprehensive regulatory framework for the burgeoning cryptocurrency industry. This week, efforts to advance the bill hit a major roadblock after Senate Democrats rejected specific ethics language supported by the White…
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Russia Establishes Comprehensive Legal Framework for Digital Currencies as President Putin Signs New Regulatory Legislation
President Vladimir Putin has officially signed into law a landmark piece of legislation that establishes Russia’s first unified regulatory framework for digital currencies and digital rights, a move that provides a definitive legal structure for crypto exchanges, digital asset custodians, mining operations, brokers, and financial market infrastructure providers within the Federation. The legislation, titled “On…
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Montana Senate Passes Landmark Legislation To Protect Cryptocurrency Mining Rights And Prohibit Discriminatory Energy Rates
The state of Montana has taken a definitive step toward becoming a primary sanctuary for the digital asset industry in the United States. In a decisive legislative move, the Montana State Senate has passed Senate Bill 178, a comprehensive piece of legislation designed to protect the rights of cryptocurrency miners and provide a stable regulatory…
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FATF Seventh Targeted Update Reveals Growing Gap Between Global Crypto Legislation and Enforcement
The Financial Action Task Force (FATF), the global watchdog for money laundering and terrorist financing, released its seventh targeted update on the implementation of standards for virtual assets and virtual asset service providers (VASPs) on July 16, 2026. While the report highlights significant progress in the adoption of legislative frameworks across 147 surveyed jurisdictions, it…
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Senate Deadlock Over Clarity Act Ethics Provisions Stalls Landmark Crypto Legislation
The United States Senate’s efforts to advance the Clarity Act, a pivotal piece of legislation aimed at regulating the burgeoning digital asset market, have encountered a significant impasse after Democratic lawmakers rejected a set of ethics provisions supported by the White House. This legislative friction, reported on Thursday, has forced a return to the negotiating…
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Putin Signs Landmark Legislation Establishing Russias First Unified Digital Currency Regulatory Framework
President Vladimir Putin has officially signed into law a comprehensive legislative package that establishes Russia’s first unified regulatory framework for digital currencies and digital rights, marking a historic shift in the country’s approach to the burgeoning crypto-asset sector. The legislation, titled "On Digital Currency and Digital Rights," creates a rigorous legal structure for every facet…
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Montana State Senate Advances Comprehensive Digital Asset Legislation to Safeguard Mining Operations and Standardize Cryptocurrency Taxation
The Montana State Senate has officially passed a landmark piece of legislation designed to provide a robust legal framework for the cryptocurrency mining industry, signaling a significant shift in how the western state approaches the burgeoning digital asset economy. On Thursday, the regional legislative body approved Senate Bill 178 (SB 178) with a decisive 37-13…
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