One month to the day after he sent a highly controversial letter to the Treasury, Federal Reserve and other related financial agencies calling for the outright ban of bitcoin, West Virginia Senator Joe Manchin appears to have dramatically softened his stance. Speaking with the Washington Post, Manchin said the boom in private investment and regulatory […]

“The Fed doesn’t have authority to supervise or regulate Bitcoin in any way,” Federal reserve chairwoman Janet Yellen said today. Speaking to the Senate Banking Committee, Yellen was asked about the virtual currency by Senator Joe Manchin (D-W.Va.), who called yesterday for a Federal ban on Bitcoin. While she noted at the Fed was “looking […]

Is Bitcoin “disruptive” enough to the U.S. economy to merit a federal-level ban? According to U.S. Senator Joe Manchin (D-W.Va.), it is. In a strongly worded letter to the Treasury, Federal Reserve and other related financial agencies, Manchin called for the outright prohibition of “this dangerous currency” before it can harm American consumers. Manchin’s letter […]

In what is likely to be seen as a step towards increased U.S. regulation of virtual currencies, the Chairman of the US Senate’s Homeland Security & Governmental Affairs Committee (HSGAC), Senator Tom Carper (D-Del), endorsed the creation of task force on the topic by the Conference of State Bank Supervisors. The “Emerging Payments Task Force” […]