Bitcoin SV

<p><img src="https://media.licdn.com/dms/image/C4D0BAQGBc3KzyqgZpQ/company-logo_100_100/0/1630682957789/bsvblockchain_logo?e&#61;1720656000&amp;v&#61;beta&amp;t&#61;IQ52S9OMyIvo5H3nE0oWtUVzvbT45A1S9Gnhr5HVSNs" /></p><h2 id="header-0"><a href="https://www.linkedin.com/company/bsvblockchain/" rel="noopener noreferrer nofollow">BSV Blockchain</a></h2><p>Senators Tillis and Hagerty introduced the ENFORCE Act to regulate cryptocurrency institutions, aiming to enhance oversight and anti-money laundering measures. Concurrently, the Cozen law firm collaborated with the Senators to review and offer feedback on cryptocurrency regulation, reflecting the sustained legislative interest in this evolving field. Meanwhile, US District Judge Andrew Carter Jr. issued a ruling that BitMEX Co-Founder must face a lawsuit over alleged price manipulation, adding to the legal complexities surrounding cryptocurrency activities.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Public Affairs Director of Americas for BSV Blockchain, featuring:</p><h3 id=""></h3><ul><li>Sens. <a href="https://www.linkedin.com/in/thomtillis/" rel="noopener noreferrer nofollow">Thom Tillis</a> (R-NC) and Bill Hagerty (R-TN)</li><li>Cozen law firm</li><li>Sen. <a href="https://www.linkedin.com/in/senatorelizabethwarren/" rel="noopener noreferrer nofollow">Elizabeth Warren</a> (D-MA)</li><li><a href="https://www.linkedin.com/company/us-treasury/" rel="noopener noreferrer nofollow">Treasury</a> Deputy Secretary Wally Adeyemo</li><li>US District Judge Andrew Carter Jr.</li><li>Former chief of the <a href="https://www.linkedin.com/company/irs-criminal-investigation/" rel="noopener noreferrer nofollow">IRS Criminal Investigations</a> office, Jim Lee</li><li>The <a href="https://www.linkedin.com/company/blockchainassociation/" rel="noopener noreferrer nofollow">Blockchain Association</a></li></ul><h3 id="us">US</h3><h3 id="senators-unveil-enforce-act-draft-to-regulate-cryptocurrency-financial-institutions">Senators unveil ENFORCE Act draft to regulate cryptocurrency financial institutions</h3><p>Sens. Thom Tillis (R-NC) and Bill Hagerty (R-TN) released a discussion draft of the Ensuring Necessary Financial Oversight and Reporting of Cryptocurrency Ecosystems (ENFORCE) Act. The bill would ensure that crypto financial institutions follow Bank Secrecy Act anti-money laundering standards, while also providing regulators and law enforcement with additional tools to combat digital asset illicit finance.</p><h3 id="cozen-law-firm-collaborates-with-tillis-39-staff-on-cryptocurrency-regulation-draft">Cozen law firm collaborates with Tillis&#39; staff on cryptocurrency regulation draft</h3><p>Cozen Commentary: Bryan and the Cozen team met with Tillis’ staff last week to get an advance briefing on the draft bill. We are in the process of reviewing and providing feedback to help shape and inform the legislation. The bill’s prospects are not yet clear, but lawmakers generally continue to express interest in legislating in this area.</p><h3 id="sen-elizabeth-warren-raises-concerns-over-stablecoins-in-letter-to-house-financial-services-leaders">Sen. Elizabeth Warren raises concerns over stablecoins in letter to House Financial Services leaders</h3><p>Sen. Elizabeth Warren (D-MA) wrote a letter to House Financial Services Chair Patrick McHenry (R-NC) and Ranking Member Maxine Waters (D-CA), outlining her concerns with stablecoins and the lawmakers’ efforts to create a regulatory framework. A copy of the letter is attached.</p><h3 id="treasury-deputy-secretary-calls-for-enhanced-crypto-regulation-in-senate-testimony">Treasury Deputy Secretary calls for enhanced crypto regulation in Senate testimony</h3><p>Treasury Deputy Secretary Wally Adeyemo is set to testify before the Senate Banking Committee today, where he will discuss crypto’s role in financial crime and sanctions evasion and urge Congress to provide the agency with more regulatory tools to combat illicit finance, according to his written testimony.</p><h3 id="bitmex-co-founder-ordered-to-face-lawsuit-over-alleged-price-manipulation">BitMEX Co-Founder ordered to face lawsuit over alleged price manipulation</h3><p>US District Judge Andrew Carter Jr. issued an order finding that the co-founder of crypto trading platform BitMEX, Ben Delo, played a central role in an alleged price manipulation scheme and must face a class action lawsuit.</p><h3 id="former-irs-investigations-chief-joins-blockchain-analytics-firm-chainalysis">Former IRS Investigations Chief joins blockchain analytics firm Chainalysis</h3><p>The former chief of the IRS Criminal Investigations office, Jim Lee, announced that he is taking a job with blockchain analytics firm Chainalysis.</p><h3 id="blockchain-association-backs-tornado-cash-in-legal-battle-against-sec">Blockchain Association backs Tornado Cash in legal battle against SEC</h3><p>The Blockchain Association filed an amicus brief supporting Tornado Cash in its legal battle against the SEC.</p>

ENFORCE Act introduced amid legal complexities

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