Crypto News 

Blockchain and Crypto Business Reps Protest Nevada Bill

“The Nevada Technology Association (NTA) said that the bill was premature and would put Nevada at a competitive disadvantage as blockchain was still in its nascent stages” writes Aaron Wood for cointelegraph.com. Following an initial explanation of the bill before the committee, representatives from the crypto industry protested the legislation.Representatives from the blockchain and cryptocurrency industries voiced their concerns about a bill in the Nevada State Senate in a Judiciary Committee hearing on Tuesday, March 12.Early this year, the Associated Press found that some counties in Nevada were issuing marriage…

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Natural Resources Committee derailed by ‘fluff’

“Bishop’s criticism of the Democrat-led committee is not that it has addressed climate change, but how it has done so” reports washingtonexaminer.com. Raul Grijalva, D-Ariz., for holding seven hearings on climate change last month that he argues were squarely outside the jurisdiction of the committee.Bishop has criticized the committee chairman, Rep. Source: washingtonexaminer.com

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Olympics: JOC head Takeda likely to retire amid corruption probe – report

“French prosecutors have been probing multi-million dollar payments made by the Tokyo bid committee to a Singapore consulting company” writes Midwest Communications Inc for 95kqds.com. Other sources said Takeda — head of the committee since 2001 — should decide by himself whether to step down, the broadcaster reported.The Tokyo 2020 organizing committee declined to comment.TOKYO (Reuters) – Japanese Olympic Committee President Tsunekazu Takeda is likely to retire without serving another term as French prosecutors are investigating him for suspected corruption in Japan’s successful bid to host the 2020 Games, public…

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Democrats question Commerce Secretary Ross on census citizenship question

“Cummings asked Ross whether the “secret memo” included the “real reason” the administration wanted to add the question” reports washingtonexaminer.com. Mark Meadows, R-N.C., noted that the citizenship question was asked in the 2000 census overseen by the Clinton administration, and there was no reason to be there was any “nefarious purpose” to it.The contents of the 2017 Commerce memo have not been released by the administration, though the committee has requested it. Source: washingtonexaminer.com

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Crypto News 

Republican Leader Claims Blockchain Can Make US Government More Efficient

“Kevin McCarthy, the current Republican Minority Leader in the United States House of Representatives, said on Tuesday, March 12, that blockchain can make the U.S. Congress a more efficient and transparent place” writes Ana Berman for cointelegraph.com. The first laid groundwork for storing so-called certificate tokens representing stocks on a blockchain “or other secure, auditable database,” and permitted their digital transfer. Source: cointelegraph.com

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Mnuchin says GOP overhaul raised his taxes

“Treasury Secretary Steven Mnuchin told Congress Thursday that his taxes increased as a result of the 2017 Republican-passed tax law” reports washingtonexaminer.com. But Mnuchin would not answer a follow-up question as to whether he saw an increase in his federal tax rate, rather than his combined federal, state tax rate. “I’d have to look at that,” said Mnuchin.The 2017 tax reform law capped the federal deduction for state and local taxes paid, or SALT, at $10,000 per year.Under an over 90-year-old law, the heads of Congress’ tax-writing committees can request…

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China foils bid to blacklist Kashmir attacker; U.S., India vow to keep pushing

“China had previously prevented the sanctions committee from sanctioning Azhar in 2016 and 2017” writes Midwest Communications Inc for 95kqds.com. UNITED NATIONS/NEW DELHI (Reuters) – China prevented a United Nations Security Council committee on Wednesday from blacklisting the head of Pakistan-based militant group Jaish-e-Mohammad (JeM), which said it attacked an Indian paramilitary convoy in disputed Kashmir. Source: 95kqds.com

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News Regulators 

Basel Committee Warns Banks Against “Immature” Digital Assets

“The Basel Committee has issued a fresh warning to the banks against the risks associated with digital assets” writes Arnab Shome for financemagnates.com. Compared to the mainstream financial sector, the size of the digital asset industry is small and banks all over the globe also have a “very limited direct exposures” to the cryptocurrency sector.This is not the first warning issued by the committee as, last year, it criticized the digital assets for their lack of scalability. Source: financemagnates.com

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Cummings Says He Won’t Pursue Perjury Charges Against Cohen

“Jordan, the top Republican on the Oversight panel, has claimed that Cohen lied to the committee at least seven times during his public testimony” writes Griffin Connolly for rollcall.com. Democrats on the committee have said Republicans are using Cohen’s statements on pardon discussions with the president as a smokescreen for Trump, whom Cohen claimed in his testimony committed multiple crimes before and during his presidency. Source: rollcall.com

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House panel probes Anthem, UnitedHealth over short-term health plans

“(Reuters) – The U.S. House Committee on Energy and Commerce on Wednesday launched an investigation into 12 health insurers, including Anthem Inc and UnitedHealth Group, over their sale of short-term plans” writes Midwest Communications Inc for 95kqds.com. Terming the short-term plans as “junk”, the committee said it was troubled that consumers who sign up for the plans are being misled about the nature of the coverage they are purchasing.”The Democrats cite concerns over several troubling reports of STLDI (short-term, limited duration insurance) plans denying coverage entirely, charging more based on…

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