Cryptocurrency

Legislators consider vetoes from Gov. Kristi Noem on March 27, 2023, at the Capitol in Pierre. (Joshua Haiar/South Dakota Searchlight)

Hemp and crypto bills fall as legislators sustain Noem vetoes

BY: - March 27, 2023

PIERRE — Lawmakers debated the future of money and the amount of an intoxicating compound that should be allowed in industrial hemp, but they failed to override any of Gov. Kristi Noem’s vetoes Monday at the Capitol. None of the four bills up for override votes received the necessary two-thirds majority. Legislators also failed to […]

Sen. Pete Ricketts, R-Nebraska, speaks March 7, 2023, during a hearing of the Senate Subcommittee on Clean Air, Climate and Nuclear Safety. (Screenshot/subcommittee video)

U.S. Senate panel probes how crypto mining increases energy consumption

BY: - March 7, 2023

WASHINGTON — The so-called mining for digital assets, or cryptocurrency, consumes as much electricity as some entire nations, and U.S. senators explored the issue Tuesday in what they said was their first-ever hearing focused on the energy implications of digital currency.   Crypto mining in both Nebraska and Pennsylvania was discussed in particular by the members […]

CEO of FTX Sam Bankman-Fried testifies during a hearing before the House Financial Services Committee at Rayburn House Office Building on Capitol Hill Dec. 8, 2021, in Washington, DC. (Photo by Alex Wong/Getty Images)

FTX failure divides lawmakers on how tough to get with crypto regulation

BY: - December 13, 2022

Members of a U.S. House committee disagreed at a Tuesday hearing about whether more aggressive federal regulation would have protected customers from the collapse of cryptocurrency firm FTX and the alleged fraud of its founder, Samuel Bankman-Fried. Lawmakers at the four-hour House Financial Services Committee hearing appeared to view the unfolding scandal around Bankman-Fried, arrested […]