Ethereum News Daily Official TheBitTimes.com

In what could be a major step toward the actualization of the legislation, US Senator Josh Hawley of Missouri has officially reintroduced the PELOSI Act to ban Congress from stock trading. Indeed, the act had been introduced in 2023, although it failed to make notable headway under the previous Biden administration. US President Donald Trump had previously confirmed he would sign such legislation banning congressional stock trading. The Preventing Elected Leaders from Owning Securities and Investments Act bears the name of Nancy Pelosi. Indeed, she is one of the strongest examples of elected officials amassing wealth through the US stock market. JUST IN: Senator Josh Hawley reintroduces "Pelosi Act" bill to ban Congress from trading stocks. pic.twitter.com/txABvuno1W — Watcher.Guru (@WatcherGuru) April 28, 2025 Also Read: US Congressman Calls to Ban Congress From Stock Trading US Senator Josh Hawley Brings Back the PELOSI Act to Ban Stock Trading by Lawmakers For the last se...

The U.S. must capitalize on the “high demand” for digitally native U.S. dollars, particularly from those in emerging economies with weak local banking systems, the Circle CEO said. The United States must implement Stablecoin legislation and digitize the U.S. dollar (USD) to mitigate the “very active de-dollarization taking place” around the world right now, says Jeremy Allaire, the chief executive of Stablecoin issuer Circle. Allaire’s comments at the Consensus 2023 conference on Wednesday, April 25, were made in light of the recent U.S. banking crisis. The Circle — the stablecoin issuer behind USD Coin (USDC) — CEO called on Congress and the Federal Reserve to take action otherwise alternative currencies and payment systems will continue to eat into the dollar’s dominance: “We have a very active de-dollarization taking place. You're having very significant reactions to the U.S. risks in the U.S. banking system, risks with the US government itself, a geopolitical imposition on ...