US Lawmakers Support Crypto Regulation

Despite the fact that the White House is far from the regulation of the cryptocurrency, members of parliament are interested in implementing of legislation  
19 February 2018   1058

A number of congressional lawmakers who, despite their differences on many legislative matters, support implementing new rules to regulated cryptocurrency usage.

Carolyn Maloney, a Democratic senior member of the House Financial Services Committee (HFSC) said that people don’t realize there’s nothing backing these virtual currencies.

Tom MacArthur, an HFSC Republican stated that it is necessary to look carefully at all of the cryptocurrencies and make sure individuals don’t get taken advantage of.

Members of the most libertarian and anti-regulatory group in Congress, the House Freedom Caucus said that they were open to making an exception to address the perceived threats of cryptocurrencies.

I‘m a total free-marketer, so I don’t want to regulate. But if it’s a currency that could destabilize the whole economy, you’re going to have that conversation.

Dave Brat

Member of the conservative House Freedom Caucus

These comments follow several high-profile congressional committee hearings in which the chairmen of the Securities Exchange Commission and Commodity Futures Trading Commission testified that they were “open” to new federal cryptocurrency regulations.

Last week, Rob Joyce, White House cybersecurity official stated that the government was still studying and understanding the matter and was unlikely to pursue a new regulatory framework within the near future.

tZERO to Launch Bitcoin Trading App

Application itself is being developed by Bitsy; it may also begin to support Ethereum in the future
22 March 2019   142

The security tokens platform tZERO announced plans to launch a mobile application for buying and selling bitcoin. In the future, the application may also begin to support Ethereum,  CoinDesk reports.

According to Saum Noursalehi, CEO of tZERO, applications for iOS and Android devices should be launched in June. Bitsy is developing it, a cryptocurrency start-up that is part of the portfolio of the Overstock venture division of Medici Ventures.

That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app. They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login. 

Saum Noursalehi

CEO, tZero

According to him, the application will allow you to store cryptocurrency without the need to trust third parties and it will be connected to the network of exchanges through the API. The implementation of this plan will occur through partner tZERO, the institutional trading platform SFox.

In the future, the head of tZERO added, the platform also intends to create its own cryptocurrency vault to meet the demand from users.

The public beta testing of Bitsy wallet started in November 2018. With his help, the Overstock retailer plans to launch Bitcoin sales on its website.