Republican Senators Tim Scott and John Kennedy at a Capitol press conference presenting legislation to raise Bank Secrecy Act reporting thresholds, with banking and inflation symbols in the background.

Republican senators move to raise Bank Secrecy Act reporting thresholds

Petra Hartmann AI द्वारा उत्पन्न छवि तथ्य-जाँच किया गया

Senate Republicans led by Tim Scott of South Carolina and John Kennedy of Louisiana have introduced legislation to update long‑standing Bank Secrecy Act reporting thresholds and index them to inflation, a step that comes amid President Donald Trump’s 2025 executive orders to digitize federal payments and curb what the White House calls politicized “debanking.”

Ohio Republicans push cryptocurrency legislation

Chris Blake

Ohio Republicans are advancing bills to integrate cryptocurrency into state finances, allowing tax payments and investments in digital assets. Treasurer Robert Sprague leads the effort, citing the need to keep pace with digital payments. However, legislative leaders express caution over the technology's risks.

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The Senate adopted a bill against the 'high cost of living' in overseas territories on October 29, introduced by Minister Naïma Moutchou. Deemed largely insufficient by ultramarine lawmakers, the text highlights frustrations over the lack of ambitious measures on purchasing power and competition. It is now sent to the National Assembly.

Social democrats seek ban on active clubs

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The Swedish Social Democrats are demanding a ban on clubs engaged in violence or ideologically violence-affirming activities, criticizing the government for passivity. Justice Minister Gunnar Strömmer (M) counters by accusing the party of delaying legislation. Both sides highlight Nazi-linked Aktivklubb Sverige as an example of the growing threat.

Senate receives bill to enact new anti-extortion law

Mexico's Senate received a bill from the Chamber of Deputies to enact the General Law for Preventing, Investigating, and Sanctioning Extortion Crimes. The initiative aims to coordinate efforts among authorities to combat the offense nationwide. It sets penalties of six to 15 years in prison and substantial fines, with aggravating factors based on case circumstances.

Senate negotiations stall on crypto regulation bill

Chris Blake

Negotiations in the U.S. Senate have stalled along partisan lines on the CLARITY Act, a bill aimed at clarifying cryptocurrency regulations. The legislation, which passed the House in July, seeks to classify digital assets and assign regulatory oversight. With the crypto market surging to $4 trillion in 2025, industry leaders are pressing for action amid ongoing talks.

Senators introduce bill to block kids from harmful AI chatbots

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Crypto executives meet with Senate Republicans and Democrats

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California enacts law to protect unclaimed cryptocurrency assets

Governor Gavin Newsom signed Senate Bill 822 on October 11, making California the first state to shield unclaimed digital assets from forced liquidation. The bipartisan legislation updates the Unclaimed Property Law to include cryptocurrencies like Bitcoin and Ethereum. It ensures these assets are handled similarly to abandoned bank accounts or securities.

 

 

 

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