By CCN Markets: Facebook has too much power to engage with a cryptocurrency, a United States senator has warned, days after the social media giant launched Libra. Sherrod Brown, a Democratic senator from Ohio, told Bloomberg TV that the public has increasing concerns around the social network. Facebook is too big and too powerful. I don’t know that people would have said that two or three or five years ago, but the public increasingly believes they’re too big and too powerful, particularly to engage in a risky cryptocurrency. Running a cryptocurrency system out of a Swiss bank is a big
GOP Senator Introduces Bill to Ban Loot Boxes in Video Games for Minors
The days of video game loot boxes might be numbered as Senator Josh Hawley (R-MO) announced a new bill this week that would ban loot boxes and pay-to-win microtransactions in games played by minors. If passed, The Protecting Children from Abusive Games Act would apply new consumer protections to: Games targeted at those under the […]
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Georgia State Senator Arrested for Lying about ‘Stolen’ Crypto Mining Equipment
Michael Williams, a state Senator from Georgia, has turned himself over to authorities after he was accused of insurance fraud. Williams, who co-introduced the Senate Bill 464—which aimed to compel the state’s revenue authority to receive cryptocurrency as payments for taxes—was charged by a Hall County grand jury on December 18 after an investigation
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U.S. Senator Warns Closing Montana Coal Plant Will Hurt Bitcoin Mining Industry
The junior United States Senator from Montana, Steve Daines, has warned that the planned closure of a coal power generator could harm the booming bitcoin mining business in the state. According to KULR-TV, all the four units of the Colstrip coal plant located in Rosebud County are expected to shut down by 2027. In Senator
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