The House minority leader said the United States should not take a backseat to China when it comes to digital currencies.
Forbes ranks the top traditional asset managers, but who ranks the top regulated digital asset managers?
The bill already signed into law legalizes online sports betting in the state with bookmakers permitted to accept cryptocurrency deposits from bettors.
State Bank of Pakistan governor Reza Baqir says the country is "waiting to burst as far as digitization is concerned."
The central bank listed four chief concerns, including the lack of legal recourse in the event of investor disputes and possible violations of foreign exchange regulations when purchasing crypto from abroad.
Bitcoin, like the internet, can be used in ways which could compromise U.S. prowess without suitable allowances from lawmakers.
Consulting firms like PwC Russia said that Russians have been increasingly reporting their income from cryptocurrency operations.
Peter Thiel has urged the U.S. government to reappraise China’s relationship with Bitcoin from a geopolitical perspective.
"We think we're likely to see one in the coming year or two, but we don't have a firm timeframe as to when the answer would be yes," said Todd Rosenbluth.
A government-run token exchange could be on the horizon for the United Arab Emirates