The most comprehensive cryptocurrency legislation to date is being introduced Tuesday by a bipartisan pair of senators looking to establish a clear federal regulatory structure for digital assets Sens. Cynthia Lummis, R-Wyo., and Kirsten Gillibrand, D-N.Y. — authors of the Responsible Financial Innovation Act — say their goal is to make consumers more comfortable with a growing industry that is still foreign to many Americans. “One of the problems is that nothing is properly defined,” Lummis, a fervent cryptocurrency supporter on Capitol Hill who owns bitcoin, said in an interview. “Our bill seeks to change that so more people become comfortable and can...

El Salvador President Nayib Bukele has announced that the country is hosting an international conference of central bank representatives. El Salvador will host an international Bitcoin event where 44 central banks and major financial institutions have been invited. According to President Bukele, El Salvador has invited 32 central banks and 12 financial authorities from different countries. These financial authorities will discuss the benefits of Bitcoin adoption in El Salvador and its impact on areas like financial inclusion, digital economy, and banking for the unbanked.

The Central African Republic (CAR) has become the second-ever country to adopt Bitcoin as a national currency, following El Salvador's adoption of the cryptocurrency last year. CAR's government says a bill to adopt Bitcoin was passed unanimously by the country's parliament, reports Reuters and BBC News.