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Congress just delivered a massive win for crypto innovation, overturning the controversial IRS crypto rules that critics say stifled digital asset growth and pushed development overseas. US House and Senate Overturn IRS Crypto Rules, Easing Compliance Burdens The U.S. House of Representatives approved H.J. Res. 25 on March 11, aiming to overturn the previous administration’s … Read more
The Center for Political Accountability is sounding the alarm on the secretive and unaccountable political contributions made by cryptocurrency firms, particularly Coinbase and Ripple Labs. Legal and Financial Risks The Center for Political Accountability (CPA) has stated that the “opaque and unaccountable political contributions” by crypto firms erode investor confidence and public trust in the … Read more
A revived bill seeks to block a U.S. central bank digital currency, with backers warning it could become a surveillance tool that erodes financial privacy. Digital Dollar Faces New Roadblock as Congress Revives Anti-CBDC Bill Congressman and Majority Whip Tom Emmer (R-MN) announced on March 6 that he has reintroduced the Anti-CBDC Surveillance State Act, … Read more
Arkansas House Republican French Hill who also happens to be chairman of the House Committee on Financial Services indicated in a statement published on Friday, that he is open to working on legislation that would potentially include funding for the national strategic bitcoin reserve established on Thursday by President Donald Trump. “As President Trump works … Read more
U.S. Representative Mike Collins, a strong advocate for alternative financial assets, has said his campaign will now accept cryptocurrency donations. ‘Destigmatizing the Crypto Industry’ U.S. lawmaker and advocate for alternative financial assets Mike Collins has announced that his campaign will accept cryptocurrency donations. The lawmaker, who represents Georgia’s 10th Congressional District, stated that this move … Read more
Bitcoin critic Peter Schiff is calling for a Congressional investigation into U.S. President Donald Trump’s two Truth Social posts, which he claims were part of a “pump and dump scheme.” Pump and Dump Scheme Economist Peter Schiff has called for a Congressional investigation into U.S. President Donald Trump’s two Truth Social posts, which he claims … Read more
U.S. lawmakers have launched the Congressional Crypto Caucus, a coalition aiming to shape digital asset policy and defend blockchain innovation as demand for crypto-friendly legislation rises. US Lawmakers Establish Congressional Crypto Caucus Congressman Ritchie Torres and House Majority Whip Tom Emmer have announced the launch of the Congressional Crypto Caucus, a bipartisan group aimed at … Read more
A House committee has moved to repeal the IRS’ controversial “DeFi Broker Rule,” arguing it would stifle innovation, overwhelm the agency with filings, and disadvantage U.S. crypto users. House Committee Blocks IRS DeFi Broker Rule The House Ways and Means Committee has voted to repeal the Biden Administration’s last-minute “DeFi Broker Rule,” arguing that the … Read more
New legislation would mandate fraud warnings, transaction limits, and mandatory refunds for crypto ATM users, aiming to curb scams and hold operators accountable. Senators Introduce Crypto ATM Fraud Prevention Act U.S. Senator Jack Reed (D-RI) announced on Feb. 26 that he has introduced the Crypto ATM Fraud Prevention Act (S. 710) to address the growing … Read more
A U.S.-based venture capitalist has spoken out against proposals that would restrict international stablecoin issuers from accessing the U.S. treasury market. Stablecoin Regulatory Battle Emerges in Washington Vance Spencer, co-founder of Framework Ventures, has criticized attempts to “shut off access to the treasury market for centralized international stablecoin issuers.” According to Spencer, blocking these issuers … Read more
