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Senate Majority Leader Chuck Schumer is optimistic about passing bipartisan crypto legislation by year’s end, stressing the importance of collaboration to keep the U.S. at the forefront of innovation. At the “Crypto4Harris” event supporting Vice President Kamala Harris’ campaign, Schumer emphasized the inevitability of cryptocurrency and the need for well-crafted legislation. Schumer Optimistic About Bipartisan … Read more
It comes as decentralized prediction platform Polymarket has gathered more than $500 million in bets on who will likely win the 2024 United States presidential election. Go to Source
Political action committees supporting the cryptocurrency industry are raising hundreds of millions of dollars. Go to Source
Rep. Rich McCormick called on the US government to formally declare Tigran Gambaryan as a hostage if his criminal case in Nigeria was not resolved by mid-July. Go to Source
Though the resolution overturning an SEC rule on banks handling crypto passed in the House in May, the legislation required at least 288 members to override President Biden’s veto. Go to Source
Anita Dunn, a senior adviser to Joe Biden, attended the roundtable in her personal capacity amid reports the US President was considering changing his position on crypto. Go to Source
U.S. Congressman Matt Gaetz has introduced a bill to allow federal income taxes to be paid with bitcoin. Inspired by El Salvador’s success with the cryptocurrency, the lawmaker believes this move will modernize the U.S. tax system, promote innovation, and maintain America’s technological leadership. Lawmaker Proposes Bill to Allow Federal Income Taxes to Be Paid … Read more
President Joe Biden’s veto of the SAB 121 repeal was a blow for the crypto community. Can the U.S. Congress override the veto with broad bipartisan support? Go to Source
The Fifth Circuit found that the regulator overstepped its authority in its new rules affecting hedge funds. Could this ruling be a good sign for crypto? Go to Source
Allen argued that public blockchains “can’t process large volumes of transactions” — though on-chain data suggests otherwise. Go to Source
