US nears ban on CBDCs until 2030 as housing bill goes to Trump
The House passed a housing bill with a central bank digital currency ban until 2030, meaning it now just needs US President Donald Trump’s sign-off. Go to Source
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‘Stop Lawmakers From Predicting’: GOP Bill Targets Congress Betting on Kalshi and Polymarket
Republican Rep. Bryan Steil has introduced the Stop Lawmakers from Predicting Act, a bill that would bar House members, their spouses and their children from wagering on political and policy outcomes via prediction markets. A New Line Between Lawmaking and Betting Rep. Bryan Steil (R-Wis.), chairman of the Committee on House Administration, unveiled the measure … Read more
Congress to Probe Whether Crypto Can Challenge China and Russia’s Grip on Financial Freedom
House lawmakers will review how digital assets could support people living under repressive governments or failing financial systems, tying cryptocurrency access to U.S. national security. House Roundtable Will Review Digital Assets and Repressive Financial Systems A congressional announcement issued June 18 scheduled a June 25 roundtable on how digital assets may help people facing repressive … Read more
Republican lawmaker proposes prediction markets insider trading ban, not including White House officials
The bill did not specifically bar members of the US Congress from using the platforms or making sports bets, but prohibited policy wagers. Go to Source
Crypto Investors Could Lose Key Tax Advantage Under New House Proposal
Proposed crypto tax changes could limit loss-harvesting strategies by extending wash sale and constructive sale rules to many digital assets, while providing limited exemptions for certain categories of crypto activity. House Proposal Would Bring Crypto Trades Under Wash Sale Restrictions House Budget Chairman Jodey Arrington (R-TX) on June 17 issued a press release highlighting H.R. … Read more
Gaming groups urge Congress to ban prediction markets sports betting in CLARITY Act
Gambling industry groups want the US Senate to step in to clarify that the Commodity Futures Trading Commission does not have the authority to oversee prediction markets. Go to Source
US lawmakers warn against presidential pardon for Sam Bankman-Fried
The former FTX CEO is currently serving a 25-year sentence after being found guilty on seven felony charges related to the misuse of customer funds. Go to Source
Congress reaches deal on housing bill with CBDC ban until 2030
The US could soon temporarily ban a central bank digital currency, as House and Senate leaders came to a deal on a housing bill inclusive of a ban. Go to Source
Congress Targets Crypto ATMs After Americans Lose $333M to Scams
Lawmakers are seeking to curb crypto ATM fraud with a bipartisan bill that would set transaction limits, mandate scam warnings, and require transaction records and updated kiosk location records. The proposal follows FBI-cited losses of more than $333 million, with older Americans accounting for most known-age financial losses. Bipartisan Bill Would Set Crypto ATM Limits … Read more
Congress Examines 8 Crypto Tax Proposals as $2T Market Faces Compliance Burden
House tax lawmakers reviewed eight digital asset tax proposals seeking clearer rules for crypto payments, mining, staking, donations, and compliance. The measures aim to reduce paperwork for digital asset users while establishing clearer tax treatment for key activities across the sector. House Tax Panel Reviews Eight Digital Asset Tax Proposals The House Ways and Means … Read more