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With continued dialogue between the blockchain industry and the U.S. Congress, there is still hope that regulatory legislation will arrive at a mutually beneficial resolution. Go to Source Powered by WPeMatico
Coinbase’s global tax VP has slammed Congress for the controversial crypto tax provisions rushed into the infrastructure deal, warning the bill could impact 60 million Americans. Go to Source Powered by WPeMatico
Former FDIC regulator, Jason Brett, argues that U.S. lawmakers have pivoted away from private stablecoins to focus on regulating decentralized digital assets this year. Go to Source Powered by WPeMatico
Anna Eshoo has urged the House to amend the language in the controversial infrastructure bill. Go to Source Powered by WPeMatico
U.S. Senator Elizabeth Warren, a longtime bitcoin skeptic, has shared her view of the benefits of cryptocurrencies. While noting that “The biggest upside to cryptocurrency could be expansion or democratization of access to the financial system,” she warned that the crypto industry may need federal bailout if something goes wrong, such as “a run on … Read more
The Security Clarity Act seeks to lessen regulatory burdens for blockchain-based technology. Go to Source Powered by WPeMatico
According to Jerome Powell’s conference calendar, the CEO of Coinbase, Brian Armstrong, met with the Federal Reserve chairman and former House of Representatives Speaker Paul Ryan to speak about the implications of digital currencies. The meeting’s details are unclear but most of the discussions seemingly revolved around the construction of an American central bank digital … Read more
U.S. Senator Cynthia Lummis has encouraged “people to buy and hold” bitcoin in their portfolios. “I encourage them to save bitcoin for their retirement, for their future,” she said, adding that with Congress flooding the economy with trillions and trillions of dollars, “there’s no way” the value of the U.S. dollar will not be debased. … Read more
A U.S. congressman has called for a law that allows the government to identify cryptocurrency users and reverse crypto transactions. “There’s a significant sentiment, increasing sentiment, in Congress that if you’re participating in an anonymous crypto transaction that you’re a de-facto participant in a criminal conspiracy,” he said. Rep. Bill Foster Stresses the Need for … Read more
The House Republicans’ campaign arm said on Thursday that it will be accepting cryptocurrencies using the payment processor Bitpay. The National Republican Congressional Committee (NRCC) is a lobbyist organization aimed at supporting the election of Republicans to Congress, via direct financial contributions to candidates and the Republican Party. NRCC to Accept Crypto Donations but Funds … Read more
