infrastructure bill – DIGIT INFO

After Overseeing the Largest Monetary Expansion in US History Biden Renominates Powell to Lead the Fed

DIGIT — Mon, 22 Nov 2021 21:30:52 +0000

U.S. president Joe Biden revealed his intent on Monday to re-nominate Jerome Powell as the Federal Reserve chairperson. Major indices and stocks gained on the news that Powell will get a second term as the head of the central bank. Biden Chooses to Renominate Fed Chair Jerome Powell On Monday, president Joe Biden revealed that […]

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10 Congress Members Ask Nancy Pelosi to Help Revise Crypto Provision in Infrastructure Bill

DIGIT — Sat, 20 Nov 2021 16:30:40 +0000

Ten members of the U.S. House of Representatives have called on House Speaker Nancy Pelosi to address the problem with the crypto provision in the infrastructure bill. They explained that the current definition of a broker in the bill “would increase uncertainty in the cryptocurrency industry, pick winners and losers … all while eroding our […]

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US Senator Introduces Legislation to Repeal Infrastructure Bill’s Attack on Crypto Industry

DIGIT — Fri, 19 Nov 2021 16:30:26 +0000

U.S. Senator Ted Cruz has introduced a bill to repeal the $1 trillion infrastructure package’s crypto provision, which he said is a “devastating attack” on the crypto industry. “I urge my colleagues in the Senate to repeal this harmful language that will create regulatory uncertainty and in turn an unnecessary barrier to innovation,” he said. […]

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As the Dollar’s Purchasing Power Drops, Janet Yellen Stresses ‘Pandemic Calls the Shots’ for the Economy, Inflation

DIGIT — Tue, 16 Nov 2021 18:30:55 +0000

Inflation has continued to make the price of goods and services in America rise as the U.S. dollar’s purchasing power is not what it used to be. Meanwhile, the Obama administration’s former economic advisor, Larry Summers, recently told the press that “We’re going to see inflation of a kind we haven’t seen in 30 years.” […]

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US President Biden Nears Decision to Choose Fed Chair — Reports Indicate Toss-up Between Powell and Brainard

DIGIT — Sat, 13 Nov 2021 16:30:35 +0000

Following the passing of the Biden administration’s infrastructure bill, the U.S. president appears to be nearing his decision on whether or not he will reappoint Jerome Powell, the current Federal Reserve Board chairperson. According to a few reports Powell may be chosen, but other reports say the Fed’s Board of Governors member, Lael Brainard, could […]

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Congress Passes $1.2 Trillion Infrastructure Bill — Crypto Advocates Criticize Amended Broker Definition, Tax Code 6050I

DIGIT — Sun, 07 Nov 2021 15:00:07 +0000

Congress has passed the Biden administration’s bill aimed at improving infrastructure, fighting climate change, and bolstering social services. The $1.2 trillion infrastructure bill, which also expands the definition of a broker, awaits U.S. president Joe Biden’s signature after passing with a vote of 228–206 on Friday. Bipartisan Infrastructure Bill Passes to the Tune of $1.2 […]

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China fear is now infrastructure bill fear — 5 things to watch in Bitcoin this week

DIGIT — Mon, 27 Sep 2021 08:30:42 +0000

From bans to bills, the FUD is strong for Bitcoin and crypto this week, but traders are overwhelmingly optimistic about BTC price action.

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US House of Reps to deliver verdict on infrastructure bill this week

DIGIT — Mon, 27 Sep 2021 04:58:02 +0000

While Speaker Nancy Pelosi expects the infrastructure bill to pass, the Democrats are divided on whether to pass the legislation before the terms of a follow-up $3.5 trillion package is finalized.

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Biden Administration Pushes Global Crypto Data Sharing Rules in $3.5 Trillion Budget Bill: Report

DIGIT — Wed, 01 Sep 2021 01:00:18 +0000

The Biden administration is reportedly pushing to include global crypto data sharing rules in the $3.5 trillion budget package. The Treasury wants crypto businesses to report information on foreign account holders “so that the U.S. can share information with global trading partners.” Treasury Wants to Impose More Crypto Rules The U.S. Treasury is reportedly pushing […]

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Infrastructure bill set for a vote by Sept. 27 with no changes to crypto tax provisions

DIGIT — Wed, 25 Aug 2021 01:52:26 +0000

The House of Representatives will vote on the controversial infrastructure bill without amendments to its cryptocurrency provisions by Sept. 27.

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