infrastructure bill – Page 2

Treasury Dept. wants to ‘capture DeFi’ with infrastructure bill: Jake Chervinsky

General counsel to Compound Labs, Jake Chervinsky, has warned that the Treasury Department wants to “capture” the DeFi sector through the crypto provisions added to the infrastructure bill.

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‘Wolf of All Streets’ Trader Expects Bitcoin to Surpass $100K Within 6 to 12 Months

Crypto trader and investor Scott Melker, also known as “The Wolf of All Streets,” expects the price of bitcoin to hit new all-time highs by the end of the year. “I would not be surprised at all to see bitcoin trading in six figures within the next six to 12 months, or ethereum even pushing […]

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Biden’s infrastructure bill doesn’t undermine crypto’s bridge to the future

Some saw beneficial effects from the week’s legislative face-off. Still, “crypto and blockchain technology is at a significant moment.”

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Nancy Pelosi Urged to Amend ‘Harmful’ Cryptocurrency Provision in Infrastructure Bill

Nancy Pelosi Asked to Fix 'Harmful' Cryptocurrency Provision in Infrastructure Bill

U.S. Representative Anna Eshoo has asked House Speaker Nancy Pelosi to amend the crypto provision in the $1.2 trillion infrastructure bill that the Senate passed this week. She urged the House to adopt the bipartisan amendment supported by the Treasury Department that provides a solution. Rep. Eshoo Asks Pelosi to Amend ‘Harmful Language’ on Crypto […]

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Satoshi Versus the ‘Infrastructure Bill’ — Political Permission Not Required

When Satoshi Nakamoto released the Bitcoin white paper in October 2008, it likely wasn’t with the idea that governments and central banks needed to recognize, adopt, and regulate Bitcoin for everyone’s benefit. To the contrary, if anything can be taken away from that document and the message encoded in the genesis block, it’s that centralized […]

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$1.2 Trillion Infrastructure Bill Passes Senate With Troubling Crypto Requirements

The U.S. Senate has passed the $1.2 trillion infrastructure bill with a crypto reporting requirement provision that has been described as “unworkable.” Senator Ted Cruz warned: “This infrastructure bill has in it a portion that is designed to obliterate crypto. That would be a tragic mistake.” Senate Passes Infrastructure Bill With ‘Unworkable’ Crypto Tax Provision […]

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US Consumers Expect Inflation to Continue Rising Sharply According to the Fed’s Latest Survey

The Federal Reserve Bank of New York published the Survey of Consumer Expectations report on Monday, which shows U.S. consumers are expecting short-term inflation levels to be higher than usual. Meanwhile, the report also shows American consumers’ expectations of long-term inflation have reached the highest level since 2013. New York Fed’s Survey of Consumer Expectations […]

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US Senators and Treasury Reach Agreement on Crypto Requirements in Infrastructure Bill

U.S. Senators and Treasury Reach Compromise on Crypto Requirements in Infrastructure Bill

Five U.S. senators have been working with the Treasury Department and have come up with a compromise crypto amendment to the $1.2 trillion infrastructure bill. “We’ve worked with the Treasury Department to clarify the underlying text and ensure that those who are not acting as brokers will not be subject to the bill’s reporting requirements.” […]

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Unchanged crypto tax bill will be put to a vote on Tuesday

Senate talks regarding the controversial crypto provisions to the U.S. infrastructure bill have ended without amendment, suggesting the original bill will be voted on come Tuesday.

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US Senator Warns Passing Unproven Crypto Law Will Stifle Innovation and ‘Make Americans Poorer’

U.S. Senator Mike Lee has raised concerns that adopting the crypto tax provision in the $1.2 trillion infrastructure bill will stifle innovation and make Americans poorer. He explained that cryptocurrencies are not like securities and cannot be regulated with the same policies, noting that to do so would drive innovation offshore. Senator Mike Lee Warns […]

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