Sen. Warren goes after Ethereum network fees in committee hearing
“High, unpredictable fees can make crypto trading really dangerous for people who aren’t rich,” said Senator Warren. Go to Source Powered by WPeMatico
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Coinbase warns infrastructure bill’s crypto provisions could impact 20% of US population
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
Congress has put forward 18 bills on digital assets in 2021 so far
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
Treasury to the rescue? Officials to clarify crypto tax reporting rules in infrastructure bill: report
Speaking on condition of anonymity, an official has reportedly told Bloomberg that the Treasury Department is planning to clarify the definition of “broker” in the recently passed infrastructure bill. Go to Source Powered by WPeMatico
‘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 … Read more
Senate infrastructure bill isn’t perfect, but could the intention be right?
The provisions of the U.S. infrastructure bill stirred up a heated debate, but many of the fears voiced by its critics are misguided. Go to Source Powered by WPeMatico
Wyoming’s crypto-friendly bill could be a sandbox in action, Sen. Lummis says
The new bill would allow crypto banks to get faster approvals for conducting business in Wyoming. Go to Source Powered by WPeMatico
Members of Congress lobby Nancy Pelosi and others to amend crypto tax definition
Anna Eshoo has urged the House to amend the language in the controversial infrastructure bill. Go to Source Powered by WPeMatico
Mark Cuban likens shutting off crypto growth to stopping e-commerce in 1995
Bitcoin proponent Mark Cuban is certainly not happy with the tighter rules for crypto businesses introduced in the new infrastructure bill. Go to Source Powered by WPeMatico
2 Senators introduce pro-crypto amendment to infrastructure bill; industry says it’s not enough
Perianne Boring, the founder and president of the Digital Chamber of Commerce, provided details about the proposed amendment Saturday afternoon. Go to Source Powered by WPeMatico
