US Lawmakers Introduce ‘Virtual Currency Tax Fairness Act’ to Boost Cryptocurrency Use for Payments

US Lawmakers Introduce ‘Virtual Currency Tax Fairness Act’ to Strengthen Legitimacy of Cryptocurrency, Expand Crypto Use for PaymentsSeveral U.S. lawmakers have introduced the Virtual Currency Tax Fairness Act to strengthen “the legitimacy of cryptocurrency in our digital economy.” The bill also aims to expand the use of cryptocurrencies for payments. Virtual Currency Tax Fairness Act Introduced in the US Representatives Suzan DelBene and David Schweikert introduced the “Virtual Currency Tax Fairness Act […]

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US Senators Introduce Bill Requiring Treasury to Report on Cryptocurrencies and Their Use Globally

Two U.S. senators have introduced a bipartisan bill aimed at improving the oversight of cryptocurrency. The bill requires the Treasury Secretary to submit a report to Congress on cryptocurrencies and their competitiveness globally, including how other countries are using and mining them as well as their impacts on supply chains. New Bill Introduced to Improve […]

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US Senators Introduce ‘Lawful Access to Encrypted Data Act’ — With Backdoor Mandate

US Senators Introduce 'Lawful Access to Encrypted Data Act' — With Backdoor MandateUS lawmakers have introduced the Lawful Access to Encrypted Data Act to ensure law enforcement can access encrypted information. This bill is “a full-frontal nuclear assault on encryption in the United States,” one expert says. It requires manufacturers of encrypted devices and operating systems to have the ability to decrypt data upon request, creating a […]

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