Category: Congress

Coinbase warns infrastructure bill’s crypto provisions could impact 20% of US population

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. 2797 Total views 91 Total shares Coinbase’s Global VP of tax, Lawrence Zlatkin, has taken aim at the rushed cryptocurrency provisions added to Congress’ bipartisan infrastructure bill “at the […]

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Congress has put forward 18 bills on digital assets in 2021 so far

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. 2327 Total views 17 Total shares The United States Congress appears to be pushing for greater regulatory clarity regarding crypto assets, having proposed18 bills concerning blockchain and cryptocurrency during 2021 so […]

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Members of Congress lobby Nancy Pelosi and others to amend crypto tax definition

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. 3715 Total views 198 Total shares A Californian congresswoman has written to Speaker Nancy Pelosi expressing concerns about the controversial new mandate for crypto tax reporting. Anna Eshoo, who represents California’s 18th Congressional District, penned a letter to the Democratic […]

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Rep. Soto seeks to create office to ‘coordinate’ Federal use of blockchain tech

Rep. Soto seeks to create office to ‘coordinate’ Federal use of blockchain tech

The dedicated office would oversee “all non-defense related deployment and activities related to blockchain technology within the Federal Government.” 32894 Total views 120 Total shares A new bill filed on Thursday, H.R.9067, seeks to create an office that will “coordinate” federal applications of blockchain technology.  Sponsored by Rep. Darren Soto, a Democrat representing Florida’s 9th […]

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Congresspeople speak out against Tlaib’s anti-stablecoin bill

Congresspeople speak out against Tlaib’s anti-stablecoin bill

On Wednesday night, Congresswoman Rashida Tlaib introduced a bill before the U.S. House of Representatives looking to make fiat-pegged stablecoin operators abide by the same rules and registration requirements expected of banks. The legislation, under the name “the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act,” sets out a fresh and extremely expansive definition of […]

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