Category: Senate

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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Treasury to the rescue? Officials to clarify crypto tax reporting rules in infrastructure bill: report

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. 4348 Total views 57 Total shares The United States Treasury Department is reportedly seeking to clarify the definition of brokers in the bipartisan infrastructure bill passed […]

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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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Mark Cuban likens shutting off crypto growth to stopping e-commerce in 1995

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. 219 Total views 3 Total shares Leaders in the crypto industry continue to speak up as the bipartisan $1 trillion infrastructure bill, known for implementing tighter rules on crypto businesses and expanding reporting requirements […]

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2 Senators introduce pro-crypto amendment to infrastructure bill; industry says it’s not enough

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. 12174 Total views 165 Total shares United States senators Mark Warner and Kyrsten Sinema, both Democrats from Virginia and Arizona, respectively, have introduced a new amendment to the infrastructure bill that would lessen the burden […]

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