Congressman Steve Stockman Opens Bitcoin Donation Page
Where there's a politician, there's a request for a donation. It's no different with Steve Stockman - Representative of the 36th congressional district in the state of Texas. Stockman now has a donation page up on his website allowing users to submit funds via a connection with digital payments processor BitPay for his run for United States Senate. This is not Stockman's first run-in with bitcoin. He was seen at a New Year's Eve party at 'The Bitcoin Center' in Manhattan's financial district holding up a QR code with a donation address. Could this be the start of a new thing in the....
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Yesterday, Texas Congressman Steve Stockman introduced a new House Resolution (HR 5777) entitled: "To protect cryptocurrencies." Congressman Steve Stockman is a Republican, from Texas's 36th Congressional district, who has become one of cryptocurrency's most ardent supporters in politics. Back in May, Stockman introduced HR 4602: Virtual Currency Tax Reform Act after the IRS revealed its virtual currency guidance for taxation. Texas has established itself as one of the most friendly states towards Bitcoin and cryptocurrencies. Also read: Texan Congressman to Introduce Virtual Currency Tax....
Source: Reddit.com. What better way is there for a politician to get bitcoin donations than by attending a New Year's Eve party and holding up a QR code to a donation address? That's right, there isn't any. Congressman Steve Stockman did just that, attending a New Year's Eve party in the New York City's financial district on Broad Street. A quick scan of the QR on the provided picture posted to Reddit shows the address has received about $10 USD, which means the Congressman was either very unpopular, or someone manipulated the photo and posted their own QR code. Either way, it's pretty....
US Representative Steve Stockman (R-TX) received widespread praise from the bitcoin community this week after submitting a bill to US Congress that would prohibit any state or federal regulator from passing bitcoin regulation for the next five years. Though it may face difficulties appealing to lawmakers who aren't well-versed in the technology, Stockman staunchly advocates for the bill, known formally as the Cryptocurrency Protocol Protection and Moratorium Act, which he views as integral to promoting future job creation in the US. Speaking to CoinDesk, Stockman indicated that he believes....
US Congressman Steve Stockman of Texas is preparing to introduce a new bill, the 'Virtual Currency Tax Reform Act', which, if passed, would tax bitcoins as currency instead of property. Currently, the US Internal Revenue Service (IRS) views bitcoin and other digital currencies as property. When someone sells their bitcoin or makes a purchase in bitcoin, they are subject to a 15% capital gains tax. Any wages paid out in digital currencies must also be reported to federal tax authorities. (Readers can learn more about the IRS decision here.) Stockman's proposal recognizes bitcoin and other....
Source: United States Congress. Congressman Steven Stockman of Texas appeared last night at the New Year's Eve bash at the New York City Bitcoin Center and announced acceptance of bitcoin for his upcoming senate campaign, but perhaps more interestingly, his desire to put together a bill in support of bitcoin. The representative is seeking support of a clear-cut bill that is designed to keep federal, state, and local government from interfering with bitcoin and the bitcoin economy, according to Charles Peralo, a director of new business at the NYC Bitcoin Center and was in attendance at the....