US Rep. Steve Stockman Introduces Bill to Protect Cryptocurrencies
United States Representative Steve Stockman (R-Texas) kept his promise and recently introduced a bill in Congress that would not only extend substantial protections to cryptocurrencies, but would also require that cryptocurrencies be classified as a “currency.” The bill, entitled the Cryptocurrency Protocol Protection and Moratorium Act (CryptPMA), begins by placing a five-year moratorium on any new legislation concerning cryptocurrencies. Stockman has supported virtual currencies for a long time. In 2013, he was interviewed by Nick Spanos, founder of the Bitcoin Center in New York City,....
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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....
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....
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....
Congressman Steve Stockman. US Representative, Steve Stockman (R-TX) has submitted a new bill that proposes a five-year moratorium on digital currency regulation. The HR 5777 bill, (download the text here) or in full the Cryptocurrency Protocol Protection and Moratorium Act, seeks to hold off any "statutory restrictions or regulations" on digital currencies such as bitcoin for "the five-year period after June 15th, 2015." The bill was tabled on December 1st and was thereafter referred to two House committees, the Ways and Means; and the Financial Services committees. HR 5777 calls for....
At a New Year's Eve event in the NYC Bitcoin Center, congressional candidate Steve Stockman went all out for bitcoin. A Republican representative in the Texas 36th District, Stockman wore a QR code associated with a bitcoin address, encouraging BTC donations for his Senate campaign. Stockman needs the money. According to USA Today, his campaign lacks the financial resource of his incumbent opponent, Senator John Cornyn, whom he will face in a district Republican primary battle. USA Today also reported that Cornyn's campaign account contains $7m, while Stockman has $32,000. It's no wonder....