Senate Finance Committee Chair probes “lack of safeguards” in crypto tax ince...
A new push for clarity on compliance from Senator Wyden aims to ensure economically distressed communities receive promised benefits from crypto mining companies. Democratic Senator Ron Wyden is digging into the activities of crypto companies that take advantage of tax breaks provided by the Opportunity Zone program.Senator Wyden’s main concern stems from the perception that some crypto companies may be taking advantage of what he called “a lack of safeguards and transparency measures” in the Opportunity Zone program.The concerns were raised in letters he sent to two companies and one....
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On Thursday, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler spoke before the Senate Banking Committee to defend the agency’s stance on cryptocurrencies and its efforts to include climate risks in public company reports. Pennsylvania Senator Pat Toomey has criticized the SEC for its lack of a crypto regulatory framework. calling out Gensler for failing […]
In a 52–43 vote on the Senate floor on Tuesday, U.S. lawmakers confirmed Lael Brainard as vice chair of the Federal Reserve System for four years. After weeks of delays due, in part, to partisan obstructionism, the United States Senate has confirmed the nomination of Lael Brainard, a member of the Federal Reserve's board of governors, as the next vice chair of the central bank.In a 52–43 vote on the Senate floor on Tuesday, U.S. lawmakers confirmed Brainard a vice chair of the Federal Reserve for four years, potentially beyond her term as a governor ending in January 2026. Brainard was....
An inquiry by the Australian Senate into an appropriate framework for digital currencies in Australia is ongoing, ZDNET reports. The inquiry was successfully moved in Parliament on Thursday by the Economics References Committee's chair, NSW Labor Senator Sam Dastyari. The inquiry is expected to deliver its final report on March 15 next year. Also read: US Senate Homeland Security and Governmental Affairs Committee Hearing on Virtual Currencies Highlights (video). Ronald Tucker, Chairman of the Australian Digital Currency Commerce Association (ADCCA), said: "I applaud the committee's....
In a 80–19 vote in the Senate, U.S. lawmakers confirmed Jerome Powell as the next chair of the Federal Reserve System, where he will also serve as a board member until 2028. The United States Senate has confirmed the nomination of Jerome Powell as the chair of the board of governors of the Federal Reserve System until 2026.In an 80–19 landslide vote on the Senate floor on Thursday, U.S. lawmakers confirmed Powell as chair of the Federal Reserve, a position he held from February 2018 until February 2022, when he was named chair pro tempore until a confirmation vote could be secured. Powell....
In a highly anticipated appearance before the Senate Banking Committee, Securities and Exchange Commission (SEC) Chair Gary Gensler is set to reiterate his stance on the regulatory landscape of crypto today (10:00 am ET). Drawing from his pre-released testimony, Gensler remains unwavering in his belief that the majority of crypto assets fall under the purview […]