Congressman Stockman: It's Too Early to Regulate Bitcoin
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....
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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....
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....
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....
A special guest will be making an appearance at the New York City Bitcoin Center on Broad Street on Monday evening. Congressman Steven Stockman will be joining the center's weekly Satoshi Square trading event - which will also serve as a celebration of the start of MediaBistro's Inside Bitcoins event. Representative Stockman of Texas is considered to be pro-bitcoin, and he isn't a stranger to the Bitcoin Center - which sits just about one hundred feet away from the New York Stock Exchange. He made an appearance at the Center's grand opening/New Year's Eve bash in which he began accepting....
Earlier today, Congressman Stockman (TX-36) announced on his website in a press release that he plans to introduce the "Virtual Currency Tax Reform Act." I wish he had taken it a step further and called it the "Digital Currency Tax Reform Act," but one can only have so many wins in a day. This piece of legislation, if enacted, would revise the IRS Virtual Currency Guidance released very late last month. Instead of treating virtual currencies such as Bitcoin as property, the Virtual Currency Tax Reform Act will call for their treatment as currency. The exact text of the proposed legislation....