Bipartisan Push For Crypto: Democrats Present Key Principles For Market Struc...
On Tuesday, a group of Senate Democrats unveiled a set of key principles aimed at shaping future legislation to regulate the cryptocurrency space under the anticipated market structure bill. Spearheaded by Senators Ruben Gallego, Mark Warner, Kirsten Gillibrand, and Cory Booker, this framework seeks to address the pressing issues surrounding market structure and regulatory clarity. […]
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The U.S. House of Representatives, on Friday, passed the $1.2 trillion bipartisan infrastructure bill. With a final vote of 228-206, thirteen Republicans voted with the majority of Democrats in favor of the bill. Although, six Democrats voted against it. After hours of deliberation, the bill now heads to President Joe Biden’s desk to be signed […]
In a recent interview, Coinbase CEO Brian Armstrong affirmed that the Senate’s highly anticipated version of the crypto market structure still has a chance of being passed this year, despite the recent setbacks. Related Reading: Senate Democrats Question Trump’s Special Envoy About Crypto Holdings In New Letter Crypto Bill Sees ‘Strong’ Bipartisan Collaboration Following Wednesday’s […]
A new bipartisan bill has been introduced in the Senate that would simplify the use of cryptocurrency for everyday purchases by creating tax exemption for personal crypto transactions under $50 as well as when the capital gains are less than $50.
New ‘Virtual Currency Tax Fairness Act’
A new bipartisan bill, known as the “Virtual Currency Tax Fairness Act,” was introduced in Congress Tuesday by Senators Pat Toomey (R-PA) and Kyrsten Sinema (D-AZ).
According to the announcement by the U.S. Senate Committee on Banking, Housing, and Urban....
Pro-bitcoin Senator Cynthia Lummis of the United States is planning to present a comprehensive crypto bill next year that will explain how different digital assets will be classified and taxed. Pro-Bitcoin Senator Proposes Crypto Bill Senator Cynthia Lummis, a Bitcoin evangelist, plans to introduce a comprehensive crypto bill in the new year. Lummis’ proposed bill, according to Bloomberg, aims to establish regulatory clarity on stablecoins, instruct regulators on which cryptos belong to which asset classes, and provide consumer protections. In addition, the senator is said to have....
Bipartisan support remains the main obstacle standing between the CLARITY Act and becoming law. That was the assessment from asset management firm Grayscale on Friday, even as the company said it believes the bill has a strong chance of passing. Republicans hold 53 Senate seats, meaning at least seven Democrats would need to cross the […]