Unchanged crypto tax bill will be put to a vote on Tuesday
Senate talks regarding the controversial crypto provisions to the U.S. infrastructure bill have ended without amendment, suggesting the original bill will be voted on come Tuesday. The provisions aim to raise $28 billion for infrastructure funding through expanded digital asset taxation, and will impose broad third-party reporting requirements on any crypto firm deemed to comprise a “broker.”On August 9, general counsel to Compound Finance, Jake Chervinsky, tweeted that the Senate had voted 68 in favor to 29 against ending debate surrounding the provisions, halting discussions until....
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The Brazilian crypto market has seen a lot of growth in recent months, and it looks like an ambitious private member’s bill could help regulate this booming business by the end of this June. MP’s will be voting next week Tuesday for whether or not they want to pass regulations that would provide more security […]
"Who knows how much innovation we’re going to stifle, who knows what kind of new apps never emerge," said Senator Pat Toomey. A compromise which proposed amending provisions in the bipartisan infrastructure deal on crypto failed to meet the requirements of a unanimous consent request in the Senate, making the bill likely to go to a full vote without additional changes.This afternoon, Senator Tom Carper, the Democratic floor manager for infrastructure bill HR 3684, put forth the compromise amendment agreed upon earlier today by Senators Pat Toomey, Cynthia Lummis, Rob Portman, Mark Warner,....
The largest tech companies in the world, from Google and Apple, to Reddit and Twitter, issued statements condemning the cyber-security bill called CISA, but to no avail. CISA (Cybersecurity Information Sharing Act of 2015) easily passed through the U.S. Senate’s vote on Tuesday, creating a new avenue for consumer data sharing that benefits anti-privacy entities like the NSA, reports The Guardian. The vote was attended and levied by 95 of the 100 U.S. Senators, as five either abstained or missed the voting process entirely. The five Senators who didn’t vote were Cruz (R-TX), Graham (R-SC),....
The House of Representatives will vote on the controversial infrastructure bill without amendments to its cryptocurrency provisions by Sept. 27. The controversial $1 trillion infrastructure bill will see a vote in the U.S. House of Representatives without any amendments to the crypto tax provisions by Sept. 27.The vote was agreed to after the House narrowly approved the Democrats’ $3.5 trillion budget blueprint in a vote of 220 to 212. Despite some initial pushback from moderate Democrats, the dissident voters were swayed after House Speaker Nancy Pelosi committed to pass the bill before....
The largest Latin American country could soon be the latest to regulate crypto, which lawmakers hope will increase its uses across the country. The Brazilian Senate is set to vote on a bill which would make the country the biggest in Latin America to regulate cryptocurrency. The crypto bill was unanimously approved by the Senate’s Economic Affairs Committee on Feb. 22, potentially increasing the chances that it will pass a vote on the Senate floor. Once passed by both the Senate and the lower house, it will be sent to President Jair Bolsonaro to be signed into law.The legislation states....