Members of Congress lobby Nancy Pelosi and others to amend crypto tax definition
Anna Eshoo has urged the House to amend the language in the controversial infrastructure bill. A Californian congresswoman has written to Speaker Nancy Pelosi expressing concerns about the controversial new mandate for crypto tax reporting.Anna Eshoo, who represents California's 18th Congressional District, penned a letter to the Democratic party speaker of the United States House of Representatives, Nancy Pelosi, on Aug. 12.In it, she urged Pelosi to amend the cryptocurrency broker definition in the Senate’s controversial infrastructure bill. Eshoo claims that miners, validators, and....
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Ten members of the U.S. House of Representatives have called on House Speaker Nancy Pelosi to address the problem with the crypto provision in the infrastructure law. They explained that the current definition of a broker in the law “would increase uncertainty in the cryptocurrency industry, pick winners and losers … all while eroding our country’s competitive edge against other countries in the digital asset marketplace.” 10 Lawmakers Urge House Speaker Pelosi to Address the Crypto Provision in Infrastructure Law Ten members of the U.S. House of Representatives....
U.S. Representative Anna Eshoo has asked House Speaker Nancy Pelosi to amend the crypto provision in the $1.2 trillion infrastructure bill that the Senate passed this week. She urged the House to adopt the bipartisan amendment supported by the Treasury Department that provides a solution. Rep. Eshoo Asks Pelosi to Amend ‘Harmful Language’ on Crypto in Infrastructure Bill Congresswoman Anna Eshoo from California announced Thursday that she is fighting “to fix potentially harmful language on cryptocurrency in bipartisan infrastructure bill.” Eshoo wrote a letter to....
Are lawmakers good news for Bitcoin now? Maybe the ones who trade stocks. A new disclosure showed that the big outperformer of the market, Nancy Pelosi, made new big tech trades that sum up to around $2,1 million. The disclosure shook up many traders on Monday. The U.S. House Speaker Nancy Pelosi’s husband, financier Paul […]
The Crypto for Congress initiative has launched. All members of Congress will be given bitcoin as campaign contributions to help them learn about cryptocurrency. The initiative is supported by Congressional Blockchain Caucus members, including pro-crypto Representatives Darren Soto and Tom Emmer. Each Congress Member Receiving Bitcoin Contribution The “Crypto for Congress” initiative has launched, the Chamber of Digital Commerce announced Monday. “Today, all members of the United States Congress will receive a campaign contribution in bitcoin” as part of this....
"This would end the potential corruption of lawmakers pursuing policy outcomes that benefit their portfolios,” said 27 members of the U.S. House of Representatives in a letter calling for a ban on stock trading. Congresspeople currently HODLing or actively trading in crypto may have to stop doing so while in office if recent pushes to ban lawmakers from investing in stocks gain enough support.In a Monday letter addressed to Speaker Nancy Pelosi and Minority Leader Kevin McCarthy, 27 members of the U.S. House of Representatives called for action “to prohibit members of Congress from owning....