2023-11-16 09:56 |
A letter by a bipartisan group of U.S. lawmakers has urged the U.S. Treasury to revise its proposed digital-assets taxation regime.
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Several American lawmakers voiced their concerns to the U. S. Treasury regarding a proposed taxation scheme for digital assets in a Nov. 15 letter, citing its potential to stifle innovation and adversely affect the digital asset ecosystem.
2023-11-16 03:15 | |
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U. S. Senators Elizabeth Warren and Angus S. King, Jr. are pressing the U. S. Department of the Treasury and the Internal Revenue Service (IRS) to hasten the implementation of recently proposed tax reporting rules for cryptocurrency brokers.
2023-10-12 06:00 | |
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The crypto tax reporting requirements proposed by the IRS in August are currently scheduled to go into effect in 2026 — according to 7 senators, that isn't soon enough.
2023-10-12 00:45 | |
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Three U.S. representatives expressed concerns on Aug. 28 regarding stablecoin and crypto rules recently put forward by the Federal Reserve. Today’s objection was signed by three U.S. representatives: Patrick McHenry, Chairman of the House Financial Services Committee; French Hill, Chairman of the Committee on Financial Services Subcommittee on Digital Assets; and Bill Huizenga, Chairman of […] The post Republican lawmakers object to Fed’s proposed crypto, stablecoin rules appeared first on CryptoSlate.
2023-8-29 22:50 | |
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Crypto investors and their brokerages are waiting for a U.S. tax rule that will completely overhaul how they report their cryptocurrency taxes, but the government isn’t offering any straight answers about its holdup even as prominent lawmakers clamor for the Treasury Department to finish the job.
2023-8-7 19:29 | |
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Rep. Maxine Waters gave Janet Yellen and Gary Gensler a deadline of June 30 to respond to her requests on the “Digital Asset Market Structure” bill proposed by Republican lawmakers.
2023-6-27 22:15 | |
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Maxine Waters did not specifically mention crypto in the proposed legislation, drafted in response to the collapse of Silicon Valley Bank, Signature Bank and First Republic Bank.
2023-6-22 20:20 | |
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In a recent development, Republican members of the House Financial Services Committee have called on the U. S. Securities and Exchange Commission (SEC) to withdraw its proposed rule to redefine the term “exchange.
2023-6-15 10:10 | |
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Republicans on the House Financial Services Committee told the SEC on June 12 to rescind proposed rulemaking concerning crypto exchanges. Republicans oppose broadened definition Specifically, the lawmakers expressed concern with a proposed amendment from the U.
2023-6-14 23:45 | |
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Economic Secretary to the Treasury Andrew Griffith reiterated the government's position that crypto should not be treated like gambling.
2023-6-13 14:41 | |
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Congressmen Brad Sherman and Stephen Lynch called the crypto industry "a major source of tax evasion" in a letter asking for the prompt release of proposed regulations.
2023-6-7 11:39 | |
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Crypto regulation took center stage as Republican lawmakers released a draft bill on Friday. Spearheaded by influential Republican members, Reps. Patrick McHenry and Glenn Thompson, the bill outlines their proposed framework for regulating digital assets.
2023-6-5 11:45 | |
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The framework under the bill would allow certain tokens to qualify as digital commodities if they were decentralized and crack down on the SEC’s previous approach to crypto.
2023-6-3 23:45 | |
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Previously, the bill restricted influencer marketing to only licensed crypto firms, of which there are currently none in France.
2023-5-26 06:04 | |
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A murder case in Seoul over crypto assets compelled lawmakers to push for stronger crypto regulation. The new proposed bill combines 19 distinct crypto-related policies into a single bill.
2023-5-18 16:00 | |
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Several New York lawmakers have thrown their weight behind New York’s new Crypto Regulation, Protection, Transparency, and Oversight (CRPTO) Act. On May 5, New York Attorney General Letitia James revealed a proposed bill that would further extend the scope of regulatory authority over crypto firms.
2023-5-6 20:11 | |
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Recently, French lawmakers proposed an amendment to Bill 790 that would criminalize promoting crypto on social media. The amendment proposes a two-year prison sentence and a €30,000 ($32,600) fine for violators.
2023-4-7 21:41 | |
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Taxing capital gains, mining or crypto transactions are all being examined to fund the bloc’s $185 billion annual spending.
2023-1-24 14:17 | |
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Lawmakers are concerned about Sullivan & Cromwell’s proposed role as the lead law firm in FTX’s bankruptcy proceedings, given its history with the fallen crypto exchange.
2023-1-12 23:12 | |
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The lower house of the parliament voted in favor of adding crypto assets to the scope of activities to be regulated via the proposed Financial Services and Markets Bill – which already seeks to extend payments rules to stablecoins.
2022-10-26 18:31 | |
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Under the proposed amendment, the 2015 legislation would be renamed the Cryptocurrency Cybersecurity Information Sharing Act.
2022-9-29 00:20 | |
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The U.K. has introduced a bill that will allow it to take stronger actions against illegal finance and cryptocurrencies. Legislation Will Allow for Crackdowns U.K. lawmakers have introduced legislation titled...
2022-9-23 00:19 | |
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New York State Senator Kevin Thomas, has proposed a bill that seeks to criminalize illegal crypto rug pulls. The lawmakers of New York state seemed to have been rubbed off the wrong way as it has been passing stringent signals to the crypto industry.
2022-4-28 00:41 | |
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Oklahoma lawmakers are in the final stages of introducing legislation that would make the state the new cryptocurrency mining hub in the United States Called the “Commercial Digital Asset Mining Act of 2022,” the proposed bill would see the state provide various incentives to businesses in “innovative technological industries” that set up shop in Oklahoma.
2022-4-5 22:00 | |
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Proposed anti-money laundering rules are up for a parliamentary committee vote on Thursday along with a separate provision seeking to end anonymous crypto transactions in the European Union.
2022-3-31 20:42 | |
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The European Union will be moving ahead with the proposed Markets in Crypto Assets (MiCA) legislation. However, the legislation will not include a ban on proof-of-work mining. Proof-of-work is a consensus implemented by blockchains such as Bitcoin (BTC/USD) and Ethereum (ETH/USD).
2022-3-28 13:12 | |
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As per local media reports, one of the leading Russian lawmakers has proposed a minimum 15% tax on crypto miners. The post Russian lawmaker proposes 15% tax on crypto miners appeared first on CryptoSlate.
2022-2-7 16:30 | |
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US lawmakers are moving to deny that provisions in a proposed $1 trillion infrastructure bill are intended to be as broad as interpreted by Bitcoin policy groups.
2021-8-5 14:20 | |
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Authorities in the United States have narrowed the scope of the proposed bipartisan infrastructure bill which was initially designed to milk out at least $28 billion from the country’s crypto investors to make up the $500 billion they plan to use for infrastructural development, according to reports on July 2, 2021. A New Language AsRead More
2021-8-3 05:00 | |
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United States lawmakers are looking to impose stricter taxation rules on crypto investors, in a bid to milk out roughly $28 billion from the industry and use it to fund part of the proposed $1 trillion bipartisan infrastructure deal that aims to invest over half a trillion dollars in the country’s public works system, accordingRead More
2021-7-30 21:00 | |
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Paraguayan lawmakers are set to submit a bill aimed at regulating the country’s cryptospace and make it mandatory for bitcoin (BTC) linked businesses to register with the Undersecretariat of State Taxation, according to reports on July 14, 2021.
2021-7-15 19:00 | |
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Lawmakers seem to be attempting to establish a legal framework behind a Central Bank of Iran decision for people to only use crypto from state-licensed mining operations for payments.
2021-7-3 19:32 | |
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“We are going to lead the shift to crypto and fintech in Mexico,” said one senator.
2021-6-9 00:15 | |
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Senator Rob Portman said lawmakers were "still pulling in information" on crypto to formulate the bill, implying he announced it to the public prematurely.
2021-4-21 00:15 | |
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The United States lawmakers proposed a bill to provide clear regulations for the country’s… The post US lawmakers propose a bill to clarify cryptocurrency regulations appeared first on Coin Journal.
2021-3-10 13:49 | |
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While being one of the only financial institutions of its kind within the United States, the Bank of North Dakota is being considered as a potential crypto-custodian. A group of lawmakers in the state government of North Dakota proposed making this a possibility this week.
2021-1-22 00:26 | |
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Two new stimulus packages have been proposed while lawmakers continue to push for second stimulus checks to help Americans cope with the coronavirus-led economic crisis. House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell want to add stimulus measures to the spending bill that must be passed before the Dec.
2020-12-7 03:35 | |
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The South Korean lawmakers are reportedly making plans to push a three-month delay on the imposition of a tax law amendment bill that the government had proposed on virtual currencies. The bill aims to impose income tax on investments in cryptocurrencies like Bitcoin, ETH, and the likes and have been enforced to commence from October […]
2020-11-26 00:23 | |
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South Korean lawmakers have allegedly proposed to delay the upcoming income tax rule on crypto-assets by three months from its scheduled commencement date in October 2021. According to the Dong-a Ilbo, a South Korean media which first reported this news, the law might come into effect later in January 2022.
2020-11-26 20:59 | |
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A new proposal by the Israeli lawmakers might have a massive impact on Bitcoin, as the recent draft proposed to start treating the coin as a currency. If the proposal ends up becoming law, Bitcoin will officially be exempt from tax purposes.
2020-9-26 11:55 | |
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Israeli lawmakers have proposed in a draft new law to treat bitcoin as a currency instead of an asset for tax purposes, local media reported. According to a report from Globes, four legislators from the Yisrael Beiteinu political party presented the Income Tax Ordinance (Taxation of the Sale of Digital Currencies) bill in the Israeli […] The post Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law appeared first on Bitcoin News.
2020-9-26 02:00 | |
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Bitcoin began trading cautiously on Monday as US lawmakers struggled to finalize a stimulus plan following its expiry on July 31. The critical point of difference between Democrats and Republicans continues to be the proposed $1,200 assistance for the unemployed.
2020-8-3 14:00 | |
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US legislators have proposed the development of a US dollar digital currency that will rival the soon to be launched Yuan cryptocurrency. According to the lawmakers, the move would help… The post US Legislators Want USD Digital Currency appeared first on CoinCentral.
2020-7-22 18:18 | |
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Russian lawmakers have proposed new laws that seek to ban the use of bitcoin (BTC) and other cryptocurrencies in the country, local media reported. According to draft bills submitted by a group of deputies to the Russian parliament recently, individuals may face up to seven years in prison and fines of up to $7,000 for […] The post Russia Proposes Law That Criminalizes Buying Bitcoin With Cash, Offenders Face 7 Years in Jail appeared first on Bitcoin News.
2020-5-24 04:05 | |
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Ohio lawmakers have proposed the launch of a blockchain voting pilot in spite of security experts' repeated warnings against any internet-based elections system.
2020-5-7 19:53 | |
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As the COVID-19 crisis has developed in the United States, lawmakers have sought to mitigate the suffering of consumers through stimulus packages. The bipartisan CARES Act passed recently revolves around a plan of sending funds to taxpayers to help stave off financial ruin.
2020-4-20 12:14 | |
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A draft law has been proposed with bipartisan support to exclude from taxation small capital gains of up to $200 when making purchases. The bill says: “Gross income of an... The post American Lawmakers Propose $200 Crypto Tax Exemption appeared first on Trustnodes.
2020-1-20 17:09 | |
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Financial Services Committee Chair Maxine Waters said that she is still not pleased with Facebook's proposed Libra stablecoin.
2019-10-24 03:38 | |
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Mark Zuckerberg will appear before Congress on Wednesday to defend Facebook’s controversial ‘cryptocurrency’ project, Libra. In his prepared remarks, the Facebook CEO will tell lawmakers that America risks losing “financial leadership” to China if they don’t get behind his company’s plan.
2019-10-23 13:07 | |
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The U. S. Congress Democratic committee members are preparing to endorse the Securities and Exchange Commission’s (SEC) stringent regulation of digital assets in their efforts to assert control over the crypto industry.
On Saturday, India’s crypto industry pulled off a near coup by bringing senior leaders from India’s ruling party and the opposition benches to an event to engage in serious discussions.
Despite groundbreaking work occurring within Bitcoin, our “progressive” leaders continue to make backwards progress.
Hawaiian lawmakers have submitted a bill that allows banks to provide custody for digital assets.