2022-7-26 12:00 |
Prominent U.S. senators are trying to free Americans from tracking taxes every time cryptocurrencies change hands, introducing a bill that would exempt them from reporting any transactions up to $50 or any trade in which they earn less than $50.
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Similar initiatives have previously been introduced in two other bills still sitting in Congress, but there’s been little indication that they will be voted into law anytime soon. Senators Introduce...
2022-7-26 14:48 | |
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The Responsible Financial Innovation Act (RFIA), a bipartisan bill introduced in June by US Senators Cynthia Lummis and Kirsten Gillibrand, may not be passed until next year. Speaking during Bloomberg’s Crypto summit on Tuesday, the two senators noted that there was still a lot of work to be done on the said bill. The biggest […]
2022-7-20 15:55 | |
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Senator Cynthia Lummis said that non-crypto-versed Senators will need some time to understand and digest the proposals.
2022-7-20 08:58 | |
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The bipartisan crypto bill by US Senators Cynthia Lummis and Kirsten Gillibrand is unlikely to go to a vote this year, Lummis said on Tuesday. According to the lawmaker, the crypto legislation might see a Senate vote in 2023, noting that the bill still has to go through various committees.
2022-7-20 23:23 | |
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The senators seek comments from industry stakeholders, consumers and interested parties.
2022-6-24 12:45 | |
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The senators introduced new approaches to familiar questions concerning digital assets and decide how to divide regulatory responsibilities.
2022-6-23 17:43 | |
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Senators confirmed that Bitcoin and Ether will be classified as commodities and regulated by the CFTC.
2022-6-14 22:01 | |
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The crypto community in the US is staring at tough times ahead after a bipartisan bill that was leaked suggested tougher regulations on the nascent sector. The bill was drafted by Senators Cynthia Lummis and Kirsten Gillibrand and comes barely four months after President Joe Biden issued an executive order directing his administration to begin […]
2022-6-8 21:52 | |
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Senators Cynthia Lummis and Kirsten Gillibrand proposed the Responsible Financial Innovation Act on 7 June. This is the first attempt to build a comprehensive regulatory framework regarding digital asThe post The A to Z of the landmark crypto bill and the community's reactions to it appeared first on AMBCrypto.
2022-6-8 20:30 | |
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Rostin Behnam, the chief of the Commodity Futures Trading Commission, likes what he sees in a new bill from Senators Cynthia Lummis and Kirsten Gillibrand that would establish his agency as a significant crypto regulator in the U.S.
2022-6-8 19:02 | |
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The long-anticipated crypto bill from Senators Cynthia Lummis and Kirsten Gillibrand that balances the need for consumer protections and financial innovation surfaced Tuesday. The post Crypto Bill Penned by Senators Lummis and Gillibrand Sees Light of Day appeared first on BeInCrypto.
2022-6-8 01:30 | |
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Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) have unveiled a new bipartisan bill concerning crypto regulation. Dubbed the Responsible Financial Innovation Act, the bill represents the most comprehensive piece...
2022-6-7 16:16 | |
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A wide-reaching, bipartisan crypto bill finally emerged Tuesday from U. S. Senators Cynthia Lummis (R-Wyo. ) and Kirsten Gillibrand (D-N. Y. ), who are seeking to extend a comprehensive set of regulations across digital assets in the U.
2022-6-7 12:00 | |
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Senators Cynthia Lummis and Kirsten Gillibrand are ready to present a draft bill on crypto regulations to the United States senate. According to a report from Politico, this is a first-of-its-kind bill aimed at totally incorporating digital assets into the United States financial system.
2022-6-7 09:20 | |
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Senators Cynthia Lummis and Kirsten Gillibrand will introduce the Responsible Financial Innovation Act for regulatory clarity for bitcoin and cryptocurrencies.
2022-6-7 23:30 | |
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Three U.S. senators introduced a bill that would prohibit U.S. based platforms from enabling transactions that support China's digital yuan. The post U.S. Bill Seeks to Ban China’s Digital Yuan From App Stores, Chinese Embassy Calls It ‘Bullying’ appeared first on BeInCrypto.
2022-5-28 21:17 | |
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Three U.S. senators introduced a bill that would prohibit U.S. based platforms from enabling transactions that support China's digital yuan. The post U.S Bill Seeks to Ban China’s Digital Yuan From App Stores, Chinese Embassy Calls It “Bullying” appeared first on BeInCrypto.
2022-5-27 21:17 | |
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The bipartisan duo of Kirsten Gillibrand and Cynthia Lummis hope their bill to establish guardrails around the digital assets industry could get votes as soon as next year.
2022-5-24 23:07 | |
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Colorado senators are considering a bill “to study the feasibility of using security token offerings for state capital financing” entitled “Security Token Offerings State Capital Financing.
2022-5-8 19:00 | |
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Democrat Senator Kirsten Gillibrand (D, NY) and well-known pro-crypto Senator Cynthia Lummis (R, WY) have drafted a proposal exempting crypto capital gains of less than $600 from being taxed. The post Senators Propose New Crypto Bill Limiting Capital Gains Tax appeared first on BeInCrypto.
2022-5-2 16:00 | |
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Senator Cynthia Lummis has won support from a Democrat senator for her new digital asset bill.
2022-3-26 16:19 | |
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Last week United States Senator Elizabeth Warren (D-MA), along with ten other democrat senators, introduced a bill to block cryptocurrency companies from conducting business with sanctioned companies, fearing cryptocurrencies might constitute a vehicle for evading sanctions against Russia in the ongoing war with Ukraine.
2022-3-25 22:00 | |
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The Say No To the Silk Road Act stems from not only the well-known privacy concerns around the Chinese CBDC, but also from worries it could be a tool to evade sanctions.
2022-3-11 00:39 | |
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Bipartisan senators present a bill to combat the risks facing America as a result of El Salvador’s Bitcoin Law. The bill highlights concerns over how it affects US sanctions and money laundering.
2022-2-21 23:41 | |
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Four members of the Wyoming Legislature have backed a bill proposal that would see the State Treasurer issue a stablecoin. Wyoming State Senators Tara Nethercott and Chris Roth fuss together with House representatives Mike Yin and Jared Olsen, introduced the Senate file SF0106 on Thursday.
2022-2-21 07:00 | |
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President Bukele reacted to a U. S Senate bill on El Salvador’s Bitcoin Law by saying, “stay out of our internal affairs. ” The bill, titled “Accountability for Cryptocurrency in El Salvador (ACES) Act,” calls for the State Department to assess El Salvador’s adoption of Bitcoin with a view to “mitigate potential risks” to the United States financial […] The post Bukele tells U.
2022-2-17 17:30 | |
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Everything surrounding the ACES act is almost comedic. U. S. Senators Jim Risch, Bob Menendez, and Bill Cassidy introduced the “Accountability for Cryptocurrency in El Salvador” AKA the ‘‘ACES Act.
2022-2-17 11:33 | |
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Three U.S. senators proposed a bill that would commission a lengthy report detailing the inner workings of El Salvador’s Bitcoin Law and a subsequent action plan to mitigate risk.
2022-2-17 08:23 | |
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US senators Ron Wyden and Cynthia Lummis rush to tweak the controversial crypto provision, in an effort to narrow some of the new tax reporting rules outlined in the $1,2 trillion infrastructure bill President Joe Biden signed into law on Monday, Bloomberg reported.
2021-11-17 06:30 | |
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On Monday, President Joe Biden signed the $1 trillion infrastructure bill that contains the controversial over-reaching cryptocurrency tax definition. The bill-signing ceremony was held on the White House South Lawn, where members of both parties came as a bipartisan show of support for the new legislation.
2021-11-17 19:31 | |
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A pair of U.S. senators are introducing a bill to limit some of the cryptocurrency tax reporting rules in President Biden’s infrastructure legislation. The post U.S. Senators Introducing Bill Limiting Crypto Tax in Biden’s Plan appeared first on BeInCrypto.
2021-11-17 19:05 | |
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A bipartisan team of US senators is introducing a bill to clarify what entities should report cryptocurrency transactions to the IRS.
2021-11-17 22:22 | |
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A separate bipartisan bill aims to soften new cryptocurrency tax reporting requirements
2021-11-15 21:41 | |
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A pair of US Senators recently announced a new bipartisan bill which would improve the oversight of foreign crypto mining facilities. The post US Senators Introduce Bill to Track Foreign Crypto Mining appeared first on BeInCrypto.
2021-9-29 06:57 | |
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U.S. senators have introduced a new bill to prevent the U.S. from falling behind other countries when it comes to crypto regulations
2021-9-27 18:23 | |
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Cardano founder, Charles Hoskinson has acridly berated the recently-passed crypto-bill by US Senators Portman (R-OH) and Warner (D-VA) as a malicious and incompetent attempt at stifling innovation and progress within the now-embattled US Crypto space.
2021-8-11 00:05 | |
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Senators have come to an agreement about the much-debated cryptocurrency amendment to the Infrastructure Bill. The post Senate Agrees on Bipartisan Deal for Crypto Amendment in Infrastructure Bill appeared first on BeInCrypto.
2021-8-10 23:00 | |
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Senators Toomey and Lummis held a press conference today focusing on a proposed amendment to a bill they fear could stifle Bitcoin.
2021-8-10 21:47 | |
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Over the weekend, the Senate voted 68-29 on the controversial bipartisan infrastructure bill to end the debate. However, the crypto community remains hopeful that the bill might get the amendment before the final vote on Tuesday.
2021-8-10 16:11 | |
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The highly respected and opinionated CEO of Tesla and SpaceX, Elon Musk, has joined in speaking against the last-minute amendment made by Senators Rob Portman and Mark Warner to the recent crypto taxation provision suggested by Senators Patrick Toomey, Ron Wyden, and Cynthia Lummis.
2021-8-9 15:59 | |
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Perianne Boring, the founder and president of the Digital Chamber of Commerce, provided details about the proposed amendment Saturday afternoon.
2021-8-9 23:05 | |
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Tesla CEO Elon Musk has weighed in on the discussion surrounding a proposed crypto tax provision. The provision, part of the infrastructure bill, will go to a vote on August 7. Meanwhile, United States senators Patrick Toomey, Ron Wyden, and Cynthia Lummis have suggested an amendment to that provision, working in favor of Proof of Work miners.
2021-8-7 13:34 | |
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Janet Yellen's position on a "compromise" amendment proposed yesterday is unclear, but she reportedly raised objections to the language on crypto put forth by Senators Wyden, Lummis and Toomey.
2021-8-7 20:18 | |
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Senators Rob Portman and Mark Warner proposed an amendment on Thursday to the crypto tax reporting rule that was tabled days earlier by the senate infrastructural bill’s cryptocurrency provision. The new amendment states briefly that the proposed reporting requirements exclude proof-of-work mining as well as the sale of software and hardware that support hot and […]
2021-8-7 16:55 | |
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The cryptocurrency industry’s last-minute lobbying push to amend provisions in the bipartisan infrastructure bill that was completed over the weekend could succeed in eliminating some of the Internal Revenue Service (IRS) scrutiny that stakeholders in the sector would face.
2021-8-5 20:00 | |
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Three U.S. Senators have sent an amended version of the cryptocurrency regulation in the infrastructure bill, changing the definition of a broker to exclude certain entities. The post US Senators Provide Crypto-Related Amendment in Infrastructure Bill appeared first on BeInCrypto.
2021-8-5 13:03 | |
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Meanwhile, senators Pat Toomey and Ron Wyden are calling to “fix” crypto tax provision in the bipartisan infrastructure bill. The post Developers and Miners ‘Not’ Forced to Comply, says Spokesperson of Sen.
2021-8-3 16:14 | |
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New York state senators walked back portions of a bill seeking to pause bitcoin mining, now attempting to block only carbon-based operations.
2021-6-10 19:34 | |
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The Nebraska state legislature has approved a bill that would allow banks in the state to offer cryptocurrency services to customers. Nebraska's Crypto Banking Charter Bill Nebraska state senators have voted for the bill that would allow banks to register as cryptocurrency depositories and offer crypto trading services to customers.
2021-5-11 21:14 | |
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Аналог Notcoin - Blum - Играй и зарабатывай Монеты
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The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.
Standard Chartered chose Dubai to launch crypto services from. However, reading between the lines, almost anywhere is preferable to the U.S. – that’s the message coming from banks and large institutions.
The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.
Two years earlier, the exchange was warned by Japanese regulators that it was operating in the country without permission.