As Congress Bickers, the Rest of World Recognizes Stablecoins
As Congress Bickers, the Rest of World Recognizes Stablecoins Source
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Congress
Brazil’s Congress moves to levy higher taxes on cryptocurrencies
Brazilian lawmakers are moving forward with a legislation that would raise taxes on cryptocurrencies held overseas. According to local reports, a congressional committee has approved amendments to a bill that recognizes cryptocurrencies as "financial assets" for tax purposes in foreign investments.In addition, the draft bill taxes gains from fluctuations in
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Congress, Not the SEC, Should Set U.S. Digital Asset Policy
Congress, Not the SEC, Should Set U.S. Digital Asset Policy Source
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Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly
When it comes to crypto issues, bank lobbyists’ usual friendliness with Republicans has sometimes been turned on its head. While crypto lobbyists have liked to say digital assets are nonpartisan, Republicans have generally stepped forward as the industry’s most reliable allies, but a lot of murkiness remains. And the fact
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First major success in US Congress for two crypto bills: Law Decoded
Last week, the United States took a step closer to regulatory clarity for its crypto industry. In a 35–15 vote, the House Financial Services Committee (FSC) approved the Financial Innovation and Technology for the 21st Century Act. The bill is intended to establish rules for crypto firms on when to
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Why Congress Should Pass the H.R. 4766 Stablecoin Bill Now
After the financial crisis, there was a significant period of reform in financial markets, where we gave preference to price stability products that worked properly, such as government money market funds or stable value funds, and penalized, restricted, or increased capital for those which did not work properly, such as
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US Congress reviews bills, aims to establish crypto framework
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied This week, the principal congressional committee reviews multiple bills as they seek to establish a comprehensive regulatory framework for the crypto industry. The occasion marks a pivotal turning point for federal engagement in digital asset regulation, building upon previous
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Circle CEO spells doom scenario for US dollar in warning to Congress
The United States dollar’s place as a global reserve currency will be under threat if Congress isn’t quick to regulate stablecoins, warns the CEO of Circle.On July 13, Jeremy Allaire appeared in a two-minute video by Circle, the issuer of USD Coin (USDC), targeted at lawmakers.It comes as bipartisan digital
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Senators Lummis and Gillibrand set to present crypto bill in Congress, again
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Senators Cynthia Lummis and Kirsten Gillibrand are reviving their proposed Responsible Financial Innovation Act to address ongoing discussions on cryptocurrency regulations. After much anticipation, Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) are set to revisit their
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Gary Gensler Failed the U.S. Crypto Industry, and So Has Congress
Robinhood, eToro and other major brokers have began delisting tokens from some of the most prominent blockchain projects in the space. Many of those projects happen to use proof-of-stake (PoS) algorithms, which guarantee high levels of network security, but have been called into question by SEC Chair Gary Gensler. Source
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