U.S. Lawmakers Urge Treasury to Revise Proposed Crypto Tax Rules
A letter by a bipartisan group of U.S. lawmakers has urged the U.S. Treasury to revise its proposed digital-assets taxation regime. Original Source
Read More
Lawmakers
Crypto-Friendly U.S. Lawmakers Ask Biden, Yellen to Quantify Hamas’ Digital Asset Fundraising
"Congress must understand the size, scope, and duration of Hamas’s digital asset operations, as well as whether the United States has had success in seizing illicit digital assets," the letter said. "It is important to understand the scope of Hamas’s digital assets fundraising campaign in the context of its traditional
Read More
U.S. lawmakers establish CLARITY Act to shutdown federal ties to Chinese blockchain
U.S. Representatives Zach Nunn and Abigail Spanberger have introduced the CLARITY Act of 2023, a bill aimed at prohibiting federal officials from transacting with Chinese blockchain companies to safeguard national security interests. In a bipartisan initiative, Representatives Zach Nunn and Abigail Spanberger introduced the Creating Legal Accountability for Rogue Innovators and
Read More
US lawmakers introduce CLARITY Act to limit federal ties with Chinese blockchain
United States Representatives Zach Nunn and Abigail Spanberger have jointly introduced the Creating Legal Accountability for Rogue Innovators and Technology Act of 2023, or the CLARITY Act of 2023. The legislation aims to prohibit federal government officials from conducting business with Chinese blockchain companies.The Act would ban government employees from using the
Read More
Kenyan lawmakers ask local Blockchain Association to come up with crypto bill
Kenya might become the first country in the world where the industry’s representatives would develop the regulatory framework for crypto. According to the Blockchain Association of Kenya (BAK), The National Assembly’s Departmental Committee on Finance and National Planning has directed it to prepare the first draft of “what could become
Read More
WSJ debacle fueled US lawmakers’ ill-informed crusade against crypto
Following October’s tragic events in Israel, a narrative linking Hamas funding to cryptocurrencies emerged from The Wall Street Journal in an Oct. 10 story authored by the paper’s Angus Berwick and Ian Talley. It fueled Sen. Elizabeth Warren’s crusade against the crypto sector. Subsequent insights from Chainalysis and Elliptic cast
Read More
Taiwanese Lawmakers Introduce Virtual Asset Management Ordinance Bill
Unlike crypto rules in neighboring Hong Kong, the bill doesn't take a strong position on derivatives or stablecoins. It does, however, acknowledge that derivatives linked to virtual assets have unique characteristics (perpetual contracts are mentioned specifically) that may not fully align with traditional financial regulations, opening the door to crypto
Read More
Lawmakers Lummis and Hill Urge DOJ Decision on Charging Binance and Tether for Aiding Hamas
U.S. lawmakers Senator Cynthia Lummis (R-Wy.) and Rep. French Hill (R-Ark.) have urged the Department of Justice to "expeditiously conclude" investigations and reach a decision on charging Binance and Tether for aiding terrorism financing for Hamas. Source
Read More
US lawmakers discuss digital assets and the House gets a new Speaker
Members of the United States House of Representatives have chosen Mike Johnson to be the body’s next speaker — the second in line to the U.S. presidency and a very powerful figure in Congress. In an Oct. 25 vote, all 220 Republicans present in the House voted for Johnson, while 209
Read More
Crypto-Terrorism Concerns? Senator Warren And 100 Lawmakers Push Biden For Swift Response
In the middle of escalating tensions between Israel and Hamas, over 100 legislators, led by Senators Elizabeth Warren and Roger Marshall and
Read More