Cryptocurrency Analysis and News Portal
Warren has been advocating for her legislation meant to target money laundering and sanctions abuses in crypto, which is co-sponsored by Marshall. The bill, which crypto lobbyists have argued would pose significant threats to the industry in the U.S., hasn't yet found any traction at the committee level so remains
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Seven members of the United States Senate have called on the Treasury Department and Internal Revenue Service (IRS) to advance a rule imposing certain tax reporting requirements for crypto brokers “as swiftly as possible”.In an Oct. 10 letter to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, a group
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The development of a central bank digital currency (CBDC) by the European Central Bank (ECB) faces pushback from European lawmakers. According to an Oct. 5 report by DL News, member of European Parliament Stefan Berger confirmed there will be no imminent decision by the ECB on implementing a digital euro. Berger
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Lawmakers in the United States have finally put their foot down and demanded that the US SEC Chairman approve Grayscale’s spot Bitcoin
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Bitcoin ETFs provide an easy way for investors to put their funds into the cryptocurrency market. The crypto industry is rife with anticipation for the Securities and Exchange Commission (SEC) to approve spot Bitcoin exchange-traded fund (ETF) applications. However, the extended clamor may now have the right backing as four members
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Four members of the United States Congress are requesting Securities and Exchange Commission (SEC) chair Gary Gensler “immediately” approve the listing of spot Bitcoin (BTC) exchange-traded funds, or ETFs.In a Sept. 26 letter to Gensler, U.S. Representatives Mike Flood, Wiley Nickel, Tom Emmer and Ritchie Torres claimed the SEC was
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The U.S. Securities and Exchange Commission (SEC) should listen to the courts and give up its efforts to block exchange traded funds (ETFs) holding bitcoins, a bipartisan group of lawmakers argued in a letter to SEC Chair Gary Gensler. Source
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As Brazilian lawmakers discuss a bill that would grant strong protection to a sizable portion of the savings assets of debtors, a separate initiative is seeking to include crypto in the latest version of the bill.Bill 4.420/2021, authored by Deputy Carlos Bezerra, is currently being considered by the Committee on
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The United States House Financial Services Committee is moving forward with legislation aimed at preventing the issuance of a central bank digital currency. According to an announcement from chairman Patrick McHenry, the Committee will mark up two bills about a potential digital dollar on Sep. 20. Markups are sessions in which
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European lawmakers overwhelmingly approved the DAC8 directive, empowering tax authorities to oversee and regulate cryptocurrency transactions within the EU. On Sept. 13, the proposal got 535 member votes in favor, only 57 against, and 60 abstentions. The DAC8 will enable tax authorities to monitor and regulate all cryptocurrency transactions conducted by
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