News
The Blockchain Association urged Congress to exempt low-dollar crypto transactions and tax mining and staking rewards upon sale.
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Bills News
A bill is a request to pay money owed. As cryptocurrency has become widely spread, a lot of platforms allowing people to pay bills in Bitcoin or any other altcoins have appeared. Paying bills using Bitcoin is an innovative process with many advantages, such as fast and convenient transaction processing and the luxury of now needing to leave home. Besides that, related to bills requesting financial structures are considering the implement of blockchain technology in order to have distributed and transparent system with which the loss or damage of any information about a payment will become impossible and, with a special digital key, the access to a user's bill history will be available at any place and time.
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White House crypto adviser Patrick Witt reportedly refocused crypto and bank lobby talks on a crypto bill to allow stablecoin rewards tied to transaction activity.
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Coin Center said internet and cloud hosting providers aren’t prosecuted when criminals misuse their platforms, arguing crypto developers shouldn’t be either.
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Bitwise’s Matt Hougan says crypto will have to “wrestle with prolonged regulatory grind and skepticism” if the US fails to pass a market structure bill.
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US Senator Roger Marshall filed an amendment last week that would have forced companies to compete on swipe fees.
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The amendments marked the latest Democratic Party-driven push to prevent US officials from profiting off of crypto interests.
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The Senate Banking Committee is backing Donald Trump’s move to bar institutions from buying family homes, which could delay the market structure bill, Bloomberg reports.
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As Republicans look to notch policy wins ahead of the midterms, Trump advisor Patrick Witt says the market structure bill must include compromises to advance in the Senate.
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The Republican and Democratic Senate Judiciary leaders have called for changes to the market structure bill, arguing it would “weaken” the ability to police money transmitters.
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A top Russian lawmaker says crypto “will be a common occurrence” in the country, with plans for a bill to deregulate the market for retail use.
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Senate Banking Committee Chairman Tim Scott says further negotiations to garner bipartisan support for a key crypto-regulating bill are needed before it can advance.
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Securities and Exchange Commission chair Paul Atkins voiced strong support for the bipartisan legislation aimed at moving crypto markets out of a regulatory gray zone.
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Senate Agriculture Committee Chairman John Boozman says he’s delayed work on a crypto market structure bill to have more time to secure bipartisan support.
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A series of ads reportedly aired on Fox News, calling on the public to contact their senators to remove DeFi provisions from the CLARITY Act bill.
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New York lawmakers will soon review a bill that seeks to ban certain sports and political event contracts in the state, among others.
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