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Resolution to kill IRS DeFi broker rule heads to Trump’s desk


The US Senate has passed a resolution to kill a Biden administration-era rule to require decentralized finance (DeFi) protocols to report to the Internal Revenue Service, which will now head to US President Donald Trump’s desk.On March 26, the Senate voted 70-28 to pass a motion repealing...

What to expect at Paul Atkins’ SEC confirmation hearing


Former US Securities and Exchange Commission (SEC) member Paul Atkins is scheduled to appear before lawmakers in the Senate Banking Committee on March 27 as part of the Trump administration’s efforts to get the President’s picks into high-level government positions.Since Donald Trump...

What to expect at Paul Atkins’ SEC confirmation hearing


Former US Securities and Exchange Commission (SEC) member Paul Atkins is scheduled to appear before lawmakers in the Senate Banking Committee on March 27 as part of the Trump administration’s efforts to get the president’s picks into high-level government positions.Since US President...

Paul Atkins closes in on SEC chair role amid setbacks: Report


Paul Atkins could move one step closer to becoming the US Securities and Exchange Commission’s new crypto-friendly chair, with a Senate committee hearing reportedly in the works for March 27.President Donald Trump nominated Atkins to lead the SEC on Dec. 4, but his marriage into a billionaire...

Senate Committee Advances 2 Major Bills to Overhaul Stablecoins and Banking


The Senate Banking Committee has advanced bills on stablecoin regulations and financial fairness, aiming to protect consumers, strengthen security, and prevent politically motivated debanking. Key Bills on Stablecoins and Financial Fairness Advance The U.S. Senate Committee on Banking, Housing,...

Senate Banking Committee advances GENIUS stablecoin bill


The United States Senate Banking Committee elected to advance the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in an 18-6 vote.None of the amendments proposed by Senator Elizabeth Warren made it into the bill, including her proposal to limit stablecoin issuance...

Senate Banking Committee advances GENIUS stablecoin bill


The United States Senate Banking Committee elected to advance the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in an 18-6 vote.None of the amendments proposed by Senator Elizabeth Warren made it into the bill, including her proposal to limit stablecoin issuance...

US House follows Senate in passing resolution to kill IRS DeFi broker rule


The US House of Representatives has voted in favor of nullifying a rule that would have required decentralized finance (DeFi) protocols to report to the Internal Revenue Service.On March 11, the House of Representatives voted 292 for and 132 against a motion to repeal the so-called IRS DeFi broker...

US House follows Senate in passing resolution to kill IRS DeFi broker rule


The US House of Representatives has voted in favor of nullifying a rule that would have required decentralized finance (DeFi) protocols to report to the Internal Revenue Service.On March 11, the House of Representatives voted 292 for and 132 against a motion to repeal the so-called IRS DeFi broker...

US House follows Senate in passing resolution to kill IRS DeFi broker rule


The US House of Representatives has voted in favor of nullifying a rule that would have required decentralized finance (DeFi) protocols to report to the Internal Revenue Service.On March 11, the House of Representatives voted 292 for and 132 against a motion to repeal the so-called IRS DeFi broker...

US House follows Senate in passing resolution to kill IRS DeFi broker rule


The US House of Representatives has voted in favor of nullifying a rule that would have required decentralized finance (DeFi) protocols to report to the Internal Revenue Service.On March 11, the House of Representatives voted 292 for and 132 against a motion to repeal the so-called IRS DeFi broker...

US stablecoin bill gets update ahead of Senate banking group vote


US Senate Banking Committee is set to vote on a Republican-led stablecoin framework bill on March 13, after it was updated following consultation with committee Democrats.GOP Senator Bill Hagerty, one of the bill’s co-sponsors, said on March 10 that he introduced an update of the Guiding...

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