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US Lawmakers Create ‘Congress’ First Ever’ Digital Assets Subcommittee


U.S. Congress’ “first ever” subcommittee on digital assets has been created as part of the House Financial Services Committee. “We want to create a regulatory legal framework for digital assets … that makes America a leader from an innovation point of view but also protects...

El Salvador Approves Digital Assets Issuance Law


The Legislative Assembly of El Salvador approved the Digital Assets Issuance Law, a framework that will allow the country to issue crypto-related debt instruments. The approved law, which was passed thanks to the majority that President Nayib Bukele has in Congress, serves as a base for...

Congressman Does Leeroy Jenkins Impression Amid Republican Meltdown


Since Tuesday, Rep. Kevin McCarthy (R-Calif.) has lost six rounds of voting to become the next Speaker of the House in Congress. These humiliating defeats have left the legislative branch of the U.S. Government in limbo and even led one bored congressman to go full Leeroy Jenkins on the House floor...

FTX, Congress, Stablecoins: What 2023 May Bring for Crypto Regulations


Can you believe this year started off with U.S. law enforcement officials arresting two individuals in connection with the 2016 Bitfinex hacked funds? For this week’s newsletter, the 102nd since we first launched in 2021, I asked CoinDesk’s Policy Team what they’re looking out for this upcoming year

US Government Delays Tax Reporting Rules for Cryptocurrency Brokers


The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S. Congress in 2021, were to be imposed in 2023. Crypto...

President of Brazil Sanctions Cryptocurrency Law


President Jair Bolsonaro has approved law 14.478, which regulates cryptocurrency-related operations and virtual asset service providers (VASPs) in Brazil. The document, approved on the last day of the period allowed, will begin to be applied 180 days after its sanction. This will give all parties...

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