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Congress Passes $1.2 Trillion Infrastructure Bill — Crypto Advocates Criticize Amended Broker Definition, Tax Code 6050I
7.11.2021
Congress has passed the Biden administration’s bill aimed at improving infrastructure, fighting climate change, and bolstering social services. The $1.2 trillion infrastructure bill, which also expands the definition of a broker, awaits U.S. president Joe Biden’s signature after...
US Lawmakers Propose to Subject Cryptocurrencies to Wash Sale Rule
17.9.2021
A committee of the U.S. House of Representatives has proposed to subject cryptocurrencies to the “wash sale” rule. Since cryptocurrencies are treated as property by the Internal Revenue Service (IRS), they are currently not subject to the wash sale rule. This proposal attempts...
Brian Armstrong Meets With Fed Chair Jerome Powell – ‘US Needs to Be a Major Crypto Player to Stay Relevant’
4.7.2021
According to Jerome Powell’s conference calendar, the CEO of Coinbase, Brian Armstrong, met with the Federal Reserve chairman and former House of Representatives Speaker Paul Ryan to speak about the implications of digital currencies. The meeting’s details are unclear but most of...
Bipartisan bill to study blockchain and crypto passes US House of Representatives
24.6.2021
The Consumer Safety Technology Act passed quickly in the House, and if enacted would require the study of blockchain tech and digital tokens
Nigerian Lawmakers Slam Naira Devaluation, Warn of Inflation Implications
11.6.2021
Nigeria’s House of Representatives has moved a motion calling on the country’s central bank to end the continuing devaluation of the naira. In his unanimously adopted motion, House Representative Bamidele Salam warned the Central Bank of Nigeria (CBN) of the negative “implications...
US State Passes Resolution Commending Satoshi Nakamoto and Bitcoin
24.4.2021
The U.S. state of Louisiana has passed a resolution to commend bitcoin for its success as well as commend the cryptocurrency’s pseudonymous creator, Satoshi Nakamoto, “for his contribution to economic security.” State Resolution Recognizing Satoshi and Bitcoin The Louisiana House...
US House Passes Bill Mandating SEC and CFTC to Establish Working Group Focused on Digital Assets
22.4.2021
The U.S. House of Representatives has passed a crypto-related bill introduced by pro-bitcoin Congressman Patrick McHenry. It requires the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to establish a working group focused on digital assets. Bill...
Dutch Political Candidate Puts up ‘Bitcoin Is the Future’ Billboards With Laser Eyes
16.3.2021
Billboards saying “Bitcoin is the future,” featuring laser eyes, can now be seen in the Netherlands. They are part of an election campaign for Robert Valentine, the chairman of the Dutch Libertarian Party and candidate for the upcoming parliamentary election. Dutch Pro-Bitcoin...
Crypto anti-terrorism bill introduced in the US House of Representatives
15.1.2021
A bipartisan group of representatives has introduced a bill to the House that seeks to create a task force focused on combating terrorist financing via cryptocurrencies
Blockchain Proposals Move to US House in Consumer Tech Bill
10.9.2020
The Consumer Safety Technology Act will now be debated in the House of Representatives
US House Passes Two Blockchain Amendments in Annual Defense Budget Bill
23.7.2020
The U.S. House passed two provisions introduced by Rep. Darren Soto of Florida
US Lawmaker Proposes Legislative Groundwork for National Blockchain Strategy
20.5.2020
A new bill in Congress asks the U.S. Federal Trade Commission to consider a national blockchain strategy
‘Digital Dollar’ Reintroduced by US Lawmakers in Latest Stimulus Bill
16.4.2020
The idea of a digital dollar was again floated by U.S. lawmakers as a means of issuing stimulus payments to residents
$2,000 a Month: US Lawmakers Propose Basic Income for Americans to Cope With Covid-19 Economy
16.4.2020
Democrats from the House of Representatives have introduced legislation that would pay eligible Americans $2,000 a month until U.S. unemployment numbers return to pre-covid-19 levels. Under the proposal, any American citizen 16-years or older making less than $130K per year would receive monthly...
The Overton Window Opens for a Digital Dollar
25.3.2020
As the federal government looks for ways to distribute coronavirus aid, support for a digital dollar is gaining steam in Washington D.C
US House Committee to Hold Hearing on Blockchain Benefits for Small Businesses
28.2.2020
The Committee on Small Business will discuss how blockchain technology can help startups in March
Fed Chair Powell Reveals US Response to China’s Digital Yuan, Libra, Public Payments Ledger
12.2.2020
In his testimony before the House Financial Services Committee, Federal Reserve Chairman Jerome Powell answered a number of questions regarding digital currencies. While stating that “a ledger where you know everybody’s payments” is not a problem in China, he believes it is...
The Uighur Act of 2019 Receives Bipartisan Support in the US House of Representatives
4.12.2019
The conflict between the United States and China seems to have proliferated to many dimensions. Along with trade clashes, the two nations have recently been engaged in a political battle, as well. After a week the U.S. President Trump signed legislation in support of anti-government protestors...
Agorism and Bitcoin: Free People Don’t Ask Maxine Waters for Permission
30.8.2019
Anti-agorism Congressional Representative Maxine Waters still has misgivings about Facebook’s proposed Libra digital currency, even after meeting with Swiss government officials to discuss the tech last week. The sustained reservations echo the message of July’s open letter from...
Crypto Tax Bill Introduced in the US House of Representatives
7.8.2019
A U.S. lawmaker has introduced a bill that, once law, would free up cryptocurrencies from double taxation under current regulations