The House Republicans have introduced a new Digital Asset Market Structure Discussion Draft on May 5. The draft is focused on cutting the dominance of big crypto companies and increasing participation in the wider market, according to an official from Paradigm. Glenn Thompson and French Hill, the House agricultural and
Arizona’s Strategic Digital Assets Reserve Bill SB 137, has moved closer to becoming law after clearing the House Committee of the Whole on April 17. The bill now heads for a final House reading and floor vote. If approved, it will be forwarded to Governor Katie Hobbs for official review.
Lawmakers in North Carolina have announced a new bill aimed to allow the use of digital assets in official economic functions. The proposal named Digital Asset Freedom Act, allows digital assets to be used in payment of taxes all around the state. In addition to that, the bill offers a
U.S. Senator Tommy Tuberville has announced plans to introduce a bill that would allow Americans to invest their retirement savings in Bitcoin and other cryptocurrencies. The proposed legislation expands retirement planning possibilities because digital assets are gaining popularity throughout American regions. According to the Senator, the legislation moves forward through
The Ministry of Revenue introduced the taxation bill. This new proposal is to implement the crypto-reporting framework created by the Organisation for Economic Cooperation and Development (OECD). This was introduced by Hon Simon Watts on 26 August 2024. The proposals will take effect from 1 April 2026, with the first
In recent years with the current market hacks and money laundering. To combat this, The US is coming forward by proposing a bill to expand Secret Service powers in the crypto crime fight. In a bipartisan effort to combat cryptocurrency-related crime, US Senators Catherine Cortez Masto (D-Nevada) and Charles Grassley
The United Kingdom has passed a landmark bill recognizing cryptocurrencies as regulated financial activities within the country. This significant decision by the UK government has marked a great turning point in the global crypto market. It reflects the growing acceptance and understanding of the potential of cryptocurrencies. On June 29,
The North Carolina House of Representatives has passed a bill, “HB690,” that prohibits individuals from using central bank digital currencies (CBDCs) to make payments to the state. The legislation also prohibits the Federal Reserve from using North Carolina as a potential testing ground for its own CBDC pilot. The bill
Texas, the leading Bitcoin mining capital of the world, is just a phase away from passing the most significant anti-Bitcoin mining bill. On Tuesday, the State Committee in Austin approved the bill with zero opposition votes, moving it to the “uncontested” list. Currently, it is in the queue in the
US Senators Proposed a tax-free bill for small crypto transactions. The bill demands cryptocurrency transactions less than $50 be exempt from taxation. Famed US Senators have proposed a new bill that would exempt modest crypto transactions from capital gains taxes. A proposed bill attempts to exempt Americans from keeping track
