The crypto industry has been witnessing a huge shift ever since Donald Trump started his presidency in the United States in 2024. Apart from promising to make the US a crypto capital, Donald Trump swiftly ventured into the industry and started several projects. His “Official Trump” memecoin and DeFi project,
Republican Senators Cynthia Lummis (WY) and Bernie Moreno (OH) are sounding the alarm on potential tax pitfalls facing companies holding digital assets. In a recent letter to Treasury Secretary Scott Bessent, the two lawmakers urged the department to clarify how the Corporate Alternative Minimum Tax (CAMT) applies to unrealized gains
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
Senator Cynthia Lummis (R-WY) has accused the Federal Deposit Insurance Corporation (FDIC) of misconduct in handling cryptocurrency oversight. In a letter to FDIC Chair Marty Gruenberg, Lummis alleged whistleblowers reported document destruction and employee intimidation linked to the agency’s crypto activities. Whistleblowers claimed the FDIC destroyed critical records and restricted
Jon Tester, the senior senator from Montana, has held that position since 2007. In fact, he serves on the Senate Banking Committee and is a significant figure in US crypto regulations. On Dec 11, NBC’s news conference stated that there is “no reason why crypto should exist.” He also claimed
U.S. Senator Ted Cruz of Texas expressed his support for bitcoin. Bitcoin is down 0.17% in the last 24 hours. Senator Ted Cruz of the United States claims that one of the reasons he is so enthusiastic about bitcoin is because it is decentralized and not controlled. And he went
The Mexican Senator of Nuevo Leon plans to accept Bitcoin (BTC). Indira Kempis Proposes to legalize BTC as legal tender in Mexico. The Senator follows the footprints of El Salvador to adopt BTC. As the Mexican Senator, Indira Kempis is very eager to make the country a crypto-friendly space, she
The Senate advances a bipartisan infrastructure plan to collect extra taxes from the crypto investors and fund a $550 billion investment for transports and other utilities. The crypto-market is already dealing with issues from regulators in many countries, and now it is being burdened with additional-taxes. As the crypto industry
U.S. Senator Cynthia Lummis recommends crypto-friendly retirement plans by turning Bitcoin and other cryptocurrencies as retiral wage for the U.S citizens. Senator Lummis about Crypto Future During the CNBC Financial Advisor Summit held on 29th June, 2021 Senator Cynthia revealed her ideal crypto future. Cynthia opens up saying that she
