U.S. Lawmakers continue to advance digital asset regulations as the Senate moves closer to introducing dedicated cryptocurrency tax legislation. Senator Steve Daines revealed that Republican senators had already developed the framework. During an interview with Bloomberg Tax, Sen. Steve Daines said, “sooner rather than later”. He also said, “We’ve put
Fed chair Kevin Warsh is going to assess the bank’s monetary policy before the House Financial Services Committee. The hearing is set for July 14, and only weeks remain till the meeting of the FOMC. Warsh will provide his first assessment of the Federal Reserve’s monetary policy before Congress during
Legislators have passed a bill aimed at pushing housing reforms that feature a temporary ban on a Federal Reserve CBDC. The ban forms one of the many proposals included in the bipartisan bill, the 21st Century Road to Housing Act. The bill seeks to improve affordable housing, boost the supply
The CLARITY Act debate has intensified after the Digital Chamber released a competing set of principles to challenge proposals backed by major U.S. banks. The blockchain trade association defended the current draft bill while signaling room for compromise on specific issues. The banking sector has pushed for tighter restrictions, particularly
California Representative Ro Khanna is set to introduce a bill that will prohibit elected officials, such as President Donald Trump and his family, to trade cryptocurrencies and stocks. The Democratic legislator raised the issue of possible conflicts of interest in a recent television appearance, targeting Trump in his relationships with
The chief executive officer of Coinbase, Brian Armstrong has asserted that congress needs to progress the Stablecoin and market structure bills. He also hopes to pass the bill before August 2025. The CEO requested an immediate action from Congress through his recent post on the matter of progressing its Stablecoin
Fed Chair Jerome Powell reveals a new legislature for digital currencies will be out soon. New rules and regulations by the U.S will be reflecting on the crypto market. Congressman Tom Emmer also tweets the same. It’s quite skeptical that ever since, the talks started in December, 2021 in the
U.S Congress Financial Services department interiens deep into crypto space. A gathering of law makers and crypto people, CEOs of various top crypto firms discussed constructiveness towards crypto space. New laws in favour of crypto will be out soon. They say with the passage of time, time will heal everything.
