News with the tag "House of Representatives"

A bipartisan piece of legislation aimed at combating illegal blockchain activities has been reintroduced to the U.S. House of Representatives. According to a new press release , Republican Representative Zach Nunn of Iowa and Democrat Representative Jim Himes of Connecticut have together reintroduce...

The crypto industry’s Fairshake political action committee is flooding Republican candidates with last-minute money in special congressional elections in Florida. Two U.S. House of Representatives seats had been opened by resignations when their occupants were tapped for posts in President Donald Tr...

Strong support from many Democrats helped win a victory for a U.S. Senate effort to erase a Biden administration crypto tax rule on Tuesday, clearing what may have been the most difficult hurdle toward eliminating the Internal Revenue Service's new broker rule that was set to include decentralized f...

The U.S. House of Representatives has taken the first significant move to erase the work of the Internal Revenue Service to impose a tax regime on decentralized financial (DeFi) platforms in the final days of former President Joe Biden's administration. The House Ways and Means Committee — the panel...

Lawmakers in the Ohio House of Representatives proposed a bill to prevent extra taxes on crypto payments and address mining, staking, and regulation of digital assets and investments by the state retirement systems. Lawmakers Introduce ‘Ohio Blockchain Basis Act’ On Monday, Ohio lawmakers introduced...

The chief lawyer of U.S. crypto exchange Coinbase (COIN) testified about the abuse of authority from regulators who erected barriers between banks and crypto firms in a hearing of the House Financial Services Committee on Thursday, marking the latest advance in the digital assets industry's reversal...

The crypto industry is waiting for President Donald Trump to issue an executive order that will steer the federal government toward a new, more welcoming era for digital assets oversight. That'll be good for Trump's own business, and that's one of the reasons Democrats in the House of Representative...

Crypto's chief political action committee has put money on its picks for the Florida congressional seats vacated by one of President-elect Donald Trump's closest allies, Matt Gaetz, and the politician Trump tapped as a national security advisor, Michael Waltz. With an extremely tight majority in the...

Rep. Mike Johnson (R-Louisiana) will get to keep the big gavel after his fellow Republicans voted to re-elect him House Speaker on Friday afternoon. Johnson, who has been publicly backed by President-elect Donald Trump, was able to garner the minimum 218 votes needed to win the job in the first roun...

Mike Collins, a first-term Republican in the U.S. House of Representatives, may not have a high profile on crypto policy, but he has a very active crypto portfolio. And his trading indicates that memecoin enthusiasm has reached the shores of Congress. Collins, whose committee assignments keep him fa...