News with the tag "U.S. House of Representatives"

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...

The U.S. House of Representatives recently passed bipartisan legislation that would prop up a working group designed to probe the use of digital assets in illicit finance. The Financial Technology Protection Act would pull together officials from the private sector and a wide range of government dep...

House Majority Leader Steve Scalise has slated the bill, previously vetoed by President Joe Biden in May, for reconsideration on July 9 or later.

Crypto is gaining momentum among U.S. lawmakers. Senator Cynthia Lummis stated: “We are building a pro-crypto army in Congress.” This declaration came shortly after the House of Representatives passed the landmark Financial Innovation and Technology for the 21st Century Act (FIT21) crypto bill, desp...

The House of Representatives voted to maintain Congressional power over any present or future CBDC issuance.

The U.S. House of Representatives has approved the Financial Innovation and Technology for the 21st Century (FIT21) Act for the regulation of crypto assets despite opposition from President Joe Biden and SEC Chair Gary Gensler. This landmark legislation secured a bipartisan approval with a vote of 2...

The U.S. House of Representatives is gearing up to vote on a major crypto bill that aims to clarify how digital assets are regulated. The bipartisan “Financial Innovation and Technology for the 21st Century Act” would empower the Commodity Futures Trading Commission (CFTC) to regulate crypto assets ...

Rep. Maxine Waters said U.S. lawmakers are inching closer to reaching an agreement on stablecoin legislation. In an interview with Politico Pro, Waters said on Feb. 7 that negotiators are “very, very close” to reaching an agreement on stablecoin legislation.…