News with the tag "legislation"

Despite recent setbacks, U.S. legislation to regulate stablecoin issuers may be heading toward debate and passage next week, according to the backers of the bill known as the "Guiding and Establishing National Innovation for U.S. Stablecoins" (GENIUS) Act. “Next week, the Senate will make history wh...

The world of cryptocurrency is constantly evolving, and with that evolution comes the increasing need for clear and effective regulation. One area drawing significant attention from lawmakers and industry leaders alike is stablecoins. These digital assets, pegged to stable assets like the US dollar,...

For investors navigating the complex world of assets, particularly in the rapidly evolving digital asset space, tax implications are always a major consideration. The potential for significant gains often comes with the reality of capital gains taxes. However, a groundbreaking development in Missour...

The U.S. legislation that would establish stablecoin regulation failed to take a huge step closer to reality on Thursday as a rush of Democratic resistance kept the bill from moving into a debate phase, which would have been the path toward an eventual vote on passage. The crypto industry has been c...

Missouri lawmakers have passed a sweeping tax bill that exempts capital gains from state income tax and sent it to Gov. Mike Kehoe for signature. The measure , a top priority for House Republicans, passed the House Wednesday with only GOP support and 10 Democrats voting “present.” The bill would app...

Are you involved in the world of cryptocurrencies, NFTs, or other digital assets? If so, a significant development out of the state of Oregon should definitely be on your radar. Oregon has just made a pioneering move that could reshape how digital assets are viewed and utilized within traditional fi...

In a significant development signaling growing interest in digital assets at the state level, Arizona Governor Katie Hobbs has signed into law a bill creating a State Digital Asset Reserve Fund . This move positions Arizona as a forward-thinking state actively engaging with the cryptocurrency landsc...

The world of cryptocurrency is often unpredictable, but a recent development out of Washington D.C. has injected a significant dose of optimism. After months, if not years, of debate and legislative maneuvering, U.S. politicians have reportedly reached a bipartisan agreement on crucial stablecoin re...

Arizona Governor Katie Hobbs has approved a new law that lets the state take control of digital assets left unclaimed for three years or more. The announcement was made via a May 7 press release on the governor’s official website, following the passage of House Bill 2749 with bipartisan support in t...

Two recent shepherds of U.S. crypto oversight — Republican former lawmaker Patrick McHenry and Democrat former Commodity Futures Trading Commission chief Rostin Behnam — shared a view that there's a tremendous amount of work still to do on U.S. crypto legislation but that now is the moment to do it....