News with the tag "ted cruz"

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...

Nearly every big name in the crypto industry has signed onto a letter calling for Congress to eliminate a U.S. tax policy they say could jeopardize decentralized finance (DeFi) technology by shoehorning much of that space into the field of brokers subject to data collecting and reporting. The Intern...

Lawmakers are pushing back on a Biden administration rule redefining decentralized finance participants as “brokers,” warning it risks stifling U.S. cryptocurrency innovation and driving it overseas. Biden’s Crypto Rule Sparks Backlash: Will It Push Blockchain Innovation Overseas? U.S. Senator Ted C...

The crypto industry, particularly brokers, is getting a big lift from Texas Senator Ted Cruz this week. According to an Axios report , Cruz will use the Congressional Review Act (CRA) in the next few days to challenge an existing IRS tax rule on crypto income reporting. This IRS reporting rule has g...

Axios reports that Sen. Ted Cruz, a Republican from Texas, plans to wield the Congressional Review Act (CRA) next week to challenge a tax regulation that infringes on the rights of cryptocurrency brokers. This move is seen not just as a procedural tactic but as a principled stand against the expandi...

In an interview with Cointelegraph, US Senator Ted Cruz discusses Bitcoin’s role in driving small business growth, its potential as a hedge against inflation, and why Texas is becoming a top crypto hub.

Senator Ted Cruz, a staunch champion for crypto reaffirmed his support for bitcoin while speaking at the Turning Point Americafest Conference. In his words, “We are going to unleash crypto. I am proud to stand with bitcoin. I am the only member of the U.S. Senate who is a bitcoin miner. I’ve got thr...

Ted Cruz, representing Texas in the US Senate since 2013, has received millions in support from the crypto industry but is still at risk of losing his seat to Colin Allred.

Bitcoin voter PAC has launched advertisement endorsing Texas Senator Ted Cruz for his understanding of Bitcoin. The post Bitcoin Voter PAC Launches Ad for Texas Senator Ted Cruz in U.S. Elections appeared first on TheCoinrise.com .

More than 18 million registered voters in the Lone Star State will decide whether to replace Senator Ted Cruz with Representative Colin Allred starting in 2025.