Tag: senate

Aug 03 2022

Senate Bill Classifying Bitcoin As A Digital Commodity To Be Introduced Today: Report

The bill seeks to empower the CFTC to regulate bitcoin as a digital commodity while excluding securities from also falling under the same category.A new bill classifying bitcoin as a digital commodity could be introduced today. This move would empower the current watchdog of derivatives and future markets, the CFTC, to gain regulatory jurisdiction over bitcoin.The bill seeks to expand...

Jun 07 2022

Senator Lummis Introduces Landmark Bitcoin Bill: Here’s What’s In It

The bipartisan Lummis-Gillibrand overhaul legislation has been introduced – here’s everything you need to know about the Bitcoin and crypto bill.The bipartisan Bitcoin legislation by U.S. Senators Cynthia Lummis (R-WY) from the Senate Banking Committee and Kirsten Gillibrand (D-NY) from the Senate Agriculture Committee has finally been introduced – months after the effort was first announced.The...

Apr 27 2022

Senate approves ‘Bitcoin law’ in Brazil

Apr 27 2022 Published at Coinscreed under tags  bitcoin law brazil news senate

In a plenary session, Brazil's Senate has approved the Bitcoin law which is the country's first measure toward controlling cryptocurrencies and also providing a regulatory framework crypto business. To become law in Brazil, the bill must be approved by the Chamber of Deputies and then signed by President Jair Bolsonaro. According to specialists who spoke […]

Mar 07 2022

US Senior Democrat Raises Concerns on Tougher Crypto Rules

Ron Wyden, a US Democrat Senator from Oregon and one of the most influential members of Congress in the country, has warned that a tough stance on cryptos could be unhealthy for the booming industry.

Mar 05 2022

Virginia Will Now Allow Banks To Offer Crypto Custody Services

Virginia's Senate on Friday unanimously approved a bill that will allow banks in the state to provide crypto custody services, granted they have enough resources to manage the associated risk. The bill will go into effect once it is signed by Governor of Virginia Glenn Youngkin. The bill effectively allows banks to be able to...

Breaking: U.S. State Virginia Will Allow Banks To Offer Crypto Custody Services

Virginia's Senate on Friday unanimously approved a bill that will allow banks in the state to provide crypto custody services, granted they have enough resources to manage the associated risk. The bill will go into effect once it is signed by Governor of Virginia Glenn Youngkin. The bill effectively allows banks to be able to...

Jan 11 2022

Nov 08 2021

Kazakhstan Senate Approves Legislation To Monitor Crypto Service Providers

The Kazakhstan national parliament has passed a law that subjects crypto service providers to the country’s financial monitoring system. The law aims to protect investors and also prevent crypto-related crimes from happening. According to a...

Oct 19 2021

Sep 14 2021

Aug 11 2021

Breaking Down The US Infrastructure Bill And Its Impact On Crypto

Aug 11 2021 Published at Bitcoinist.com under tags  altcoins bill bitcoin crypto regulation

The past few days have nothing short of a debacle on the Senate floor, especially in relation to crypto. Recent legislation titled the "INVEST in America Act" has been tossed back and forth in hopes of reaching a bipartisan vote. The short answer is, it has. However, it did not pass...

Aug 10 2021

Aug 09 2021

The Senate Wars: The Infrastructure Bill And Janet Yellen Against Bitcoin

While a proposal to increase tax obligations to Bitcoin actors brews in the senate, Yellen lobbies against Bitcoin in the background.In July, the White House and Sen. Rob Portman (R-Ohio) agreed to a proposal that would require increased tax obligations for bitcoin "brokers" as a means to help fund the bipartisan...

‘Crypto Got Screwed:’ What Happens Next in the Senate

August 9, 2021 / Unchained Daily / Laura Shin Daily Bits...

Controversial U.S. Crypto Tax Reporting Bill Still Being Debated

Senators in the United States have been grappling with the wording in legislation that could affect a controversial cryptocurrency tax reporting bill. According to reports, several U.S. Senators have been negotiating over the amendment of a cryptocurrency tax reporting provision of the Infrastructure Investment and Jobs Act....

Jul 30 2021

Elizabeth Warren Is Trying To Limit Financial Inclusion

Jul 30 2021 Published at Bitcoin Magazine under tags  culture law lawmakers regulation senate

Despite groundbreaking work occurring within Bitcoin, our “progressive” leaders continue to make backwards progress.If you’re a member of the Bitcoin community, whether self-proclaimed or working with an entity such as Bitcoin Magazine, you should be well-experienced with the chaotic nature of the narratives and politics around Bitcoin — and the sweepingly ignorant inclusion with “cryptocurrencies” in...

Jan 06 2021

What Georgia’s Elections Mean for Bitcoin

As the Democrats appear to be headed to victory, how does their new U.S. Senate majority impact markets as a whole and bitcoin more specifically?

Former Bakkt CEO Kelly Loeffler Loses Senate Seat

Former Bakkt CEO Kelly Loeffler lost her Senate seat to Democrat Raphael Warnock in a special election Tuesday night.

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