Tag: us lawmakers

Sep 22 2022

U.S. lawmakers Support Custodia Bank In Legal Battle

The Custodia Bank sued the Federal Reserve in June, claiming that the Fed's deferral of judgment is illegal and unfair to crypto institutions. In its ongoing legal battle to obtain a master account at the Federal Reserve, Custodia Bank has received support from seven Republican members of Congress in the United States.Sens. Cynthia Lummis (R-Wyo.), […] The post...

Sep 09 2022

Digital Dollar: Republicans Demands ‘Urgent Response’ From Fed

Rep. Patrick McHenry and other members of the House Financial Services Committee wrote a letter to Fed Vice Chairwoman Lael Brainard asking for more information on Digital Dollar. U.S. A top Federal Reserve official is being asked by Republican lawmakers to explain how the central bank sees its power to issue a digital dollar. Rep. […] The post...

Jun 17 2022

US lawmakers write to EPA on benefits of crypto mining

Jun 17 2022 Published at Coinscreed under tags  crypto mining epa news us lawmakers

Some senators and House representatives of the United States have signed a letter to the Environmental Protection Agency (EPA) showing the benefits of cryptocurrency mining. Many US lawmakers, including pro-Bitcoin Senator Cynthia Lummis and Representative Tom Emmer, wrote to EPA Administrator Michael Regan on Thursday, requesting that the government agency investigate the potential impact of […] The post...

Nov 06 2021

House Passes $1 Trillion Infrastructure Bill; Implications For U.S. Crypto Community

The U.S. House of Representatives, on Friday, passed the $1.2 trillion bipartisan infrastructure bill. With a final vote of 228-206, thirteen Republicans voted with the majority of Democrats in favor of the bill. Although, six Democrats voted against it. After hours of deliberation, the bill now heads to President Joe Biden's desk to be signed into law. If signed, it would introduce new...

Oct 03 2021

US Lawmakers Want to Know Powell’s Plans to Support Crypto

Oct 03 2021 Published at Coingape under tags  altcoin news btcbrl btcbusd btcdai btceur

As many as 7 lawmakers from the United States Congress have sent an open letter to the Federal Reserve Chairman, Jerome Powell, demanding to know how the American apex bank aims to support innovations bordering on digital currencies. Spearheaded by Reps Tom Emmer, Ted Budd, Ro Khanna, Darren Soto, Frank Lucas, Glenn “GT” Thompson, and The post US Lawmakers Want to Know Powell's...

Aug 03 2021

U.S. Lawmakers Narrow US Infrastructure Bill Requirements For Crypto Tax Reporting

Aug 03 2021 Published at Bitcoinist.com under tags  bitcoin crypto tax news us lawmakers

According to reports, authorities in the United States have narrowed the scope of the proposed bipartisan infrastructure bill, which was originally designed to generate at least $28 billion in crypto tax from the country's crypto investors to cover the $500 billion they plan to spend on infrastructure development. U.S. Lawmakers Soft-pedal On Crypto Tax The Senate's bipartisan infrastructure bill has been modified to...

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