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“# Sen. Warren goes after Ethereum network fees in committee hearing ” Democratic Senator Elizabeth Warren, known by many as an outspoken cryptocurrency skeptic in the U.S. government, criticized outages at exchanges and high transaction fees during periods of price volatility. In a Tuesday hearing of the Senate Committee on Banking, Housing, and Urban Affairs…
“# Afterpay ‘absolutely’ keen to explore crypto services after regulations clarified ” Australian buy now pay later (BNPL) giant Afterpay — now part of Jack Dorsey’s Square — has said that it is likely to pursue cryptocurrency services once the regulatory framework is clear. Following on from Afterpay’s submission to the Senate inquiry into “Australia…
“# Australian crypto businesses tell Senate inquiry about being de-banked up to 91 times ” Crypto-related companies and figures have provided evidence about being de-banked by Australian financial institutions to a Senate inquiry. Crypto investment firm Aus Merchant, global remittance provider Nium and small peer-to-peer crypto brokerage platform Bitcoin Babe were speaking on a panel…
“# How does the infrastructure bill affect the mining industry in the US? ” On August 10, the United States Senate voted to pass a $1 trillion bill to revitalize America’s infrastructure. From the standpoint of the crypto community, miners in particular, the Senate’s foray into crypto legislation has been a disaster. Unless the language…
“# Crypto, Congress and the Commission: What’s next for the ‘Wild West’? ” The entire cryptocurrency industry is waking up to a new reality. Politicians and regulators have decided to wade into the space, which had flown mainly under their radar until now. A House committee chair is launching a working group; the Securities and…
“#McConnell calls Afghanistan chaos stain on our reputation” Senate Minority Leader Mitch McConnell (R-Ky.) called the tumultuous American withdrawal from Afghanistan and the swift reconquest of that country by the Taliban “an embarrassment” and a “stain on our national reputation” Tuesday evening. McConnell, long an advocate of keeping US forces in the country, insisted on…
“# Treasury to the rescue? Officials to clarify crypto tax reporting rules in infrastructure bill: report ” The United States Treasury Department is reportedly seeking to clarify the definition of brokers in the bipartisan infrastructure bill passed by the Senate last week, offering cautious reassurance that the new legislation won’t impact innovation and growth in…
“# Senate infrastructure bill isn’t perfect, but could the intention be right? ” United States Senators have cast their votes, and the contentious HR 3684 infrastructure bill cleared in the upper Congress chamber. Now, the gigantic document of over 2,700 pages and amounting to almost $1 trillion is heading to the House of Representatives, including…
“# Wyoming’s crypto-friendly bill could be a sandbox in action, Sen. Lummis says ” As the United States continues to weigh out the best ways to include crypto businesses through an infrastructure bill, the state of Wyoming has taken proactive measures to attract Bitcoin (BTC) miners and other crypto businesses to its local jurisdiction. Wyoming’s…
“# Members of Congress lobby Nancy Pelosi and others to amend crypto tax definition ” Representative Anna Eshoo has written to Speaker of the United States House of Representatives Nancy Pelosi on Thursday, expressing concerns about the controversial new mandate for crypto tax reporting. In it, she urged Pelosi to amend the cryptocurrency broker definition…