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“#Eric Adams get$ it!: Goodwin” Heart be still, New York is about to get a mayor who understands that money doesn’t grow on trees and that the rich are not evil. Eric Adams continues to distinguish himself from Mayor Putz in all the right ways. The Brooklyn Borough president won the Democratic primary by being…
“# BBA pushes for crypto regulatory clarity in Massachusetts ” The Boston Blockchain Association, or BBA, together with Boston-based media house Media Shower and the Chamber of Digital Commerce are working to lobby for favorable crypto regulations in Massachusetts. According to a release issued on Monday, the BBA in collaboration with Media Shower and the…
“# South Korean lawmaker: Delaying tax laws on crypto is ‘inevitable’ ” Noh Woong-rae, a member of South Korea’s National Assembly and a representative of the country’s ruling party, reportedly plans to postpone a bill clarifying the taxation of crypto until 2023. According to a Thursday report from Naver News, Noh said the Democratic Party…
“#White House chief of staff tells Wall Street titans $3.5 trillion spending plan will ‘cost zero’” White House Chief of Staff Ron Klain on Wednesday claimed in front of an audience of Wall Street titans that the Democrats’ $3.5 trillion spending bonanza would “cost zero.” He said that’s because the proposal already has a plan…
“#Dems’ bid to tax rich and big biz will be middle class warfare” Benjamin Franklin was right about death and taxes, but new taxes only become inevitable when a Democrat is elected president, and here we are. The House Ways and Means Committee released an outline of tax proposals to offset President Biden’s jaw-dropping spending…
“# US lawmakers propose adding digital assets to ‘wash sale’ rule and raising capital gains tax ” Democrats in the U.S. House of Representatives have proposed tax initiatives to fund a $3.5 trillion spending package which could potentially affect crypto users. According to a document released by the House Committee on Ways and Means on…
“# Bitcoin investors are reportedly exempt from taxes in El Salvador ” The government of El Salvador will reportedly exempt investors from paying a capital gains tax and an income tax on Bitcoin (BTC), according to a presidential legal counsel. Javier Argueta, a legal adviser to President Nayib Bukele, is looking to encourage foreign investment…
“# Russian Duma wants to regulate crypto mining as business ” As Russian cryptocurrency advocates are working to attract global crypto mining operators, local lawmakers have gotten more serious about regulating the industry. Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, claimed that Russian lawmakers are now considering recognizing the crypto…
“#Senate Dems assembling wish list of tax hikes to fund $3.5T spending bonanza” Senate Democrats have assembled a laundry list of possible tax hikes to help finance their $3.5 trillion spending bonanza, according to an internal committee document obtained by The Post. Many Democrats are eager to implement the host of corporate and individual tax…
“# Not Legal Advice… America: The world’s most creative junkie ” Not Legal Advice… is a monthly column from Zachary Kelman, Cointelegraph’s general counsel. He is a New York-licensed attorney specializing in political, legal and regulatory issues surrounding Bitcoin, digital currencies and blockchain technology. For two decades, United States presidents kept the American military in…