Congress
US Senators Push Bill to Make Small Crypto Transactions Tax-Free
The top Republican on the Senate Banking Committee joined Democrat Kyrsten Sinema in legislation to exempt transactions of less than $50.
US Stablecoin Bill Delayed, but Draft Language May Soon Emerge
As negotiations slow the release of a bipartisan bill until possibly September, lawmakers may put out some initial language soon to spur discussion.
Stablecoin Firms Face Tough Reserve, Capital Demands in US Bill, Source Says
Digital tokens such as tether and Circle’s USDC that are vital to functional crypto markets would have to meet stringent new requirements in legislation that’s close to the finish line.
SEC Enforcement Head Asks Congress for More Resources to Tackle Crypto Issues
Gurbir Grewal told members of a House Financial Services subcommittee he hopes to hire 125 more people, if he can get the funding.
Paraguayan Senate Passes Bill Regulating Crypto Mining and Trading
The text must now be approved or vetoed by the country’s executive branch.
US Congressional Group ‘Disturbed’ by Crypto Mining Energy Usage
The six Democratic lawmakers found that seven large crypto miners consume enough energy to power all the households in Houston, Texas.
Brazilian Congress Postpones Crypto Bill Vote Until After October Presidential Elections
Deputies were originally scheduled to consider the text this week, which has already been approved by the Senate.
Biden Official Says US Government Could Pass Stablecoin Rules by End of Year
The President’s Working Group on Financial Markets discussed issues that should be addressed by stablecoin legislation in a meeting Thursday.
States, Not Congress, Will Lead Crypto Regulation, Says Legal Expert
States could move faster to keep pace with a changing market, said Jarrod Loadholt, a partner at Ice Miller Public Affairs Group.
Powell Says Fed Plans Recommendation to Congress on CBDC
The Federal Reserve chairman says a digital dollar is "something we really need to explore as a country."
