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Rep. Emmer Calls Crypto Taxes in US Infrastructure Bill a 'Desperate Attempt'

Rep. Tom Emmer of Minnesota discusses the updated draft of the U.S. Senate’s bipartisan infrastructure bill aiming to raise $28 billion via crypto taxes, which clarifies brokers "effectuate" transfers of digital assets but stops short of excluding miners or other parties that don't provide customer transactions. Plus, his take on Virginia Congressman Don Beyer proposing new legislation to regulate digital assets.

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Updated US Infrastructure Bill Narrows Crypto Reporting Requirement

An updated draft of a controversial crypto reporting requirement clarifies that brokers "effectuate" transfers of digital assets, but stops short of explicitly excluding miners or other parties that don't provide customer transactions.

A bipartisan group of U.S. senators drafted an infrastructure bill to be paid for, in part, by broader crypto tax reporting standards.

Vídeos

Is a Bitcoin Breakout Expected Next Week?

CoinDesk Managing Editor of Markets Brad Keoun and Research Analyst George Kaloudis discuss their outlook for bitcoin amid the Senate advancing a bipartisan infrastructure bill that would raise $28 billion ​via a tax on crypto transactions.

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Senate Advances $1T Infrastructure Bill With Crypto Tax Provision

The Senate will vote Friday to move ahead with a $1 trillion bipartisan infrastructure bill which includes a plan to raise $28 billion ​from collecting a tax on crypto transactions over $10,000. “The Hash” hosts discuss the potential impact and implications.

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Regulación

Senate Banking Committee Bashes Bitcoin's 'Phony' Populism

The hearing was almost certainly the testiest in a trio of crypto-themed inquiries Tuesday morning.

Sen. Sherrod Brown (D-Ohio), chairman of the U.S. Senate Banking Committee.

Regulación

Republican Senator Asks FinCEN to Reconsider Controversial Crypto Rule

The FinCEN rule, proposed under former President Donald Trump, needs to be revisited, Sen. Pat Toomey said Thursday.

Sen. Pat Toomey (R-Pa.)

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Distributed Ledgers Included in Tech Bill Passed by US Senate

The bill gives a nod toward blockchain and now moves to the House.

Sen. Chuck Schumer is the lead sponsor of the Endless Frontier Act.

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Senate Confirms Gary Gensler as Next SEC Chief

Gensler previously ran the federal Commodity Futures Trading Commission.

SEC Chairman Gary Gensler

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US Senate Approves $1.9T Stimulus Plan, Measure Returns to the House

Because the stimulus package would likely be a boost for stock markets, it could also provide a lift to the price of cryptocurrencies.

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