A bill that promises regulatory clarity for digital assets has moved a step closer to a vote in the U.S. House. The House Committee on Rules said Friday (May 10) that it will consider the Financial Innovation and Technology for the 21st Century (FIT21) Act (H.R. 4763), which means the bill could go to a floor vote later in
A letter proposed by U.S. Senator Elizabeth Warren addressed to President Joe Biden has been circulating online, proposing a wealth tax on cryptocurrency holders and mandatory reporting to the Internal Revenue Service (IRS). This letter, allegedly advocating for a “Cryptocurrency Reporting and Wealth Tax Act,” has however raised doubts regarding the authenticity of the letter,
Explore the impact of the regulatory changes and the crackdowns on the cryptocurrency 2024 While we are witnessing a century-long investment evolution and the rise of modern instruments, most of the investments remain in real estate, commodities, bank deposits, and stocks. Furthermore, the advances in technology are providing new digital features that can now be
A Coinbase executive says the United States is lagging behind other major nations when it comes to adopting clearer regulations on cryptocurrencies. In a new interview with Yahoo Finance, Faryar Shirzad, chief policy officer for the top US crypto exchange, says the majority of the Group of Twenty (G20) members are way ahead of the
In a high-stakes confrontation, the SEC has intensified its clash with Terra and its former leader, Do Kwon. Asserting the importance of free speech, the SEC insists, “this is not a case of technology, trial and error, this is a case of fraud.” However, defense attorneys brush off these claims as mere missteps. But, let’s